Definition
A "racetrack tout" is someone who offers tips or advice on which horses are likely to win at a racetrack, often for a fee. These individuals claim to have insider information or a special ability to predict race outcomes. However, their advice is often unreliable, and many are simply scammers trying to make a quick buck. Think of them as fortune tellers of the horse racing world, but with even less credibility. They operate in a gray area, preying on the hopes and naivety of bettors.