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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.

Bute

Shortened word for phenylbutazone, the common non-steroidal medication legal at most racetrack.

Workout

A workout is a timed sprint over varying distances prior to a race, meant to get a horse fit enough for competition.