The Story of the Kentucky Derby
Kentucky Derby is one of the oldest and conventional sporting events which are the horse racing events that take place annually in the United States of America. It is an annual event that has been conducted at the Churchill downs of Louisville Kentucky and was started in 1875. Because of this, it is sometimes referred to as ‘The Run for the Roses,’ and many of these fans- from the United States and other corners of the globe – find themselves viewing through their home screens.
This is not only the horse race. It is bigger and better, full of lace and tradition, pomp and ceremony as compared to the Breeders’ Cup. Business attires and the elegant presence of women and men is quite evident even from the appropriate placement of the stylish hat. That is why betting on the Kentucky Derby is such an incredible idea because people get a chance to learn history and culture, and also wager on a race.
How to Bet on the Kentucky Derby
So if you are a beginner in the field of betting on the Kentucky Derby, you may feel that it is a bit complex but actually, it is not when you get to know some of the key factors. Whether you’re betting at the track or online at 20 bet online, here are the most common types of bets you can place:
1. Win, Place, and Show Bets
These are the easiest strategies that one can ever work on.
- Win: You are staking your money on your chosen horse to win the race Also known as win betting.
- Place: You are staking on a horse to come in 1st or 2nd position of the race.
- Show: When speaking of horse racing, you expect the particular horse to come out in the first three, for instance.
2. Exacta, Trifecta, and Superfecta Bets
These bets are a little more risky than the previous ones. So be sure of yourself before you try them.
- Exacta: You have to point to a first and a second horse hence, you actually have to choose the correct combination of horses in the correct order.
- Trifecta: You have to bet on the selection of the first three horses, to come first, second, and third respectively.
- Superfecta: Your task is to forecast the four horses that will first finish the race, selecting them in their right order.
As compared to the previous ones, these bets are more challenging to win, but they will give much higher rewards. As little as $1 on the exacta or trifecta gets a big payoff if the choice is made correctly.
3. Boxed Bets
A boxed bet entails the selection of a number of horses without necessarily ordering them, and this makes its chances of winning high.
- Exacta Box: It stops at two horses and they can come in the first or the second.
- Trifecta Box: You select three horses which in your opinion will place first, second, or third, the order does not count here.
In terms of value, boxed bets will cost more since you’re betting in batches whereby you can be really unclear about the ordering of the winners but would still want to cover them all.
4. Betting on Odds and Favorites
In the Kentucky Derby, each horse is assigned odds and these odds are based on the potential of the horse to win. Since favorites have lower odds they give a meager amount of money, while betters who have high odds are obliged them quite a good deal of money in case they win.
5. Betting Online
The Kentucky Derby race is a favorite of many horse lovers and enthusiasts and betting on the event online at 20bet PH is made easy if you cannot travel to the venue. Currently, there are so many websites that provide live streaming and the placing of bets can also be done by using the phone or computer. There is a list of requirements that a sports betting website must meet: competitive odds, a wide choice of bets, and a pleasure to work with.