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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.
Lasix
A medication for the treatment of bleeding in horses that is legal in North America, but not all worldwide jurisdictions.