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Yes, tourists can legally participate in horse racing activities in Hong Kong! Hong Kong's horse racing culture has a long history and is one of the most watched horse racing events globally. Below is a comprehensive guide for tourists participating in horse racing activities:

1. Racecourse Information and Opening Hours

Hong Kong has two main racecourses:
- Sha Tin Racecourse: One of the largest racecourses in Asia, usually hosting races on Sundays and some public holidays during the day.
- Happy Valley Racecourse: Located in the Hong Kong Island area, hosting races every Wednesday evening, known for its unique night lights and relaxed atmosphere.
Note: Specific race schedules need to be checked in advance on the Hong Kong Jockey Club (HKJC) official website. The racecourse is not open to the public on non-racing days.

2. Ticket Purchase and Entry Methods

• Visitor Pass: Tourists with valid passports can enter the public stands for free (some special events or areas require tickets).
• Members' Stand Experience: If you wish to enter the members' stand or private boxes, you need to make a reservation through the HKJC official website or contact a travel agency to purchase a package ticket (costing approximately 150-500 HKD, including catering and viewing services).

3. Transportation Guide

• Sha Tin Racecourse: Direct access via the MTR East Rail Line "Racecourse Station" (only open on race days).
• Happy Valley Racecourse: Exit A of MTR Causeway Bay Station, a 15-minute walk or take the tram to "Happy Valley Terminus".
  Tip: On race days, there are free shuttle buses running between multiple locations in the city and the racecourse.

4. Betting Process and Precautions

• Betting Eligibility: Must be at least 18 years old to participate, and a "Visitor Betting Account" needs to be set up at the counter with a passport.
• Betting Methods:
• Cash Betting: Purchase betting slips directly at the counter using Hong Kong dollars.
• Self-service Terminals: English interface supported, accepting cash or Octopus cards.
• Common Bets: Win, Place, Quinella, etc. Staff on-site provide simple guidance.

5. Cost Reference

• Entry Fee: Public stands are free, while members' stands cost about 10-50 HKD (depending on the level of the event).
• Betting Amount: Minimum 10 HKD per bet.
• Catering Expenses: On-site fast food costs about 50-100 HKD per person, restaurant packages start from 200 HKD.

6. Practical Tips

• Dress Code Suggestion: There are no strict dress codes for the public stands, but shorts and slippers are not allowed in the members' stands.
• Language Support: The racecourse provides services in English, Mandarin, and Cantonese, with race commentary mainly in English and Cantonese.
• Best Time for Experience: Recommended international racing season from November to June of the following year (such as the Hong Kong International Races, Champions Day).
• Prohibited Matters: Smoking is prohibited inside the venue, and flash photography is not allowed when taking pictures.

7. Other Recommended Activities

• Racing Museum (at Sha Tin Racecourse): Free visit, learn about Hong Kong's horse racing history.
• Parade Ring: Observe the condition of the competing horses up close before the race.