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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).

Dead Heat

Two or more horses finishing so close at the wire, that they were unable to be separated on a photo finish and deemed to have tied.

Bute

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