Betting in the horse track has emerged as the most significant phenomenon in the adventurous, entertainment-filled sport of horseracing. It is a lot like gambling. The amount of importance given to this is certainly obvious because horse track is the place closest to the race where the viewer can feel the exact excitement and nervousness from the sport. Horse track can be considered being a pilgrimage venue for the betters who risk their funds in order to win huge profits and a majority 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 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. Here is when the excitement and passion becomes an addiction for money and leads some people to enormous debts. But, not every person gets in financial trouble. There are some who master the sport as if they were made for this game.
Together with the evolution of technology, easier and more convenient forms of betting such as online betting and software like BetAngel have in addition 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 do not consider it wise to spend time and fuel to visit the horse track when they can easily make money sitting in the home. For a beginner, it is essential to understand some basics used at the race track to ensure that he receives a fair perception 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 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 not one person wins this race, the winner will be the one who 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 is no requirement for an order in it.
TRIFECTA is 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 is the bet depending on the number of the winning horse, i.e. number of WIN.
The horse track management is also very easy. It functions around the principle that is similar to an insurance company. The total money collected is split into pools. The agent or the race track takes out his share of the money and the balance is given back for the winners.