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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.

Underlay

A horse that is going off at lower odds than it deserves based on performance.

Rabbit

Also known as a pacemaker; this is a horse with no expected chance of winning but is used to prompt a quick pace on the front end of the race to the benefit of a stablemate who is a closer.