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unknown-track - Race 2

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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).

Morning Line

An approximation of expected odds in a race, quoted before actual odds are determined.

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.