1931 Autumn Handicap race at Shanghai Race Club

The video covers a major horse race in Shanghai, highlighting the excitement and cultural aspects of gambling in China. It introduces Manchurian ponies, discusses the betting scene, and follows the race's progress, focusing on the favorite, Firefly. The race concludes with a close finish and a significant prize for the winner.

What event are Shanghai's racing enthusiasts attending?

What type of ponies are mentioned as the latest in the Far East?

What does the text imply about gambling in China?

What is the significance of the amount $150,000 in the context of the race?

Describe the final moments of the race as mentioned in the text.