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Presumably the #4 was (reasonably) deemed not fit, thus its E/L not its own but belonging only to the Pace of its last Race.
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The #4 horse lost its last race by almost 24 lengths so I used its pace line from its 3rd race back. I have found that when I use a paceline in which a horse was beaten by more than 10 lengths it distorts my results. The exception is when I am playing Maiden races and virtually every horse lost by 10 lengths or more.