Betting on the Kentucky Derby? Read these 8 tips before placing any wagers
Attention, horse-racing fans — and those who just like to sip on their annual mint juleps: It’s Kentucky Derby time again.
This year’s race at Louisville’s Churchill Downs — the 149th in the history of the event — is set for Saturday, May 6, with a post time of 6:57 p.m. Eastern time. The event will be aired or streamed live by Comcast-owned CMCSA NBC, Peacock, NBCSports.com and the NBC Sports App. Confused about where to begin? MarketWatch sought out advice from professional handicappers — that is, folks who make their livings on wagering — for some basic pointers. Following are eight tips they shared.
Understand that pace makes the race If there’s a single factor that handicappers say shapes their view of how a race will play out, it’s the pacing. When a race appears to be dominated by speed horses that are known to rush to the front, a horse that usually hangs back may have a decided advantage. Conversely, when a race has lots of “closers,” a speed horse may be the best bet.
Ultimately, the ideal horse is one that goes off at higher odds than reality would suggest: a horse that should be 4-1, for example, but is instead offering an 8-1 payoff. The attraction is obvious: The more complex the bet, the bigger the payoff . Given how little a straight win bet typically pays, those bigger payoffs are often the key to making real money at the track.
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