The Kentucky Derby is one of the most popular sporting events in the US that has been around for more than 146 years.
With the 2022 Kentucky Derby right around the corner, we’re looking at how to create a good Kentucky Derby betting strategy, what type of bets you can make, and what you should consider when betting the Kentucky Derby in 2022.
Let’s dive in.
How To Bet on the Kentucky Derby?
The Kentucky Derby takes place every year at Churchill Downs, in Louisville, Kentucky, United States, and it almost always lands on the first Saturday in May.
If you want to place a bet, you don’t have to be at the actual race track– you can place a wager at a nearby racetrack or on a legitimate online sportsbook, whenever you like to, as long as there are Kentucky Derby odds for 2022 available and the window hasn’t closed.
In most situations, it’s best to bet close to the race, since the odds can change by the time the race starts.
Here’s how to place a wager on Kentucky Derby betting sites:
- Register or log into the betting platform of your choice that offers 2022 Kentucky Derby odds.
- Select the Churchill Downs track.
- Choose a race number of the Kentucky Derby (Most of the time, it will be placed second to last on the bookies’ racecard)
- Pick a horse to bet on.
- Select your wager type.
- Fill in the amount you want to bet.
- Submit your Kentucky Derby bet slip.
Different Types of Bets You Can Make
There are many types of bets you can make on the Kentucky Derby, including on a horse, a jockey, flat racing, jump racing, harness racing, and endurance racing.
If you want to make the most out of your bets, you should look for Kentucky Derby tips, research horse breeds, analyse previous results, check how the team and the trainer performed in their previous races, and hear what experts have to say on the matter.
The most popular bet types for the Kentucky Derby are:
- Standard wagers
- Single-race (vertical) exotics
- Exacta Bet
- Quinella Bet
- Trifecta Bet
- Superfecta Bet
- Super High 5
- Multi-race (horizontal) exotic
Bottom Line
There are many bookies out there that offer odds for Kentucky Derby betting. Before placing a bet, it’s important to find a reputable bookmaker and make sure they are licensed and authorised to operate in your region.
When picking a winner, you should consider several factors, such as past performance, race style, track type, distance, trainers, and jockeys. This will improve your chances of winning the bet and if you’re into horse racing, you’ll have a lot of fun learning more about the sport.
FAQ
How much is bet on the Kentucky Derby?
The current record for the total bet amount placed on the Kentucky Derby race itself, which was set in 2019, is $165.5 million. The minimum bet for a place, show, or win wager is $2.
Can I place a bet on the Kentucky Derby online?
Placing bets on the Kentucky Derby online is the easiest way to bet on one of the world’s most spectacular horse races. It’s not as fun as being trackside for the races, but you can still get in on the fun by betting on your favourite horse from the comfort of your couch.
How do you read Kentucky Derby odds?
The Kentucky Derby odds indicate the profit you can walk away with if your bet is a winner. Odds of 7-2 mean that for every $2 wager you place, you’ll get $7, for a total return of $9 ($2 initial wager + $7 profit).
How do Kentucky Derby bets work?
35% of favourites win their races at the Kentucky Derby. This means that if you opt for a Kentucky Derby betting strategy where you place a bet on the favourites for all 12 races, you could potentially win 4 to 5 races in that series of horse racing events.