Stakes Race
Stakes Races are known as better class races, with higher purses and often accompanies by trophies.
Show Wager
Betting on a horse to finish in the first three spots, which pays out the same whether they win or run second or third.
Rabbit
Also known as a pacemaker; this is a horse with no expected chance of winning but is used to prompt a quick pace on the front end of the race to the benefit of a stablemate who is a closer.