Wagering on the horsetrack

Betting at the horse track has emerged as being the most important phenomenon in the adventurous, entertainment-filled sport of horseracing. It is actually similar to gambling. The amount of importance directed at this is obvious because horse track is the place closest to the race in which the viewer can feel the exact excitement and nervousness of 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 game 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. Here is when the excitement and passion becomes a dependancy for money and leads some individuals to enormous debts. But, not every person gets in financial trouble. There are several who master the sport as though they were made for this game.

With the evolution of technology, easier and more convenient forms of betting such as 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 don’t consider it wise to waste time and fuel to visit the horse track when they can easily make money sitting in the home. For any beginner, it is important to understand some basics used on the race track so that he receives a fair perception of the game. Many articles and books have 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 about 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 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 requirement for an order in it.
TRIFECTA is really 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 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 around the principle that is similar to an insurance company. The entire money collected is divided into pools. The agent or race track takes out his share of the money and the balance is returned to the winners.