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Horse Racing Basic Terms
Stakes Race
Stakes Races are known as better class races, with higher purses and often accompanies by trophies.
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).
Across the Board
Refers to betting on a horse to finish first, second, and third to cover any of those scenarios happening during a race