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Horse Racing Basic Terms

Minus Pool

A pari-mutuel pool – typically a show pool - where one horse is so heavily bet that after deductions there is not enough money left to cover the prescribed minimum on each bet.

Overlay

A horse going off at higher odds than his recent efforts show that he deserves.

Trifecta

A wager picking the first, second and third horses in the exact order. A trifecta box means paying more to ensure the horses can finish in any order in the top three spots.