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What follows might be blather, but I think there might be something in it.
First, I don’t think the notion of stable form is all illusion. When horses are in form they can bring each other on more on the gallops.
It’s often noticeable that when a stable has one good juvenile it will often have several, Jim Bolger’s being a case in point from this season, Kevin Ryan’s from last season.
I think the bigger stables have an advantage in that they can stage a little bit more gentle competition of the appropriate level for each horse on the home gallops, which helps to bring out the best in all of them.