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Handicap

A race where a handicapper has assigned weights to be carried by all runners on the basis of their past racing efforts.

Bobble/Stumble

A slip or a duck from a horse trying to leave the starting gates, often caused by the surface giving way under the feet. This can range from a mild misstep to a stumble down to their knees.

Exacta

A bet selecting the first and second horses in a race in the correct order. An exacta box refers to paying a little more to ensure they can finish in either order.