The International Agreement on Breeding, Racing and Wagering is a voluntary agreement designed for the guidance of recognised Racing and Breeding authorities. Exhibit 4International Federation of Horseracing Authority, International Agreement on Breeding, Racing and Wagering.OTBs are required to pay out nearly 13 cents of every dollar wagered to the racing industry, the State and participating local governments. The purposes of the Pennsylvania Race Horse Testing Program are to analyze samples for the presence in race horses of any medication. Justia US Law US Codes and Statutes New York Code 2006 New York Code Racing, Pari-Mutuel Wagering and Breeding Law Simulcast Of Horse Races Binding Arbitration. Racing and Wagering. This is because of the close relationship between the breeding and racing communities of the two countries. BRIDGE-JUMPER- Someone who makes large show bets on short-priced favorites. BROODMARE- Female Thoroughbred used for breeding.