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Underlay
A horse that is going off at lower odds than it deserves based on performance.
Fractions
The times recorded during the race; with timing starting just past the gate or when the gates open, then parroted for the quarter, half, three-quarters etc. Used as an indication of ability and speed.
Blinkers
A hood worn on a horse’s head to limit side vision, which can improve concentration. Blinkers are added or removed to relax a horse or give it more focus.