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Horse Racing Basic Terms
Silks
The colorful jacket and cap worn by a jockey which features the design of the owner.
Allowance Race
A race with non-claiming conditions set by the racing secretary. They are meant to be a step down from stakes racing.
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).