CAN YOU BET KENTUCKY DERBY ONLINE? HOW TO BET ON KENTUCKY DERBY?
The Kentucky Derby takes place annually at Churchill Downs in Louisville, Kentucky on the first Saturday in May. This derby not only has a big purse, but it also has a history of being one of the longest-running horse races.
Thus, horses that win in this race are often considered to be in the top tier. Making a wager on this race and emerging a winner is something that many people hope to do.
Unfortunately, most people cannot make it to Louisville and make do with watching the race from far away. Well, if you fall into this category, there is a way out in the form of online wagering.
It allows you to place wagers quickly and conveniently, and you can spend the rest of the time watching and possibly celebrating the outcome. If you want to make an online bet on this derby or are wondering what it entails, you have come to the right place.
Legality
Horse racing is an exciting sport on which people have bet for generations. Unlike most sports, horse race betting is legal in most regions and is thus quite popular. The situation is not any different when it comes to the Kentucky Derby, which is more of a cultural event.
While online gambling is easily accessible, it does not change the fact that some sites are not legit. Some sites are out to take your money and leave you high and dry. You thus have to be careful when deciding which site you will use.
Wager Types
If you are new to wagering on horse racing, you might not know what options are available to you. It helps to know what you can bet on as you can use this variation when selecting a betting site.
You can bet on the outright winner as this has a higher payout as compared to place or show. Future winner is a variation in this, where you make your selection months before the derby. The payouts for this are higher, as the results are highly unpredictable at this point. You could put up one hundred dollars and come out with two thousand. Sire future is another variation that allows you to bet on offspring, and this also pays a lot. Place allows you to bet on a horse finishing in first or second place. Show, on the other hand, will enable you to bet on a horse finishing in the top three.
Exacta allows you to choose which horses will finish as first and second in their given order. You can see that the payout from this would be high owing to the degree of difficulty. Trifecta is where you choose three horses in their finishing order, with high payouts. Prop bets have little to do with the winner of the race, but rather, other factors. You could even bet on the number of words in the Derby winner’s name.
Site Selection Process
How should you choose a betting site? Well, there are many factors to consider in this case, with some being more crucial than others.
For one, dependability is a must, given that the site will handle your hard-earned money. You might think that this is a no-brainer. However, in the eagerness that comes from an adrenaline rush to win a wager, this is not the case.
People will hurriedly give away their money to questionable sites, only to realize that they have been scammed later on. Huge events such as the Kentucky Derby attract cons who are out to steal from unsuspecting gamblers. Beware of this and rely on reputable sites.
Secondly, this derby provides an opportunity to make some good money if you win. Thus, you need an established site when making a wager. While some new sites may have your best interests in mind, they cannot make huge payouts. Their capital cannot match your wins, and you would end up frustrated. Go for the big leagues where paying you will not be an issue.
Thirdly, you should look at the odds offered, as well as the bonuses and promotions. It helps to go for the most competitive offerings on the market, provided they are from a reputable site. That way, you set yourself up for a big win.
What sites have these features?
What sites can you rely on when betting on the derby? Not many sites will offer you what you deserve. However, the following will: Betway Sports, Spin Palace, Bovada, MyBookie, SportsBetting, Xbet, and BetOnline, among others. These have proven to meet the determinants above.
As always, do your research before parting with any money. All the best!