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This has been a problem for decades. In the 2000s three Derby winners raced at age 4 or older and one of them (Funny Cide) was a gelding. In the 2010s three Derby winners raced at age 4 or older. I guess running fewer races in a season and more big-money races spread out through the fall and winter are causing it to seem like something different, but this breeding vs. racing imbalance is nothing new.
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