unknown-track - Race 4

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.

Fractions

The times recorded during the race; with timing starting just past the gate or when the gates open, then parroted for the quarter, half, three-quarters etc. Used as an indication of ability and speed.