Sounds similar in ways, i use lifetime API as shown on virtualformguide mainly because this is the form i use.

The thing i like about working out API for the race is because you can then look at the individual API and use it like a field strength rating.

Say a runner has an API of $5000 and the average is $2500 you would say it is a lot better then the rest, this is just one idea to use.

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