Today's AU - Launceston 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).

Morning Line

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

Bullet

A bullet, or bullet workout, is a workout that was clocked as the best time for a certain distance on a given day.