Wagering on the horsetrack
Betting at the horse track has emerged as being the most significant phenomenon in the adventurous, entertainment-filled sport of horseracing. It is a lot like gambling. The amount of importance directed at this is obvious because horse track is the place nearest to the race where the viewer can feel the exact excitement and nervousness of the sport. Horse track can be viewed as being a pilgrimage venue for the betters who risk their money in order to win huge profits and a greater part 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 serious about the sport. After 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. This is when the excitement and passion becomes an addiction for the money and leads some people to enormous debts. But, not every person gets in debt. There are some who master the game as though they were made for this newhorseracing game.
Together with the evolution of technology, easier plus much more convenient styles of betting such as online betting and software like BetAngel have in addition 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 on the race track so that he receives a fair idea of the sport. Many articles and books have already been authored by experts to instruct beginners.
WIN, PLACE and SHOW are the horses that respectively come first, second and third in the race.
DAILY DOUBLE could be 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 who picks accurate horses for five consecutive races.
EXACTA would be 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 a given race while
TWIN TRIFECTA is the identical for two consecutive races.
SUPERFECTA would be the bet on the first four horses in the race.
ODD/EVEN will be the bet depending on the number of the winning horse, i.e. amount of WIN.
The horse track management is also very simple. It works around the principle that resembles 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 to the winners.