Kentucky Derby

The Triple Crown is one of the most anticipated sports events in North America. Last year has been a challenge, as the schedules had to be changed due to the COVID-19 pandemic. But this time, the races are sure to be held in its traditional schedule, with the Kentucky Derby starting it off first.

As the first leg of the Triple Crown races will be held this May, hopefuls are now beginning to compete to be a Kentucky Derby contender. Whether you’re a beginner in betting for the race or need a refresher on how to do so for an easy win, the following are tips for when you bet for the 147th Kentucky Derby.

Set up a Budget

Whether you win or lose, it’s no secret that money is the heart of any gambling. You need to pay a particular amount depending on the horse and the type of bet to participate. If you win, you get your money back, plus your designated winnings. Otherwise, you get nothing back.

Betting is a game of luck, which means there is only a little chance that the horse you bet on wins. Unless you are well off, you need to limit how much you spend when you bet. You need to limit your spending with the expectation that you may lose your money. Even if you bet expensively, that still won’t guarantee that the price you get will be worth the money lost.

While betting can be fun, you need to make sure that your spending will not affect your daily finances. Budget a portion and select only a few bets that you want. You can gamble on more than one horse, but avoid overdoing it.

Select a Type of Bet

To bet on a horse race is more than just finding out which horse wins. While it is generally the game, there is more than one way to gamble. Selecting which bet you will participate in helps, especially when you’re limited to a certain budget or selecting the one where you are likely to win.

There are several types of betting in a horse race, some of which are popular among fans. The Win bet is where you bet that the horse you picked will take first place. If you want a safer bet, you can go for the Place bet, where you have to gamble that the horse will either be first or second, or the Show bet, where the horse has to be either first, second, or third.
You can also opt for a more challenging type of bet if you want risks. An Exacta is a bet where you gamble on two horses that will finish first and second, in that specific order. And if you want another horse to bet for, you can opt for the Trifecta, where you need to bet on the horses being placed first to third, or the Superfecta, where you bet on the horses being placed first fourth. To win, you have to have your horses in the exact order of finish.

Feel free to participate in more than one bet, but don’t overdo it.

Research on the Contenders

Before you select a winning horse, you must look them up first. Unless you plan to pull off a random competitor for fun, researching is helpful, especially when you have no prior knowledge of the horses. Even when betting on races is a game of chance, each horse’s stats prove their prowess that can aid them in winning.

As of writing, the Kentucky Derby still does not have a final lineup for the race. In the meantime, you could wait for the official list as they will be announced weeks before the derby. Once names are available, you can now look them up and see particular records such as their trainer, jockey, and general racing experiences. You can then select which one can be your potential winner.

If you want to do some looking-out now, you can look up the current lineups for the Road to the Kentucky Derby races. This is the means by which hopefuls can join the twenty slots available for said Triple Crown race. The Road to Kentucky Derby is halfway done at the time of writing, so you can watch several footages and see some hopefuls that might be your best.

Read the Odds

To help you with that research, or you want to guess your way through an easier win, you can stick to the odds. The odds are a measure of how likely a horse will win plus how much you can win for every time you bet on the horse. They are made by a team of sports analysts who carefully calculate them, so rest assured that they can be trusted.

The odds are easy to obtain since you can get them for free online on verified horse racing sites. If you have an account on an online betting site, you will most likely have access to not just the odds but to every update on the Kentucky Derby. If not, then stay updated to win and click here now.

To sum it up

When you bet in any horse race, a crucial part of winning is to know the race. Be aware of the contender’s strengths and the several possibilities on how the competition will turn out. However, always remember to bet responsibly and spend your money wisely.

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