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Horse racing terms and horse betting terms glossary for off track betting. horse racing terminology, jargon, slang, vocabulary for online horse betting.. From betting on horse racing for dummies. by richard eng . people have been betting on horse races since horses have been running. betting on the outcome of formal. Horse racing party kit for birthdays, corporate events, team building, fundraisers, etc. two folding “wagering” windows; play money (horse bucks) betting slips;.