Hobbies And Interests
Things You'll Need
Instructions
The Kentucky Derby is a 1 and 1/4 mile race for 3-year-old Thoroughbred horses. What this means to you, the fan is that the race is fast - so you need a fast horse. Visit the site www.equibase.com to find out each horse's average speed racing. The higher the rating, the faster the horse.
Another method? Bet on the favorite. Sure it takes some of the guesswork out of betting, but it's effective. Four of the favorites in the last 12 years have won the Derby, meaning you have a pretty good chance of getting a return on your investment.
Want to win money, but not necessarily pick the winner? Finance and racing guru Don McNay suggests picking the favorite to show, not win or place. When you bet "to show," this means you make money if your horse finishes anywhere in the top three spots. One of the most popular bets on race day, betting to show produces a winner 52 percent of the time.
Looking for a bet most likely to pay off? Don't put all your chips on exactas, daily doubles, or any other bet that requires a large amount of risk. There's a reason the payouts are bigger for these types of bets - they rarely ever win!
If all else fails, do what a large portion of the American population does: bet on instinct. Maybe you like the name, maybe you like the color of their silks - whatever the reason, going with your gut may not win you big bucks, but it can be a lot of fun!