kentucky derby 2021 betting payout

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Betting correlated parlays sports bets are one of the most profitable products sportsbooks can offer their customers. When bettors place a straight bet, the theoretical hold for the house is 4. On parlay bets, this profit margin is effectively multiplied by the number of bets, or legs, included in the parlay. A parlay is considered correlated when the outcome of one of the bets in the parlay would have considerable influence on the outcome of another bet in the parlay. Combining these bets is such an obvious winning strategy that no sportsbook will allow you to place them. For USC to cover the

Kentucky derby 2021 betting payout epsom oaks 2021 betting tips

Kentucky derby 2021 betting payout

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This position may be of dubious logic to say the least, but it was surprisingly effective in helping horse racing gain traction across North America during the 20th century. The tote board is still the primary data center for the horse racing enthusiast. To be sure, there are plenty of other sources of horse racing and handicapping data today, but the tote board remains the focal point of the horse racing experience.

Regardless of how you bet, this is the essential information:. The information listed above is in the correct order for calling a bet at the track. It would sound like this:. It helps to write down your wager before you head to the window. Once you get your tickets, quickly look at them to make sure everything is right. If you catch a mistake at the window, it can be corrected. And tip your ticket writer, especially if you hit a big score. The organization of online horse betting sites is usually in the same order as above—track name first, then race number.

Note that the information above is for any straight bet win, place or show. Kentucky Derby bets are usually divided into two categories—straight bets and exotic bets. As the name implies, straight bets involve wagers on a single horse in a single race to either win or finish near the front of the field. Exotic bets involve either multiple horses in a single race or one or more horses in multiple races. If the horse you bet on wins, you cash your ticket.

As far as placing a win bet goes, the example we used above is appropriate here:. That amount is then divided by the amount wagered on each horse to determine actual payouts. These concepts apply to sports betting moneylines and point spreads as well. Another point worth mentioning here—North American tracks quote odds as fractions but tracks in the rest of the world usually quote them as decimals. In some cases, the betting odds on a favorite horse at Kentucky Derby will be less than even money.

So our profit on this bet is. American Pharoah won the race and cashed all three straight bet types win, place and show. Firing Line finished second and cashed place and show bets. There are exceptions and the Kentucky Derby was one of them. American Pharoah went off as a favorite while Firing Line was Takeout at Churchill Downs is The race track, race book or online betting site will do the math for you. Then subtract the amount of money wagered on your horse plus the highest amount of place money bet on another horse.

This will give you the place pool profit:. There are a number of ways to use these calculations for handicapping. Exotic bets are the exception to that rule and are a relatively modern addition to the horse racing menu. That has changed dramatically to the point that today exotic wagers comprise around 70 to 75 percent of the horse racing handle. One reason for the explosion in exotic wager options is competition. Throughout most of the 20th century, there were few gambling options to challenge the dominance of horse racing.

Florida had a few jai alai frontons, Nevada had casino gambling and there were plenty of illegal bookmakers throughout the country. But as far as legal betting options were concerned, horse racing was just about the only game in town. When the legal gambling market started to expand players not only had options for where to spend their betting dollars but a variety of new wagering opportunities that offered big payouts for small investments.

They flocked to sports betting parlay cards, networked progressive slot jackpots like Megabucks and big dollar, multi-state lotteries such as Powerball. The popularity and high hold percentage of big jackpot bets was not lost on horse racing who had a perfect product for this type of wagering.

As the years progressed, the sport would continue to add new bet types with longer odds and bigger payouts to keep up with the massive expansion of other forms of gambling in the North American market. This is a very good comparison—in both cases, a player must successfully pick more than one outcome to cash a ticket. The more correct outcomes offered in a specific bet means longer odds but a larger payout for the successful handicapper.

A vertical bet eg: exacta or trifecta requires the bettor to pick the top finishers in a specific race in the correct order. A horizontal bet requires the player to pick the winner of a set number of races. The daily double is a horizontal bet but bets involving as many as six or seven races are common today.

Many of these bets are known by other names in various parts of the world. EXACTA: The exacta is the most popular multi-horse vertical wager and requires the bettor to pick the first and second place finisher of a race in correct order. Using the example above, lets say you like horses 8, 3 and 6 but are unsure about their order of finish.

One strategy in this situation is to bet every permutation of all three horses in the win and place spot. This is called a box and the term is common to all exotic wagers. Another common exotic strategy is the wheel. In an exacta wheel the player will have one horse that he likes to win the race.

He then pairs that horse with every other horse in the field in second place to cover every exacta scenario. This bet would be called:. You can also bet what is known as a part wheel. The quinella is similar to the exacta in that the player must select the first and second place finisher in a race. This is due to a conventional wisdom among horse track executives that quinella pools come at the expense of exacta pools.

The exacta and more specifically an exacta box would be a preferable option if one of the horses you like is a good sized long shot. A trifecta is identical to the exacta only it involves picking the top three finishers in correct order. In either scenario, the size of the field will determine how many combinations you bet. A 7 horse field would produce 30 combinations, an 8 horse field would produce 52 combinations and so on.

You can also do a trifecta part wheel keying one or more horses. You like the 1, 4 and 5 to finish third. A superfecta would be called as follows:. You can key, wheel or box horses as above but be careful—with four spots every horse you add to the mix causes your bet price in increase significantly.

A recent addition to the Kentucky Derby betting boards was first introduced at Santa Anita. The Super High Five requires the player to select the top five finishers in correct order. The conventions of the bet are the same as above, only with five horses. Stiffer competition awaits in late February, March and April and now August with added races as the excitement builds towards the the Kentucky Derby. You can follow the Road to the Kentucky Derby points leaderboard for the top points earners to qualify for the Kentucky Derby.

He showed high-cruising speed throughout with Manual Franco riding a powerful final quarter mile to win by three lengths. Update on Tiz the Law following his Belmont Stakes win, and other contenders. Tiz the Law has three wins in four starts which includes the 1-mile Champagne G1 last October when he blew by the favorite in the stretch to win by four lengths.

Tiz the Law has a ton of talent and is improving, which is why he was the shortest-priced individual betting choice at in Pool 2 of the Kentucky Derby Future Wager in early February. There is enough talent and versatility to win quality races on dirt, but his pedigree suggests he may have more success on grass as he develops.

Probably not a Kentucky Derby winner, but can get into the field with jockey Flavien Pratt aboard. This year he won the Lecomte G2 with a strong burst of speed and rally, and then finished 2nd in the faster division of the Risen Star G2 at the Fair Grounds. Trainer Mark Casse is patient and knows how to bring along this son of three-time leading sire Tapit.

No son of Tapit has won the Kentucky Derby in 10 tries, but Enforceable is one to watch in the Louisiana Derby as he makes his bid to join the Run for the Roses field. Honor A. The 15 19 Championship Series races leading up to the Kentucky Derby will define the bulk of the Kentucky Derby field. There are seven eight Championship Series races on the Road to the Kentucky Derby that award qualifying points to the winner, 40 points to 2nd place, 20 points to 3rd and 10 points to fourth Belmont Stakes added and points to winner.

The top two finishers will may earn a spot in the starting gate for the Kentucky Derby if they have not already earned enough points. Those races include:. The other eight 11 Championship Series races award 50 points to the winner, 20 points for 2nd place, 10 points to 3rd and 5 points to fourth.

Watch how those horses perform and pay attention to their training, times, form and comments by the trainers in the biggest races leading into the Run for the Roses. Exacta first two , Trifecta first three , Superfecta first four , and Super High Five first five wagering are all offered, and cashing a ticket in any of these pools can produce a bigger payday. In , Justify became the sixth consecutive favorite to win the Kentucky Derby. The race had a controversial finish when Maximum Security was disqualified for interference after crossing the finish line first.

This allows you more betting options while including more horses at a lesser cost or risk. Those are the guaranteed purses for each race and in the prizes for the Kentucky Derby were:. Betting on horse racing has never been easier, but selecting a winner and predicting the puzzle in the exotic pools in search of a big payoff takes a little more time, skill and some racing luck. The Kentucky Derby has up to a maximum of 20 horses in the field, and those horses have qualified through 36 Kentucky Derby prep races in the United States and another seven races in Europe and three races in Japan.

There are many ways to handicap a horse race, and there is no shortage of opinions or angles when it comes to the handicapping the Kentucky Derby and the numerous prep races leading up to the Run for the Roses. From a beginners betting guide to the most sophisticated tools for informed handicappers, there are many pieces of information and betting guides to assist you in identifying a potential Kentucky Derby winner and narrowing the list of top contenders. As we witnessed again in the Kentucky Derby when Country House won at odds, there is no sure thing and nothing is certain in horse racing.

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Dreamer's Disease Bet Now. Touchdown Brown Bet Now. Camp Hope Bet Now. Likeable Bet Now. Hopkins Bet Now. My Man Bags Bet Now. The Field wager of All OtherYear-Old Males normally receives the most betting interest in these pools and bettors can get fixed odds on a horse that isn't included in the 22 selected horses already recognized. Every horse will have betting odds listed next to their number or name and the majority of tracks and sportsbooks list their odds in fractional form. Put simply, the odds are the return that you will receive on your stake or wager on the horse if it wins the race.

If you are interested in betting the Kentucky Derby, there is something that you should be aware of. Online horse racing betting is not legal in all states within the United States but our list below will show you the ones that have legalized it.

CO Gambling problem? Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler. Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Find where to bet in your state! See Sportsbooks. Sports Betting.