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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.
Sloppy
A wet racetrack condition, typically with a firm base and water settling on top.
Bullet
A bullet, or bullet workout, is a workout that was clocked as the best time for a certain distance on a given day.