Sept. 5 (UPI) -- How can a $2 bettor make any money on the Kentucky Derby when Tiz the Law is likely to go to the post as a heavy odds-on favorite?
Here's how the 2019 Kentucky Derby prize money breaks down:. $1.86 million for the Kentucky Derby winner. $600,000 for the Kentucky Derby runner-up. $300,000 for third place. $150,000 for fourth place. $90,000 for fifth place. That is at least $50,000 but more people would've won money if Maximum security had been the winner. Wilkinson did not specify how much money was bet on each horse but only said they made six. September 2nd, 2020 by J. Tiz the Law, shown winning the Travers Stakes on Aug. 8, is the 3-5 morning-line favorite for Saturday's Kentucky Derby. (Chelsea Durand/NYRA Photo) Better late than never, the $3 million, Grade 1 Kentucky Derby Presented by Woodward Reserve will finally take place on Saturday, Sept. 5 at Churchill Downs, four months later than its traditional date on the first Saturday. At Churchill Downs on May 1, the 147th running of the historic Kentucky Derby will take place. This is your Kentucky Derby reference page, examining the history, New York horse betting options, the road to the Derby and handicapping variables for the Fastest Two Minutes in Sports. The Kentucky Derby, dating back to 1875, assembles 20 of the nation's top 3-year-old thoroughbreds. How Much Money Is Bet on the Kentucky Derby? On Derby Day in 1908, the crowd bet a total of $67,570, including $18,300 on the Derby race itself. In 1984, fans broke the North American record for betting on a single horse race, wagering nearly $19 million on the Derby.
It's always fun to win but who wants a $3 -- or less -- return on a $2 win ticket? Big races like this should be hit for a lot more.
Well, there are a couple ways to look at it. One would be to decide Tiz the Law really might not win. That would be a risky proposition, based on the available evidence.
'It's a little daunting being the 3-5 favorite in the Kentucky Derby, but I think he's earned it,' Jack Knowlton, head of the Sackatoga Stables' ownership group, said Thursday morning on the Churchill Downs backstretch.
He's right. So let's look for another approach.
Even if Tiz the Law wins by the length of the stretch, there could be a reasonable return on a trifecta or exacta ticket if a long shot (or two) finishes in the top three. This being the Kentucky Derby, that's not unlikely.
But where to look for those lucky long shots?
Santa Anita Derby winner Honor A.P. certainly won' be a really long shot. He's the 5-1 second pick on the morning line. But if he actually starts at that price and he's the most likely to win if the favorite falters, let's get him on the ticket!
Trainer Bob Baffert has two colts in the race as he seeks a record-tying sixth Derby win. The better-regarded of the two is Authentic but, despite Baffert's protestations, its debatable he will stay the 1 1/4 miles.
The other Baffert entry, Thousand Words, looks like he's improving at the right time and will be a square price.
Ny Traffic is the colt who almost caught Authentic in the Haskell. He has been moving in the right direction and might benefit from the additional distance. He doesn't win often, but hasn't missed a top-three finish in any of his five starts this year.
So, let's try a $1 trifecta box with Tiz the Law (17), Honor A.P. (16), Thousand Words (10) and Ny Traffic (15). That will cost $24. If Tiz the Law wins and Honor A.P. is second, it won't pay much. But there's the potential for a decent payoff if some other combination finishes 1-2-3.
Another thought: If Tiz the Law is a lock to win, how about a superfecta bet with him on top? A 10-cent superfecta with a single to win and six horses boxed underneath only costs $12. If some bombers finish second through fourth, kaching! Well, a muted kaching! It's only a 10-cent wager.
For that, consider the aforementioned Authentic (18), deep closer Enforceable (3), who could pick up some pieces from a hot early pace, and Max Player (2), who was third behind Tiz the Law in both the Belmont and the Travers.
The most important consideration here: Never bet more than you're willing to lose.
So you want to bet on the 2019 Kentucky Derby, but you've seen all these words like 'exacta' and 'trifecta' and you have no clue what those two terms mean.
It's okay. You've come to the right place. We're here to help. This is the guide to the casual bettor who wants some skin in the game but who doesn't know a thing about the types of bets you can make on the 'fastest two minutes in sports.'
So, let's try a $1 trifecta box with Tiz the Law (17), Honor A.P. (16), Thousand Words (10) and Ny Traffic (15). That will cost $24. If Tiz the Law wins and Honor A.P. is second, it won't pay much. But there's the potential for a decent payoff if some other combination finishes 1-2-3.
Another thought: If Tiz the Law is a lock to win, how about a superfecta bet with him on top? A 10-cent superfecta with a single to win and six horses boxed underneath only costs $12. If some bombers finish second through fourth, kaching! Well, a muted kaching! It's only a 10-cent wager.
For that, consider the aforementioned Authentic (18), deep closer Enforceable (3), who could pick up some pieces from a hot early pace, and Max Player (2), who was third behind Tiz the Law in both the Belmont and the Travers.
The most important consideration here: Never bet more than you're willing to lose.
So you want to bet on the 2019 Kentucky Derby, but you've seen all these words like 'exacta' and 'trifecta' and you have no clue what those two terms mean.
It's okay. You've come to the right place. We're here to help. This is the guide to the casual bettor who wants some skin in the game but who doesn't know a thing about the types of bets you can make on the 'fastest two minutes in sports.'
With some of these, it's as easy as picking one horse to win it all, but there are a bunch of other options. Here they are:
Win
This is the simplest of them all. You pick one horse, and if it wins, you get paid money against its odds.
Place
You're betting on a horse to win or finish in second place. But it means the money you'd win will be lessened because you have more of a chance to win.
Show
A bet that one horse will finish in the top three, and like 'place' above, your payout is even lower because you have a trio of chances to win.
Exacta
You have to pick two horses to finish first and second in the exact order. Hence the term 'exacta.'
How Much Money Is Bet On Kentucky Derby Contenders
Quinella
This bet also requires you to pick two horses to finish 1-2, but you don't need them to finish in that exact order.
Trifecta
How Much Money Is Bet On Kentucky Derby Winners
Just like an Exacta, but with three horses in the exact order of finish.
Superfecta
This is picking FOUR horses in the exact order of finish. If it sounds impossible, it is, partially because of the money you can win if you're right:
'Box' bets
How Much Money Is Bet On Kentucky Derby Results
You can ask for your exacta, trifecta or superfecta bets to be 'boxed' — that means if the two, three or horses you picked finish in the top-2, -3 or -4 in any order, you win. You just have to pay more up front because you have a better chance to win.
How Much Money Is Bet On Kentucky Derby Winner
Good luck!
