Kentucky Derby Betting - How do People Bet
Kentucky Derby is usually called"the "greatest two minutes of sport". Every American wants to attend this prestigious event. http://oldtimehockeyarcade.com/alabama-crimson-tide-preview/ Many millions of people around the world as well as those living in America look forward to an event like the Kentucky Derby. In the 1337th Kentucky Derby, the long lines that lined the Kentucky Derby clerks window conjured an unsettling scene of hopes high and cold cash as bettors tried to pick that lucky winner.
Brooke Bond, 40, admitted that it is nervous. It's fun because you see numerous people who have never bet before and you can see the joy on their faces. See all those different hats!
The Derby's large field is usually difficult to forecast especially in the weeks leading up to Saturday's race, the experts said the 137th running was not a standout race and had a lot of likely winners. It was therefore more challenging for punters to decide on the most suitable option.
The custom of placing bets on the Derby ranks up there with drinking mint juleps and it shows: Last year, total wagering from all sources over the 13 Derby races that took out on Kentucky Derby Day was $162.7 million. This included the track paying $133.1 million, which is 82 %, to those who bet as per Churchill Downs. Saturday's race-day Derby bets set a record of $12,606,249.
There was a scene full of instantaneous gamblers who bet on the horse's name. They were smart-dressed ladies placing their cash-infusions of juleps into lengthy shots, as well as shrewd players grabbing their dog-eared Racing Forms.
The committed gamblers set their wagers with precision "Sixty-dollar exacta box, three and six," They took the tickets they had and left. Casual bettors, far less than certain about who to pick in an anything-can-happen, 19-horse field, required some help.
"What's three things that make up a trio?" one woman in a droopy Derby headdress and diamond earrings said to quiet groans and rolling eyes of patrons in the background. I don't know the race but I'm sure it's a trifecta!"
Bennett's staff was able to discover a myriad of betting strategies. When many gamblers were betting on Dialed In, which was the early morning betting line, they recognized that Dialed in loses only one third of times.
A few were betting not on horses, but focussed on winning jockeys like Calvin Borel, who had placed third in three of the four Derbys.
Others were poring over the statistics of endurance, bloodlines as well as past wins, before taking a break to walk around across the paddock to check out the horses' muscle tone or determine if they were restless.
Additionally, there were those who were more inclined to employ techniques that are less scientific including Kentucky Derby birthdays for betting or the belief that everyone will eventually place bets on winners.