By The Lake

What's striking about By The Lake's recent form is how active it remains. A second-place finish just a day ago shows the horse is still competitive and still being targeted by the yard who believe there's more to come. Earlier in that run, there was a sixth-place result and some races where the performance dipped, but the second placing last week suggests the horse is back in the mix. For a three-year-old with a couple of career wins to its name, consistency in finding the placings matters—it means the horse belongs in the races it's being entered for, even if winning every time around has proved elusive since that September victory at Dundalk. The fact that the yard are keeping By The Lake active, racing frequently enough to have six runs in recent memory, suggests they see genuine potential still waiting to be unlocked.