Betting in the horse track has emerged as the most significant phenomenon within 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 actual excitement and nervousness of the sport. Horse track can be considered as a pilgrimage venue for the betters who risk their funds 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 by the excitement, nervousness and popularity of the game and later gets serious about the sport. After the initial excitement dies and the person learns something about the sport, he switches on to more profitable modes of the sport, i.e., betting. This 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 several who master the game as though these people were created for this game.
With the evolution of technology, easier plus much 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 feel the need to spend time and fuel to check out the horse track when they can easily make money sitting at 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 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 two 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 would be the bet on the first and second horses in the correct order while
QUINELLA is different from exacta in the regard that there’s no requirement 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 2 consecutive races.
SUPERFECTA would be 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 additionally very simple. It works on the principle that is similar to an insurance company. The total 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.