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unknown-track - Race 14

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Horse Racing Basic Terms

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).

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

Overlay

A horse going off at higher odds than his recent efforts show that he deserves.