Betting at the horsetrack

Betting in the horse track has emerged as being the most significant phenomenon in the adventurous, entertainment-filled sport of horseracing. It is actually similar to gambling. The amount of importance given to this is certainly obvious because horse track is the place nearest to the race where the viewer can feel the actual excitement and nervousness of the sport. Horse track can be considered being a pilgrimage venue for the betters who risk their money in order to win huge profits and a majority of them do win huge profits.

As normally observed a newcomer is first lured to the game by the excitement, nervousness and popularity of the sport and then gets serious about the activity. As soon as the initial excitement dies and the person learns something about the sport, he switches on to more profitable modes of the sport, i.e., betting. This is when the excitement and passion becomes a dependancy for money and leads some individuals to enormous debts. But, not every person gets in financial trouble. There are some who master the sport as if these people were made for this game.

With the evolution of technology, easier and more convenient forms of betting such as online betting and software like BetAngel have also evolved. But, the betting at the horse track has not failed to keep its prestigious position in the field although its popularity has staggered a bit. Now, people don’t consider it wise to spend time and fuel to visit the horse track when they can easily earn money sitting at the home. For any beginner, it is important to understand some basics used at the race track so that he receives a fair perception of the sport. Many articles and books have been written by experts to instruct beginners.

WIN, PLACE and SHOW are the horses that respectively come first, second and third in the race.
DAILY DOUBLE could be the bet on the first horse in 2 consecutive races while
DAILY TRIPLE is the bet on the first position for three consecutive races.
PICK SIX is the same bet for 6 consecutive races. If not one person wins this race, the winner will be the one that picks accurate horses for five consecutive races.
EXACTA is the bet on the first and second horses in the correct order while
QUINELLA is different from exacta in the regard that there is no requirement for an order in it.
TRIFECTA is really a bet on the first, second as well as the third horses in a given race while
TWIN TRIFECTA is the same for two consecutive races.
SUPERFECTA would be the bet on the first four horses within the race.
ODD/EVEN will be the bet depending on the number of the winning horse, i.e. amount of WIN.

The horse track management is also very simple. It works on the principle that resembles an insurance company. The total money collected is divided into pools. The agent or race track takes out his share of the money and the balance is returned to the winners.