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Kentucky Derby Betting 101

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by •May 2, 2013 •More Sports NewsComments (0)317

Other than the Super Bowl, no single event in American sports generates as much wagering from the general public as the Kentucky Derby.

Magic and mystique surround the infamous Churchill Downs attracting thousands of new bettors that flock to online race books to bet on their favorite horse.

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Most people are not aware but on Derby day, there are other horse races going on through out the day until the main event starts at 6pm, creating numerous opportunities to earn some extra cash!

Certain strategies are kept super secret, especially by my grandfather who lives at the track everyday. He says “I’m going to work” and not a word is heard from him until he has lost all of his money and comes home or if he wins big he takes out his “cell phone thingy” to make the call everyone loves to make: “I just won a TON of money!!”

The strategy I like the best is plain on picking the names of the horses I like. I advise you NOT to take this strategy as I’ve never won a thing……dammit.

But just like any other sport, there are NUMEROUS sites to place your bet at if your not lucky enough to attend the race itself. But before you start throwing your money down on some random horses, you might want to know the betting terms because you know…that always helps.

Hit the jump to see the common ways of how to bet on a horse race and what each term means….

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Any of these terms will show up wherever you try to place a bet for the Derby. Once you learn the terms then you can figure out which one of the 2013 Kentucky Derby Favorites you ‘ll want to choose.

 

Win

The horse must finish in first place.

 

Place

The horse must finish first or second.

 

Show

The horse must finish first, second or third.

 

Exacta

A wager picking the two finishers in a race in that exact order.

 

Exacta Box

A wager in which all posible combinations using a given number of horses are covered.

 

Trifecta

A wager picking the first three finishers in exact order. Called also “Triple” or “Triactor”.

 

Superfecta

A wager that picks the first four finishers in a race in that exact order.

 

Superfecta Box

You play four horses. They must finish first, second, third, and fourth in ANY order.

 

Superfecta Key

You play four horses. You chose one horse to win, called the key horse, who must come in first followed by the other three horses second, third, and fourth in any order to collect.

 

Quinella

A wager in which two horses must finish first and second in either order.

 

Daily Double

Type of wager calling for the selection of winners of two consecutive races.

 

Pick 3

Type of wager calling for the selection of winners of three consecutive races.

 

Pick 4

Type of wager calling for the selection of winners of four consecutive races.

 

Pick 6

Type of wager calling for the selection of winners of six consecutive races.

 

Parlays

Two horses from different races combined to win.

 

 

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