Former champion jockey Roy Higgins declared in The Winning Post:  “Why is it so many young jockeys go through hell before either  disappearing from racing altogether or somehow getting their careers  back on track? Well, I think the reason is obvious – money, too much of  it.” Higgins noted: “Kids these days can earn between $500 & $1,000 a  day in losing rides. They can be out of their apprenticeship at 18  & have access to massive amounts of cash. Most parents with adult  children will remember a time their kids went a bit ‘off the rails’ late  in their teenage years. That may have involved drinking to excess or  doing silly things. Imagine the temptation for a kid with sudden access  to huge amounts of money. And remember we are in a time of another great  evil in easily accessible & dangerous drugs, which incidentally,  could be seen as an ideal alternative (to beer) for a jockey fighting to  keep weight off. 
I don’t know what the solution is. . . In my day  they didn't come out of their time until they were 21, so the big  pay-out was delayed. If you out-rode your claim by that age you had done  a great job, because there were only 2 meetings a week. Nowadays with  24/7 racing it’s much easier to get out of your apprenticeship &  into that lovely cash. Money is a wonderful thing, but also can be very  dangerous in young hands. Look how many footballers had their lives  shattered because of it.”

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