Wellness, recreation, and sports are three things that define the American lifestyle. Unfortunately, the COVID-19 pandemic that began in 2020 put a damper on all three areas of life in the United States. But just like many other sporting events, the Kentucky Derby is back and is set to run from May 4 – May 12 this year. If you’re looking to wager on the Kentucky Derby this year, then there are a few best practices that you need to follow to make sure that your money is safe and you have the best possible chance of winning.
Where to Place Your Bet?
The first thing that you need to do before placing your bet is to determine where you will place your bet. You want to make sure that you have enough funds to cover the wager; otherwise, you risk the chance of the bookie shutting down your account. But even if you have the money, there is still the risk of getting scooped by a sharper. In other words, make sure that you have enough funds on hand before you make the wager.
You might also want to consider the location that you will be in when the race takes place. Specifically, you want to find a good location that provides you with a clear view of the finish line. This way, you can keep an eye on the clock and know when the race is over. Clear eyes, fresh air, and no distractions – what more could you want?
If you’re finding it difficult to place your bet due to the pandemic, then consider using a VPN to encrypt your internet traffic and shield your personal data. When you’re using a VPN, the site that you’re connecting to could be anywhere in the world. This could potentially hide you as the site’s server might be located in a different country than you are in. In other words, if the bet pays off, then you don’t need to worry about getting ripped off. You’ve already got the money from the winning bet!
Secure The Line
Once you’ve placed your bet, you need to ensure that it is secured. After the bet is placed, you will receive an email acknowledging your bet. But if you didn’t get an email then contact the bookie via phone and make sure that they’ve received your bet. As the name implies, a secured line is where you make your bet over the phone. But, in order to use a secured line, you need to have a credit card on file with the bookie. If they don’t have your card on file then you’ll have to place a call to the main number and have the security guard verify your identity. After that, you’ll be able to use the secured line.
Reduce The House Edge
Last but not least, we have the house edge. If you’re new to betting, then the house edge is the amount that you’ll lose due to the rules of the game. For instance, in Kentucky, the odds of winning are 33 to 1, but if you bet $100, then you’ll lose $33 in order to win $100. This represents the house edge.
Now, if you’re losing money consistently then it might be time to consider ditching your bookie and going with a different place to place your bets. Alternatively, you can reduce the house edge by playing in a casino. Most casinos offer huge sign up bonuses that they use to attract new players. In other words, if you’re looking to cut down on the house edge then consider playing at a casino.
But even if you’re not trying to get the absolute best odds, then cutting down on the house edge is still ideal. You’ll likely win slightly more frequently than you would by simply going with the odds, but you’ll prevent your income from being diminished by the occasional loss.
Keeping these tips in mind will put you in the right frame of mind to make the right wagers when the Kentucky Derby rolls around. And, at least according to my research, this is one wager that you can make with confidence.