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""Back in the old days, 15-20,000 amateurs would regularly take a day off to spend at the races (now you're lucky if 800-1200 show up, all insiders). The insiders would eat the low hanging fruit the public was offering. That low hanging fruit is largely gone, and the game is reduced to just the insiders, the scholarly, and well informed picking each others pockets…… nickel and diming it and devouring each other instead of the schools of bait fish which are largely absent. It's simple ecology 101. As goes for the track, it goes for the markets."
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