The real and only problem horse racing has is that the takeout levels are way too excessive.
Horse racing has steadily been reduced to a widely perceived suckers game for degenerates because of sky high rakes that steadily rise more and more all the time.
The less a public knows or cares about the sport -- the worse off it will be.
A lot of industry people and execs want to "market" the sport as "entertainment" ... that is a serious mistake. They need to sell horse racing for what it was in its glory days in the late 1800's and early 1900's when the best professional horse bettors were household names. Many of the best of them came from absolutely out of nowhere -- many had little or no formal education -- most weren't people who made their money working anywhere else.
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