Today's NZ - Te Teko Horse Racing Picks

Paddock

The area where horses gather before the race to be saddled and paraded for the public.

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.