I do believe physicality is one of the last areas where bettors can get an edge in racing. But this does knock out multi-race wagers, as one can only see horses on the track for the upcoming race.
Don't make opinions too early. I've seen horses look mediocre in the walking ring, only to light up and look great a minute or two before post.
Some track cameramen are adept at picking up sharp looking horses in the last minute or two.
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