Betting in the horse track has emerged as being the most significant phenomenon in the adventurous, entertainment-filled sport of horseracing. It is similar to gambling. The amount of importance directed at this is obvious because horse track is the place closest 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 funds as a way 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 about the sport, he switches on to 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 some who master the sport as though they 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 yet failed to keep its prestigious position in the field although its popularity has staggered a bit. Now, people don’t consider it wise to waste time and fuel to visit the horse track when they can easily make money sitting in the home. For a beginner, it is essential to understand some basics used on the race track to ensure that he gets 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 on 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 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 differs 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 the 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 is the bet based on the number of the winning horse, i.e. number of WIN.

The horse track management is additionally very easy. It functions on the principle that is similar to an insurance company. The total money collected is split into pools. The agent or race track removes his share of the money and the balance is returned for the winners.