AU - Werribee

Location:AUS

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Horse Racing Basic Terms

Underlay

A horse that is going off at lower odds than it deserves based on performance.

Daily Double

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

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).