How Liberace displayed competition? (4)

I believe the answer is:

race

I'm a little stuck... Click here to teach me more about this clue!

'competition?' is the definition.
(I know that race is a type of competition)

'how liberace displayed' is the wordplay.
'RACE' is hidden in amongst the letters.
But, I am uncertain how this is indicated.

Can you help me to learn more?

(Other definitions for race that I've seen before include "compete to come first" , "eg The Oaks" , "See 22" , "Care about contest" , "Rush" .)

I've seen this clue in the Sydney Morning Herald.

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