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 similar to 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 considered 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 newcomer is first lured into the game because of the excitement, nervousness and popularity of the sport and then gets interested in 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 a dependancy for the money and leads some individuals to enormous debts. But, not every person gets in financial trouble. There are several who master the game 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 waste 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 already 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 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 six 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 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 is the bet on the first four horses in the race.
ODD/EVEN will be 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 is similar to an insurance company. The entire money collected is divided into pools. The agent or the race track removes his share of the money and the balance is returned to the winners.