Betting on 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 a lot like gambling. The amount of importance given to this is certainly obvious because horse track is the place nearest to the race in which the viewer can feel the exact excitement and nervousness from the sport. Horse track can be viewed as as a pilgrimage venue for the betters who risk their funds as a way to win huge profits and a greater part of them do win huge profits.

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

With the evolution of technology, easier and more convenient styles of betting such as online betting and software like BetAngel have in addition 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 bit. Now, people don’t consider it wise to spend time and fuel to visit the horse track when they can easily make money sitting in the home. For any beginner, it is important to understand some basics used at the race track to ensure that he gets a fair idea of the game. Many articles and books have been authored by experts to teach beginners.

WIN, PLACE and SHOW are the horses that respectively come first, second and third in the race.
DAILY DOUBLE could be the bet about 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 no one wins this race, the winner will be the one who 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 is no requirement for an order in it.
TRIFECTA is a bet on the first, second as well as the third horses in the given race while
TWIN TRIFECTA is the same for two consecutive races.
SUPERFECTA would be the bet on the first four horses in the race.
ODD/EVEN is the bet based on the number of the winning horse, i.e. amount of WIN.

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