Betting at the horse track has emerged as being the most significant phenomenon in the adventurous, entertainment-filled sport of horseracing. It is 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 exact excitement and nervousness of the sport. Horse track can be viewed as being a pilgrimage venue for the betters who risk their money 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 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 debt. There are some who master the game as though they were made for this game.
Together with the evolution of technology, easier and more convenient forms of betting including 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 little. Now, people do not 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 to ensure that he gets a fair perception of the sport. Many articles and books have already 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 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 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 as well as the third horses in the given race while
TWIN TRIFECTA is the same 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 additionally very simple. It works around 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 given back to the winners.