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).

Allowance Race

A race with non-claiming conditions set by the racing secretary. They are meant to be a step down from stakes racing.

Superfecta

A wager involving choosing the first, second, third, and fourth horses in one race in the exact order. A superfecta box involves paying more to ensure they can finish in any order in the top four spots.