How Kentucky Derby Betting Works

The Kentucky Derby is one of the most exciting races for pure sports fans around the world. Every year, the beautiful bluegrass state of Kentucky hosts one of the most prestigious horse races in the United States. One of the most popular betting markets for the Kentucky Derby is horse racing, where fans can wager on the outcome of each race. What is interesting is that the odds makers at Churchill Downs do not set the line in stone; they are always willing to change their mind. This is one reason why the odds can fluctuate so much and why certain bets can be more profitable than others.

The Basics Of Kentucky Derby Betting

The odds makers at Churchill Downs offer three different lines on the Kentucky Derby. These odds are determined by the lines’ respect for the favorite horse and the amount of money that is bet on that horse. The closer the odds are to “even money”, the more “fun” the betting gets. Here are the basic guidelines for betting on the Kentucky Derby:

Know The Favorites

All horse racing fans should know that betting on the Kentucky Derby is always easier if you know which horses are going to be the favorites. Churchill Downs releases a list of the top five favorite horses in the week leading up to the race. It is always a good idea to check out the bookmakers’ favorite lists as well because they can be different from what the public is wagering on. In the 2015 Kentucky Derby, for example, the public bet left and right on Tiz a Trick, who was not even one of the five favorites.

Study The Form

Another important thing for any gambler is learning about the form of a particular horse. After a few years of studying race forms, you will know which horses are most likely to win and which ones are most likely to lose. For example, because the Kentucky Derby is not a sprint race, the odds of a long shot winning are always higher than they would be if it was a sprint race. The longer the odds, the more likely it is that the horse will come in first or second, but unlikely to win. Knowing this can give gamblers an edge because they can place bets on the long shots with confidence.

Use Stats

Besides knowing the favorites and the form, knowing how to use stats can also make all the difference in your betting. Horse racing stats can be extremely valuable as a gambler, especially if you know how to look at them properly. One of the most important stats to know is the history of a horse. You can get this information from the horse’s pedigree, which gives you its family tree. This way, you know everything there is to know about the horse’s performance, including wins, losses, place finishes, and earnings. This is extremely useful for punting or parlaying on the long shots because the statistics will tell you how likely it is that the horse will come in first or second.

Which Line Should You Take?

These are the basics of betting on the Kentucky Derby, but it still isn’t easy to choose the right line. There are several factors that you need to consider before placing a wager. The first thing to look at is whether you want to bet on the favorites or the long shots. The second thing is whether you want to wager on the straight or on the tracks. If you are someone who likes random factors, you should avoid the long shots and go with the favorites because they are easier to predict. If not, you should go with the longer odds on the long shots because they can end up being the biggest thrill of your entire life – at least if you win. Another important factor to consider is how much money you are willing to wager. If you are looking for a quick way to make money, you should stay away from the Kentucky Derby because the payout if you win is usually high. However, if you are looking for a way to have some fun, it is a great place to start. In the end, it is all about knowing what you are doing and having fun.