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).

State-Bred

A horse bred in a particular state and thus eligible to race in restricted state-bred races. These can be anything from maiden races to stakes events.

Allowance Race

A race with non-claiming conditions set by the racing secretary. They are meant to be a step down from stakes racing.