A Bettor’s Guide to the Kentucky Derby
Fancy putting down a wager on the Kentucky Derby, airing live on NBC Saturday, but do not want to look like a novice when you place your bet?
For all you inexperienced bettors out there, here’s a fast guide to betting on the Kentucky Derby that will have you sounding like a severe handicapper by the time Justify, Vino Rosso and Audible strategy the starting gate.
DECODING THE LINGO
Odds-on many racing newcomers may not know what the odds actually imply. Whenever there are two numbers (e.g., 16:1 for Vino Rosso at the time of writing based on VegasInsider.com) displayed on a tote board at a racetrack or on a list of wager alternatives, the initial number (16) denotes the minimum amount of profit the wager will cover. The next number (1) will be the sum you need to bet to win the very first amount.Once the final finishing places of a race are recorded, the monitor will post the prices of this winning wagers. In the instance, the horse will probably cover $16. The course will then include the $16 profit along with the $1 bet together to derive the payout: $16 + $1 = $17. Lone Sailor at 50:1 would pay $51 on a $1 wager.
When a horse is quoted with just a single number, it’s suggested that the missing second number is a 1. In other words, a 7 on the tote board signifies 7:1. Therefore, if you made a $2 wager, a bet on a horse using 7:1 odds would pay $16. That is because 7:1 is exactly the exact same as 14:2, so $14 + $2 = $16. (In betting on horse races, payouts are generally based on a $2 bet.)
Now that the chances makes sense, it is time to determine the sort of wager you want to make. Here are a Few of the most Well-known bets:
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Win Your horse must finish first to accumulate.
Place Your horse must finish first or second to accumulate.
Show Your horse must finish first, second or third to collect.
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