Betting is among the things many Kentucky Derby fans look forward to this coming May 6. It has been a side activity that’s associated with horse racing. Betting doesn’t only provide additional excitement for the viewers of the race. It also offers great profitability if done right.
So, if you want to bet on the 2023 Kentucky Derby and earn from it, it’s advised that you do your research and know the crucial factors you must consider when betting on the 149th running of the Kentucky Derby.
You can use betting odds to decide which horse to bet on in the Kentucky Derby race. It’s a vital factor you must consider when betting on horse racing events as it will tell you how much money you will get in return when betting on a horse in a specific amount.
Aside from letting you know how much you can earn from betting on a specific horse, it also reveals the implied probability. The implied probability is the chance of an outcome happening which the bookies determine.
That’s why odds differ depending on the sportsbook you use when you bet. Odds from online sportsbooks usually offer better odds. So, you should take time to compare sportsbooks by looking through the odds they are offering. Choose the one with the better Kentucky Derby 2023 odds to gain better profit.
The post position is one of the essential pieces of information that handicapping bettors need to know which horse is the best to bet on. You must consider that some horses might struggle to run from a particular gate. Thus, their post position can greatly impact their performance from start to finish.
Historically, certain gates are considered better than others. Post number 1 is even considered “the dreaded rail,” and no one wants their horse to get that post position. Moreover, if you look into the data from the previous races, post number 5 produces the most wins in 13% of all races that ran in the past ten years.
It’s significantly higher than other post positions. However, you should still consider the horse’s running style on top of its post position. Horses have weaknesses and strengths, and your bet might be more comfortable running post number 1 than five. Therefore, he still has a significant chance to win the race, despite being posted in the worst post position.
Another factor that significantly impacts the Kentucky Derby’s possible outcome is the trainer and the jockey. Trainers are the ones who sharpen the horses’ talents inherited from their bloodlines and mold them into what they are today.
Trainers are the ones who work closely with the horses. They ensure the thoroughbreds get enough nutrition, rest, and exercise to be fit for a race. The trainers are also responsible for teaching the horses the racing skills they need to succeed.
Aside from working hard to produce a champion, trainers also manage staff, choose an event for the horse, and communicate with the owners.
Jockeys are another essential factor that contributes to the horse’s success. The racehorse’s ability to dominate the race depends on its jockey. They are the ones who are competing on the racetrack with the horses.
The riders set the pace, control how quickly the horses leave the gate, and conserve the horses’ energy for a late push. That’s why when you bet on the upcoming Kentucky Derby, you should also consider the horse’s trainer and jockey.
The horse’s past performances are a great way to have a sneak peek of its possible performance in the future. It acts as a window to see how well a horse runs. You will also know through past performances whether they are good at running long tracks.
The Churchill Downs racetrack is one ¼ mile long, and some horses couldn’t keep up with long-distance races.
Moreover, you will find out if a certain horse has won a lot in the past or not. It will give you a hint of what will happen on May 6. Look for patterns when checking a contender’s past performance. Watch the videos from their previous races, especially the most recent ones.
This way, you will be able to notice some vital information that will help you know whether a horse is worth betting on or not.
Horses aren’t robots and can also experience a fluctuation in fitness levels. One day they are amazingly fit, but some days, they also feel slightly under the weather. When betting, it is recommended to check the horse’s fitness on race day.
Their level of fitness can be affected by health conditions, the rest they had in between races, and the breaks they get throughout the racing calendar.
If you want to increase your success in betting on this upcoming Kentucky Derby, consider all the above-mentioned factors. You can also incorporate other things that you think are necessary for determining a possible outcome of the race.
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