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