Race Comment Explainer

Original comment with matches highlighted:

made all, ridden before 2 out, diminishing advantage run-in, near finish

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.
Made all	Led the race from start to finish.
held on	The horse managed to maintain its lead and win the race by a narrow margin.

Summary

The jockey started urging the horse aggressively before the second-last obstacle to try and get it back into contention.
Led the race from start to finish.
The horse managed to maintain its lead and win the race by a narrow margin.