Best Bookmaker For The Kentucky Derby
Fields for each installment of the KDFW are selected by a panel of racing experts and handicappers. The final field for the Kentucky Derby is created as the barrier draw is completed by Wednesday afternoon of Derby week.
Fans will have less than 48 hours to wait before the race is available for wagering at racetracks, simulcast centers and on Advanced Deposit Wagering platforms such as TwinSpires.
Special bets include a double on the Kentucky Oaks May 5 and the Kentucky Derby May 6 , where players try to predict the winner of both races. Exacta first two , Trifecta first three , Superfecta first four , and Super High Five first five wagering are all offered, and cashing a ticket in any of these pools is a cause to brag as a maximum field of 20 makes the Derby a difficult handicapping puzzle.
We have more guides, tips and tricks for learning how to handicap in our free online betting guide library. Alos, read through many of horse racing's betting terms. There are many ways to handicap a horse race, and there is no shortage of opinions or angles when it comes to the handicapping the Kentucky Derby and the numerous prep races leading up to the Run for the Roses. From a beginners betting guide to the most sophisticated tools for informed handicappers, TwinSpires. Handicapping horses and the races takes much time, research and intuition.
Beyond studying past performance charts, speed figures, class ratings or jockey and trainer stats, a handicapper has to have insight and ability to find various ways to identify horses that are ready to win. You may not have time to study race videos, tracks, surfaces or find horses that had troubled trips in recent races.
As you study some of the betting guides and training tools offered at TwinSpires. Before the advent of the tote board, the calculations of winning horse bets required manual computation and that could be a time-consuming process.
George Julius, an Australian engineer, developed the first all mechanical tote board in the early s with the first unit installed at Ellerslie Racecourse in New Zealand in It would be a couple of decades before the first tote boards came to the United States, first at Hialeah Park, Florida and Arlington Park outside of Chicago By the late 's, the mechanical tote boards started to be replaced by electronic tote boards.
Today, virtually all tote boards have been replaced by computers running specialized wagering software displayed on LED screens. Despite the seismic changes in technology during the past few decades the term 'tote board' remains in common usage. When tote boards first started to become popular it allowed the advocates of horse racing to make a new argument to counter concerns of corruption by civic and religious leaders.
The tote board put the 'business' of bookmaking on full display for the public to see. The prevailing argument became that horse racing and parimutuel wagering were less 'evil' than traditional bookmaking. This position may be of dubious logic to say the least, but it was surprisingly effective in helping horse racing gain traction across North America during the 20th century. The tote board is still the primary data center for the horse racing enthusiast.
It doesn't matter whether it's on your computer screen or a big LED display at the racetrack—it provides real-time, running data on how the public is betting and how it's impacting the odds. You'll find potential payout odds; will pays for open exotic wagers and other critical information. To be sure, there are plenty of other sources of horse racing and handicapping data today, but the tote board remains the focal point of the horse racing experience.
It also allows more experienced players to 'time' their wagers, often betting at the last minute to obtain more favorable odds.
Get used to watching the tote board and learn how to 'read' it to understand betting patterns—it doesn't take long until you'll be able to find betting opportunities this way. Before we examine the various types of Kentucky Derby bets, we're going to discuss the mechanics of how to place a bet on Kentucky Derby. The information you need is essentially the same whether you're playing at the track, in a casino racebook or online.
When you're dealing with an actual person e. If you're betting online or with a self-serve terminal at the track, you'll have to navigate menus to make your bet. Regardless of how you bet, this is the essential information:. The information listed above is in the correct order for calling a bet at the track. It would sound like this:. This format quickly becomes second nature but until it does don't make the 'rookie mistake' of using the horse name instead of the number.
It helps to write down your wager before you head to the window. The ticket writer will usually call the bet back to you as he's printing your tickets to verify that he heard it correctly.
Once you get your tickets, quickly look at them to make sure everything is right. If you catch a mistake at the window, it can be corrected. Obviously once you've left the betting station the bet is valid and can't be changed Count your change at the window for the same reason.
And tip your ticket writer, especially if you hit a big score. Trust me, it'll pay dividends down the road. Another good habit to develop is checking your losing tickets after the race to make sure they're actually 'losers'.
This won't be an issue if you're betting online at Kentucky Derby since they'll end up credited to your account but you'd be surprised how often you'll mistakenly think a winning ticket is actually a loss and vice versa. You'll also encounter situations where a horse that finish ahead of the one you bet is disqualified after a steward's inquiry. There's no worse feeling than for a loser to become a winner and your tickets are already in the trash can.
If you bet online on Derby or with any other type of automated interface , you'll need the same information, but you'll have to do the work yourself. The organization of online horse betting sites is usually in the same order as above—track name first, then race number.
Typically, you'll be presented with a variety of betting options for each race on one screen. This interface is where you'll enter the dollar amount, the type of bet and the horse number.
You'll be shown a 'confirmation screen' before your bet is made official—double check the information and then submit your wager. If you vary your bet amounts it is especially important to verify the dollar amount wagered—betting software will often 'default' to your most frequently bet dollar amount.
Note that the information above is for any straight bet win, place or show. Calling out and betting exotics is somewhat different and we'll discuss that when we cover this type of wager. Kentucky Derby bets are usually divided into two categories—straight bets and exotic bets. Straight bets are the best place to start your betting career but you'll quickly graduate into exotic bets. As the name implies, straight bets involve wagers on a single horse in a single race to either win or finish near the front of the field.
Exotic bets involve either multiple horses in a single race or one or more horses in multiple races. The only other wager was the 'daily double' in which bettors would pick the winners of the first two races on the card.
A 'win' bet is as simple as it gets in Kentucky Derby. You're placing a bet at a horse to win at a given set of odds. If the horse you bet on wins, you cash your ticket. If he doesn't, you don't. That's all there is to it. As far as placing a win bet goes, the example we used above is appropriate here:. In the 'real world' this would be minus 'takeout' and 'breakage' but for the purpose of explaining these bets we'll pretend that these assessments don't exist.
In the 'real world' the payout odds would be figured by taking the total amount wagered on all horses 'to win' known as the 'win pool' and subtracting the takeout. That amount is then divided by the amount wagered on each horse to determine actual payouts. It's important to remember that the Kentucky Derby betting odds do not represent the chances of a specific interest winning a race. Instead, the odds are indicative of a horse's payout ratio for a specific bet which is a function of the financial support they're receiving from the betting marketplace.
The fundamental challenge of handicapping is to find situations where a horse's chance of winning is greater than the betting odds represent. This is called an 'overlay' and is the goal of every successful handicapper. The opposite of an 'overlay' is an 'underlay'--an underlay occurs when the betting odds represent that a horse has a greater chance of winning than he actually does.
How do you figure out the horse's chance of winning? That's the hard part. These concepts apply to sports betting moneylines and point spreads as well. Another point worth mentioning here—North American tracks quote odds as fractions but tracks in the rest of the world usually quote them as decimals.
The good news is that if you're betting international races online you'll be offered the option of how you want odds displayed. Just select 'fractional' odds and you won't have to worry about decimals. In some cases, the betting odds on a favorite horse at Kentucky Derby will be less than even money. The terminology for this is 'odds on favorite'. So our profit on this bet is. When you factor in the takeout and breakage you're either making a minuscule profit of a few cents or even losing money.
We'll group these two bets together since they're very similar and the underlying math is the same for both. A Kentucky Derby 'place' bet is a bet that a horse will finish either first or second. A 'show' bet is a bet that a horse will finish first, second or third. At the track, you'd call these bets as follows:. American Pharoah won the race and cashed all three straight bet types win, place and show. Firing Line finished second and cashed place and show bets.
In most cases, the price 'to show' will be less than the price 'to win'. The price to 'place' will be less than both other bets. There are exceptions and the Kentucky Derby was one of them.
American Pharoah went off as a favorite while Firing Line was The disparity between these odds is why Firing Line paid more 'to show' than American Pharoah did 'to win'. Keep in mind that these payouts are figured based on the amount of money in the 'pool' for each bet minus the track takeout.
Takeout at Churchill Downs is First, the good news—you'll likely never have to calculate place and show payouts manually. The race track, race book or online betting site will do the math for you. Even when you're handicapping you won't have to figure it out yourself. There's a wide variety of applications for computers, tablets, phones, etc. That being said, it's still important to understand the math behind the payouts. Note that the formula below won't produce an exact payout but it does calculate a good estimate of your return on a successful 'place' bet:.
Start by taking the total amount of money bet to place the 'place pool'. Then subtract the takeout eg: Then subtract the amount of money wagered on your horse plus the highest amount of place money bet on another horse. This will give you the place pool profit:. You'll then divide the place pool profit by two since there are two horses that are cashing 'place' bets.
Figuring a 'show' payout is done exactly the same way with two minor adjustments. In the second step, you'll subtract the amount of money wagered on your horse and the two horses with the highest amount of 'show' money bets to determine the 'show pool profit'. In the third step, you'll divide the 'show' pool profit by three for the three horses cashing a ticket. There are a number of ways to use these calculations for handicapping. In fact, the Kentucky Derby is a perfect example of one—you'd might have determined that betting American Pharoah to 'place' at 5.
As noted at the outset of this section you're well advised to use the many technological resources to figure out potential payouts but it's crucial to understand what it all means.
The Kentucky Derby is one of a dozen or so races on the Derby Day card; the standard Pick 3 includes the two races before the Derby, including the Grade 1 Turf Classic.
Whilst there has to be one winner at the end of the 2-minute race, who this winner will be, depends on various factors. Many horses have tried to do what seemed like a one of a kind win like Apollo but none have been successful so far.
These principles and tips will offer you a solid foundation in how to bet on the Kentucky Derby Online. As exciting as the occasion is, do not get carried away with your bets.
Adam is long time Manchester United fan but admits that he has a few international favourite teams which he looks forward to watching and betting on for international events like the World Cup. Payment methods accepted are: We use a self-learning algorithm which predicts outcomes of football games with high accuracy. It crunches tons of numbers in order to allow our users to maximise their ROI when betting. We supplement our algorithm with a team of betting experts who use their advanced knowledge to make sure that all the predictions, stats and news pieces we provide are on point.