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A Bettor’s Guide to the Kentucky Derby

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A Bettor’s Guide to the Kentucky Derby

Fancy setting down a bet on the Kentucky Derby, airing live on NBC Saturday, but do not wish to appear to be a newcomer when you place your bet? For all you inexperienced bettors out there, here is a fast guide to betting on the Kentucky Derby that’ll have you sounding like a serious handicapper by the time Justify, Vino Rosso and Audible approach the starting gate. DECODING THE LINGO Odds-on many racing newcomers may not know what the odds mean. Whenever there are two numbers (e.g., 16:1 for Vino Rosso at time of writing based on displayed on a tote board at a racetrack or on a listing of bet alternatives, the first number (16) denotes the minimum amount of gain the wager will pay. The next number (1) will be the sum you need to bet to win the very first amount.Once the closing finishing places of a race are official, the monitor will bill the costs of the winning wagers. In the example, the horse will probably pay $16. The track will then include the $16 profit and the $1 wager together to derive the payout: $16 + $1 = $17. Lone Sailor in 50:1 would therefore pay $51 on a $1 bet. If a horse is quoted with only a single number, it’s implied that the lost second number is a 1. To put it differently, a 7 on the tote board signifies 7:1. So if you made a $2 wager, a bet on a horse with 7:1 chances would cover $16. That is because 7:1 is the same as 14:2, therefore $14 + $2 = $16. (In betting on horse races, payouts are generally based on a $1 bet.) Now that the odds makes sense, it is time to determine the type of bet you want to make. Here are some of the most Well-known bets: Sir Winston Takes Belmont in One Triple Crown Surprise Acquire Your horse must finish first to collect. Place Your horse must finish first or second to accumulate. Show Your horse must finish first, second or third to accumulate. Read more: