On the nose: A placed bet for a horse to win only
MTP: Abbreviation of Minutes to Post which is the amount of minutes prior to post time.
Jackpot: This word is mostly honey to ears of most bettors. In order to get the jackpot, bettors must pick 6 winners in six races to share in a jackpot prize. Rules and prizes will vary from race track to race track or sportsbook to sportsbook.
Paddock: The area at the race track where the horses are saddled and viewed prior to a race.
Scratch: A term they call a horse that withdrew from the race
Pick Six: A wager where a bettor pick six winners in six consecutive races with variations of Pick five and Pick Four.
Thoroughbred: Horse whose lineage traces back to three founding sires: Darley Arabian, Byerly Turk or Godolphin Barb.
Tout: A person who offers horse betting racing picks before a race starts.
Yearling: A one year old colt or filly, just a year away from being a racing horse.
Overlay: A horse that is over-valued based on past performances that don’t represent the inflated value.
Underlay: The opposite of overlay, a horse that faces longer odds than should be offered based on past performance.
Photofinish: A race result that requires official inspection of a finish line camera to see the order in which the horses finished.
Parlay: The method of taking the winnings from one bet to place another bet.
Odds-on: The odds of less than even money. Also known as the most favored horse before a race starts.
Objection: A foul or infraction of racing rules called by a jockey, patrol judge, or other track official.
Oaks: This the event of graded stakes for 3 year old fillies or female horses.
Morning Line: Odds horses in a race figured by a track’s handicapper in the morning prior to the start of a horse race.
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