Some of our readers ask us the question “how do I bet on the Kentucky Derby today?” so we have answered this with our comprehensive guide to Kentucky Derby betting. The Kentucky Derby is steeped in history and tradition, as well as excitement and spectacle.
Millions of people around the world tune in to watch this riveting race, with many eager to place bets on their favorite horse (or horses) while watching. In this guide, you’ll learn everything you need to know about betting on the Kentucky Derby, including how to bet on the race, where to bet on the derby if you live outside of Kentucky and what the different bets are.
What is the Kentucky Derby?
The Kentucky Derby is the first leg of the Triple Crown with the second leg being the Preakness Stakes, and the third leg being the Belmont Stakes. It’s a horse race that takes place annually at the end of the spring. This race is open to 3-year-old thoroughbreds, with the ideal size being around 16 hands and up.
No thoroughbred has ever won the Triple Crown, but there are several horses in recent years that have made a run at it. If a horse wins one of the three legs of the Triple Crown, they earn a special designation and are awarded a large cash prize.
How to place a bet on the Kentucky Derby today?
Before you place any bets at all, you’ll first need to find a sportsbook to bet at. We recommend that you choose an online bookmaker with a good reputation. There are sports betting sites available where you do not have to pay any taxes. If you are not going to have a connection to the Internet, some bookies will accept phone bets.
Once you’ve picked a site, you’ll want to deposit some money in your account before you start placing bets. With money in your account, you can start betting on Kentucky Derby. First, you’ll need to select which race you want to bet on. You have the option to bet on each leg of the Triple Crown, as well as the Kentucky Oaks, which is the Kentucky Derby for female horses.
After choosing which race to bet on, you can then proceed to place your bet. This is very easy to do with most online bookmakers. There are many different types of bets you can make on the Kentucky Derby, which we’ve listed below.
What are your betting options?
If you’re new to sports betting, it’s always a good idea to start with betting on the outcome of the race itself. This is known as an “over/under” bet, and you can place a wager on whether the winning horse will finish the race ahead of the other horses by a certain margin or in less time than a certain amount of time.
You’ll also find “straight bets” on the derby, which allow you to bet on a single horse to win the race. There are also exotic bets, which are more complicated types of bets that use multiple outcomes and payouts. There are many different types of exotic bets you can make on the Kentucky Derby, but you may want to start out with a simpler bet before diving into the more complex bets. You can also find some tips below on how to pick a horse to bet on.
There are many different types of Kentucky Derby bets, and you’ll find an abundance of types of bets on the Derby at any reputable sportsbook. These bets can be broken down into two categories: Win Bets and Place Bets. Win bets are for picking the horse that will come in first in the race, while place bets are for picking the horse that will come in second.
Exotic bets include Exacta and Box bets. An Exacta bet is a bet on two specific horses to come in first and second place, while a Box bet is a bet on four specific horses to come in first, second, third and fourth place.
If you’re a beginner, you may want to start out with some simpler bets, such as Win and Place bets. You can also find tips below on other types of bets that can be used as a stepping stone before diving into the more complex Exotic Bets.
How to pick a horse to bet on?
If you’ve never bet on the Kentucky Derby before, you may be wondering how to pick a horse to bet on. First off, you will want to do some research on each horse running in the Kentucky Derby. The thoroughbreds vary in experience and pedigree, and a few factors will help you make a decision on which horse to bet on.
You may want to look at the past performance of each horse, as well as their odds of winning the Kentucky Derby. Also, you can research the jockey riding each horse, as well as the trainer. And, of course, you may want to take into account which horse you think is the cutest!
If you’re unsure about how to pick a horse to bet on, you can always check out the betting tips and odds offered by various sportsbooks. These odds take into account past performance, jockey, trainer and other factors, as well as public opinion, so they can be a good way to start narrowing down which horses to bet on.
Conclusion
The Kentucky Derby is a thrilling and exciting event, as well as one of the most famous horse races in the world. If you’re a bettor, you don’t want to miss the opportunity to place bets on this exciting and action-packed race.
