The Kentucky Derby is one of the most highly sought after horse racing events in the world and is both entertaining and profitable for a wide range of people each year. If you’re looking to increase your winnings at the Derby and make it something you can count on each year to bolster your income, bear in mind these two important rules: follow the crowd and bet to show.
Follow the Crowd
In general, a good rule is that the more money that is placed upon a horse the higher the likelihood is that horse will win its run. While this may not necessarily be the case all the time the general concept of following the crowd can usually help put you into a position where if your wagers are placed right you can at least earn some money while at the track. Pay careful attention to any horses before the race that show a significant drop in payout ratios, with something similar to a drop from 10:1 down to 2:1 indicating a large sum of money being placed on that horse and therefore the horse is more likely to be a major contender.
In order to take the fullest advantage possible of this shift in numbers, check the stats well before the race as well as closer to the actual race time to see what differences if any may exist. If you see a huge change a few minutes before bets are closed, for example, place your money on this horse immediately as it could even indicate that some individual or group of individuals has some inside knowledge of what to expect in the run and will be a good guide for your own money.
Bet to Show
Once you have located the horse that you feel would be best for you always go for a bet to show rather than place or win. While it’s true that a “win” bet will give you the highest payout percentage possible due to the fact that the horse must be in first place for the win to occur while a “place” has slightly higher payouts as well as it expands the possible win position to first and second, a “show” bet gives you an even greater chance of walking away a winner by allowing any position in the top three slots to be a winning payout for you. In pure statistical factors alone, placing a “show” bet on a race with 10 horses will guarantee you a 30% chance at success, a number that can easily be increased with a bit of research and intuition on your part – especially if it is combined with following the crowd on those that are expected to be top performers.
Just remember at all times that regular, slow increases in money is worth a lot more in the end than risking everything you have on a wild bet, so don’t get ahead of yourself and take long shots with little chance of success when you can guarantee slow progressive winnings over a long period of time that will most likely pay off significantly in the end.
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