How does betting work at the Kentucky Derby?

Asked by: Sheep Buford

You bet an exacta by selecting a minimum two horses to finish first and second. These horses must finish first and second, in that order, for you to win the wager. If picking two horses in order sounds too difficult, you can “box” your wager.

How do odds work in Kentucky Derby?

It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return.

What’s the best way to bet on the Kentucky Derby?

Fans won’t have to wait too long before the race is available for wagering at racetracks, smart phone mobile apps, simulcast centers, Off Track Betting facilities and on Advanced Deposit Wagering platforms – such as TwinSpires.com, the only official betting site of the Kentucky Derby.

What did the Kentucky Derby pay on a $2 bet?

$4,101.20

The exacta of Rich Strike and Epicenter paid $4,101.20 on a $2 bet, the trifecta of Rich Strike, Epicenter and Zandon paid $14,870.70 on a $1 bet, and the superfecta of Rich Strike, Epicenter, Zandon and Simplification paid $321,500.10 on a $1 bet.

How do you bet on a horse at the Derby?

Some state racing associations (like NYRA) offer a betting app for users to place bets on the Kentucky Derby. Some states also have OTBs (Off-Track Betting shops) in specific locations. You can also go to any horse racing track and bet on races around the country (even if they’re taking place at a different track).

What does 80 to 1 odds pay Kentucky Derby?

Rich Strike, a late entrant in the grandest horse race, went off at 80-1 odds. Meaning a $10 Win bet on the Derby winner would’ve returned $818. He stunned the sports world on Saturday by winning by three-quarters of a length over second-place finisher Epicenter (4-1 favorite).

How much is a $2 Win Place Show bet?

Example: Let’s say you make a $2 place bet on a horse with odds of 1/4. This means that you can potentially make a return of $2.50 if your selected horse finishes the racing event in first or second place.

How much would I win if I bet on Kentucky Derby?

How to bet the Kentucky Derby. Over $150 million is won by bettors wagering on the Kentucky Derby each year.

What is an exacta bet?

The definition of an Exacta is to select the first two finishers in a horse race in exactly the right order. Exacta betting is available on the most famous races like the Kentucky Derby, the Preakness Stakes, the Belmont Stakes and almost every other horse race in the world!

What is a trifecta box?

While the straight trifecta involves picking exactly three horses to finish a race in first, second, and third place in that precise order, a trifecta box can include three or more horses and covers all possible winning combinations.

How do horse bets work?

In a win/place bet, you’re betting your horse to win AND place. If he wins, you collect both the win and place money. If he finishes second, you collect just the place money. In a place/show bet, you’re betting that your horse will place and show.

How do horse bets payout?

In its simplest form, horse racing payouts are dictated by $2 win bets. If you make a $2 win bet on a horse that goes off at 2-to-1, you would profit $4 and collect $6 with your returned investment. If you make a $2 win bet on a horse that goes off at 5-to-1, you would profit $10 and collect $12.

What does 30 to 1 odds pay?

The odds and what they mean