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Allowance Race
A race with non-claiming conditions set by the racing secretary. They are meant to be a step down from stakes racing.
Claiming Race
A race in which horses are entered for a certain price, or claiming tag, which is also their sales price. An owner can claim any horse entered for the tag before the race begins, and owns them as soon as the gates open.
Silks
The colorful jacket and cap worn by a jockey which features the design of the owner.