I realize that I am among giants, but consider this.
Talk now of the opening half being \'par\'.
That may actually be correct, but that wasn\'t where the race was lost.
It was the opening 1/8.
The only reason the half came up par, was Z had to be hard used to get back in the race.
If the first 1/8 had been handled more gracefully, Smith would have had more horse left, and more options on how to ride the final 1/4.
In general , a closer benefits from not expending energy early. In this case , those *extra* 5 lengths or so lost by bobbling around were simply wasted, as if she\'d started 5 lengths behind the gate (I realize that would be actual extra ground, but I can\'t think of a better comparison at the moment.)
Come to think of it, it\'s more like her simply standing in the gate for a second after it opens. No benefit at all, just time lost.
I now return control of the board to the pros.