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RacingBetter News
Thursday 3rd September 2020
   
2020 Kentucky Derby Betting Odds: How To Increase Your Chances Of Winning

Horse racing is just one of the most popular sports in the US. In fact, horse racing is the third most popular sport that Americans like to bet in, behind American football and basketball.

Kentucky Derby

That’s a really surprising fact, especially if you consider that horse racing has been around since the ancient times. It’s true that horse racing is not the most thrilling sport out there, but many people are still following it because they are in it to bet on it.

Almost everyone who watches or follows horse racing will surely place a bet. But only a few of them will actually win. There are also some people who just place small bets as a form of entertainment, so they don’t really care whether they win or not.

If you want to get serious about winning a horse race, especially the coming 2020 Kentucky Derby in September, there are several ways to increase your chances of winning.

1. Do Your Research

Thousands of people across the US bet millions of dollars into the Kentucky Derby every year. However, only a tiny percentage of those bettors will actually win. That tiny percentage includes people who did their research to help them decide which horse to put their bets on. You don’t have to do extensive research, having a quick look at the current Kentucky Derby jockey odds before placing a bet is enough to increase your chances of winning significantly even if you’re just new to horse racing.

You don’t need to know all the information about the horses that are competing. By simply looking at the odds, you’ll be able to quickly determine which horse to bet on. Betting on a horse with the best betting odds is usually the most sensible option, especially for beginners. But if you have been betting for a very long time, you should trust your gut more than anything. 

horse race

2. Take A Good Look At The Horses

If you seriously want to increase your chances of winning a horse race like the Kentucky Derby, you must learn more about the horses that are competing in the race. 

As with any other sport, the athlete’s physical appearance is an important determining factor for finding out who’s going to win the competition. Horse racing is no different. What your eyes see about the horses before the race is a very helpful tool for deciding where to place your bets. 

So before you place your bets, it’s a good idea to check on the horses first and see their current conditions, as well as their recent performance in their previous races. But doing this requires certain knowledge about horses, which means it’ll require some time before you can master this skill.

But once you do, you’ll be able to determine which horse is in good condition or not even if you’re just looking at the screen. If you combine this skill with current betting odds, your chances of winning will multiply even more.

3. Pay Attention To The Jockey

It’s not just the horse that you have to pay attention to when placing your bets. Jockeys also play a significant role in horse racing. They can either make a horse run very fast or run very slow.

There are many good horses with very good betting odds in the Kentucky Derby who suffered from embarrassing losses because of the incompetence of their jockeys. There are even many instances where a horse with all the odds against him is able to win the race because of the skill and proficiency of the human who’s riding him. A good and successful jockey must be able to unleash the full potential of a horse regardless of the breed and must have a history of winning.

Gather some information about the jockey who’s riding the horse as it will give you an edge when horse betting. 


4. Practice, Practice, And More Practice

You have to be extremely lucky to win a big prize in a horse race. Keep in mind that winning a horse race doesn’t happen in your first attempt. If you seriously want to increase your chances of winning a horse race, you’ll have to learn a lot of things and be very patient with the whole process. You have to learn how to manage your betting money, research about the horses, and familiarize yourself about the rules of betting. 

Takeaway

Betting on a horse race like the Kentucky Derby is undoubtedly fun, not to mention that you can earn some very big money from it. Increasing your chances of winning in a big horse racing event like the Kentucky Derby requires time and patience. You may experience some losses at first. But if you just don’t get disappointed with the losses and continue to practice, you’ll increase your chances of winning the next time you bet.