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unknown-track - Race 8

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Horse Racing Basic Terms

Pari-Mutuel

A pool style wagering system, where all money input through betting is divided among those with winning tickets (save for various deductions by the track operators).

Daily Double

A wager on two consecutive races on the card where bettors have to pick both winners.

Handicap

A race where a handicapper has assigned weights to be carried by all runners on the basis of their past racing efforts.