I believe the time of the race is that of which the winning horse's head crosses the finish line. Then its siplayed how many lengths a horse gets beat by the winner. Usually the stnadard rule is 1 second equals 5 lengths.
I bring up this discussion because times are so widely used in handicapping.
Also I saw that Spanish Chestnut worked in 57 and 4 and I have a hard time believing it.
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