Today's AU - Carnarvon Horse Racing Picks

Underlay

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

Condition Book

A list of upcoming races issued by the racing secretary, where the conditions of races to be run over the next few weeks are written.

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).