Horse racing

Horse racing

Also called equestrian sport. There are three types of horse racing: flat field racing; steeplechasing or racing over jumps; and harness racing, where horses trot or pace while pulling a driver in a small cart known as a sulky. Horse racing is closely associated with gambling generating a worldwide market of well over U.S. $100 billion.

Industry: Sports

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Horse racing

Arbitrage

Sports; Horse racing

Where a variation in odds available allows a punter to back both sides and guarantee a win.

Approximates

Sports; Horse racing

The approximate price a horse is quoted at before a race begins. Bookmakers use these approximates as a guide to set their boards.

Backed

Sports; Horse racing

A 'backed' horse is one on which lots of bets have been placed.

Backstretch

Sports; Horse racing

The straight way on the far side of the track.

Trifecta

Sports; Horse racing

A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. S. ('Tricast' in the UK. )

Trail

Sports; Horse racing

Racing immediately behind another horse. A trail is also known as a sit.

Tote board

Sports; Horse racing

The (usually) electronic totalizator display in the infield which reflects up-to-the-minute odds. It may also show the amounts wagered in each mutuel pool as well as information such as jockey and ...