I did too (well, the SAT; given that and that evrywhere I wanted to apply took the SAT, the ACT would have been superfluous), but...
> Being smart does help you on these tests but not as much as you would hope.
Its pretty much all being smart. Focussed study has some effect (and because small score differences at the high end make big competitive differences, can be worthwhile), bit don’t really do much.
Scores are quite tightly correlatee with IQ, which is why, e.g., MENSA accepts them in place of IQ tests.
> The things that meaningfully affect your score are studying for them and learning the specific material on the test.
Sure, those are the things in your control near the time of taking the test that affect your score, aside from “not getting wasted the morning of the test”. There’s not much you (or anyone else) can do after early childhood to significantly improve your probable IQ at the time you take the test, but that’s still the main outcome driver.