The Kentucky Derby is considered to be the first race of the Triple Crown, and it has more types of bets than other races held in the United States. Even for someone who is experienced with horseracing, placing bets for this race can be quite overwhelming.
The Kentucky Derby is held every year on the first Sunday in May, but you don’t have to wait until then to place your bets. It is possible to place bets as soon as February. The race has three future betting pools that you can take advantage of before the race begins. Actual bets can be placed one day before the Kentucky Derby begins. The best places to make these bets are on the many online betting sites, which are available all over the world.
When it comes to the most common bets of horseracing, they are the win, place and show bets. These are considered to be the simplest bets to place, which is why they are called straight bets. The Kentucky Derby has the highest pool of straight bets of any other race in the United States.
Bettors can place a minimum bet of two dollars and max out as high as the budget allows. For the win bet, you must pick the winner of the Kentucky Derby. For the place bet, your horse has to finish either first or second. For the show bet, your horse has to place either in the first, second or third spot.
Just like with other races, the Kentucky Derby also has exotic bets. These types of bets always have the best payouts, but they are also difficult when it comes to predicting the correct results. The good thing is that many of these Kentucky Derby bets have had extremely high payouts for the last decade. Some of the payouts have been as high as five figures. There are many different types of exotic bets to choose from, and the following are just a few of them:
- Pick 3, 4 or 6. Understand that the pick 6 is one of the hardest bets to win. For most people it is very hard to pick six winning horses in a row. But this also explains why the bettor could win a good bit of money if he gets all 6 winning horses.
- Exacta. The bettor has to pick the top two winning horses in the Kentucky Derby. Who will come in first and second? Consider increasing your chances by boxing your bet.
- Trifecta. The bettor has to pick the top three winning horses in order to win this bet.
- Superfecta. The bettor must predict the top four winning horses in order to declare victory.
As you can see, bettors can place many of the same bets that they are already familiar with.
However, when betting in the Kentucky Derby, there are more options and opportunities to place these bets. In addition, the pools are much larger because of the popularity of the Kentucky Derby. It is still advised that you learn as much as you can about the horses, jockeys and types of bets before placing your final bets. Hopefully, you’ll be a huge winner when you bet online for the Kentucky Derby.