What you put across as fact, is merely your own opinion, I've seen much greater and better cards than the ones the UFC has put on the last 2 years in general, MMA back in the day had awesome stacked cards (not sayign Bellator is outperforming the UFC now, but others certainly did). They had a great chance to do something spectacular when they bought Strikeforce and Pride, but they blew it as always, they instead gave all their champions shitty hard matchups and made life hell for most of them, instead of giving the fans the dream matches that people had thought of for years.
Don't sit there and pretend like the UFC has some sort of gold standard in MMA, that's complete nonsense, they have chosen a cost benefit model where they don't risk any future revenue or profits, because they fill the cards up with those who wants to fight as cheap as possible, either most MMA fans have consisting brain injuries or they simply cannot remember when Dana spoke the line "I dont want girls to fight in the UFC", then he saw what kinda money Gina and Cyborg generated in Strikeforce and he went on the bandwagon + he quickly realized that the girls would fight much cheaper than the men and usually not create any sorta trouble since they are mostly company people, who's super honored to simply be there (whether that's the right mentality is a different discussion).
Bellator had lots of great cards, you just haven't seen them, it equals to me saying that all current basketball is trash because Lebron used to be good and I besides that have never seen the current product, it's a baffling ignorant statement, spoken by someone who doesn't have the merits to even put across his opinion, since he hasn't even reviewed any of their shows. You watch 4 fights of the prelims (which no one usually watches, except the hardcores) and boastfully declare that Bellator is filled with cabdrivers and people who work at Walmart, while putting a stamp on the whole organization as something that's purely amateurs.
You do have a point though, Bellator has too many bad prelim fights recently, that we can agree on, but you also gotta realize that the market isn't expanding anymore; you got the PFL, BKFC, Rizin, ONE FC, UFC, all the local regional promotions under the Fightpass banner and many many more. It's not like when there was only WEC, UFC, Strikeforce and Pride. Landscape has changed totally and those in power has to readjust to those circumstances, while also cutting older "legends" since the new generations don't know who half of them are, my point being it's way harder to promote and do good cards, because of the over saturation of not only the UFC, but MMA as a whole since you see a new big upstarting company almost everyday, this obviously lowers the quality of the overall product, but that doesn't mean Bellator hasn't had any good cards. I've seen plenty myself and I'm not just a shill, I have actually went out there and said when some of it was trash.
The fighter pay argument is ridiculous, I could mention Sarah Alpar or plenty of other people who doesn't even their flight tickets paid by one of the biggest agent firms in the world, whos apparently to cheap to even compensate their employees travel expenses while risking getting potentially KO'ed or have an arm broken on national TV. Bellator is actually a pretty new company if you look at how recent they were bought out by Viacom, only 9 years (bought the company in 2011), now compare that to the UFC who's had the Fertittaz in charge since 2001 (over 20 years ago) and besides that has the WME running it, while getting the biggest TV deals the sport has ever seen with their FOX and ESPN deals. You are comparing something that's been a monopoly for over 20 years to a organization that had to struggle to even compete and now finally have a big TV deal with Showtime (something I know they been striving for in a long time), that's like comparing McDonalds to your local takeout restaurant in terms of sales, that's not a fair comparison.
Bellator has made mistakes, but also has alot of years to make up for it and win a large percentage of the viewers back they lost + try to gain new ground on their target audience (18-40 year olds). They have a powerhouse in Viacom owning them and guaranteed TV time on Showtime multiple times a month, I would say that's pretty impressive, for a company that's only 9 years old in it's current form.