Today's FR - ParisLongchamp Horse Racing Picks

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).

Handicap

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

Underlay

A horse that is going off at lower odds than it deserves based on performance.