Place a bet on the kentucky derby

Read about the contenders While betting on horse races is a fun challenge in and of itself, your enjoyment of the sport will be increased multifold by learning about the horses involved. Industry websites, including Brisnet. The news section of the Kentucky Derby website is a similarly rich resource of race results, insights, and interesting backstories. Learn about the horses as horses—not just numbers in the program—and the sport will come to life before your eyes.

Bet the favorites Betting horses at random will produce only infrequent winners, so if you want to impress your friends with a steady stream of victorious selections, go with the flow and bet on favorites. Set aside your wagering budget and ration it accordingly throughout the afternoon.

Planning and placing wagers can take longer than you anticipate. Play party games Watching the Kentucky Derby with a group of friends? Superfecta : Moving up one more step in both difficulty and payout is the superfecta bet. In this one, the bettor chooses four horses to finish in 1st, 2nd, 3rd, and 4th place in that exact order.

Superfectas are difficult to win but pay very well. Horse racing fans can learn more about these wagers and others at the BettingUSA horse racing betting guide. There, fans can read about all the bets described above plus other options such as boxing and keying horses. How Kentucky Derby Odds Work The payout odds on each horse are calculated based on current betting action. As money comes in before the race, the odds refresh in real-time or as close as possible to real-time.

The odds posted publicly are subject to change dramatically as more wagers come in but generally provide an accurate representation of which horses are favorites and long shots. Tracks take all the money that comes in, collect a fee off the top and then distribute the remainder to the winners.

Long-shot horses pay the most in this system because fewer people bet on long shots, so fewer people split the pool. Horses perceived as strong pay less because more people bet on the favorites, which results in more winners splitting the pool when that horse wins. The actual process of calculating the odds is quite complex because there are so many different types and sizes of wagers that will need to be paid off at the end of the race.

But generally speaking, it all comes down to how much action bettors put on each horse. Read more: Horse racing betting odds Making a Real Money Deposit Placing any of the above wagers begins with choosing a betting site see our recommendations above and making a real money deposit. Horse racing betting sites provide several methods customers may use to fund their accounts. In most cases, users may fund their accounts via credit card, debit card, electronic bank transfer, and even cash via prepaid betting vouchers.

Read more about the various deposit methods here: Online betting deposit methods Note: You may want to consider making a deposit sooner rather than later. Some deposit methods take a few days to get everything set up before your first deposit. Futures are usually the domain of traditional sports betting in which fans bet against the house.

However, Churchill Downs offers pari-mutuel Kentucky Derby Future Wager Pools each year that allow fans to get their bets in on the winners very early. Kentucky Derby futures are fraught with uncertainty being so far out from race day but offer payouts that are potentially much larger. Horse racing fans should be aware that futures are not refundable. Once they place a future bet, there is no taking it back, even if the selected horse withdraws.

Each year, Churchill Downs hosts four futures Kentucky Derby future pools. The first begins at the end of the previous year, while the next three occur in intervals over the run-up to race day. A total of twenty slots are available, so competition to even earn an appearance at the starting gate is fierce.

Most horses vie for one of the twenty slots through a series of 35 prep races called the Road to the Kentucky Derby, beginning in the fall of the year preceding the race. The top four finishers in each prep race earn points for their performances and move up the leaderboard to determine who gets to run in the Kentucky Derby. The number of points up for grabs in each race varies as some races along the way are worth more than others.

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Bet the favorites Betting horses at random will produce only infrequent winners, so if you want to impress your friends with a steady stream of victorious selections, go with the flow and bet on favorites. Set aside your wagering budget and ration it accordingly throughout the afternoon. Planning and placing wagers can take longer than you anticipate. Play party games Watching the Kentucky Derby with a group of friends? Team up with party games so everyone can enjoy a piece of the action.

Betting a simple show bet parlay can be a potentially lucrative way to keep the fun going all afternoon. Another idea? Put the names of every Kentucky Derby horse in a hat and take turns drawing names until every horse has been selected.

You get the idea. RULE 1 Have fun. And just like any entertainment, you need to set a certain amount aside so as not to go overboard. I would go one step further and say stick to the same amount. And nothing spells success than wrapping up a Kentucky Derby party with more dollars in your pocket than what you started with. RULE 3 Keep it simple. There are numerous types of wagering opportunities out there, but beginners will probably be best served to keep it simple until they learn the ins and outs.

Win, place and show wagers, as well as exacta bets might be the way to go for now. RULE 4 Plan ahead. Despite hiring extra workers for Derby and Oaks Days, navigating the lines for teller windows on track can still take time. Time fans can spend perusing the horses, celebrities and general atmosphere of being on track.

With an online account from TwinSpires.