paddock
Area where horses are saddled and paraded before being taken onto the track.
paddock judge
Official in charge of paddock and saddling routine.
paddock/receiving barn
Areas enclosed by a fence or other means, at which all entrances are secured, and entrance to such structure is limited.
pari-mutuel wagering
A form of betting and of handling the betting on horse races at racetracks, in which those holding winning tickets divide the total amount bet in proportion to their wagers, less a percentage for the management, taxes, etc.
parimutuel(s)
A form of wagering originated in 1865 by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Oller called his system “parier mutuel” meaning “mutual stake” or “betting among ourselves.” As this wagering method was adopted in England it became known as “Paris mutuals,” and soon after “parimutuels.”
parlay
A multi-race bet in which all winnings are subsequently wagered on each succeeding race.