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).

Bute

Shortened word for phenylbutazone, the common non-steroidal medication legal at most racetrack.

Tack

The equipment the horse wears, including saddle and bridle. A jockey typically has their own racing saddle, placed on each horse they ride just before the race.