Betting at the horsetrack

Betting in the horse track has emerged as being the most important phenomenon in the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance directed at this is obvious because horse track is the place closest to the race in which the viewer can feel the exact excitement and nervousness of the sport. Horse track can be considered being a pilgrimage venue for the betters who risk their money as a way 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 later gets serious about the activity. After the initial excitement dies and the person learns something about the sport, he switches onto 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 debt. There are several who master the sport as though they were made for this game.

Together with the evolution of technology, easier plus much more convenient forms of betting including online betting and software like BetAngel have also evolved. But, the betting at the horse track has not yet failed to keep its prestigious position in the field although its popularity has staggered a little. Now, people don’t feel the need to waste time and fuel to check out the horse track when they can easily make money sitting at the home. For a beginner, it is important to understand some basics used at the race track so that he gets a fair perception of the game. Many articles and books have been authored 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 two 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 is the one that picks accurate horses for five consecutive races.
EXACTA is the bet on the first and second horses while in the correct order while
QUINELLA is different from exacta in the regard that there’s no requirement for an order in it.
TRIFECTA is really a bet on the first, second and the third horses in a given race while
TWIN TRIFECTA is the same for 2 consecutive races.
SUPERFECTA is the bet on the first four horses in the race.
ODD/EVEN is 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 given back to the winners.