Young people love to gamble, and they have shown that by their participation in fantasy sports, poker, and now sports betting. The notion that these young people lack the will to educate themselves so they can cope with a complicated but beatable gambling game is utter bullshit. I happen to own every worthwhile poker book that has been published in the last 20 years, and these books are WAY more advanced than what can be found in the horse handicapping literature of the last 50 years. And yet...plenty of young poker players have devoured these poker books, in spite of their complexity.
The young people of today have shunned horse racing because the game's reputation is dubious, as is its profit potential. They have chosen other more attractive gambling opportunities...and I can't say that I blame them.
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"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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