unknown-track - Race 5
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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.
Condition Book
A list of upcoming races issued by the racing secretary, where the conditions of races to be run over the next few weeks are written.
Minus Pool
A pari-mutuel pool – typically a show pool - where one horse is so heavily bet that after deductions there is not enough money left to cover the prescribed minimum on each bet.

