Sounds to me like you viewed horse racing as only an entity to gamble. For racing to win you back, many things need to change. Many others are just diehards (obviously, not enough of us)
I see it as much more than that and can enjoy racing without gambling, scouring the form, etc. Just the other night I must have watched an hour or two of old replays (totally forgot about Cetewayo falling in the Man O War that Daylami won in 1998) posted on Youtube from Partymanners (or how about this jem of a broadcast which included an in-race jockey cam, well-used too, from the 1995 Caesars Palace Turf Championship at Hollywood, won by Sandpit...
http://www.youtube.com/watch?v=NqXf1yxq318).