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Horse Racing Basic Terms

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.

Across the Board

Refers to betting on a horse to finish first, second, and third to cover any of those scenarios happening during a race

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).