Today's Hong Kong Happy Valley 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).

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.

Stakes Race

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