Race Comment Explainer

Original comment with matches highlighted:

led, forged on home turn, ridden before last, headed over 110 yards out run-in,

Matched phrases & meanings

Phrase	Meaning
ridden before	The jockey started urging the horse aggressively before the second-last obstacle to try and get it back into contention.
home turn	This is the final bend or corner of the track, just before the horses enter the final straight run to the finish line.
Faded	The horse lost speed and dropped back through the field.

Summary

The jockey started urging the horse aggressively before the second-last obstacle to try and get it back into contention.
This is the final bend or corner of the track, just before the horses enter the final straight run to the finish line.
The horse lost speed and dropped back through the field.