Racial preference is defined as favoring or choosing one group or individual over another based on race. Ethnic preference is often tied in, but less common since ethnicity is not always as easy to discern.

Example:
Basketball Player 1: "Sheeit guess the coach had to pick and choose with them two new boys"

Basketball Player 2: "Come on, Homie. Choice was obvious. Everyone knows white boys can't jump."

Basketball Player 1" Fuck, dude. I didn't know you'd be getting all racial preference on me."
by Stingy Meatballs November 8, 2015
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