Paddock

The area where horses gather before the race to be saddled and paraded for the public.

Fractions

The times recorded during the race; with timing starting just past the gate or when the gates open, then parroted for the quarter, half, three-quarters etc. Used as an indication of ability and speed.

Show Wager

Betting on a horse to finish in the first three spots, which pays out the same whether they win or run second or third.