Today's NZH - Phar Lap Raceway Horse Racing Picks

Across the Board

Refers to betting on a horse to finish first, second, and third to cover any of those scenarios happening during a race

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).

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.