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Bullet
A bullet, or bullet workout, is a workout that was clocked as the best time for a certain distance on a given day.
Workout
A workout is a timed sprint over varying distances prior to a race, meant to get a horse fit enough for competition.
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.