This website helps in your search, let's try to keep it there, unless you really REALLY need the keyword attention:
Find Internet TV - Search. Find. Watch.
I have my Windows media player set to Onlineracing's Jai Alai or dog races at
OnlineRacing.tv , I have it set up as my screensaver with Microsoft Video Screensaver.
Yeah, getting the exact direct access URL for the media player is a bit of a challenge, but I use a "network snooper" like
URLSnooper. Dropping that direct access URL in the media player usually is a lot better than watching it in a tiny window. However, some sites require a cookie that is issued by advertising, and the "direct access" method sometimes fails.