The Kentucky Derby is a prestigious horse race held in Louisville, Kentucky, hence the name Kentucky Derby. The race, which lasts about two minutes, attracts punters from all over the world and is loved by countless Americans. Other names for the Kentucky Derby are “The Run for the Roses” and “The Fastest Two Minutes in Sports” or “The Most Exciting two minutes in Sports.”
The Kentucky Derby is well attended and is most viewed, especially in America. It typically draws millions of people despite its shortness. It brings a lot of festivity and fun after the race.
The road to the Kentucky Derby is a 35-race series, although the final, which is the Kentucky Derby itself, only last two minutes as a single race around the one and quarter miles Churchill Downs track.
When Is the Kentucky Derby?
The Kentucky Derby is held in May. It’s an annual event. In 2020 it was moved to September due to the pandemic. In 2022 it went back to its usual time, and May celebrations were held on the 7th.
Bet the Kentucky Derby at TwinSpires
You must sign up, fund your account, place a bet, and select your strategy. It’s recommended to sign up earlier and fund your account before the Kentucky Derby Day, so you’re ready to bet on the day. You can always check the TwinSpires deposit page to find the banking options.
As a TwinSpires customer, you’ll get the following:
- 365 Days of horse racing entertainment
- Live horse race streaming and instant replays
- Some free handicapping resources
They also have a Kentucky Derby Calculator to learn the cost of your bet and determine your possible win.
An Explanation of Horse Racing Odds
Below we’ll look at the horse racing odds and what they mean.
What Do Odds Mean?
Odds are the payout you get if the horse you’ve made a bet on wins. They show the amount of money bet on your horse: the bigger your bet, the shorter your odds.
When horse racing odds are shown as 7-2, 5-1, etc., this shows the amount to be won instead of the amount invested. So the odds 7-2 mean that for every $2, you’ll get a $7 profit. When you bet $2, the total return is $9 if you win.
TwinSpires uses the pari-mutuel system. In this case, all bets are placed in separate pools. A proportion of the pool is then withdrawn to be invested back into racing, and the rest of the funds are paid out to the winners.
Unlike the odds format (7-2, 5-1) we mentioned before, the mutual payoffs include the original investment and not just the amount to profit. The minimum bet amount with mutual payoff is $2. To calculate the payout with a $2 bet, you divide the first number by the second number in the odds, multiply by two and then add the minimum $2 bet.
Therefore for a horse at 7-4, divide 7 by 4, then multiply by 2, and then add 2 for a final payout of $5.50.
Exotic wagering means having longer odds for bigger payouts. Your wagers should be on multiple horses in a single or multiple races.
Here are the common wagers
- Exacta – where you predict the first two horses in the race in their correct order.
- Trifecta – where you predict the first three horses in a race in their correct order.
- Superfecta – where you predict the first four horses in a race in their correct order.
Betting strategies for exotic wagering may vary, including box, wheel, and key. You can either have a box exacta, box trifecta, or box superfecta, and it’s the same for wheel and key, which you can bet as exacta, trifecta, and superfecta.