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6 down " horse race" cryptic clue " tape broken, novice takes second place in race" 5 letters.
I have ? L ? T ? . From the cryptic clue I think it's "plate" but is this right? Help please.

p l ate

That's what I thought but how is " plate" a horse race?

It is a racing term. Seller race or plate. The winning horse must be put up for auction I think.

It's correct. Have a look on google.

Thanks.