How to bet on the Kentucky Derby

It is that time of year again. When everyone that normaly never thinks of betting on anything suddenly gets the urge to bet on the most well known horse racing event in the world. At first it might look really easy to bet on the race, just pick a winner. There is a lot more going on than just betting on a winner. You might have heard people talk about Superfecta, Trifecta and Exacta bets, there are also prop bets and head to head bets. Below is everything you need to know to bet on the Kentucky Derby. Short attention span? You can bet with bitcoin at FairlayFairlay.

Also read: How to go yolo with your bitcoin

How to pick the winner of the Kentucky Derby

What are the Experts saying?
You might not have all the time in the world to decide who to bet on. You can read what experts are saying about the race, listen to podcasts and youtube videos. Even if they might sound like experts it doesnt mean that they are right but if you get some different points of view before betting it is not a bad way to make a more educated bet.

Watch the races leading up to the Kentucky Derby
You can find the races on youtube. Watch the races and pay attention to horses you are considering betting on. What position did they have? What were the track conditions and weather? These can play a big roll in how the horse performs at the big race. Trust your own judgement and gut feeling. Do you think the odds that you are offered are better or worsse than the chance that horse has to win?

Watch the horses come out
Maybe you are good at watching how horses act. If you have been around horses a lot then you might have an idea how they act when they are feeling good, tired, or nervous. This can be a way to pick the horse that you think will win, or at least eliminating horses you dont want to bet on. Of course you will have to bet quickly during and the walk out before betting closes.
Luck

Win, Place, Show
The three main single bets are Win, Place and Show. Win is pertty clear the horse has to win, Place means the horse can win or be in second and Show means that the horse needs to be in the top three. Some races with only six or seven horses do not have show and some races with a lot of horses will have the show include the top four.



Head to Head (h2h)
Head to Head is an interesting way to bet. In this case you only want horse A to beat horse B. For example Audable vs. Casino Runner , you are only betting on who does the best in the race out of those two. This can be a way to bet against horses that you do not think will do well because of what you saw in the lead up races or how they walk out.

Superfecta example

Extacta, Trifecta and Superfecta?

These are the most fun bets because you have a chance of hitting a big jackpot. You are betting on the exact outcome of the race. For example first place Horse 5 second place Horse 7 third Horse 9 and fourth horse 2 -that would be a “5,7,9,2 Superfecta”. In order to win the race must finish in that exact order. Trifecta is the top three in exact order and Exacta the top two.

boxed superfecta example

Boxed
You can “box” your Exacta, Trifecta and Superfecta bets. That means that for a superfecta bet you will be every possible combination of the four horses you think will be in the top four. If we use our example above of “5,7,9,2” then you would alos have “7,9,2,5” “9,2,5,7” and so on. A boxed superfecta is 16 bets, a boxed trifecta 6 bets and boxed exacta 2 bets. Basicly you are picking which horses will be in the top 4, top 3 or top 2 if one horse in the bet is not then you lose. The winning ammount is determined by the pool of each bet type exacta pool, trifecta pool, superfecta pool. In general hitting a trifecta or superfecta is like hitting a jackpot.

Props
Prop bets you can think of as side bets. For example you can bet on how much the winner wins by. A head a nose or photo finish. You can also bet on how much the superfecta pool will payout or if there will be a triple crown winner this year.

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