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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.
Allowance Race
A race with non-claiming conditions set by the racing secretary. They are meant to be a step down from stakes racing.
Main Track Only
A horse entered for main track only (MTO) is one hoping the weather forecast or track conditions will move the race off the turf course and onto the main track. They are scratched the morning of the race if the conditions stay dry.