RacingBetter News
	Wednesday 16th March 2022

5 Tips to Follow Before Placing Your Bet in the Kentucky Derby

The Kentucky Derby is one of the most iconic horse races globally. Every year, it draws hundreds of thousands of people to Louisville, KY, and has been around for over a century! Bettors from all over the world come to Louisville to try their hand at successfully picking the winner.

The race is only two minutes long, but it's a thrilling two minutes! The horses charge down the track. And the crowd erupts in cheers depending on which horse crosses the finish line first.

If you're thinking about betting on the Kentucky Derby, here are a few things you should know.

Know the Weather

To make an informed decision about who to bet on, bettors need to be aware of the weather forecast for the race. If it is expected to rain, that could affect the race's outcome.

The Kentucky Derby is usually held on every first Saturday in May. And the weather during this period is mostly sunny, with an average temperature of about 70 degrees. However, there is a slight chance of rain.

So what does this mean for bettors? If it rains, the track will most likely be wet, affecting the race's outcome because some horses do not run as well on a wet track.

That said, if you, unfortunately, bet on a horse that doesn't do well in the rain, you might lose your money.

Always Check the Odds

It's important to always check the odds leading to the Kentucky Derby. The sportsbook sets the odds, determining how much you can win. The higher the odds, the more you can win.

For example, if you bet $100 on a horse with 20 to one odds, you would win $2,000 if that horse wins. However, the lower the odds, the less you can win. For example, if you bet $100 on a horse with odds of two to one, you would only win $200 if the horse won.

Sportsbooks also consider the amount of money bet on each horse. They do this to ensure a fair chance of winning for everyone who bets on the race.

So, it's essential to look at the odds and determine how much you can win before you place your bet. You don't want to put all your money on a horse with long odds and then lose. However, you also don't want to bet all your money on a horse with short odds and not win. For more info about the kentucky derby odds, be sure to check out reliable sportsbooks.

Betting on the Favourite

In the Kentucky Derby, betting on the favourite has been a winning and profitable proposition in recent years. Favourites have won six of the last eight Kentucky Derby Editions.

It proves that betting on the favourite is not always a bad idea, despite what some gamblers think. The most common way to bet on a favourite is to "win," which means your horse must finish first.

Or you can bet the favourite to "place," which means that your horse must finish either first or second. Another way is to bet the favourite to “show," which means that your horse must finish in the top three.

The payoff is usually lower than betting on a long shot, but you have a better chance of winning.

Understand the Horse Racing Styles

Bettors need to understand the different running styles of horses to make informed bets. There are three main running styles: front-runners, stalkers, and closers.

Front-runners are horses that like to run upfront and take the lead. They usually have a lot of speed and like to run fast. In contrast, stalkers are horses who like to stay behind the leaders and then move at the end of the race.

Lastly, closers are horses that like to run at the back of the pack and then make a strong finish at the end. If you know which type of horse is running in a race, you can better predict how the race will unfold and who might be the winner.

For example, if you know that a horse is a front-runner, you would not want to bet on it in a race where the other horses are known to be faster. Similarly, if you know a horse is a stalker, you might want to bet on it in a race where the front-runners are expected to tire out.

Research the Trainers

Trainers are the most influential people involved in the sport. They are responsible for getting the horses in peak physical condition and teaching them how to run correctly.

Some of the most notable trainers include Aidan O'Brien, Bob Baffert, and D. Wayne Lukas, while some of the most famous jockeys include Jerry Bailey, Julie Krone, and Pat Day. Betting on a horse trained by one of these famous trainers or ridden by one of these famous jockeys can be an excellent way to increase your chances of winning.

Bottomline

The Kentucky Derby is one of the biggest and most popular sports betting events. If you're planning on placing a bet on this race, make sure you follow these tips to give yourself the best chance of winning.