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Create
Create waves by going to Event setup and View waves / start groups and click on add.
After you've created the wave, you activate waves by going to Event setup and Settings and choose Start group.
If you instead or also need participants to enter expected time, this is also here you select that.
You can also determine if a start group is open for all distances or only a specific distance.
You can also set the start group to invite only. See how to create Invitation links
If you wish to move multiple participants to a wave simultaniously, go to Mass changes