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unknown-track - Race 9

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Horse Racing Basic Terms

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.

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.