Wagering at the horsetrack

Betting in the horse track has emerged as being the most significant phenomenon within the adventurous, entertainment-filled sport of horseracing. It is actually a lot like 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 from the sport. Horse track can be considered being 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 newcomer is first lured to the game by the excitement, nervousness and popularity of the sport and then gets interested in the activity. As soon as 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. This 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 sport as though these people 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 yet failed to keep its prestigious position in the field although its popularity has staggered a bit. 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 any beginner, it is important to understand some basics used at 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 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 requirement 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 same for 2 consecutive races.
SUPERFECTA is the bet on the first four horses within the race.
ODD/EVEN will be the bet based 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 entire money collected is split into pools. The agent or the race track takes out his share of the money and the balance is returned to the winners.