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Horse Racing Basic Terms

Claiming Race

A race in which horses are entered for a certain price, or claiming tag, which is also their sales price. An owner can claim any horse entered for the tag before the race begins, and owns them as soon as the gates open.

Daily Double

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

Stakes Race

Stakes Races are known as better class races, with higher purses and often accompanies by trophies.