Betting at the horse track has emerged as the most important phenomenon in the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance given to this is obvious because horse track is the place closest to the race where 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 money in order 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 sport and later gets interested in 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. 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 debt. There are some who master the game as if they were made for this game.
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 little. Now, people don’t feel the need to waste time and fuel to visit the horse track when they can easily earn money sitting at the home. For a beginner, it is important to understand some basics used at the race track so that he gets a fair idea of the sport. 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 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 is the one who picks accurate horses for five consecutive races.
EXACTA is the bet on the first and second horses in the correct order while
QUINELLA differs from exacta in the regard that there is no need for an order in it.
TRIFECTA is a bet on the first, second and the third horses in a 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 based on the number of the winning horse, i.e. number of WIN.
The horse track management is also 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 rest is given back to the winners.