The Kentucky Derby isn’t just an entertainment event that brings fun to the spectators. For many, it’s an opportunity to make money while being entertained. Many professional bettors have made this event one of the best sources of windfall profit.
If you want the best event to make money from, the 2023 Kentucky Derby is your best bet. Like most horse racing events, there’s always a significant opportunity for profit.
Here are some tips to help you make an easy buck at this upcoming Kentucky Derby event.
Learning the betting basics at the Kentucky Derby is extremely important if you want to make money. First, you must ensure that you understand the jargon used in the Kentucky Derby race. Doing so helps you follow what’s happening and make better decisions.
If you aren’t familiar with it yet, the official website of the Kentucky Derby offers a glossary of terms commonly used during the event.
You will find terms like Odds on, across the board, in the money, and many more in their glossary. Start learning the jargon from their page, and you’ll be ready to bet on your favorite Kentucky Derby contender in no time.
In addition to learning the jargon, you must also learn how to read the racing card. The printed card provides information about the Kentucky Derby prospects and the race itself.
The Kentucky Derby event offers different types of betting markets that you can choose from. You can bet on standard or exotic bets. The standard bet includes straightforward wagers like the win, place, and show.
A win bet is when you place a wager on the horse you think will finish first place. The place bet is betting on a horse you think will finish the race second or first. Meanwhile, the show bet is when you bet on the contender finishing the race in first, second, or third place.
In an exotic bet, you have the option such as the following:
- Single race exotics
- Super Hi-five
- Multi-race exotics
- Pick 3 to 6
Remember that choosing the right betting market is a great way to increase your chance of winning on your bet. So, consider your market and pick the one that fits you best.
After learning the basics and the different betting markets available, the next thing you need to do to profit from the Kentucky Derby is to research each contender thoroughly. You need to know any vital information of each horse to increase your chances of choosing the thoroughbred that offers the best value.
The number one thing that you should check out is the horse’s past performances. Look at how they won the races in the past. You can also check the factors that led to their defeat. It’s also helpful to look into the horse’s bloodline to see its genetic potential.
This information can be found online as well as in the daily racing form of the race. Still, we highly recommend researching these things ahead of time so that you’ll have enough time to make a decision that could make or break your profit.
Other factors you must pay attention to when choosing a horse to bet for are the jockeys and the trainers. Trainers and jockeys significantly contribute to the horse’s success.
The trainers are the ones who watch over the horses and ensure that they get enough rest and nutrition to be ready for the main event. The trainer must also manage the entire team to ensure everything is in place for the race.
Meanwhile, the jockeys are the ones who will be riding the horses on the racecourse. They control the colts’ pace. They also make abrupt decisions throughout the race. During your research, include these two factors. You need to know if the horse you’re rooting for has the best team.
The track condition can also affect how the race ends. Track conditions are affected by the weather. It also significantly affects a horse’s performance. A rainy day will make the track muddy and slippery, which could slow down some horses who aren’t comfortable running in such conditions.
A sunny day will offer a dry and hard track that makes the horses run continuously and adequately increase their pace without discomfort. We advise that you check the weather forecast on May 6 to know what the track conditions will look like.
During your research, looking at how each horse performs under different track conditions is also ideal. Each horse has their preference, and it helps to know that.
You must follow the tips provided to make money from the 2023 Kentucky Derby. These factors affect the race’s outcome, increasing or decreasing your chances of profiting.