Physique

His recent form tells a mixed story. His last race, just a day ago, produced a seventh-place finish, but before that he picked up a third and a second — signs of a horse capable of finding the board on the right day. When he's ridden by Mohammed Tabti, who has been his most frequent jockey, he wins at a rate of roughly 1 in 6 races, which is nearly double his overall average. That partnership is worth noting: the combination clearly suits him better than most.

The elephant in the room is his record in the top-tier races where he has been entered. At Class 1 or 2 level, Physique has failed to win in nine attempts, which tells you exactly where his ceiling sits. He is a lower-level horse, one who occasionally gets close but rarely breaks through at the higher mark. What matters for Physique now is finding the right race at the right track — Newmarket on a day when the conditions play to his strengths, with a confident Tabti in the saddle. He will not make headlines, but he is far from finished.