Wagering on the horsetrack

Betting in the horse track has emerged as the most important phenomenon within the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance given to this is certainly obvious because horse track is the place nearest to the race where the viewer can feel the actual excitement and nervousness of the sport. Horse track can be viewed as as 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 beginner is first lured into the game by the excitement, nervousness and popularity of the game and then gets interested in 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 the money and leads some individuals to enormous debts. But, not every person gets in financial trouble. There are some who master the sport as though they were made for this game.

With the evolution of technology, easier plus much 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 feel the need to spend time and fuel to check out the horse track when they can easily earn money sitting in the home. For any beginner, it is essential to understand some basics used on the race track to ensure that he receives a fair perception of the game. Many articles and books have 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 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 in the correct order while
QUINELLA differs from exacta in the regard that there’s no need for an order in it.
TRIFECTA is really a bet on the first, second as well as the third horses in the given race while
TWIN TRIFECTA is the same for two consecutive races.
SUPERFECTA would be the bet on the first four horses in the race.
ODD/EVEN is the bet based on the number of the winning horse, i.e. number of WIN.

The horse track management is also very simple. 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.