With an enormous field and a seemingly bottomless pot of betting dollars from casual sports fans, the Kentucky Derby is undoubtedly America’s most important wagering race of each year. So how do you capitalize on this huge day and walk away with a fatter bankroll?
Below are some tips:
There is a ton of information available on the Internet to help you with handicapping and wagering on Derby Day. You will find replays of all of the most important Derby preps, as well as pedigree basics, workout analysis, and so on. There is also a wealth of counterproductive information out there, especially opinions of so-called “professionals.” So if you are going to listen at all to their Derby Day advice, make sure they have an excellent track record behind them. Press credentials handed out on Derby Week often go to bloggers and writers who only take up an interest in horse racing once yearly. Bear that in mind and rely only on trusted sources.
Create a strategy.
Define your budget and the amount you’ll be fine losing. There are 13 races on Derby Day, and you don’t necessarily have to throw most or all of your betting money on the Kentucky Derby. The fields are big, but the betting opportunities are bigger and spread out throughout the day. Find races you feel strongly about and put a bigger portion of your budget there, and then less or even nothing on those which you are not very passionate about or you think are simply not worth a wager.
Profiting from pony betting is mainly about finding value, otherwise known as overlays. Plan your bets well and look for odds that look fair to you. If you put the odds of a horse at 5-1 and he’s 3-1 on the tote board, hold that wager, or check out the exotic pools to find higher value and more bang for your buck.
Rules are not absolute.
One thing we’ve grown certain about over the last ten years is this: rules are not unshakable. In reality, almost each single so-called unbendable Derby rule has actually been bent, several times. Derby winners now come back from five or six-week hiatuses, take on polytrack in their final preps, get managed by virtually unheard of trainers, followed alternative prep schedules and races, and have been slightly raced.
Take it lightly.
Lastly, one thing you have to avoid is being overwhelmed by the race. Somehow, somewhere, something’s going to turn out unforeseen. No matter how well you’ve planned, nothing is totally under your control. So keep it easy, keep your wagers intelligent, and have a good time.