Betting on the horsetrack

Betting at 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 obvious because horse track is the place closest to the race in which 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 money 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 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 a dependancy for money and leads some individuals to enormous debts. But, not every person gets in debt. There are several who master the game as if they were made for this game.

With the evolution of technology, easier and more convenient styles 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 little. Now, people do not consider it wise to spend time and fuel to visit the horse track when they can easily earn money sitting in the home. For a beginner, it is important to understand some basics used on the race track so that he gets a fair perception of the sport. Many articles and books have already 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 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 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 need 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 2 consecutive races.
SUPERFECTA would be 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 works 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 to the winners.