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Horse Racing Basic Terms

Handicap

A race where a handicapper has assigned weights to be carried by all runners on the basis of their past racing efforts.

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