Wagering at the horsetrack

Betting at the horse track has emerged as the most significant phenomenon in the adventurous, entertainment-filled sport of horseracing. It is actually similar to gambling. The amount of importance given to this is obvious because horse track is the place nearest to the race where the viewer can feel the exact 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 to the game because of the excitement, nervousness and popularity of the game and later gets interested in the activity. After 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 people to enormous debts. But, not every person gets in debt. There are several who master the sport as if they were made for this game.

With the evolution of technology, easier and more convenient styles of betting including 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 little. Now, people don’t feel the need 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 important to understand some basics used at the race track so that he gets a fair idea of the game. Many articles and books have been authored by experts to teach 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 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 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 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 identical for two consecutive races.
SUPERFECTA is the bet on the first four horses within the race.
ODD/EVEN is the bet depending on the number of the winning horse, i.e. number of WIN.

The horse track management is also 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 removes his share of the money and the balance is returned to the winners.