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