a plot of ground, usually oval, laid out for horse racing.
the course for any race.


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World English Dictionary
racetrack (ˈreɪsˌtræk)
1.  a circuit or course, esp an oval one, used for motor racing, speedway, etc
2.  chiefly (US), (Canadian) Also called: racecourse a long broad track, usually of grass, enclosed between rails, and with starting and finishing points marked upon it, over which horses are raced

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Example sentences
There's no shortage of people at the barstool or racetrack that would be more
  than happy to have some company.
Visitors with tents can camp in the oval of the town's racetrack.
It offers visitors a variety of historic attractions, as well as a casino and
Switching leads is a skill necessary for success on an oval racetrack.
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