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Horse Racing Basic Terms
Morning Line
An approximation of expected odds in a race, quoted before actual odds are determined.
Show Wager
Betting on a horse to finish in the first three spots, which pays out the same whether they win or run second or third.
Exacta
A bet selecting the first and second horses in a race in the correct order. An exacta box refers to paying a little more to ensure they can finish in either order.