Tack

The equipment the horse wears, including saddle and bridle. A jockey typically has their own racing saddle, placed on each horse they ride just before the race.

Exacta

A bet selecting the first and second horses in a race in the correct order. An exacta box refers to paying a little more to ensure they can finish in either order.

Overlay

A horse going off at higher odds than his recent efforts show that he deserves.