Types Of Wagers For Kentucky Derby
Whereas other sports may have bet types exclusive to the event, legal Kentucky Derby wager types are always consistent. There are several types of horse bets to learn, but once you understand them you will be able to wager on the Run for the Roses- or any other race. Horse enthusiasts should also know that no matter where your bet is placed, the types of bets offered will likely be the same. The bet minimums may differ slightly (i.e $1 versus $2) but the ways to wager on the Kentucky Derby will be the same at Churchill Downs, an off-track betting facility, or at an online sportsbook.
- Types Of Wagers Available For Kentucky Derby
- Types Of Bets For Kentucky Derby
- Bet Kentucky Derby
- How To Qualify For Kentucky Derby
Learning how to bet on the Kentucky Derby starts by knowing all of the various horse bet types. Millions of people bet on the Kentucky Derby each year, some of which are experienced and others that only bet on the first jewel of the Triple Crown. Either way, these are the horse bet types for legal Kentucky Derby betting.
Win, place, and show are the three most common types of wagers, and ones that even beginner betters can remember. How to Wager and Bet at the 2020 Kentucky Derby (Guide) Posted by Kristen Doolan on May 01, 2020 Just like extravagant hats, bright colors and Mint Juleps, betting and wagering are a staple you will find within the gates of Churchill Downs® at the Kentucky Derby.
The first category that legal Kentucky Derby wager types fall into is ‘straight bets’. Straight bets are simple, involving one horse and one race. Here are the straight horse bets that you make on the. Kentucky Derby 2021 Contenders - Derby 2021 - Road to the Derby - Derby 2021 - Derby Prep Replays - Derby Radar. Triple Crown Races. You can filter by odds such as longshots or beatable favorites. And of course, you can filter by wager type. Track Type – Some horses race better on different types of tracks. Whether it be turf, dirt or artificial (synthetic). For the Derby you want a horse that has had some kind of success on a dirt track.
The first category that legal Kentucky Derby wager types fall into is ‘straight bets’. Straight bets are simple, involving one horse and one race. Here are the straight horse bets that you make on the Kentucky Derby:
Win – A Win bet is a wager on your horse to win the Kentucky Derby. It’s that simple. As long as your horse comes in first, you can collect the payoff.
Place – A Place wager is a bet on your horse to finish first or second in the Kentucky Derby. The payoff will be less than a Win bet because there is less risk, but the amount will be the same regardless of if your horse finishes first or second.
Show – Wagering on your horse to Show means that the horse can finish anywhere in the top 3 of the Run for the Roses. First, second, and third place are all winners when you make a Show bet.
Exotic horse bets can be placed on several horses in a single race or multiple races. Of the legal Kentucky Derby wager types, these bets are more complicated and therefore offer higher payouts. Unless making a combination bet, you will need to wager on the exact finishing order of the horse. Many horse enthusiasts find these types of wagers more exciting because they offer more variety than traditional horse bets. The various types of exotic horse bets are listed below:
Exacta – To win an Exacta, you must select the first and second place finishers in exact order. Correctly wagering on the winner and runner-up is considered the simplest of exotic wager types.
Trifecta – Trifecta bets add an additional finish to the exacta, therefore increasing your payoff. You have to pick the first, second, and third place horses in specific order.
Types Of Wagers Available For Kentucky Derby
Superfecta – A Superfecta Kentucky Derby wager means that you must pick the top four finishers of the race in the correct order. This is the hardest single-race exotic horse bet.
Box – You have the option to box exotic bets so that the wager includes several combinations, rather than having to select the exact finishing order. For example, a Kentucky Derby Trifecta Box with horses 3,4, and 5 would mean that those three horses could finish 4-5-3, 5-4-3, 4-3-5, etc. In this instance, there would be six possible combinations for a winning ticket but you can add as many horses as you want to a boxed bet.
Double – A Double is traditionally a multi-race wager where you bet on the winners of the first two races of the day. At Churchill Downs, there is also a Kentucky Oaks/Kentucky Derby Daily Double where you can bet on the winner of each race.
Pick 3/Pick 4/Pick 6 – These bets require selecting the winners of 3, 4, or 6 consecutive races on Derby Day. For example, you can bet on the horses that will win Race 1, Race 2, and Race 3 of the card. One of the most difficult horse bets to make, bettors are drawn to Pick 3’s, Pick 4’s, and Pick 6’s for their prolific payouts.
Simply put, line shopping is when you pick a particular line and compare it to lines posted at least one other online racebook. Consider Kentucky Derby line shopping the same as you would shopping for a new laptop. You want to get the best price on your new toy, and if Best Buy is cheaper than the Sony store you will go with the former. The best line translates into a much better payout and the greatest return on your investment. This is especially true when it comes to high rollers horse betting, where choosing the wrong line can cost you thousands.
The process for placing a legal Kentucky Derby wager is simple, whether at a track or online. If you are at a live venue, go to the pay window and give the following information:Name of the track (If you are not at the venue)
- Race Number
- Bet Amount
- Type of bet
- Number of the horse(s)
You will use the same information when using an online racebook, but you can enter it yourself. Visit the Churchill Downs page of the horse racing betting site and you will then see the horses, jockeys, and morning line odds posted for the Kentucky Derby field. You can select your horse and the type of bet that you would like to place, then add your picks to your bet slip. The same legal Kentucky Derby wager types discussed will be featured within the racebook. Enter the amount of your wager, then review and confirm.
The minimum horse bet requirements can differ depending on where you place your bets, but not by much. Also, the type of legal Kentucky Derby horse wager that you place will also factor into the minimum. We have provided the current bet minimums from Churchill Downs for each type of wager:
- Win, Place, Show Bets - $2
- Exacta - $2.00 straight, $1 boxes
- Superfecta & Daily Double - $1
- Trifecta, Pick-3, Pick-4 and Pick-5 wagers - $.50
- Pick-6 - $2.00
| Race Day: |
| September 5, 2020 |
| Post Time: |
| 7:01pm EDT |
| Race Day: |
| Churchill Downs |
| Track: |
| Louisville, Kentucky |
| Track Length: |
| 1.25 Miles |
- RANK
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Kentucky Derby and Oaks Future Wagers allow racing fans to bet on potential contenders in the Derby and Oaks before the races’ final entrants are determined.
Types Of Bets For Kentucky Derby
The traditional Kentucky Derby & Oaks Future Wagers are an opportunity for fans to bet early in the racing season on horses whom they think have the potential to earn a spot in the starting gate and go on to win the Kentucky Derby & Oaks races. Future Wager bets typically offer larger payouts than betting the same horse on race day because it is not yet known which horses will ultimately qualify to run in the Derby & Oaks.
November 26th - 12 PM - November 29th, 2020 - 6PM
Kentucky Derby Future Wager Pool 1 (Closed)
November 26th - 12 PM - November 29th, 2020 - 6 PM
Kentucky Derby Sire Wager (Closed)
The Kentucky Derby Sire Future Wager lets fans wager on world-class sires (a horse’s father), winning if any one of their offspring wins the Kentucky Derby.
January 22nd - 12 PM - January 24, 2021 - 6 PM
Kentucky Derby Future Wager Pool 2 (Closed)
February 12th - 12 PM - February 14th, 2021 - 6 PM
Kentucky Derby Future Wager Pool 3 (Closed)
March 5th - 12 PM - March 7th, 2021 - 6 PM
Kentucky Derby Future Wager Pool 4 (Closed)
March 5th - 12 PM - March 7th, 2021 - 6:30 PM
Kentucky Oaks Future Wager Pool 1 (Closed)
Bet Kentucky Derby
March 5th - 12 PM - March 7th, 2021 - 6:30 PM
Kentucky Oaks/Derby Double Future Wager (Closed)
March 26th - 12 PM - March 28th, 2021 - 6 PM
Kentucky Derby Future Wager Pool 5