Wagering on the horsetrack

Betting in the horse track has emerged as the most important phenomenon within the adventurous, entertainment-filled sport of horseracing. It is actually similar to 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 as 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 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 a dependancy for money and leads some people to enormous debts. But, not every person gets in debt. There are several who master the game as if they were created for this newhorseracing.com game.

Together with the evolution of technology, easier plus much 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 don’t feel the need to waste time and fuel to check out the horse track when they can easily make money sitting at the home. For any beginner, it is essential to understand some basics used at the race track to ensure that he receives a fair idea of the game. Many articles and books have 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 no one wins this race, the winner will be the one that picks accurate horses for five consecutive races.
EXACTA is the bet on the first and second horses while in the correct order while
QUINELLA is different from exacta in the regard that there is no need for an order in it.
TRIFECTA is a bet on the first, second and the third horses in the given race while
TWIN TRIFECTA is the same for two consecutive races.
SUPERFECTA is the bet on the first four horses within the race.
ODD/EVEN is the bet depending on the number of the winning horse, i.e. number of WIN.

The horse track management is also very easy. It functions around the principle that is similar to an insurance company. The entire money collected is divided into pools. The agent or race track removes his share of the money and the balance is returned to the winners.