Betting at the horsetrack

Betting at the horse track has emerged as the most important phenomenon in the adventurous, entertainment-filled sport of horseracing. It is a lot like 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 from the sport. Horse track can be viewed as being a pilgrimage venue for the betters who risk their funds as a way to win huge profits and a majority of them do win huge profits.

As normally observed a beginner is first lured to the game by the excitement, nervousness and popularity of the sport and then gets serious about the sport. 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 the 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 created for this newhorseracing game.

Together with the evolution of technology, easier and more convenient styles of betting such as 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 consider it wise to spend time and fuel to check out the horse track when they can easily earn 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 perception of the sport. Many articles and books have been written by experts to teach beginners.

WIN, PLACE and SHOW are the horses that respectively come first, second and third in the race.
DAILY DOUBLE is 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 six consecutive races. If no one wins this race, the winner will be the one who picks accurate horses for five consecutive races.
EXACTA would be 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 a bet on the first, second as well as the third horses in the given race while
TWIN TRIFECTA is the identical for two consecutive races.
SUPERFECTA would be the bet on the first four horses within 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 functions on the principle that resembles an insurance company. The total money collected is divided into pools. The agent or the race track removes his share of the money and the balance is returned to the winners.