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Well stated, Bill.
Contest play is very much like tournament poker because there are variables at play that normally don’t come up when playing for just cash profit. In contest play, all it takes is a SWAG longshot crashing the party and suddenly, you’re forced to open your range of playable horses in later contest races, because the lower paying runners aren’t going to help you. At least at the windows, you can shake off the loss and move on with the same game plan as the last.
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