Betting in the horse track has emerged as the most important phenomenon in the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance directed at 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 as a pilgrimage venue for the betters who risk their money in order to win huge profits and a majority of them do win huge profits.
As normally observed a newcomer is first lured into the game by the excitement, nervousness and popularity of the game and later gets serious about the activity. 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 an addiction for the money and leads some individuals to enormous debts. But, not every person gets in debt. There are some who master the sport as though these people were created for this game.
With the evolution of technology, easier plus much more convenient styles of betting such as online betting and software like BetAngel have also 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 bit. Now, people don’t feel the need to spend time and fuel to check out the horse track when they can easily make money sitting at the home. For a beginner, it is important to understand some basics used on the race track so that he gets a fair idea of the game. Many articles and books have been authored 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 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 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 need for an order in it.
TRIFECTA is really a bet on the first, second as well as the third horses in a given race while
TWIN TRIFECTA is the identical for 2 consecutive races.
SUPERFECTA would be the bet on the first four horses within the race.
ODD/EVEN will be the bet depending 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 takes out his share of the money and the balance is returned to the winners.