| Definition | Term |
| Wager calling for the selection of winners of two consecutive races. | |
| Wagering on the exact order of finish of the first two horses. | |
| A horse going off at a higher price than he appears to warrant based on his past | |
| Wager requiring the player to choose the first two finishers, in either order. | |
| Using the winnings from one bet to place the next bet. | |
| Wager where you have to pick the first four finishers in exact order. | |
| Second position at finish. | |
| Third position at the finish. | |
| Wager picking the first three finishers in exact order. | |
| Betting a horse to win only. | |
| A horse racing at shorter odds than he should. | |