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One thing I think you should touch on is measuring the impact of trips.
It's one thing to find a horse that had an especially good/bad trip. It's another to try to adjust his figures or beaten lengths based on that trip to assess the performance.
I think in some extreme instances (like for example a horse that was both dueling and on the bad part of the track), you are probably better off just throwing the race out than trying to make an adjustment of some sort. But even that is not perfect because form changes.
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