The Kentucky Derby is one of the most prestigious horse racing events globally, with more than a million people wagering on it every year. It’s pretty much the Super Bowl of horse racing.
The Kentucky Derby is the first leg of the Triple Crown series. It is contested annually in Louisville, Kentucky, on the very first Saturday in May, with the winner receiving a $1 million prize.
It is a one-and-a-quarter-mile race at the racecourse of Churchill Downs for three-year-old thoroughbreds on the Kentucky Derby course.
There is an abundance of resources accessible on the internet to help you learn more about the kentucky derby.
Where Do I Place My Kentucky Derby Bets?
Placing bets in Kentucky Derby is simple, just like any other horse betting sites, you need to:
Step 1: Select a Racebook
The first step in increasing your chances of earning money at the races is deciding where to place your Kentucky Derby bets. Racebooks are online betting platforms where you may place bets on horse racing.
Each of our suggested Kentucky Derby betting sites is reputable, safe, and secure, and they all adhere to our high standards of service. We would not suggest them until they meet these criteria.
Step 2: Complete the Registration Form
The process of registering is smooth and takes only a couple of minutes. Fill up the blanks with your name, email address, deposit information, and birth date to confirm that you are of legal gambling age.
Fill out all required information and wait for a confirmation email or link. Guarantee that your deposit information is up to date since you will be able to place your first Kentucky Derby wager as soon as the signing-up process is complete.
Step 3: Make a payment
It is mainly up to you how you wish to finance your account. When you want to put real money at your preferred racebook, you must first pick a payment method that is advantageous for you.
Numerous online betting sites allow you to make payments using your credit cards, e-wallets, and debit cards. Several online sports betting firms will accept cryptocurrency as payment for their services.
Step 4: Place Your wager
Choose the Churchill Downs racetrack as your destination. Choose the Kentucky Derby race number from the drop-down menu and a horse for yourself. Choose the sort of bet you want to place.
Fill in the blanks with your monetary amount and submit your wager slip. Following your arrival at the Kentucky Derby starting gate, select a racebook from the list and place a wager on the Kentucky Derby!
Betting on the Kentucky Derby: Different Types of Bets
The Kentucky Derby offers a variety of gambling options, each of which gives an exciting opportunity to win considerable money. Whenever it comes to betting on the Kentucky Derby, you may make several different types of wagers.
If you want to wager on the Kentucky Derby, our betting guide will give you betting recommendations on the most exciting two minutes in sports.
Straight bets: Win, Place, and Show
If you’re seeking a wager on the Kentucky Derby but don’t know where to begin or how to place a wager on the Kentucky Derby, win, place, show is an excellent option for novices.
A winning wager is as straightforward as it gets. You place a wager on which horse you believe will win the Kentucky Derby.
It is possible to win $400 on a $100 wager with +400 odds (4/1) if that horse crosses the finish line first and all of the others fail to do so.
If you put a wager on a horse to place, your horse must finish first or second in the Kentucky Derby. This wager provides two alternative possibilities for victory.
Still, your return will be lesser than with win betting because there is less risk associated with a place bet than with a winning bet.
If you bet on a horse to show, your chosen horse must finish first, second, or third in the Kentucky Derby for your wager to be successful.
The payout on a show bet is typically lower than the payout on a victory in place betting or win betting because a show bet offers three alternative possibilities to win.
A show bet carries even less risk than a place bet because it is based on the game’s outcome.
Across the Board
In this wager, your chosen horse must win, place, and show at the Kentucky Derby for you to win the wager.
This is comparable to a parlay bet in other gambling sports in that it is a combination of more than one Kentucky Derby bet on a single ticket.
If your horse manages to win the Kentucky Derby, you will receive payouts for first, second, and third-place finishes.
If your horse finishes second in the Kentucky Derby, you will receive both the place and show payouts, whereas if your horse finishes third in the Kentucky Derby, you will only receive the show payout.
Several considerations must be addressed when placing a wager on the long-awaited Kentucky Derby horse racing.
These include picking an established and respected racebook for your wagering and the amount of money to wager.
Investigate and experiment with various typical betting types to find which is the most advantageous for you. While you’re doing it, discover and try new types of betting.