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Horses finishing first, second and third in a black-type stakes will qualify for bold (black) type in a pedigree. Many sales catalogs have eliminated the use of black type for stakes below a certain monetary value. If a horse's name appears in boldface type and in all capital letters, the horse has won at least one black-type event. If it appears in boldface type and upper- and lowercase letters, it ran second or third in at least one black-type event.