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The one and only time I visited the horse tracks was in Calif.
Place was called Santa Anita.
The crowds reminded me of the
ones at boxing matches.
I had no idea about betting but
just for kicks, I put a small amount to "win-show-place".
I won and got back quite a return.
I can imagine why folks get addicted.
I knew it was pure dumb luck
on my part.
Some sports are more of an acquired taste than others. Horse racing is one that requires time and study to really "get" it.
There is a tremendous amount to of nuance that goes into the strategy of horse racing that simply is not apparent in the way throwing a long pass in football, making a three point shot in basketball or hitting a home run are in those sports. And those sports have reasonably continuous action - horse racing is about 2 minutes of action every 30 or so minutes. If you aren't into the nuance of "studying" for the next race - it can quickly become boring.
But there is no reason to kid ourselves, horse racing, IMHO, was more popular when there were fewer gambling opportunities for the public - now that there are, less are wiling or care to devote the time to learning the sport.