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There is basic terminology for horse racing in betting on the daily card at the live track. These terms are broken down into the horse, the horse race and the horse bets.
The Horses
Blinkers are often used to improve the horse’s vision and focus. The area is a cup-shaped device placed around the eyes and nose that limits a horse’s vision.
Past Performance is a term given to a horse’s records of performance, earnings, blood lines and other statistical data.
The Closer is a horse that runs better in the latter portions of the race. They come off the pace set by the leader.
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The Front Runner is a horse that will attempt to get the lead in the start of the race. They also will attempt to keep the lead through the entire race.
The Pace Setter is the horse that is leading the way through the race.
Dam is the mother of the horse.
Sire is the father of the horse.
The Horse Race
The Allowance race is determined by certain conditions such as the horse’s age, sex and/or past performance. For example, the allowance is a non-winner of two separate races other than a maiden race or claiming race.
The Claiming race is when each horse that is entered can be claimed at a set purchases price. The Graded race is guaranteed to offer a $100,000 or more as part of the prize purse. The horse race has to be run at least twice (each year) under similar conditions.
The Stakes race is where an owner has paid a fee to enter the horse in the field. Some stakes races are by invitation and no payment or fee.
Handicap is a racing type that each horse carries different weights and it is allocated by the handicapper.
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The Length is a quantitative measurement of one horse leading the field by another horse.
The Post Positions is the number of the starting gate in the race of the horse and their jockey.
Off-Track is a wet horse track with sloppy conditions. The off-track term can also be a facility or venue that is a simulcast view with live racing from the actual horse track.
A Furlong is 1/8 of a mile.
Silks are the name given to a jockey’s cap and jacket in a horse race.
Horse Racing Bets
Across the Board is a bet on the horse to win, place and show in the race.
Box Exacta is a term that bets two horses coming in first and second place in any order. The Box Trifecta is any three horses coming in first, second and third.
Chalk is betting the favorite horse in a race.
The Daily Double is betting two consecutive races in the daily card.
The Exacta is betting on the first place horse and second place horse in the same race. The first three positions in a horse race is called the Trifecta and the first four positions is called the Superfecta.
Exotic Bets are any other wagers except for the win, place and show positions. The Daily Double and the Exacta are two types of Exotic Bets.
The Handle is the amount of total money in a pari-mutuel money pool.
In the Money is betting on the win, place and show positions in a horse race.
The Morning Line is the starting odds of a handicapper at the horse racing track.
On the Board is a phase given to the first, second and third place horse in a race.
Pari-Mutuel is a betting term that totals-up the money in the separate pool in each race of the daily card. Pari-mutuel horse race betting money pools have the deduction of track fees and state taxes.
Parlay is a multiple horse race bet that combines the wagers on a certain number of races in the daily card.
Pick 3 is a parlay bet of three consecutive races in the daily card at the horse track. The parlay wager can be extended for a Pick 4, Pick 5 and Pick 6 of consecutive races in the card.
The Wheel is a betting term that uses one horse to win the race and multiple horses to finish second and/or third.
Win, Place and Show positions in a horse race determine who is first, second and third in that race.
