How do derby odds work

Betting on horse racing can be fun and easy. There are several different wagers offered each race, but these are the three most basic:. Because of the difficulty of a win wager, it will yield the highest payoff of these three wagers. A show wager will yield the lowest payoff but offers the greatest chance of winning.

Exotic wagers involve betting on two or more horses, either within a single race or across multiple races. You can play multiple tickets and combinations to increase your chances of winning, though this also increases the cost. With each extra finishing position you attempt to select, the difficulty increases, but so too does the potential payoff.

One of the oldest exotic wagers, the exacta requires you to select the top two finishers in the correct order. If you've mastered the art of win, place and show wagers, try an exacta. An exacta is more difficult than win, place and show wagers, but yields a higher payout. You bet an exacta by selecting a minimum two horses to finish first and second. These horses must finish first and second, in that order, for you to win the wager.

Have everything you want to bet down on a piece of paper before heading to the window. You can also avoid the long lines by getting your bet in early. The media is going to peg one or two horses that they will consider locks to win. Focus in on what the real horse racing experts have to say. You want the majority of your action on a straight wager. B ut favorites win roughly a third of all horse races, so they deserve our attention. If your research strongly backs the favorite, go with it.

I took all of these into consideration when making my Kentucky Derby Predictions. Past Performance — This is extremely important. You can really learn a lot about a horse by studying their previous races. Be sure to pay extra attention how a horse has done in Derby prep races. Take a look at the field they were competing against.

Jockeys — You need to take into consideration the jockey that is mounting the horse. These are the guys that are guiding the horse and controlling when they make their move.

A jockey can make all the difference in a big race like this. Trainers — It has been a smart move to wager on Derby horses that have been trained by one of the best. Some of the top trainers are D.

To help you get value for money in that case, you want to find a way of handicapping your horses and giving them a realistic percentage chance of scoring. Are you ready to shift the odds in your favor? Then sign up at TVG and receive a favorable deposit bonus. What Are Horse Racing Odds?

Pari-mutuel Pool Betting Payoffs This is now a common way of settling bets both at the track and via off-track betting. Exotic Wagers Most horseplayers still pick just one horse in a race to win, place finish in the first 2 or show finish in the first 3 , but others like to play more exotic wagers involving multiple horses in a single field in order to get better odds for their bet. Boxing Your Horse Bets A box wager means as a player you select the horses you want, 2 in an Exacta, 3 in a Trifecta etc, but cover all the finishing positions.

Calculating Horse Racing Odds Remember that the chances of a horse winning, and how much money should be paid out if and when it does so, are based on probability. Horse Race Betting How to Bet on Horse Racing. Horse Betting Terms. Horse Racing Odds Explained. Horse Racing Bet Types. Betting the Triple Crown. Handicapping Horse Speed.