After ceasing to be an active politician, Wyatt was appointed by the Home Secretary, Roy Jenkins, as Chairman of the Horserace Totalisator Board from 1976 to 1997. At first he was an active chairman, rooting out corruption, but later grew complacent and the Tote stagnated."To Move and To Shake" by Geraldine Bedell. The Independent on Sunday, 24 November 1996. According to John McCririck: "The Tote had been bankrupt and he turned it round. He made it a force in betting. When he became chairman, the Tote was a total mess but he put it on the map by his sheer personality and flair along with the introduction of computerisation". However, a House of Commons Home Affairs Select Committee produced a report critical of Wyatt.
