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Horse Racing Basic Terms

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).

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.

Bolt

A sudden veering to the inside or outside rail, often caused by the horse spooking or shying from something.