Trackpad drag/highlight function delay?

When I want to highlight text from the internet, say from wikipedia, i would double click the trackpad (double tap for me) and enclose the said text. However, there's this annoying delay that lasts for about a second after I have highlighted my desired text and almost 50% of the time, I end up moving my trackpad - thinking the delay is over - when it isn't and so I end up over or under-highlighting. This doesn't happen on Windows and I don't understand why there isn't a simple option to change delay settings for the trackpad.