Betting in the horse track has emerged as being 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 closest to the race where the viewer can feel the actual excitement and nervousness of the sport. Horse track can be considered as 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 serious about the activity. As soon as the initial excitement dies and the person learns something in regards to the sport, he switches onto more profitable modes of the sport, i.e., betting. This 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 financial trouble. There are several who master the sport as if these people were created 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 consider it wise to spend time and fuel to visit the horse track when they can easily earn money sitting at the home. For a beginner, it is essential to understand some basics used at the race track to ensure that he gets a fair idea of the sport. Many articles and books have been written by experts to instruct 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 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 is 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 is different from exacta in the regard that there’s no need 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 2 consecutive races.
SUPERFECTA would be the bet on the first four horses within the race.
ODD/EVEN is the bet based on the number of the winning horse, i.e. amount of WIN.
The horse track management is also very easy. It functions on the principle that resembles an insurance company. The entire money collected is divided into pools. The agent or the race track takes out his share of the money and the balance is given back to the winners.