The International Agreement on Breeding, Racing and Wagering is a voluntary agreement designed for the guidance of recognised Racing and Breeding authorities. Statutory authority: Racing, PariMutuel Wagering and Breeding Law, sections 103(2), 104(1) and (19).The breeding funds should be promoting horse racing and with all the money they have they should make a grant to OTB to help promote horse. A fee to a jockey in a race must be paid in the absence of a special agreement. 30.307 Jockey betting. New York Racing, Pari-Mutuel Wagering and Breeding Law PML NY RAC PARI-M Section 1367. Read the code on FindLaw. This is because of the close relationship between the breeding and racing communities of the two countries. "Horse race meeting. BRIDGE-JUMPER- Someone who makes large show bets on short-priced favorites.