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

Layoff

Sports; Horse racing

Bets made by one bookmaker with another bookmaker, in an effort to reduce his liability in respect of bets already laid by him with investors.

Leg in

Sports; Horse racing

To nominate one runner to win with a selection of other runners. This is possible on Forecast, Quinella, Trifecta, Quartet and Superfecta (eg. Quinella bet with selection 4 to win, from runners 5, ...

Length

Sports; Horse racing

A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race. For example, "Secretariat won the Belmont by 31 lengths".

Mile rate

Sports; Horse racing

In harness racing it is the approximate time a horse would have run per mile (1609 meters).

Minus pool

Sports; Horse racing

A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet. ...