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Underlay
A horse that is going off at lower odds than it deserves based on performance.
Claiming Race
A race in which horses are entered for a certain price, or claiming tag, which is also their sales price. An owner can claim any horse entered for the tag before the race begins, and owns them as soon as the gates open.
Minus Pool
A pari-mutuel pool – typically a show pool - where one horse is so heavily bet that after deductions there is not enough money left to cover the prescribed minimum on each bet.