how does kentucky derby betting work

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There are numerous options when betting the Kentucky Derby

The Kentucky Derby

The Kentucky Derby is a horse race held annually in Louisville, Kentucky, United States, on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. The race is a Grade I stakes race for three-year-old Thoroughbreds at a distance of one and a quarter miles at Churchill …

, from very simple to quite intricate. The more difficult the wager is to predict, the more money each wager will return on your investment. Win Bet This one is the most straightforward bet you can make — pick the winner, and win your bet. If your horse wins the race, you cash your wager.

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What are the odds of winning the Kentucky Derby?

Apr 26, 2017 · Conventional betting is easy for anyone to understand and consists of the following three wagers: WIN – Means the horse you bet must win the race. Payouts are determined by final odds. PLACE – Means your horse may win or run second. This bet allows some leeway for those who are leery of another runner or two in the field.

How do you Bet the Kentucky Derby?

Apr 07, 2022 · Exacta – a much harder bet to win, this wager states the correct order and names of the first- and second-placed horses; a $2 stake paid $503.60 in last year’s Kentucky Derby. Trifecta – if you are feeling very confident, you could place the trifecta bet and correctly predict the top three in order. Much harder to do, this attracts a bigger …

When is the next Kentucky Derby?

Aug 13, 2020 · There are numerous options when betting the Kentucky Derby, from very simple to quite intricate. The more difficult the wager is to predict, the more money each wager will return on your investment. Win Bet This one is the most straightforward bet you can make — pick the winner, and win your bet. If your horse wins the race, you cash your wager.

How to bet Kentucky Derby futures?

Jun 30, 2020 · Here are the main wagers offered when betting the Kentucky Derby: Win If you wager $2 to Win on your horse, you collect only if your horse finished first. A $2 win wager on the 2021 winner Medina Spirit returned $26.20. Place If you wager $2 to Place, your horse must finish first or second for you to collect.

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How does the Kentucky Derby bets work?

The minimum bet amount is usually $2. The most straightforward wager in horse racing. If your chosen horse wins the race, you win your bet. Betting a horse to win is just as fun as it sounds – the horse must win the race in order for you to win the wager.


How should I bet on the Kentucky Derby?

Bet the favorites Favorites win 35% of the time in the Kentucky Derby, a success rate that more or less holds true for all other North American horse races. Bet on every favorite over the course of 12 races, and you’ll likely pick four or five winners, sufficient to make you a handicapping hero.


How is Kentucky Derby payout calculated?

With odds that don’t end in one, divide the first number by the second number, then multiply the result by the amount of your bet. Assuming you placed a $2 wager on a 7-5 horse, you’d win $4.80: 1.4 times two, plus your $2 bet.Feb 22, 2008


How do horse race bets work?

A bet to win, sometimes called a “straight” bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third.


Can I bet on Kentucky Derby online?

Betting on the Kentucky Derby online is easy once you’ve set up an account. When you bet on a horse to win, simply locate the track listing at Churchill Downs and the race number of the Kentucky Derby and select the horse number. Add it to your bet slip and confirm the amount of the win wager.6 days ago


How do I bet on Derby at home?

4) Placing a bet online or on your mobile deviceRegister or Log-In (be sure to check for Derby week offers!)Select the track of Churchill Downs.Select the race number of the Kentucky Derby (usually the second to last race on the card)Select your horse.Select wager type.Enter your dollar amount.Submit your bet slip!


How do you calculate win place and show payouts?

Calculating the Payouts for the Win Place Show BetsFrom that odds ratio, you take the first number and multiply it by 2 (remember, if the odds is a whole number, place that over a 1 – for example, 7 would be 7/1)You take that number and divide it by the second number of the odds ratio.More items…


How much is a trifecta box?

Trifecta Box Costs:$1 Trifecta Box with three horses$6 (6 possible combinations)$1 Trifecta Box with four horses$24 (24 possible combinations)$1 Trifecta Box with five horses$60 (60 possible combinations)$1 Trifecta Box with six horses$120 (120 possible combinations)1 more row


What were the odds payout on the Kentucky Derby?

Kentucky Derby Odds 2022PostHorseOdds9Hot Rod Charlie5-110Midnight Bourbon12-111Dynamic One41-112Helium36-116 more rows


How do horse bets payout?

In its simplest form, horse racing payouts are dictated by $2 win bets. If you make a $2 win bet on a horse that goes off at 2-to-1, you would profit $4 and collect $6 with your returned investment. If you make a $2 win bet on a horse that goes off at 5-to-1, you would profit $10 and collect $12.


What is the most profitable bet in horse racing?

Accumulator. The Accumulator and other multiple horse bets (pick 6) are the most profitable horse racing bets and the riskiest. To win an Accumulator bet, you have to correctly forecast the winner of six races before the start of the first race.Apr 3, 2022


How are horse bets calculated?

To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out.Nov 4, 2019


How much is a place bet on the Kentucky Derby?

Like the win and show bets, the minimum wager is $2. In the 2019 Kentucky Derby, Country House paid $56.60 for a $2 place bet.


How to hit it big in the Kentucky Derby?

Another way to hit it big in the Kentucky Derby is by pairing it up with other races. In most cases, these are consecutive races leading up to the big ones.


How much is the Kentucky Derby trifecta?

The next step up from the exacta is the trifecta. This wager will pay out if you pick the top three horses in the correct order. Once again, you can play multiple horses in each spot, and just pay for every combination. The minimum bet for a trifecta for the Kentucky Derby is 50-cents. In the 2019 Kentucky Derby, the combination of Country House, Code of Honor, and Tacitus paid $5,737.65 for a $50-cent trifecta bet.


How much does Country House pay for the Kentucky Derby?

If your horse finishes anywhere but on top, it is a losing ticket. In the 2019 Kentucky Derby, the longshot winner Country House paid a whopping $132.40 to win for a $2 investment, after being placed first due to the disqualification of Maximum Security


How much does Country House pay for horse racing?

This wager will pay out if your horse finishes either first, second or third. In the 2019 Kentucky Derby, Country House paid $24.60 for a $2 show bet.


How much does a show bet pay out?

With 20 horses, you can imagine how difficult this once can be. In the 2019 Kentucky Derby, the combination of Country House, Code of Honor, Tacitus, Improbable, and Game Winner paid $544,185.90 for a minimum $1 Super High Five bet. Good luck hitting this one!


Can you make exotic wagers on the Kentucky Derby?

If you want to win even more money wagering on the large field of the Kentucky Derby, you can make an exotic wager, but remember while the payouts are higher, so is the level of difficulty.


How many years has the Kentucky Derby been a betting favorite?

In a large and competitive field you would think the betting favorite would be up against it, but the Kentucky Derby betting favorite actually won six straight years from 2013 to 2018. In the last 22 years the betting favorite has seen the inside of the winner’s circle 10 times. However, from 1980 to 1999 the favorite came up short 20 years in a row.


How much is the Superfecta bet for the 2020 Kentucky Derby?

The Superfecta gets even harder as you must correctly select the top four finishers in the race. Most tracks have lowered the Superfecta bet increment to .10 cents, including the 2020 Kentucky Derby. However, Churchill Downs raised it back up to $1 for the 2021 running.


How many times has Bob Baffert won the Kentucky Derby?

Look no further than trainer Bob Baffert who has won the Kentucky Derby a record seven times although Medina Spirit could end up getting disqualified. Baffert has started 34 horses in the race and along with his seven winners he has run second three times and third three times.


How much does Medina Spirit pay in 2021?

But remember, you don’t get the Win payoff, just the Place payoff, which is generally smaller than the win payoff. Medina Spirit paid $12.00 to place in 2021.


When is the Kentucky Derby 2022?

First run in 1875, the 2022 Kentucky Derby will be run on Saturday, May 7 at Churchill Downs. The race kicks off the Triple Crown, with the Preakness Stakes at Pimlico 14 days later. The Triple Crown concludes with the Belmont Stakes at Belmont Park three weeks after the Preakness.


Is AmWager a free race?

There is free streaming of the races online and up to a $500 sign up bonus. There are no minimum play requirements to earn cash rewards and they are deposited directly into your account daily.


Is TVG a risk free game?

TVG is offering a $300 Risk Free wager for new players and has a wide array of players rewards including money back specials and wagering insurance. Their betting platform is one of the best in the business and their television network is available on Direct TV and Dish Network and can be streamed for free using the Roku or Firestick app.


Everything you need for the best Kentucky Derby bets

The Kentucky Derby is the best betting race of the year. Run every year since 1875, horse racing experts and casual fans alike get excited to watch the greatest two minutes in sports.


Best Kentucky Derby Betting Sites at MyTopSportsbooks

Some people bet the Kentucky Derby from racetracks or off-track betting (OTB) locations, though more and more people are enjoying the convenience of betting it from home. These are the best sites for betting on the Kentucky Derby according to the experts here at MyTopSportsbooks:


Kentucky Derby Betting Resources

Read these helpful articles to learn how to bet horse racing and the Kentucky Derby:


Las Vegas Kentucky Derby Odds

Kentucky Derby odds change as the race gets closer and horses keep training toward the first Saturday in May. These are the odds on Kentucky Derby favorites as of April 29, 2021:


Latest Free Kentucky Derby Picks

As the Kentucky Derby draws closer, we will have free expert Kentucky Derby picks to help guide your betting and make you money.


Best Kentucky Derby Betting Sites

Choosing the best site to play the Kentucky Derby can be a difficult decision since there are so many online sportsbooks to choose from. However, our betting experts have done the work to evaluate the best online sportsbooks and recommend the ones with the best odds, features, and bonuses.


Why do We Choose these Sites?

For the best betting race of the year, it is important to have the best Kentucky Derby odds from a trusted sportsbook. Finding an easy-to-use sportsbook that you can trust can be difficult, and it helps to have expert analysis and insight.


Where is the Kentucky Derby located?

Located in Louisville, the flagship racetrack of Churchill Downs Incorporated (NASDAQ: CHDN) also operates Trackside at Churchill Downs, which offers year-round simulcast …


When is the Kentucky Derby 2021?

The 147th running of the $3 million guaranteed Kentucky Derby Presented by Woodford Reserve (Grade I) will be run Saturday, May 1, 2021 and for the seventh consecutive year, a tiered point system in select races will determine who qualifies to America’s greatest race. Each year 20 horses have the once in a lifetime chance to run in …


What is the Japanese Road to the Kentucky Derby?

Churchill Downs introduced the “Japan Road to the Kentucky Derby” to provide a potential entry in the Kentucky Derby for a horse based in Japan and the “European Road to the Kentucky Derby” extending an invite to European horsemen as well.


How many horses are in the Kentucky Derby betting square?

You can easily adapt it to work for the Derby. The easiest way to do it is by betting the exacta. There are 20 horses in the field. On one side of the square you list each of those numbers.


What drink is used at the Derby?

Mint juleps. Must have mint juleps: It is stunning how many mint juleps get consumed at the Derby. And these aren’t weak little drinks, either – they knock your socks off. They are very easy to make at home, and as the official drink of the Derby they bring authenticity to your event. A good mint julep isn’t fancy.


How to sell envelopes for horses?

Sell envelopes: Put the name of each horse inside an envelope and seal it up. Make sure that you can’t see the name through the envelope. Set a price for each envelope that works for your crowd – it’s could be $5 an envelope or $100 depending on what kind of crowd you roll with.


Can you run your own pool?

If you don’t want to get that complicated, you can easily run your own pool. It’s actually pretty easy. Let’s say that you are taking win bets, and that people can bet in multiples of one dollar. And let’s say that $100 in total is bet on all the horses in the race. The horse that wins has 10 $1 bets on it.


Is the Kentucky Derby at Churchill Downs out of control?

The Kentucky Derby at Churchill Downs is just a giant, almost out-of-control party that happens to have horses at it. I’ve been to the event twice, and both times there were multiple people around who didn’t even make it to the race – or didn’t remember it if they did. It’s all about the party, and it is so much fun.


Do you need a math degree to bet at home?

There are, fortunately, lots of easy ways to offer fun and fair betting at home. You don’t even need a math degree to pull these off. Run your own mutuels: Thanks to the miracles of computers and the Internet, there are all sorts of good ways to offer mutuel betting at home.

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