Wagering for Victory: Betting on the Kentucky Derby Online in 2022

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Betting online in Kentucky is legal in several countries, the majority of which also allow  betting on other races and events. There are numerous ways to wager on the Derby. This how-to-bet-the-Kentucky Derby guide includes an examination of current odds, wager kinds, and picks, as well as anything else you need to know about horse racing betting.

Currently, 31 states in the United States permit legal Kentucky Derby betting. Several racebooks are legally allowed to accept internet wagers, depending on the state. This means that Kentucky Derby betting is more accessible in more states, allowing a more significant
number of people to wager legally on the event.

What is the Kentucky Derby Horse Betting?

In the United States, the Kentucky Derby is the most-watched horse racing event.  Additionally, it is widely recognized as one of the world’s most prestigious athletic events and has evolved into much more than a horse race since its inception in 1875.

The Kentucky Derby, run by Woodford Reserve, is the first jewel in the well-known Triple Crown. The Preakness Stakes, which is run two weeks later, is the second jewel. There is a final race three weeks after the second leg. The Belmont Stakes in New York is where it all ends.

Due to the Kentucky Derby’s age restriction of 3-year-old racehorses, male or female, a Thoroughbred is only eligible to compete in the race once in their lifetime. Horses must be qualified for the Triple Crown before qualifying for the Kentucky Derby through a series of races in which the top four finishers gain points. The Kentucky Derby field is limited to twenty runners.

Is Betting On The Kentucky Derby Legal?

Yes, and depending on your location, your options for legal Kentucky Derby betting may vary.  For states that have legalized horse wagering, the majority of residents will have to visit their local horse racing track, which will offer simulcast race betting. Additionally, several states
allow you to use online racebooks that are based in the United States. Certain states, on the other hand, have neither of these two alternatives.

If you find yourself in that situation, you should know that there is one legal option available for you in the US, and that is to simply use an offshore online betting site. These websites are not subject to state or federal regulation and provide the most up-to-date odds for horse races year-round.

However, if you’re planning on betting the kentucky derby with TVG, it’s still safer to check your state’s restrictions about online betting. You’ll want to make sure that you’re having fun without the risk of getting yourself in trouble with the law.

Bets to Wager on the Kentucky Derby

When it comes to putting bets on horse races, the jargon and methodology used are much different from those utilized in typical sports gambling. Knowing the terminology is an essential aspect of winning the Kentucky Derby, so let’s look at some of the terms and how to place a wager on the race.

The Win, Place, Show

The conventional manner of wagering on the Kentucky Derby is by straight bets, including win, place, and show- all contingent on a horse’s performance.

Win
To win a wager, a bettor’s chosen horse must win the race to win a bet. That is as simple as it gets.

Place
The place wager provides an additional favorable outcome, such as the picked horse winning outright or finishing second.

Show
The show is the ultimate straight bet. Bettors win a show bet if the picked horse finishes first, second, or third. Making this decision effectively hedges a bit for a favorite who may finish close to the winner’s circle or for a bettor seeking a large payout on a long shot.

Vertical Exotic Bets
While win, place, and show wagers are synonymous with horse racing, the vertical exotic bets represent the next wagering level.

Exacta
To win an exacta wager, bettors must properly select the horses who finish first and second.

Trifecta
A trifecta wager is identical to an exacta wager except that the third-place finisher must be chosen. Bear in mind that for a trifecta to win, the bettor must select the correct top three horses in the proper order.

Superfacta
The superfecta requires an even more stringent set of criteria to be met. Bettors must correctly predict the top four finishers to win a superfecta wager.

Super High Five
The super high five wagers are likely the most challenging of them all. A bettor must correctly choose the top five finishers to win, which is a difficult task for even the most seasoned horse racing bettor.

Final Thoughts

Avoid being intimidated if the odds for the horse you selected are much higher than the other.  Horse racing is a pari-mutuel betting game, which means you are betting against other people’s money. When fewer people than expected believe your horse will win, the odds increase. There is considerable value in having a contrary opinion.