Could you explain how "would" works in this sentence? Here is an explanation about "two-horse race".
(a) Two-horse race
A close or tight battle between two teams for the title (three teams would be a three-horse race, and so on).
Three teams would be...
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Alan
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Re: Three teams would be...
It is a straightforward use of the conditional mood, in the context of an implied 2nd conditional sentence (I.e. "IF THERE WERE three horses, it would be called...").