What better way to spend your weekend than by checking out a horse race? The Kentucky Derby is the most prestigious horse race in the country, and many people make a day of it by attending the event.
Set your odds and payouts
If you’re new to placing bets, odds are important. Odds tell you the chance of your horse winning. A 3 to 1 or 4 to 1 odds means that for every $100 bet, your horse will win $300. A 2-to-1 odds means your horse has a 50% chance of winning. Unless you’re a seasoned handicapper, it’s best to stick to the majority of race tracks.
Some tracks will let you bet on 3-to-1 odds, but you should only do that at your own risk. Even experienced bettors know you can take a loss as well as a win, and 3 to 1-odds are a very risky bet.
Don’t skip the form
When you’re setting your odds, make sure you fill out the correct form. The form is the document that tells the bookie how much you’re betting and how they’re paying you back. Make sure you have the correct amount of money in your chosen payout method, as well as the correct number of days to wait before receiving your payout.
Sum up form and betting strategy
You’ve set your odds, filled out the payout form, and verified that your bank account is ready for the payout. Now you’re ready to place a bet on the Derby. Before you place your bet, make sure you’ve got a good racing strategy. It’s best to have a betting strategy before placing each bet.
A betting strategy is simply a way to predict the outcome of a race. Some people like to study past Derby winners and use that information to predict the results of the race.
Get to a calculator
If you want to get to a calculator, there’s no better way than to ask a fellow attendee. You’re at the Kentucky Derby, not the Super Bowl. You’re sure to get some great tips from your fellow attendees, and you can even ask them to give you some bets if you’re too nervous to bet.
Find a trustworthy bookie
To place any bets, you’ll want to find a trustworthy bookie. Because there are no federal regulations on bookies, you should not trust all of them. Here are a few tips for finding a safe and trustworthy bookie. First, always check their license.
Several sites have unlicensed bookies. You can find the bookie’s license number on the bookie’s site or on the license application you received when opening an account. Next, find a bookie that has positive feedback. Positive feedback is simply a thumbs-up from others who have used the bookie.
How much should I bet?
Many betting guides tell you how much to bet on the Derby. However, in general, the betting guides that tell you how much to bet are not very reliable. The best advice is to find a place where you feel comfortable betting, then place a bet that you’re comfortable with. If you’re new to betting, start with a small amount and build up from there.
Bottom line
Once you’ve found your bookie and set your odds, it’s time to place a bet on the Kentucky Derby. Derby day is Sunday, so make sure you’re at the track early, or even arrive an hour before the race starts. Scan the crowd for your friends, family, or whoever is willing to give you good tips for the race.
Once you’ve found your people, you can ask them for their pick. Once the race starts, have fun watching the Derby and see if you can find a good winner. It should be a great weekend!
