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State-Bred
A horse bred in a particular state and thus eligible to race in restricted state-bred races. These can be anything from maiden races to stakes events.
Bullet
A bullet, or bullet workout, is a workout that was clocked as the best time for a certain distance on a given day.
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.