Quote Originally Posted by dvang82 View Post
go to bentbranch, and take your coverings with you, and breed a new chocobo, then after 6hours (earth time) go collect your new bo and go register it in gold saucer

(chocobo keep does not do the breeding)
I've been away from chocobo racing for some time, but returned to it about a week ago. I don't know if it's been buffed, was a bug, or rank related (I haven't been keeping up to date with changes), but the covering on my last breeding only took an hour.