Betting in the horse track has emerged as being the most important phenomenon within the adventurous, entertainment-filled sport of horseracing. It is a lot like gambling. The amount of importance directed at this is obvious because horse track is the place nearest to the race where the viewer can feel the actual excitement and nervousness of the sport. Horse track can be viewed as being a pilgrimage venue for the betters who risk their money 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 to the game by the excitement, nervousness and popularity of the game and then gets serious about the sport. As soon as 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 the money and leads some individuals to enormous debts. But, not every person gets in debt. There are some who master the sport as if they were created 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 also 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 bit. Now, people do not feel the need to waste time and fuel to check out the horse track when they can easily earn money sitting at the home. For a beginner, it is essential to understand some basics used on the race track so that he gets a fair perception 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 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 is 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 is different 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 a given race while
TWIN TRIFECTA is the identical for 2 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 additionally very easy. It works around the principle that is similar to an insurance company. The entire money collected is divided into pools. The agent or the race track takes out his share of the money and the balance is returned to the winners.