Betting on the Kentucky Derby Race: Essential Things To Know

Betting on the Kentucky Derby Race: Essential Things To Know

Bill Brine via Wikimedia Commons

The 146th Kentucky Derby was supposed to take place on the first Saturday of May at Churchill Downs. But, because of the coronavirus pandemic or Covid-19, The Run for the Roses” will be moved on September 4 and 5.

With that, the contenders, as well as their trainers and jockeys, will have more time to plan for a great strategy to bring home the victory. Aside from them, the bettors are also waiting for the “Fastest Two Minutes in Sports.” They are excited to know who’s going to win the title and whether or not it’s their season to win the bet.

If you are one of those horse racing fans who are going to wager on their favorite colt, here are some of the essential things to know before betting on the 2020 Kentucky Derby.

Types of Bets

Betting on horse racing is fun and exciting. The bettors’ thirst to win is as much as the desire of every contender to bring home the championship title. In order to have a bigger chance to succeed in horse betting games, you should know the types of wagers you can make in a single horse race.

With that said, here are some of the types of bets you’ll encounter during the 146th Kentucky Derby season.

Win-Place-Show Bets

The first type of bet in this list is the Win-Place-Show bet or also known as the “Across the Board” bet. Here, the bettors will choose a single Colt to finish first, second, or third at a particular race.

Furthermore, if you want to get a higher payoff, you should choose the “win” wager and get paid if your chosen horse will win the race. Besides that, there’s also what they call a “place” wager where you’ll get paid if the horse took the first or second place– but obviously with lower payoff than the win bet.

Lastly, you can also choose the “show” wager. It has a lower risk than the win and place wager but also has a lower payoff. When betting in a horse race with this type of wager, you should pick the colt who you think will get into the top three.

Exacta Bets

If you have done the win, place, and show wagers last season, you may want to try exacta bets for this year’s Kentucky Derby. It might be more difficult compared to the first one, but it has a higher payout.

In this type of bet, you will choose a minimum of two colts who you think can finish first and second. These contenders must win the first and second place — in exact order — for you to win the wager. On top of that, the minimum bet for an exacta is only two dollars ($2).

Trifecta Bets

Another type of bet that you should try is the trifecta. This bet is like an exacta, but instead of picking two contenders, you’ll have to select three horses that can be the top three finishers in exact order.

However, if you find it difficult to win a trifecta bet, you can have a boxed trifecta wager. With this, you’ll win the bet if your horses can take the first, second, and third place in any order. Furthermore, the minimum bet for a trifecta wager is 50 cents and for as low as three dollars ($3) for a boxed trifecta bet.

Where, When, and How to Place a Bet on Kentucky Derby

One of the good things about the Kentucky Derby betting is that you don’t have to be at Churchill Downs to place a bet. You can even put a wager online or at the nearby racetrack from your area.

In betting for “The Fastest Two Minutes in Sports,” it will be up to you when will you place your bet — but be sure to get it in before the window closes. Moreover, you can also check the odds posted for the Kentucky Derby so that you can wager on it in advance. However, you should keep in mind that these odds will continue to change until the Derby day.

On the other hand, if you have plans on placing your bet at the Churchill Downs, here’s a rundown of what you need to prepare when you’re at the window for each wager.

  • Name of the Race Track
  • Number of the race you are going to bet
  • The amount you want to wager
  • What type of bet
  • Number of the Colts included in your wager

Takeaway

Unexpected things can happen in just a glance, and the spreading of coronavirus is one of them. Because of the chaos brought by this pandemic, the schedule for the 2020 Kentucky Derby will be postponed from the first Saturday of May to the fifth day of September.

With this, bettors will have more time to choose the best colt who will run on the 146th Kentucky Derby at Churchill Downs. Moreover, if you are new to horse betting games, the things mentioned above may help you start placing your bet for the famous Run for the Roses.

Support Our Work!

We depend on your support. A generous gift in any amount helps us continue to bring you this service.

Poll

Who are you voting for president in 2020?

Subscribe to Our Newsletter

Facebook