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Off Track Betting Glossary

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I   |   J   |   K   |   L   |   M   |   N   |   O   |   P
Q   |   R   |   S   |   T   |   U   |   V   |   W   |   X   |   Y   |   Z




F

Filly

A female horse, age three or under.

First-Over

A horse racing on the outside without another horse directly in front of him or her. A foreshortening of the phrase first overland.

Foal

A newly-born horse. (Noun) The act of giving birth. (Verb)

Furlong

One-eighth of a mile or 220 yards. Races are measured in furlongs.


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G

Gelding

A castrated animal.

Going

The condition of the racecourse (firm, heavy, soft, etc.). Official Jockey Club going reports progress as follows: Heavy - soft - good to soft - good - good to firm - firm.

Green Horse

A horse that has not raced, or has raced only a few times.


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H

Handicap

A race for which a handicapper assigns weights to be carried. Also, to handicap a race, to make selections on the basis of the past performances.

Hand

Four inches. A horse's height is measured in hands and inches from the top of the shoulder (withers) to the ground, e.g., 15.2 hands is 15 hands, 2 inches. Thoroughbreds typically range from 15 to 17 hands.

Horse

A male horse, age four and up.


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I

Inquiry

Reviewing the race to check into a possible infraction of the rules. Also, a sign flashed by officials on the tote board on such occasions. If lodged by a jockey, it is called an objection.

In the Money

Describes the horses in a race that finish 1st, 2nd and 3rd (and sometimes 4th) or the horses on which money will be paid to bettors, depending on the place terms.


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J

Judge

The official who declares the placing for each race.

Juvenile

A two-year-old horse.


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L

Length

A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race.

Long Odds

Odds which are greater than 10:1.


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M

Maiden

A horse (male or female) who has never won a racing purse.

Mare

A female horse, age four and up.

Matinee

A program of racing conducted during the daylight hours.

Morning Line

Approximate odds printed in the program and posted before wagering begins. This is a forecast of how the morning line maker believes wagering will occur in a particular race.

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THE PARIMUTUEL SYSTEM

Parimutuel betting (French for mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.

The parimutuel system was invented by Parisian perfume maker Pierre Oller in 1865 when asked by a bookmaker friend to devise a fair system for bettors which guarantees a fixed profit for the bookmaker.

The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, "automatic totalisator" or "tote board".

The first was installed at Ellerslie Racecouse in Auckland, New Zealand on 1913. Since then totalisators came into widespread use at race courses throughout the world. The first totalisator in the US as installed at Arlington Park, near Chicago, Illinois in 1933.

The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order.

A modified parimutuel system is also used in some lottery games such as Lotto South.

Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at OTB facilities, where players may bet on the events without actually being present to observe them in person.

Parimutuel betting differs from fixed odds betting in that the final payout is not determined until the pool is closed - in fixed odds betting, the payout is agreed at the time the bet is sold.