So even if you know about it. It's more an exercise in frustration than anything.
Edit: I just discovered now that if you long-press on the text to place the cursor, you get a little magnified view and it does let you place the cursor in the middle of a word. So that's probably the most efficient method currently available.
I chuckled a little at this as this is one of the oldest features of iOS, probably even from back in the pre-iPhone 4 days.
In my defence apparently it was removed in iOS 13 and only recently came back.
The first iPhone I got was a 3GS and it had the feature. The person at the apple store helpfully demonstrated it to me when I went to pick it up.
Reminiscent of how I feel whenever I copy and paste something on Android
I have an iPad without that feature, and it's maybe 5 years old? I think it's a newer feature.
Also, in the past you could tap and hold on text and it would magnify the view around where you were tapping, but that feature was dropped at some point.
This is back in iOS/iPadOS 15.
I got my iPad, tried several different apps, and I now see that the feature is present in all of the ones I tried.
I think what I did differently this time was hold the spacebar down long enough for the feature to kick in. On my android phone there isn't that long of a delay, so I think that's what threw me off.
Thank you for the correction!
I miss my very first Android phone (the original HTC Desire) which had a tiny hole they called an "optical trackball" that worked incredibly well for selecting text.
If only apps and phones had a manual to describe the functionality available...
I knew it, but I had to be told, and it's not too intuitive