Betting on the horsetrack

Betting at the horse track has emerged as 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 closest to the race in which the viewer can feel the actual excitement and nervousness of the sport. Horse track can be considered being a pilgrimage venue for the betters who risk their money 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 onto more profitable modes of the sport, i.e., betting. Here is when the excitement and passion becomes a dependancy for money and leads some people to enormous debts. But, not every person gets in financial trouble. There are several who master the game as if they were made 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 little. Now, people don’t feel the need to waste time and fuel to check out the horse track when they can easily earn money sitting in the home. For a beginner, it is essential to understand some basics used at the race track so that he gets a fair idea of the game. Many articles and books have already 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 is the bet on 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 that picks accurate horses for five consecutive races.
EXACTA would be 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 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 2 consecutive races.
SUPERFECTA is 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 easy. It works on the principle that resembles an insurance company. The total money collected is split into pools. The agent or race track takes out his share of the money and the balance is returned for the winners.