This is money taken out of the betting pool that covers the cost of the races including taxes, betting duties, operating expenses, purses for races, and profits for the operator. In some jurisdictions, the government may also receive a share of the takeout.
The electronic sign on the infield that displays odds, betting pools, and racing information.
A bet that chooses the 3 horses – 1st, 2nd and 3rd in exact order.
A bet where the 3 horses chosen must finish 1st, 2nd, or 3rd – in any order in the same race.