Betting on the Kentucky Derby is taking part of one of racing’s premier events. High profile horse races attract new bettors who are trying to figure out the seemingly endless varieties of bets available to them. Kentucky Derby betting online allows anyone, even first time bettors, to access the tools to research the Kentucky Derby’s horses and jockeys then make a smarter wager without ever having to travel to Churchill Downs.
Horse betting is legal in the United States
Within the United States, it is legal to bet on horses. This means that all betting racebooks that Americans access are usually licensed for American use only. If you live outside of the U.S., do not worry. There are worldwide racing books that will allow you to place an exotic horse wagers without being a United States resident.
Onshore websites typically offer parimutuel betting. This means that there is no “house” or bookmaker. Instead, all of the money that is bet throughout one pool will stay in one pool. Offshore websites offer track odds for most types of bets (Win, Place, Show) but limit the amount of payouts for exotic bets (Exacta, Trifecta, Superfecta) to a certain cap which vary from one company to another.
Kentucky Derby Types
The Kentucky Derby is definitely one of the biggest events world-wide year after year, making it also one of the biggest if not the biggest event to bet on; hence why so many people bet on the Kentucky Derby, and hence why there are so many different betting types for the Derby as well, such as:
Kentucky Derby Wagering Offline
For those that are lucky enough to go to the Kentucky Derby, there are several options for wagering. Certainly, you can stand in line for the betting clerks or using the high tech self-service wagering options throughout Churchill Downs. This would be parimutuel betting on the Kentucky Derby.
Bet on the Derby Online
If you can’t go to Churchill Downs in person, remember that betting on the Kentucky Derby is entirely legal online for American citizens.
Our top choice for betting on the derby is US Racing .
Mobile betting on horse races
Most racebook websites will offer mobile betting. This is usually around the login area of the homepage. In some cases, a website will have a separate app for the iPhone that is found in the Apple Store. Otherwise, use you smartphone to browse the website as usual.
Making a deposit for your Derby bet
When you are ready to start using a web site to place a Kentucky Derby bet, entering your password and username is easy enough. Then, it is a matter of deciding whether to use your credit card, Western Union, Moneygram or a bank wire. If you are trying to place a bet the day of the derby, you will most likely choose to use your credit card because it is instantaneous.
Remember, if there is a conflict between the address you list in the login and the credit card address you use for billing, the processor may deny the transaction. This is for the protection of the website and the custom. Reputable firms must “know their customer.” Try to set up your first betting account in advance.
Once you log onto your first wagering account, you will soon see that there several betting terms that you may not be familiar with. In general, a new gambler should stick with the straight wagers such as placing a bet on a single horse in the win, place, and show categories.
For those gamblers looking for Kentucky Derby betting that is more advanced, the exotic horse wagers are definitely unique territory. Examples of exotic wagers include the exacta, quinella, trifecta, and superfecta bets.
Have fun and good luck on derby day! Don’t forget to make your own mint juleps and enjoy the most exciting two minutes in sport!