Getting the most out of an old tyre is false economy 

Racing slicks have potentially better grip because 100 percent of the footprint of their running surface is in contact with the road.

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As my tyres wear out, they definitely have less grip in wet conditions, but on dry roads their grip seems to get better with age.  Is there a reason for that or am I kidding myself?  EM

Technically, so-called "slick" tyres (with no tread at all!) can give better grip than treaded tyres…but only on clean and dry tarmac!  They will give significantly less grip if the road surface is even slightly loose or soft or wet.

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Note: The results are not exact but very close to the actual.