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 actually a lot like gambling. The amount of importance given to this is 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 as a pilgrimage venue for the betters who risk their funds in order to win huge profits and a majority of them do win huge profits.
As normally observed a beginner is first lured to the game because of the excitement, nervousness and popularity of the game and then gets serious about 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 a dependancy for the money and leads some people to enormous debts. But, not every person gets in financial trouble. There are some who master the game as though these people were made for this game.
Together with the evolution of technology, easier plus much 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 don’t feel the need to waste time and fuel to visit the horse track when they can easily make money sitting in the home. For any beginner, it is essential to understand some basics used on the race track so that he gets a fair perception 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 could be 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 that picks accurate horses for five consecutive races.
EXACTA is the bet on the first and second horses in the correct order while
QUINELLA is different 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 the given race while
TWIN TRIFECTA is the same for 2 consecutive races.
SUPERFECTA would be the bet on the first four horses within the race.
ODD/EVEN will be the bet depending 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 resembles an insurance company. The total money collected is divided into pools. The agent or race track removes his share of the money and the balance is given back for the winners.