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Horse Racing Basic Terms
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.
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).
Bullet
A bullet, or bullet workout, is a workout that was clocked as the best time for a certain distance on a given day.