The wagering format which allows each player to compete against the other players ('among ourselves') rather than against the track.Ī wagering technique whereby the bettor reinvests the proceeds from a wager in one race into another race or races. Odds that are less than even money ($1 to $1) The track handicappers' estimate of the probable payoffs for each horse at post time. The total amount wagered on a race or on a day's races. The odds displayed on the tote board after wagering closes.Ī wager whereby the bettor must select the winners of two consecutive races, usually the first and second races, prior to the first race. Three equal wagers placed on one horse to win, place and to show.