Betting in the horse track has emerged as being the most important phenomenon within the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance directed at this is certainly obvious because horse track is the place closest to the race where the viewer can feel the actual excitement and nervousness from 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 majority of them do win huge profits.
As normally observed a newcomer is first lured into the game because of the excitement, nervousness and popularity of the game and later gets serious about 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. This is when the excitement and passion becomes a dependancy 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 though these people were made for this game.
Together with the evolution of technology, easier plus much 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 consider it wise to waste time and fuel to check out the horse track when they can easily earn 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 game. 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 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 6 consecutive races. If no one 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 while 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 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 in the race.
ODD/EVEN is the bet based on the number of the winning horse, i.e. number of WIN.
The horse track management is also very simple. It functions around the principle that resembles an insurance company. The total money collected is divided into pools. The agent or race track removes his share of the money and the balance is given back for the winners.