From there, you can choose your race, select your horses and your bet type, and lock in your wager on the Kentucky Derby. Thanks to a differing set of legislation for race books, the ability to wager legally online on horse races is much more widespread than traditional sports betting, which is regulated in only a handful of states.
Placing a bet on the Kentucky Derby is easy. Horse are listed in order of their odds to win the race. The first number listed is the amount that is paid out on a stake in the amount of the second number. The great thing about horse racing is that you can place a lot more than just a single bet on a horse to win.
You can choose the top three horses, the order of finish, and so on. How to Bet on the Kentucky Derby. By Kyle Scott September 4, Share on facebook Facebook. Share on twitter Twitter. Live Thoroughbred racing is held all year long. Both events are held in September. Additionally, the casino at Parx Casino and Racing is the top-grossing casino on the state.
Penn National Race Course first opened in It features live Thoroughbred racing all year round. There is a one-mile main track and a seven-furlong turf course. It opened the only synthetic surface track in the state in The one-mile oval track is made of Tapeta , which is a mix of sand, rubber, fiber, and wax, meant to hold up in bad weather.
It is now Mohegan Sun Pocono. Additionally, the biggest racing event at the track is its Breeders Crown series. Additionally, the midpoint of the track features a bridge hanging over the Delaware River. However, the casino on the property did not open until January Top racing events at the track include its Pennsylvania Stallion Series. The Meadows Racetrack and Casino home to a standardbred harness racing track that opened in as the first parimutuel horse racing track in the state.
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TVG and TwinSpires list the horse in order of their odds. Figuring out how much each horse pays out is simple. The first number listed pays out on a bet of the second number. For example, the favorite, Tiz The Law, is going off at odds. One of the exciting parts about horse racing is that there are a variety of different bets you can make on each race.
Elite Sports NY. Extra Stuff National. About Contact Cookies Privacy Copyright. See underlay. Two or more starters running as a single betting unit entry , when there are more starters in a race than positions on the totalizator board. Betting: 1 Race for which the track handicapper assigns the weights to be carried. Harness racing: A race in which performance, sex or distance allowance is made.
Post positions for a handicap may be assigned by the racing secretary. Post positions in a handicap claiming race may be determined by claiming price. A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet. The racing association usually makes up the difference. Probable odds on each horse in a race, as determined by a mathematical formula used by the track handicapper, who tries to gauge both the ability of the horse and the likely final odds as determined by the bettors.
Wagering at legalized betting outlets usually run by the tracks, management companies specializing in parimutuel wagering, or, in New York State, by independent corporations chartered by the state. Wagers at OTB sites are usually commingled with on-track betting pools. A form of wagering originated in by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Using a key horse or horses in different, but not all possible, exotic wagering combinations.
See wheel. A type of multi-race wager in which the winners of all the included races must be selected. A handicapping tool assigning a numerical value to each race run by a horse to enable different horses running at different racetracks to be objectively compared. See Beyer number.
An automated parimutuel system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets. The usually electronic totalizator display in the infield which reflects up-to-the-minute odds. It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. A racing surface that favors a particular running style or position. For example, a track bias can favor either front-runners or closers or horses running on the inside or outside.
Condition of the racetrack surface. See fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy. A wager picking the first three finishers in exact order. A trifecta wager in which all possible combinations using a given number of horses are bet upon. The sum of the formula is then multiplied by the amount wagered on each combination. Betting all possible combinations in an exotic wager using at least one horse as the key.
See part wheel. Make sure to check out our foal cams to see Diamond Creek Farm's newest addition. Trying to decide which horse to bet? Look for dropdowns in class level. Valentine's Day is just around the corner. Don't miss out on getting your loved one a t-shirt from our oldsmokeclothing collection!
This week's FoalFriday features the first foal of the year from hanovershoefarms! Did you know these horse ear facts? Early spring or six more weeks of winter?! Which do you prefer?
Last year, we saw Justify become the sixth straight favorite to win the Kentucky Derby as he held odds in the horse field of competition heading into the race. Ahead of the monumental race, there are several other events that will have an impact on how the field is shaped up. This includes seven championship series race that spans from the end of March on through mid-April. Each of these competitions will give qualify points to the winner, 50 points to the second pace, 20 points to the third spot, and 10 points to the fourth place finisher.
From these seven races, the top-two finishers will have the privilege of earning a spot in the starting gate for the Kentucky Derby. On top of that, heading into those seven championship races there will have already been several horses qualified for the prestigious event.
This huge event will certainly draw a high number of wages from around the country. The places that this race can be betted upon will be at racetracks, simulcast centers like Off Track Betting Centers along with deposit wagering platforms like TwinSpires.
On top of that, there can be legal bets made in the state of Nevada at their plethora of casinos with race and sportsbooks. This is without a doubt the most difficult part of the process as it is a tall task to predict how the horse field will play out. There are a plethora of ways it can unfold as the competitors for the race have gone through 36 previous events just to prep for the Kentucky Derby. There are several things that can be looked upon in advance of the race that includes performance charts, speed figures, class rating, tracks and bias, jockey and trainer stats, and horse pedigree.
This just speaks to that there are many different ways to go about the entire process. Placing a bet on the Kentucky Derby is easy. Horse are listed in order of their odds to win the race. The first number listed is the amount that is paid out on a stake in the amount of the second number. The great thing about horse racing is that you can place a lot more than just a single bet on a horse to win.
You can choose the top three horses, the order of finish, and so on. How to Bet on the Kentucky Derby. By Kyle Scott September 4, Share on facebook Facebook. Share on twitter Twitter. Share on linkedin LinkedIn. Share on email Email.
If you bet a horse to place, they can finish first or second. In this case, you will cash a winning ticket if your horse is in the top two. The show bet extends a winning ticket to your horse finishing in the Top 3. The return on a show bet would be marginal. This means you are betting them to Win, Place and Show. When it comes to reading horse betting odds, there are a few things to keep in mind.
First, there is an opening betting line and the closing betting line. These are set according to the amount of money that was bet on them to win. The two most common exotic horse bets are the exacta and trifecta. The exacta pertains to betting one horse to win and another to place finish 1st and 2nd. The trifecta stretches this bet to the top three horses in the final running order.
In order to win, the horses you bet must finish in the exact order you bet them. However, you can box that bet as a hedge. Now, either horse can finish first or second and you would still win. Taking things one step further, a superfecta extends the bet on the finishing order to the top four horses. Other examples of exotic bets would be the Daily Double, Pick 3 and Pick 4.
These all pertain to picking the correct winning horse in consecutive races. Two races in a row is the Daily Double, three would be the Pick 3 and betting four winners in four straight races would be the Pick 4. The Kentucky Derby may be the most popular horse race in the world but it is also the largest in terms of the size of the field.
Open to the best three-year old Thoroughbreds, this field expands to 20 entries. The actual field is determined by an extended series of Kentucky Derby prep races that begin when these horses are juveniles or two years old. Qualifying points are collected for finishing in the top four of these designated preps.
The contenders with the most points up to 20 will earn a place in the Kentucky Derby field. Many online sportsbooks will post futures odds to win the Kentucky Derby. These odds are posted well in advance of the race and constantly updated. Betting futures for this race is a great way to maximize the value in some of the betting odds. Second on the list is Honor A. This colt is the great grandson of Seattle Slew, who was one of the greatest racing horses of all time.
Post, King Guillermo and Max Player. Heading into the month of July, there are still more than half a dozen Kentucky Derby prep races on the board. Bet with your head, not over it! Gambling Problem? Call Gambler! We advise you to read these carefully as they contain important information.
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Account must remain in good standing during the promotion period to remain eligible. Note to readers: we may earn a commission from the offers and links on this page. Mandatory Credit:…. Best Horse Betting Sites If you are looking to get into horse race betting, you will need to choose…. COM If you have ever been to a live horse racing track or off-track…. Oh yes! KentuckyDerby post positions are out and we are officially into Derby week.
Yes, betting the Kentucky Derby online is legal in PA. Just to clarify, yes, you can bet on horses via online sites in PA, but PA Sports Betting online is not yet active in the state. Both sites accept horse racing bettors for online horse betting in the following states:. There are several different types of wagers and bets that can be placed. There is the typical Exacta first two , Trifecta first tree , Superfecta first four , and Super High Five first five wagerings that can all be made for the event.
Along with that, bettors can also put money on just the horse they believe can win the race as well as betting on the place if the horse picked finishes first or second. Last but not least, there is a show bet that turns out the least amount of winnings if the horse selected finishes in either of the top three spots. Last year, we saw Justify become the sixth straight favorite to win the Kentucky Derby as he held odds in the horse field of competition heading into the race. Ahead of the monumental race, there are several other events that will have an impact on how the field is shaped up.
This includes seven championship series race that spans from the end of March on through mid-April. Each of these competitions will give qualify points to the winner, 50 points to the second pace, 20 points to the third spot, and 10 points to the fourth place finisher.