Wagering 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 given to this is obvious because horse track is the place nearest to the race in which the viewer can feel the actual excitement and nervousness of the sport. Horse track can be viewed as being a pilgrimage venue for the betters who risk their funds in order 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 by the excitement, nervousness and popularity of the game and then gets interested in the sport. 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. Here is when the excitement and passion becomes an addiction for money and leads some individuals to enormous debts. But, not every person gets in financial trouble. There are some who master the game as though these people were created for this game.

Together with the evolution of technology, easier and more convenient forms of betting such as online betting and software like BetAngel have in addition 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 waste time and fuel to visit the horse track when they can easily make money sitting at the home. For any beginner, it is important to understand some basics used on the race track so that he receives a fair idea of the game. Many articles and books have already 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 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 six consecutive races. If not one person 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 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 and the third horses in a given race while
TWIN TRIFECTA is the identical for two consecutive races.
SUPERFECTA would be 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 additionally very simple. It functions on the principle that resembles an insurance company. The entire money collected is divided into pools. The agent or the race track removes his share of the money and the balance is given back to the winners.