How to put this new knowledge to work
So how do you beat the punters (salty horse racing lingo for amateurs)? Pros can spot “dead money” in betting pools and can recognize when lines are shifting to their advantage. You are not a pro and that can take, like, years of hardcore experience. But that doesn’t mean you can’t have fun and place some money smartly.
Hedge your bets: You don’t have to make it rain to get the most out of betting on horses, you just have to divvy up the cash in a smart way. You could go all-in and drop it all on the horse with the sweetest '90s boy band reference for a name, or you could hedge and spread the risk. Remember how a favorite has a 33% chance to win? They also have better than a 50% chance of placing and 66% chance of showing. So go ahead and throw some money on something fun, but get some return off the favorite.
Once you’ve picked your go-to moves, head to Derbyjackpot and signup. Boom -- you’re set to start wagering all from the comfort of your futon… which you might just upgrade to a chaise lounge if this goes according to plan.
Throw down $100 and follow these examples to get the most out of your Derby Day experience:
Pick the Win Bet; go all in and put that $100 on your favorite horse.
You might find it less risky to spread the dinero between two different bets. For example, put down a $75 Win Bet on your favorite horse, and a $25 Show Bet on a long-shot horse, just in case.
Divvy up your money. Throw down a $50 Win Bet on your favorite horse, a $25 Show Bet on your backup horse, a $15 Exacta Bet on your top two horses, and a $5 Trifecta Bet on your top three horses. You’ve got all your based covered. If you still have some loose change floating around and you like to go big, put down $1 on a Superfecta, because hey, you never know.