Wagering on the horsetrack

Betting in the horse track has emerged as the most significant phenomenon within 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 into the game because of the excitement, nervousness and popularity of the sport and then gets interested in the activity. After 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. This is when the excitement and passion becomes an addiction for money and leads some people to enormous debts. But, not every person gets in debt. There are some who master the game as though they were made for this game.

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 failed to keep its prestigious position in the field although its popularity has staggered a bit. Now, people do not consider it wise to waste time and fuel to visit the horse track when they can easily make money sitting in the home. For a beginner, it is essential 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 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 no one wins this race, the winner will be 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 differs from exacta in the regard that there’s no requirement 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 same for two consecutive races.
SUPERFECTA would be the bet on the first four horses within the race.
ODD/EVEN will be the bet based 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 is similar to an insurance company. The total money collected is divided into pools. The agent or race track removes his share of the money and the balance is returned to the winners.