A set amount of horses participate in each race. Every horse owner can participate in a hippodrome race for a set fee. The hippodrome selects its participants by pre-set parameters. The winning horse collects 70% (15% to Holders , 15% to marketings of $HORSEDRACE) of all participant fees and additional prizes.
The races are based on RNG technology, therefore the winner of the race is random. The speed and stamina parameters play a role - it might influence the win but does not guarantee it.
Each speed parameter point gives a chance to win diluted by the total amount of participants’ speed sum. The RNG algorithm is widely used in video games, statistical sampling, computer simulation, cryptography, etc.