I agree that trouble is never more overrated than when it happens during the slowest part of the race....and also that racing wide while the pace is so slow is no disadvantage at all...as you're in the clear and really giving nothing away. And Belmont is just about as forgiving a track as any to be wide on.
In the Belmont, the meaningfull ground loss would be on the final turn...when the real running was finally starting.
Ground loss is most severe in real fast-paced two-turn races, with a short run into the first turn. If a horse gets hung wide while gunning for the lead in that situations...he's a very likely candidate to tire markedly later on in the race, as those type of horses often run well below form.
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