Race Comment Explainer

Original comment with matches highlighted:

chased leaders, hit 5th, closed 3 out, led 2 out, well,

Matched phrases & meanings

Phrase	Meaning
Chased leaders	Running directly behind the horses in front of the field.
Ridden out	The jockey encouraged the horse to the finish without the whip, often in an easy win.
Stayed on	Continued to finish but without closing the gap significantly.

Summary

Running directly behind the horses in front of the field.
The jockey encouraged the horse to the finish without the whip, often in an easy win.
Continued to finish but without closing the gap significantly.