How to bet on The Kentucky Derby
The Kentucky Derby is the most anticipated horse race in American sports and it attracts attention from all around the world. Find out how to bet on the Kentucky Derby online.
How to Bet on The Kentucky Derby
The Kentucky Derby is the most anticipated horse race in North America and it attracts attention from all around the world. Dubbed ‘the most exciting two minutes in sport’, the race is one of the fastest and most thrilling races in the world.
The race sees millions wagering money on the event, and online sportsbooks will often have a wide variety of introductory offers and special bets to draw in even more customers.
The Kentucky Derby takes place at Churchill Downs in Louisville, Kentucky. The event takes place on the first Saturday in May, bringing to an end the two weeks long Kentucky Festival that precedes it.
The race is iconic in American sports and in horse racing in general, and is ran on a dirt track that runs one and a quarter miles.
Types of bets
Win bet: The most popular, and the most straight forward type of bet to place is a simple win bet. This is simply where you choose which horse you believe is going to win the race.
Each-way: Each way bets are one of the most popular types of bets to place at the Kentucky Derby, largely because of the unpredictable nature of the race.
An each-way bet is basically two separate bets placed on the same horse. The first of these bets is for your horse to win, the second is for your horse to place.
What defines a placement will change from sportsbook to sportsbook, with most offering a second, third or fourth place finish, but some even going as far down as sixth place. You will likely find some very generous offers on this given the popularity of the event.
Of course, the lower your horse does place, the lower your return will end up being, so make sure you bare that in mind.
If your horse wins and you have an each-way bet placed, then you will get the money from both the win part and the place part of the bet. However, if your horse only places, then you won’t receive a pay-out for your horse winning.
For first-time bettors, you should also bear in mind that when you place the bet, your stake will be doubled.
Straight Forecast: A forecast bet can be a great little money maker in the Kentucky Derby but they can also be very difficult to get correct
A straight forecast bet or an ‘exacta’ as it is called in The States is when you predict which horses will finish first and second, in the correct order.
Tricast: A tricast bet, or a trifecta, is essentially the same bet as a straight forecast, only this time you will also attempt to pick which horse finishes in third place as well.
This bet is even more difficult and tends to only be placed by either really brave bettors, or really experienced and knowledgeable ones.
The Kentucky Derby is one of the most unique and exciting sports races in the world and as such, picking a winner for the race can be extremely tricky.
The race features 20 runners which is the largest of any race in the United States, meaning that you do have the option of putting on multiple bets for the race. Each way bets are always advised in this race, as predicting an out and out winner can prove to be quite difficult.
Qualification for the Kentucky Derby is notoriously difficult, with the annual road to The Kentucky Derby featuring around 46 races on average. This long process does provide bettors with lots of previous races to analyse and pick apart, although it is worth remembering that the Derby is an incredible unique race and a lot of horses may not have run such a track before.