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unknown-track - Race 5

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Horse Racing Basic Terms

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.

Daily Double

A wager on two consecutive races on the card where bettors have to pick both winners.