Today's NZ - Wanganui Horse Racing Picks

Pari-Mutuel

A pool style wagering system, where all money input through betting is divided among those with winning tickets (save for various deductions by the track operators).

Stakes Race

Stakes Races are known as better class races, with higher purses and often accompanies by trophies.

Underlay

A horse that is going off at lower odds than it deserves based on performance.