You can get by without wear sensors just fine. I melted one at my first track event. I cut it off, stripped the ends of the wires, and taped the end with electrical tape - no brake wear light, no problems at all.
You just have to remember now, to inspect your brake pads frequently. Since I swap street pads and track pads 3-4 times per summer (before each track event), that's certainly often enough to know when they're getting low.
Cheers,
Jason
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