How to Bet on the Ponies

by Brett & Kate McKay on May 3, 2012 · 49 comments

in Travel & Leisure

Growing up, I never visited a horse track or saw a single horse race.

That all changed when I met Kate and married into a horse race-loving family. Rick Surwilo, my father-in-law, had started going to the racetrack as a teenager with his family. This was a time before lotteries and casinos, and horse racing was the only legal form of gambling, so it was something really different to go and do. His family lived in Connecticut but had bought a little home in Woodford, Vermont, and Rick’s dad loved to take the wife and kids to the Green Mountain Race Track in Pownal, just a little ways south of there. They’d set up their lawn chairs by the finish line, and Grandpa Surwilo would take everyone’s orders and go relay the bets to the tellers.

The Green Mountain Race Track in Pownal, Vermont

When I started dating Kate, one of our first, and most romantic, dates was when she took me to the racetrack here in Tulsa. We had a great time betting on a few horse races while snuggling in the bleachers as a thunderstorm rolled in.

After Kate and I got hitched, her parents would take us to the horse races every other summer or so, and even gave us poor newlyweds a little scratch to bet with. Rick’s father had long since passed away, but Gram Surwilo–every inch the stereotypical feisty Italian grandma–still loved to go and bet on the ponies, just as she had in the old days in Vermont.

I really enjoyed these outings with my extended family, and placing a few bets myself, but I admittedly had no idea what I was doing. I mostly just picked the horses with the names I liked best.

So I jumped at the chance America’s Best Racing offered me a couple of months ago to come see one of the six pre-Kentucky Derby races—the Spiral Stakes—at Turfway Park in Florence, Kentucky, and get some lessons on how to bet on the ponies. Kate and I had a great time there and learned a ton. Betting on horses is a lot more complicated than I had imagined, but it’s really a great deal of fun.

Today, I’ll share some of the basics of what I learned, so that the horse racing neophyte can take advantage of this wonderful spring weather and go down to their local racetrack (or the Kentucky Derby!) feeling like they know what they’re doing.

Why Go to a Horse Race?

The finish line at Turfway Park.

Before we get into the art of betting, let’s talk about why you’d want to visit a horse racetrack anyway. Perhaps you’re thinking, “That’s something my grandpa liked to do, but I’m not interested.”

Watching horse racing at the higher levels of the sport is a wonderful experience. I’m really not much for any other forms of gambling, and personally don’t see the fun in losing my shorts in some dark, smoky casino. But horse racing I like; it feels like entertainment, an experience, an outing. I like that I’m outside. I like that there’s a lot of history and tradition behind it. All in all, whether I win or lose money, I still have a great time.

These days if you want to take the family to a pro basketball or football game, the tickets and food can easily run you $400. Admission to a racetrack is often free, the minimum bet on each horse race is just $2, and you can sometimes bring your own food and drinks. You get to spend all afternoon and evening outside, watching beautiful animals perform at their peak ability. And all this can run you less than a trip to the movies.

And if you’re looking for an affordable, unique date, where you won’t run out of things to talk about, look no further!

Types of Horse Racing Bets

My favorite track I've visited: the Saratoga Race Course in NY. Lots of history there--built in 1863, it's the oldest organized sporting venue of any kind in the United States.

You have two categories of wagers to choose from when you bet on the ponies: straight wagers and exotic wagers. For a beginner, I recommend sticking with straight wagers. They’re simple and cheap. You simply pick one horse to come in first, second, or third.  The minimum bet at most tracks for a straight wager is just $2.

Exotic wagers allow you to make multiple bets on multiple horses in a single wager. Exotic wagers are generally much more difficult to win than straight wagers, require an advanced degree of skill and knowledge in horse picking, and are more expensive. However, the payoffs on exotic wagers are much greater than straight ones.

Straight Wagers

Remember with a straight wager, you only bet on one horse.

  • WIN- You’re betting that your horse will come in first place. If your horse finishes in first, you get to collect.
  • PLACE- When you bet on your horse to “place,” you’re betting that he will come in first OR second. If your horse finishes in first or second, you get to collect. Payout for a place bet is less than a win wager, but you do have the security of being able to cash in if your horse finishes in the top two spots.
  • SHOW- You’re betting that your horse will come in first, second, OR third. Since you’re hedging your bets, you have a higher chance of winning, but the payout for a show bet is substantially less than a win or place wager.
  • ACROSS THE BOARD- When you bet across the board, you’re betting your horse to win, place, AND show. An across-the-board bet is what’s called a “combo straight wager” because it’s three different bets (win, place, AND show) in one. Because it’s three bets in one, an across-the-board bet is more expensive than a simple win/place/show wager. For example, a $2 across-the-board wager will cost you $6, because you’re making three $2 bets. If your horse comes in first, you get the win, place, and show money. If your horse finishes second, you get place and show money. If your horse comes in third, you just get the show money. Across-the-board bets aren’t usually a good wager because they’re expensive and have less profit potential.
  • WIN/PLACE, PLACE/SHOW- Similar to an across-the-board bet in that you’re making multiple straight wagers in a single bet. In a win/place bet, you’re betting your horse to win AND place. If he wins, you collect both the win and place money. If he finishes second, you collect just the place money. In a place/show bet, you’re betting that your horse will place and show. If your horse finishes second, you collect the place and show money; if he finishes third, you just get the show money. Because you’re placing multiple wagers on your horse in a single bet, a win/place and place/show is more expensive. A $2 win/place bet will cost you $4 because you’re betting $2 that your horse wins and $2 that your horse places.

Exotic Wagers

Exotic wagers allow you to bet on multiple horses in a single bet, allowing you to increase your profit potential. But as I mentioned above, they’re much harder to win than straight bets, can get expensive if you’re not careful, and require much more skill in handicapping horses. Feel free to experiment with some exotic wagers after you’ve done a few straight bets.

  • EXACTA- You’re betting on two horses to come in first and second in an exact order. For example, if you placed a $2 exacta on horses 3 and 5, you can only collect if horse #3 comes in first and horse #5 comes in second. Exacta bets are popular among skilled horse handicappers because the payoff can be very lucrative. You can also “box” your exacta bet which means your two horses can come in any order in the top two spots and you still win. Boxing an exacta costs twice as much as a straight exacta bet. So a $2 box exacta on horses 3 and 5 will cost you $4.
  • QUINELLA- With a quinella bet, you’re betting on two horses to come in first and second in any order. As long as your two horses finish in the top two spots, you win. So if you placed a $2 quinella bet on horses 1 and 6, you can collect if horse #1 and horse #6 come in first and second in any order. You might be thinking, “What’s the difference between a quinella and a box exacta? Both let you win if your two horses come in first or second.” The big difference is cost: a $2 quinella bet costs $2 while a $2 box exacta bet will cost you $4. Why would someone pay more for a box exacta if it’s essentially the same bet as a quinella? The payout for a box exacta is generally more than a quinella bet, that’s why.
  • TRIFECTA- You bet that three horses will finish in first, second, and third in an exact order. If you place a $2 trifecta bet on 1-5-7, you can only collect if horse #1 comes in first, horse #5 comes in second, and horse #7 comes in third. You can also box your trifecta bet so you can win if your three horses come in first, second, and third in any order. Boxing a trifecta will significantly increase the cost of your bet because there are many combinations. So a $2 box trifecta bet will actually cost you $12 or a $1 trifecta boxed will cost you $6.
  • SUPERFECTA- You bet that four horses will finish, first, second, third, and fourth in an exact order. As with exactas and trifectas, you can box a superfecta at an additional cost. The minimum bet is often 10-cents, which makes it more appealing to many people.

I’m not going to get into “keying” horses with these exotic bets.  That’s a little bit too advanced for our purposes here. Basically, keying horses allows you to minimize your wager, while increasing your payout if you pick your horses right. It’s something that I’d look into once you get comfortable handicapping horses with exotic wagers.

What to Say to the Teller When You Place Your Bet

Human tellers are fast, accurate, and friendly.

Alright, so you know what kind of bet you’re going to make. Now it’s time to place your bet.

If you’re at the racetrack in person, I recommend only using human tellers. The automatic tellers have big lines, and you risk being shut out of a race because some yokel is making multiple wagers and doesn’t know how to operate the computer. There’s also the risk that you’ll mess up your bet because you punched the wrong button.  The human tellers are fast, accurate, and friendly.

Have your money ready in your hand. Things move fast at the counter, especially a few minutes before post. You don’t want to be the guy holding up the line because he’s fumbling through his wallet looking for his $2.

Once you get up to the counter, what do you say to the teller so you don’t sound like an idiot and hold up the line? Here’s your script:

Tell the teller the following in this order:

  1. Racetrack and race number (only if you’re betting on a race at a different racetrack than the one you’re at)
  2. Amount of your bet
  3. Type of bet you’re placing
  4. Horse’s program number

For example: “Churchill Downs, race seven, $2 to win on #4.”

If you want to do a quinella bet, tell them: “$2 quinella on 3 and 5.”

Now hand the teller your money and take your ticket. Keep it in a safe place. You’ll need it to claim your money if you win. You can tuck it in the front pocket of your shirt, or if you’re wearing a hat, stick it inside your hat band.

How to Pick Your Winning Horse

So now you know how to place a bet at the horse races. With that bit of info, you can go to any track in America and have a good time picking a random horse and betting your $2 on each race. But if you’re like most people, your goal isn’t to simply pay $2 to watch a bunch of horses run around a track. You actually want to win some money! That’s what makes horse racing “the most exciting two minutes in sports.” The suspense and thrill of knowing that each race can make you a bit richer is overwhelming. You can’t help yourself from jumping up, pumping your fist, and yelling “GO, BABY, GO!” as your horse turns the last corner on the track and makes a break for the lead.

But how do you pick a winning horse? There are literally hundreds of books and thousands of websites on handicapping (that means picking) horses and everyone seems to have a different opinion on what factors are the most important to analyze when choosing a horse.  While plain old luck is the biggest factor in whether you make or lose money (especially for beginning pickers), handicapping makes the races more fun because it gives you a sense of control, as well as something to chew over between each race.

For the purposes of this post, I’m going to keep the handicapping tips very, very basic. The goal is to give the first time race spectator enough information that he can go to a racetrack and not feel like he’s just randomly picking horses to win. I’d love for all you horse racing junkies to chime in with your tips for our beginner horseplayers.

Get familiar with reading the race day program. Your ability to successfully handicap horses will depend upon your ability to read the race day program. The program is crammed with information that you can use to make smarter bets. In it you’ll find a section for each race that day with the statistics and history on all the horses racing in a particular race. The lines of numbers and lingo in a program can be a bit intimidating at first, but with a little practice you’ll be reading like a (semi) pro in no time.

I could devote an entire article to explaining how to read a race day program, but I won’t. Equibase, the company that creates all the race day programs for every track in the U.S., has a great interactive guide on how to read their race day programs. If you’ve never been to the horse races before, play around with it before you go.

Turfway Park also has a good PDF file that explains how to read a race day program.

Look at what class levels the horse has been racing at. There are different levels of competition, or classes, in horse racing.  As you go up in class, you’ll find better performing horses and higher purses. There are four race classes: maiden races, claiming races, allowance races, and stakes races. Racetracks try to have races with horses at the same level of competition. Horses move up and down classes throughout the year depending on their performance and oftentimes a change in class can affect whether a horse will win or lose.

For example, let’s say the race you’re betting on is a $40,000 allowance race. You have your eye on a horse, so you check its past performance in the program. It looks like he’s been consistently coming in first and second, but you notice that his previous races have all been claiming races. While it’s great that this horse has been bumped up a class, in this particular race he might be outclassed by the other horses who have experience in performing in allowance races. So it might not be a good idea to bet on this horse to win in this particular race.

Past performance on surface type. Racetracks have different surfaces that the horses run on. Some have natural dirt and grass tracks while others have artificial “all-weather” tracks. Horses perform differently on each type of surface. Some horses love dirt tracks, but don’t like the feel of artificial tracks and vice versa. The program tells you each horse’s past performance on the different surface types. If a horse has performed well only on dirt and the track you’re at is an all-weather course, you might consider eliminating her from your list of possible picks.

History with jockey. I like to look at a jockey’s performance history in the program. If a jockey consistently places in first, second, or third no matter what horse he or she is riding, it’s a good indicator of talent. So if I see a good jockey riding a horse for the first time that has consistently finished in the middle of the pack, I might place a bet on that horse, reasoning that with the jockey’s added skill this middle of the pack horse has a good chance of finishing in the top two spots.

I also check to see the history of a jockey with a particular horse. If I see that a horse and jockey have consistently finished in the top three spots together, there’s a good chance they’ll finish in the top three spots in the race that I’m betting on.

Consider the odds. For every race, each horse will have the odds of it winning next to its name in the program. The favorite to win is the horse with the lowest odds. While past performance doesn’t guarantee future results, the statistics show that over time going for the race favorite pays off. If you:

  • Bet the race favorite to win, he pays off 33% of the time.
  • Bet the race favorite to place (comes in 1st or 2nd), the favorite pays off 53% of the time.
  • Bet the race favorite to show (comes in 1st, 2nd, or 3rd), the favorite pays off 67% of the time.

So if you’re looking for an easy way to handicap horses that gives you a good chance of a small return on your money, just bet the race favorite to show.

This horse was really antsy in the paddock. Didn't put my money on him.

Watch the horse in the paddock. This is my favorite way to handicap a horse. Before every race, the horses are paraded around in an area of the track called the paddock. It gives you a chance to see how the horse looks and is behaving before the race starts. Once I’ve winnowed my list of picks to two or three horses using the info in the program, I like to go over to the paddock to take a gander at how the horses look. Just like you and me, horses have good and bad days. Sometimes when you wake up in the morning you’re raring to go and other times you come down with a case of the Mondays. Same with horses.

Watch the horses to see how they’re behaving. Do they look peppy and eager to race? Mopey and Eeyore-like? Check to see if a horse is sweating a lot. You can tell he’s sweating because he’ll have big dark splotches on his coat. If he’s sweating a lot, it likely means the horse is nervous. Sweat spots by the kidneys indicate that the horse isn’t feeling good, so you might want to pass on him. Some horses will act very jittery in the paddock–turning in circles, biting, rearing. While it’s a sign that the horse has some spunk, he’s wasting all his energy in the paddock instead of saving it for the race. Go with the alert, but calm horse.

Looking for these signs with the horses isn’t very scientific, but it is a lot of fun.

Random, superstitious factors. Of course, you can simply use some random superstitious factor to handicap your horse. You can pick the horse that’s wearing your lucky number or your favorite color. Or you can pick the horse because you like the name. A lot of racegoers have their own silly handicap factors they use. Come up with your own.

Last Minute Tips

You don’t have to bet on every race. For the beginner, the temptation is to bet on every single race in the program. While there is definitely one horse that will win each race, the astute horseplayer culls the entire program for the best bets and might, conceivably, only bet two or three races out of the entire card (card is the term for all the races that day).

Set a budget and bring cash in that amount. If you think you might get carried away with your betting, simply bring a set amount of cash. Once it’s done, you’re done.

Wear a hat. There are few venues these days where a hat doesn’t look out of place. The racetrack is one of them.

 

{ 49 comments… read them below or add one }

1 Jake May 3, 2012 at 7:39 pm

Great article. I’ve always wanted to check out the racetracks, but have always been intimidated due to my lack of knowledge. Well played sir.

2 Jordan Howard May 3, 2012 at 8:06 pm

I went to the track in Tulsa last summer and indeed felt very lost. This really helps.

3 Grant Blaylock May 3, 2012 at 8:15 pm

You forgot the greatest random factor: which one does your lady think is the “cutest.” Somehow it’s almost always a winner.

4 Helen May 3, 2012 at 8:41 pm

Ah…horseraces..I love to go to them! Would love to go to the Kentucky Derby one day!!

5 Max May 3, 2012 at 9:44 pm

“Let me ask you something. When you come in on Monday and you’re not feeling real well, does anyone ever say to you, “Sounds like someone has a case of the Mondays?”

“No. No, man. Shit, no, man. I reckon you’d get your ass kicked sayin’ something like that, man.”

6 Ryan May 3, 2012 at 11:56 pm

Like Jake, I’ve always felt intimidated about going to the racetrack. I’m definitely going to print this off and take it with me sometime.

7 davis May 4, 2012 at 12:05 am

I went to the Belmont Stakes two years ago. Some locals had to explain the lingo to me before I could start betting. This is a great explanation. Good luck everyone! Win some money this weekend.

8 JamesBrett May 4, 2012 at 12:11 am

REAL men go the greyhound track. that’s where we do our betting.

9 Matt May 4, 2012 at 6:35 am

Real men go to the dog track? Real degenerate gamblers, more like. Don’t forget to bring your flannel shirt so you’ll fit right in with the other rum pots there. Actually, that’s also pretty good advice for non-Graded Stakes races–well, some Graded Stakes races, too.

10 JamesBrett May 4, 2012 at 9:54 am

flannel shirts, matt!? REAL men wear pajama pants to gamble.

11 Rob Dyson May 4, 2012 at 10:05 am

Brett, I’m a native of Louisville, KY. It’s a great time of year here. You forgot one step at the teller window – make sure your tickets are right before you walk away. You can’t come back after the race and claim the teller put the wrong numbers down!

12 Rob Dyson May 4, 2012 at 10:18 am

Also, I agree with Grant. I had my biggest Derby win ever exacta boxing my favorite (Casual Lies) with the horse my girlfriend liked (Li’ E Tee).

13 Bruce Egert May 4, 2012 at 10:34 am

I wore a blue and white seersucker suit with a white shirt and bow tie to Saratoga Raceway last year. Someone told me I was dressed to the “nines.” So I bet $9 on the #9 horse in the 9th race. It finished in ninth place. But, we all had fun !!

14 TB at BlueCollarWorkman May 4, 2012 at 10:52 am

“Set a budget and bring cash in that amount” <– Exactly! There's nothing less manly than falling into crazy debt and picking up a gambling problem.

15 Scott May 4, 2012 at 10:58 am

I’ve got to agree with Max on this. I usually enjoy every bit of the articles created here, but “a case of the mondays” killed all sense of manliness the article had. Not trying to be a downer, just please never use that phrase again.

16 Joe May 4, 2012 at 1:16 pm

I live a half hour from Saratoga. It is one of the main attractions of our area. When I took my wife there after we first met, she placed a win bet on a long shot named Jeweled Crown. Paid $200. I was impressed.

17 Dan May 4, 2012 at 1:56 pm

How on earth could you not mention the Beyer Speed Numbers?

18 Joshua May 4, 2012 at 2:23 pm

I had never given betting on horse races any serious thought until I read this article. This seems like a great way to get a little excitement while enjoying some cheap entertainment. Well written article Brett and Kate. Thanks.

19 Michael May 4, 2012 at 2:46 pm

In the words of my grandmother, a great horse race enthusiast ” Always bet on a horse with an Irish name.” Next tip, bet on a horse with your girlfriends name in it, unless you are there with the wife, then her name might be more safe.

20 Levi May 4, 2012 at 4:32 pm

Another great article! Something we look out for in England is how far a horse has travelled and if it’s a good traveller (wins or places when racing far from home). Owners won’t pay the travel fees if they’re not confident in their horse winning.

21 Nick May 4, 2012 at 10:06 pm

Movie recommendation for those who want a great comedy about betting one horse racing: Let It Ride, starring Richard Dreyfuss (available to stream on Netflix).

22 Nate Aug May 5, 2012 at 1:13 am

When I was little a good 10 hours a week would be spent with my dad at the horse track in my town. Nothing would beat hanging out bonding with my dad as I chose who to bet on for him by telling him my favorite color out of the horses running. Or getting a free pair of goggles from the jockeys as my dad held me one his shoulders so I could reach out over the fence after a race.
Glad AoM posted this article. Maybe now I’ll actually be able to bet for myself once I turn 19 (I live in Nebraska), and lead to more quality time with Papa Aug.

23 Ann Schwartz May 5, 2012 at 11:36 am

Oh, I wish horse racing was the pure entertainment outing this post makes it out to be. I love the idea, but personally cannot support this industries practices. Unfortunately, no matter how you look at it – the reality of what goes on is cruel to the horses with the drugging (steroids and pain meds.) to make them run when they are sore and injured and many are just too underdeveloped to be running in the first place. Horsedeathwatch.com says that approx. 420 horses are raced to death every year.
I’ll spend my entertainment $ elsewhere until the tracks are humane and safe.

24 GregJD May 5, 2012 at 12:24 pm

Thanks, Brett and Kate. Excellent article as usual. You’ve given me a great idea for a summer weekend outing at Saratoga with my lady.

Can anybody say whether the betting terms are the same and have the same meaning in harness racing? Maybe it’s a Canadian thing but I was always under the impression that place meant third place only. I’ve heard the above description of “place” called “win, place, or show”.

25 Evan M May 5, 2012 at 1:46 pm

@ Michael

I see what you did there.

26 Sam May 5, 2012 at 3:58 pm

As someone involved in the race industry, I’m really happy to see this post. Keeneland is an amazing track to visit, since the backside (where the horses are kept) is somewhat open. You can’t go into the stable areas, but you can walk down and see what happens. Also, visit the track kitchen while you’re there. I’ve seen families casually chatting with big trainers, and having no idea who they’re talking to.

For a quieter time, check your local racetrack to see if they allow guests at the morning workouts. Keeneland and Churchill both allow the public in to see the workouts, which is where the horses train and practice around the track. You can see some famous horses, depending on which races are on the card for that meet. Very few of the public show up, and many of the exercise riders are happy to stop and chat, particularly if you bring coffee!

27 A6 May 5, 2012 at 9:28 pm

I just finished watching the Kentucky Derby a couple of hours ago and I have to say: For the first time EVER I finally understand what Win, Place, and Show mean. Excellent article!! A couple of years ago on my first “real job,” I was so nervous that I made an offhand comment about a guy at work betting on horse racing. Someone overheard the joke, and ever since then the joke or perhaps “I” have been the laughingstock of the entire office. Needless to say, I certainly understand a whole lot more about the sport now after this article.

28 Paul May 6, 2012 at 4:04 am

How come only a woman is the one to mention the cruelty involved in this industry? Does a real man endorse this? Ask Monty Roberts what he thinks of this.
Sure, it looks like a fancy activity, now that betting in Vegas is associated with gambling addicts, but it’s still the same impulse, and the horses aren’t having much fun, for sure.

29 A. McGinn May 7, 2012 at 2:07 am

I feel privileged to live within ten minutes of the great Arlington track in Illinois. Never really got into horse racing until I had a runaround with a girl who was training to be a jockey.
As for the cruelties, such is life.

30 Ryan May 7, 2012 at 3:02 pm

This is one of the things that bums me out about living in Hawaii. Gambling is illegal. No casinos, no lottery. There used to be some horse racing tracks a few hundred or so years ago, but they’ve since been demolished.

31 Sam May 7, 2012 at 8:33 pm

@Paul

You’ve got good trainers and bad ones, in horse racing, and every other discipline. And not just in horses, remember. Most of these horses absolutely love the track. Look up Zenyatta, and watch her during the post parade. She was prancing, ears up and forward, excited.

Yes, there’s bad practices, questionable ones, and good practices. Racing is a very traditional sport, but we are trying to change it so that it will continue to flourish, and continue to be enjoyed for generations to come.

32 J. Todd Leffar May 10, 2012 at 9:12 pm

Does anyone have recommendations for or against Charles Town Races in WV? I’ve been meaning to go but have no idea if it’s worth the trip. (All the online reviews I’ve seen are either 1 star or 5 stars.)

33 Chef Nusy May 13, 2012 at 5:15 am

Awesome article!
Too bad that here in CA only satellite wagering is legal (so no human tellers), and at least where I’m at, we only have races during the county fair, for maybe 3-4 days – and that requires 1) a rather pricey ticket to the fair itself, 2) trodding across the entire fairgrounds, 4) catching those few hours when the horses do run, and 3) hopefully not catching a “blackout” day. Oh, and expensive food and frisking at the entrance.
On the positive side – turkey legs and $1 or less wagers.

How I wish I lived nearer to “real” racing…

34 ManwallDotCom May 13, 2012 at 1:23 pm

Just ask who the creepy guy who hangs out at the track all day likes to win. He’s usually right on the money…

35 Harry November 10, 2012 at 1:03 am

I just won a betting on Melbourne Cup by
a lucky odd number win at $18.

36 Matt January 22, 2013 at 3:34 pm

Very sound advice there. Applies equally in UK.

One other pointer: if you’ve spent a lot of time studying form, and your girl/her mum has picked a horse on the name or the pink silks, brace yourself for the inevitable…

Matt

37 Priya January 29, 2013 at 1:28 pm

Hey Awesome article i have recently joined a horse racing company where i need to test their website
it was very useful for novice like me

38 Janet March 31, 2013 at 1:40 pm

Great tips! Thanks for posting!

39 Zachary Spoonamore May 3, 2013 at 8:55 am

I am going to the Kentucky Derby for the first time tomorrow! I am so freaking excited, I moved to Louisvile 3 years ago and was astounded by the shear volume of people that attend this track every year. I have wanted to go ever since I moved here but always felt a little awkward about going since all of my friends grew up here and know the in’s and out’s of laying a good bet! This year I accepted their offer of free tickets to the 139th Derby and now with this great new knowledge I plan to place my first horse bets ever, I hope I win!!! Thanks for the great advice!!!

40 DStone May 7, 2013 at 9:25 am

This was an awesome blog post! We’re heading out to the last race of the season this afternoon and your advice will come in so handy! Thank you!

41 LDO May 7, 2013 at 9:29 pm

Thank you so much for this informative article. Ive been wondering for sometime now how all this works. I feel more confident after reading this. I may have a better chance of winning than playing the lottery. Wish me luck!

42 jeff August 19, 2013 at 10:21 pm

This is really good. Ive been to a track recently but had no idea how to go about placing a bet. I knew it couldn’t be too hard because everybody seems to know how to do it. Thanks!

43 Chris October 14, 2013 at 5:30 pm

Chef Nusy, are you referring to California? Human tellers abound at Santa Anita Park in LA.

44 margaret November 2, 2013 at 9:18 pm

What does it mean when a horse has a bet of 5 to 8 or 40 to 3?

45 Pon January 23, 2014 at 4:29 pm

Thanks, this really help. I’m printing this and using it this weekend.

46 justin February 3, 2014 at 2:31 am

Awesome article on this subject,it told me everything I wanted to know.This is a awesome site as well,I’ll be telling my buddies to check it out.Keep it up!

47 Billy February 8, 2014 at 12:01 am

Great intro article for the world of Horseplayers.

Very nicely written.

Great site. Superior information. Thank you!

48 cesar February 26, 2014 at 11:54 pm

I have never bet.
But it seems like all the 2 dollar bets are even money bets. How do some people say they made 800 at the racetrack. Do they bet 400 to WIN, and then get their money doubled ? I thought you could bet 20 and then make 800. Can someone post how some people make big money ?

49 JD April 7, 2014 at 1:07 pm

@cesar – they bet $2 or more on harder to win bets like exactas, trifectas, or superfectas and probably included a long shot or two in those bets. These bets ean that you are not only choosing what horse wins, but also which horse places, etc – all in the same bet. Also, they probably “boxed” or “wheeled” their $2 bets to include many horse combinations, so it really ends up being a $16 or $24 cost, on several $2 bets.

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