Sports Betting News, Reviews & More

This Saturday things will be heating up at Churchill Down for the 2017 Kentucky Derby. The start time is at 6:46pm when hopeful jockeys, owners and horses will race for a gold trophy and a first prize estimated at $1.24 million and $2 million in total prizes.

Since the 143^nd Kentucky Derby is just a few days away, we thought that we would give you a special how to bet on horse racing tutorial to show people about the art of betting on horse racing.

For those who have never had the opportunity to go to a horse racing track or place a bet on a horse, it may seem like a complicated task but we assure you that it is a very simple bet.

Let’s start this horse racing betting tutorial with the most common types of horse racing bets available.

Horse Betting Tutorial

The first bet you will learn is the simple “Win”. When you bet on the win, you are betting that the horse you choose will cross the finish line first. It is also known as a “straight”

Betting on a horse to “Win” or making a “straight” bet on a horse is quite simple. If you are one of the lucky few who are going to the 2017 Kentucky Derby, you will run across the “Tote board” which allows you to see the odds on a horse.

2017 Kentucky Derby Odds

Here are the odds for the 143^rd Kentucky Derby that were provided by one of the best sports betting software company.  Keep in  mind that those odds will change as we get closer to the racing day.

When you look at the “odds”, the first number is the profit and the second number is the wager. So if you wanted to bet on “Sonneteer” the odds are 50/1 according to this Tote board. This means that for every $1 you bet, you will make a $50 profit..

The 2^nd type of bet is the “place” which is betting on a horse to finish in the top 2 meaning that you win the bet if your horse finishes 1^st or 2^nd place.

The 3^rd type of bet is to “show” which means selecting a horse who you think will finish in the top 3. So if your horse crosses the finish line in either first, second or third you win the bet.

Also when placing any type of bet, keep in mind is that the bookie or bookmaker takes a commission from your horse bet. This is known as the “Take” which will vary based on where you place your bet.

If you enjoy betting on horses you should try virtual sports betting as the type of bets available are the same except that you are able to place a virtual horse bet every 3 minutes.