Today's NZ - Phar Lap 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).

Colt

A male horse that is four years of age or under.

Tack

The equipment the horse wears, including saddle and bridle. A jockey typically has their own racing saddle, placed on each horse they ride just before the race.