What format to use
Backing tracks generally come in two flavours - Midi and Audio.
Midi is a way of sending musical data between electronic devices; information about what notes to play, how long, how loud, and what instrument to use, etc. However midi does not send any sound at all and relies on the final link in the chain (usually a keyboard or "sound-module") to produce the actual music that's heard.
Audio is simply a recording played back. This could be a recording of a midi performance, real instruments and voices, or a combination of both.
Both have pros and cons...
Midi is flexible - it's possible to
change to any key or arrangement of the song without affecting the sound
quality. But the final sound depends on the device used. The same Midi-file
that sounds weak on, say, a regular computer sound-card, will sound
better when played using a dedicated "sound-module".
Audio is much more reliable - an mp3, for example, will sound the same whether on a computer or a portable mp3-player. However the key/arrangement/ending is fixed.
Click & listen
Compare a midi file played using a standard sound-card or using dedicated studio equipment
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Experience has shown us to use the advantages of both - create tracks using midi and audio, but for the performance (where reliablity is everything) use audio.