King George V at Epsom Derby horse race

The transcript describes the excitement and uniqueness of the world-famous Derby, highlighting the vast crowd and the parade of thoroughbred participants. It details the progress of the race, mentioning key participants and their positions. The narrative concludes with the announcement of the winner, emphasizing the favorite's victory.

What is the significance of the phrase 'Dances of affection' in the context of the Derby?

What does the text imply about the favorites in the race?