Wagering on the horsetrack
Betting at the horse track has emerged as the most important phenomenon within the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance given to this is certainly obvious because horse track is the place nearest to the race in which 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 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 game and later gets serious about the activity. 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 individuals to enormous debts. But, not every person gets in debt. There are several who master the sport as if these people were created for this game.
Together with the evolution of technology, easier and more convenient styles 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 little. Now, people don’t feel the need to spend time and fuel to visit the horse track when they can easily make money sitting in the home. For a beginner, it is important to understand some basics used on the race track to ensure that he gets 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 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 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 as well as the third horses in a 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 additionally very easy. It functions around 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 balance is given back for the winners.