Betting at the horsetrack

Betting in the horse track has emerged as being the most important phenomenon within the adventurous, entertainment-filled sport of horseracing. It is actually similar to gambling. The amount of importance directed at this is certainly obvious because horse track is the place closest to the race where 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 sport and later gets serious about the activity. As soon as the initial excitement dies and the person learns something about the sport, he switches onto more profitable modes of the sport, i.e., betting. Here is when the excitement and passion becomes an addiction for the money and leads some people to enormous debts. But, not every person gets in financial trouble. There are several who master the sport as though these people were created for this new horse racing game.

Together with the evolution of technology, easier and 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 spend time and fuel to visit the horse track when they can easily earn money sitting in the home. For any beginner, it is important to understand some basics used on the race track to ensure 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 is 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 differs from exacta in the regard that there’s no need for an order in it.
TRIFECTA is 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 is 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. number of WIN.

The horse track management is also very easy. It works 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.