Betting at the horse track has emerged as being the most significant phenomenon in 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 in which the viewer can feel the actual excitement and nervousness from the sport. Horse track can be considered 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 beginner is first lured into the game because of the excitement, nervousness and popularity of the game and then gets serious about the sport. As soon as the initial excitement dies and the person learns something about the sport, he switches onto more profitable modes of the sport, i.e., betting. Here 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 several who master the game as if they were created for this game.

Together with the evolution of technology, easier plus much more convenient styles of betting including 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 don’t feel the need to waste time and fuel to check out 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 perception of the sport. Many articles and books have already 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 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 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 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 really a bet on the first, second as well as 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 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 also very simple. It functions on the principle that resembles an insurance company. The total money collected is split into pools. The agent or the race track removes his share of the money and the balance is given back for the winners.