That is exactly right Regal! I feel like the Olympics today is more like a pissing contest than anything else. Back in the day only free men who spoke greek were allowed to participate, so not just any job blow who was a great runner could c'mon in and race.
There were fewer games as well. If you look at the link that I provided, you'd see that there were only a hand full of games, and not a million and one sports to suit everyone's needs. In my opinion, the ancient Greeks focused on events that were primarily useful in ever day life, for the most part; things that were needed to get by and survive.