Betting in the horse track has emerged as being the most significant phenomenon within the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance directed at this is obvious because horse track is the place nearest to the race in which the viewer can feel the actual excitement and nervousness of the sport. Horse track can be considered being a pilgrimage venue for the betters who risk their funds as a way to win huge profits and a majority of them do win huge profits.
As normally observed a beginner is first lured into the game by the excitement, nervousness and popularity of the game and later gets interested in the activity. As soon as the initial excitement dies and the person learns something in regards to the sport, he switches on to more profitable modes of the sport, i.e., betting. Here is when the excitement and passion becomes an addiction for money and leads some individuals to enormous debts. But, not every person gets in financial trouble. There are some who master the game as if they were created for this game.
With the evolution of technology, easier and more convenient forms of betting such as 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 don’t consider it wise to spend 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 on the race track so that he receives a fair idea of the sport. Many articles and books have 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 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 no one wins this race, the winner will be the one that picks accurate horses for five consecutive races.
EXACTA would be the bet on the first and second horses while in the correct order while
QUINELLA differs from exacta in the regard that there is no need for an order in it.
TRIFECTA is really a bet on the first, second and 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 within the race.
ODD/EVEN will be the bet based on the number of the winning horse, i.e. number of WIN.
The horse track management is also very simple. It works on the principle that resembles an insurance company. The total money collected is divided into pools. The agent or race track takes out his share of the money and the balance is returned for the winners.