Wagering on the horsetrack
Betting in the horse track has emerged as being the most important phenomenon in the adventurous, entertainment-filled sport of horseracing. It is actually similar to gambling. The amount of importance directed at this is certainly obvious because horse track is the place closest to the race in which the viewer can feel the exact excitement and nervousness of the sport. Horse track can be considered as 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 beginner is first lured into the game because of the excitement, nervousness and popularity of the game 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 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 they were created for this game.
Together with the evolution of technology, easier and more convenient forms of betting including online betting and software like BetAngel have in addition 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 do not consider it wise to waste time and fuel to check out 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 gets a fair perception of the sport. Many articles and books have been written 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 2 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 not one person wins this race, the winner will be the one that picks accurate horses for five consecutive races.
EXACTA would be the bet on the first and second horses while in the correct order while
QUINELLA differs from exacta in the regard that there’s 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 would be 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. amount 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 split into pools. The agent or the race track takes out his share of the money and the balance is returned to the winners.