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Well in that case, it would make sense to jack on the brakes when you see a waving yellow, riders will all go by as you putt around, they will all be docked a lap, and you'll win the race.
Extreme example, but you see my point. The rule as written does not convey the intent, I don't think.
Disagree... If a rider is down in the middle of the track over the blind hill, they should/would be waving the red flag, not the yellow flag.