May 4th 2019 will be the 145th Kentucky Derby and I wanted to explain how you can wager the Derby.
In Reno there are 5 places you can wager on horses including the Kentucky Derby:
Atlantis Sports and Race Book
Peppermill Sports and Race Book
Grand Sierrra Casino ( William Hill Sports Book)
Circus Circus ( William Hill Sports Book)
Silver Legacy ( William Hill Sports Book)
Harrahs Sports and Race Book
In Vegas just look for any casino that has horse racing and many tracks around the country offer satellite horse racing. One thing you want to verify they offer PARAMUTAL ODDS.
The reason is that this means they offer the wagers and payouts of the track if it is not paramutal you may be out if you hit something that pays more than 299 to 1.
THE KENTUCKY DERBY HAS 20 HORSES RUNNING THE RACE!
HERE ARE SOME BASIC WAYS YOU CAN WAGER THE HORSES:
WIN: This means the horse you wager on must come in 1st place.
PLACE: This means the horse you wager on can come in 1st or 2nd place.
SHOW: This means the horse you wager on can come in 1st, 2nd or 3rd place.
NOTE: The wagers above are a minim of $2.
EXACTA: In this wager you pick 2 horses and they must come in 1st and 2nd place in the exact order.
EXACTA BOXED: In this wager you pick 2 horses and they must come in 1st and 2nd place but the horses can be in either position as long as it is 1st and 2nd place.
NOTE: An Exacta minim is $1 and if you box it is $2
TRIFECTA: In this wager you pick 3 horses and they must come in 1st, 2nd, and 3rd place in the exact order.
TRIFECTA BOXED: In this wager you pick 3 horses and they must come in 1st, 2nd, and 3rd place but the horses can be in any position as long as it is 1st to 3rd place.
NOTE: A Trifecta is minim $1 and if you box it is $6
SUPERFECTA: In this wager you pick 4 horses 1st, 2nd, 3rd and 4th place in the exact order.
SUPERFECTA BOXED: In this wager you pick 4 horses 1st, 2nd, 3rd, and 4th place but the horses can be in any position as long as it is 1st to 4th place.
NOTE: A Superfecta is minim $1 and if you box it it is $12
ADDED NOTE:
SOME TRACKS OFFER BETWEEN .10 cents to . 50 cents Trifectas and Superfectas.
PAYOUTS:
Track odds are determined as soon as the horses leave the gate and is nearly impossible to be determined because you have to factor in so many possibilities.
Many people think they get the odds at the time of the wager but this is not true in horse racing.
It does not matter what the odds where when you made the wager.
The tracks pay the odds of the horses as soon as the gates open.
At a live track you can wager all the way up to the horses leaving the gates but in most satellite books it is closed off once the horses hit the gates.
SUPERFECTAS will pay the most money usually.
TRIFECTAS will pay the second most money usually
EXACTAS will pay the third most money usually
WIN wager usually pays the most money
PlACE wager usually pays second most money.
SHOW wager usually pays third most money.
There are always exceptions to the payouts and odds however.
OTHER WAGERS THAT CAN PAY A LOT OF MONEY BUT CAN HURT THE WALLET AS WELL:
Tracks offer pick 4s, pick 6s, and pick 8s.
In these wagers you pick a horse to win each race and it must come in 1st place.
These wagers can be done for $1 and more depending on how many horses you pick for each race.
Note: Some tracks offer .10 cent to .50 cent wagers as well on these types of wagers.
HIGH 5:
In this wager you pick 5 horses and they must come in 1st to 5th place in the exact order.
HIGH 5 BOXED:
In this wager you pick 5 horses and they must come in 1st to 5th place but can be in any position as long as it is 1st to 5th place.