Fancy putting down a bet on the Kentucky Derby, airing live on NBC Saturday, but do not wish to appear to be a newcomer when you place your wager?
For many you inexperienced bettors on the market, here is a fast guide to betting on the Kentucky Derby that’ll have you sounding like a severe handicapper by the time Justify, Vino Rosso and Audible strategy the starting gate.
DECODING THE LINGO
Racing novices may not know what the odds imply. Whenever there are two numbers (e.g., 16:1 to get Vino Rosso at the time of writing based on VegasInsider.com) exhibited on a tote board at a racetrack or on a listing of bet alternatives, the initial number (16) denotes the minimum amount of gain the wager will pay. The second number (1) will be the sum you want to bet to win the first amount.Once the closing finishing places of a race are recorded, the track will probably bill the prices of the winning wagers. In the above instance, $16 will be paid by the horse. The course will then include the $16 profit along with the $1 bet together to derive the payout: $16 + $1 = $17. Lone Sailor at 50:1 would therefore pay $51 on a $1 wager.
If a horse is quoted with only a single number, it is implied that the missing second number is a 1. In other words, a 7 on the tote board means 7:1. So if you created a $2 bet, a bet on a horse with 7:1 odds would cover $16. That’s because 7:1 is the exact same as 14:2, so $14 + $2 = $16. (In betting on horse races, payouts are generally based on a $1 wager.)
Now that the chances makes sense, it is time to determine the sort of wager you would like to create. Here are a Few of the most popular bets:
Sir Winston Requires Belmont in One Triple Crown Surprise
Acquire Your horse must finish first to collect.
Place Your horse must finish first or second to accumulate.
Show Your horse must finish first, second or third to collect.
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