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).

Dead Heat

Two or more horses finishing so close at the wire, that they were unable to be separated on a photo finish and deemed to have tied.