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| ON THE NOSE | Betting a horse to win only. |
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| OSSELETS | Bony growth on the fetlock or ankle joint resulting in inflammation of the enveloping membrane of the bone. |
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| OVER-RACING | When a horse is so eager to go forward it is fighting the jockey's attempts to restrain it and often gallops up onto the rear hooves of the horse in front ot it. |
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| OVER-REACHING | When the toe of a horse's hind shoe strikes its forelegs on the heel, or back of the coronet. |
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| OVERLAND | Racing wide throughout; outside other horses. |
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| OVERLAY | A horse at a higher price than he appears to warrant based on his ability. |
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| OVERWEIGHT | When a horse carries extra because the rider cannot make the required weight. |
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| PADDOCK | Area where the horses parade for public inspection and are mounted before moving to the starting barriers. |
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| PARI-MUTUEL | : Form of wagering that originated in France in which all money bet is divided up among those who have winning tickets, after taxes and the club's percentage is deducted. |
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| PAST PERFORMANCES | A record of a horse's race performances used by bettors and handicappers as a basis for making selections. |
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| PATROL JUDGES | Officials who observe progress of race from various vantage points around the track. |
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| PENALTIES | Extra handicap weight assigned to a horse, usually because it has won or placed since the original handicaps were posted. |
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| PHOTO FINISH | A result so close it is necessary to use a finish-line camera to determine the rder of finish. |
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| PICK SIX | Type of wager in which the winners of six nominated races must be selected on one ticket. In UAE is is known as the Six Up, with two dividends declared - one for selection of either the first or second-placed horses in each of the six races, and the second - the Six-Up Bonus, for selection of all six winners. If there is no winning ticket, the bonus pool jackpots to the equivalent meeting the next week. |
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| PLACE | Finish in one of the first three positions in a race. In the US, to finish second. |
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| PLACE BET | Wager on a horse to finish first, second or third. In the US, to finish first or second. |
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| PLATES | Shoes horses wear in races. Racing plates. |
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| POCKET | Trap a horse with others in front and beside him, so that there is no way for him to progress forward. |
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| POLE | Markers at measured distances around the track, marking the distance from the finish. |
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| POOL | Where the amounts wagered on a particular type of bet (such as the Six-Up) are kept in a separate "pool", to be divided only among the winners of that bet, as in the win pool, triple trio pool, quinella pool, etc. Also, the total sum bet on a race. |
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| POST | Starting point. Also can refer to winning post. "Post time" is the time set down for the start of a race. |
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| POST PARADE | Horses going from paddock to starting gate past the grandstands. |
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| POST POSITION | Same as barrier position or draw - position of stall in the starting gate from which a horse starts. |
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| POST TIME | Designated time for race to start. |
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| PREP (or PREP RACE) | PREP (or PREP RACE)A workout or a race to prepare a horse for a future engagement. |
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