A lot of people are drawn to horse racing through the [bucket loads] of hype and myth of easy big money. You know the drift: 'Turn $100 into $100k in 12 mths.' !

Sadly, these punters have no real love of the sport and their interest is really just turning lead into gold ...an easy buck.
There are a legion of snake-oil salesman out there who are only too keen to show them how to 'beat the races' [ie. to lose their money with them being the first in line for some of it].