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Handicap

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

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.

Daily Double

A wager on two consecutive races on the card where bettors have to pick both winners.