Protest flag from Oracle.
But no penalty. And we're underway.
Team NZ slightly ahead and the boats up the speed immediately.
Another great start from Dean Barker as Team NZ round mark one in front.
The boats are travelling at 37 knots as Team NZ open a slight lead.
Oracle gybe first, off to the left.
Replays showing the boats barely touched just before the start - hence the protest flag from Oracle.
But with no penalty Team NZ were free to open up another advantage.
The boats at the very left of the course, Oracle tack back to the right but they haven't made up the deficit.
Team NZ clear ahead as we head towards the second mark.
The boats are rather even in speed down-wind, but Team NZ showed their edge up-wind in race one.
The boats approaching gate two now, and around they go with Team NZ slightly in front.
Oracle with a huge nose-dive!
Not quite as dramatic as Team NZ's in the Louis Vuitton Cup, but it will slow them up.
They really dived in as they rounded mark two.
Now on the up-wind leg and Team NZ have a decent lead.
Team NZ travelling a couple of knots faster up-wind.
Oracle staying in touch but Team NZ still hold the edge.
Team NZ sailing at about 20 knots and Oracle unable to make up the deficit.
Oracle head off to the left and they try to haul in Team NZ. They Kiwis follow a similar path.
Team NZ with about a 270-metre lead.
They are definitely the faster boat up-wind - and that is the key to this competition.
Gate three now in sight. Oracle will have to produce some magic to take this race.
The boats heading towards the third mark, where they will turn and head back down-wind.
Team NZ will head to gate three with a sizeable lead.
Team NZ around the third mark. They should make it a successful double today.
Watching the clock and the lead at the third mark is more than 30 seconds.
This race is as good as over. No way Team NZ lose such a huge lead down-wind.