This article is from the Final-Fantasy and other Square Soft Games FAQ, by firstname.lastname@example.org (Nick Zitzmann) with numerous contributions by others.
Unless your chocobo is extremely undisciplined, this should help you win
every chocobo race you get into, even against Teioh.
Hold down the R1 and R2 buttons while you race. Your chocobo will
recover stamina at an accelerated rate, even when you're going at top