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I am not directing this statement at you, but I seriously question that most horseplayers who have "studied" for decades have really studied at all. My experience is that most have "played" and made anecdotal observations as opposed to anything that resembled studying.
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I agree with this 100%.
For much of my 40 years of playing I learned by reading books, trial and error experience, and keeping track of my bets to see where I was doing well or poorly. My only serious study was a small database in the late 80s and trainer stats I kept manually for awhile. There's nothing wrong with that. You do learn by trial and error and from the experience of others. It's just a very tedious and long process. Now that I have a more comprehensive database, it's way easier to test ideas and verify insights. You pick up quickly on where conventional wisdom is wrong or where your own ideas are good or bad.