Betting 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 actually a lot like gambling. The amount of importance given to this is obvious because horse track is the place closest to the race in which the viewer can feel the exact excitement and nervousness from the sport. Horse track can be considered as a pilgrimage venue for the betters who risk their money 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 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 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 some who master the game as though they were created for this game.

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 bit. Now, people don’t feel the need to spend time and fuel to visit the horse track when they can easily earn money sitting in the home. For a beginner, it is important to understand some basics used on the race track so that he receives a fair idea of the game. Many articles and books have already 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 on 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 six consecutive races. If not one person 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 in the correct order while
QUINELLA differs from exacta in the regard that there is no requirement 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 same for two consecutive races.
SUPERFECTA is the bet on the first four horses in 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 additionally very easy. It works on the principle that is similar to 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 given back to the winners.