1) If you enter for $50k tag and haven't won in a month you carry 120lbs. If you enter for 45K tag and haven't won in a month you carry 118lbs. If you enter for 40k tag you carry 116lbs. it's a handicap to horses who enter for less than 50k.
2) it means that the jockey is a 7lbs bug rider. That's why the horse carries 113 instead of 120. It's an apprentice weight allowance.
In other words, if the #1 horse was entered for a 40k claiming tag and with a 7lbs bug riding, he'd only have to carry 109lbs. Because he was entered for 50k, he carries 113lbs.
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