Why Exotic Wagers Are Really For Beginners

Are you a newcomer to horse racing and think that exotic wagers are for advanced bettors only? Put those ideas aside because there is one bet you can place as a novice gambler that comes with a little bit of insurance. If you think that you are going to be swept away into unknown territory with something called an exotic wager, think again. New bettors can easily use an exotic betting option online or offline to ensure that they do not lose their shirt each time they bet.

One of the best ways to use this bet is for the Kentucky Derby. Along with information about this race’s history and odds, this website can also help new bettors sign up for a new account. In order to make your first successful exotic wager, examine the details below on placing a Trifecta bet for the 2013 Kentucky Derby.

New Kentucky Derby rules help beginner Trifecta bettors

The 2013 Kentucky Derby prep race season started on September 22, 2012 with a new set of rules. In the past, no one was sure about which horses had a chance of being in the Kentucky Derby until immediately before the start date. This year, bettors have a better idea of which horses are likely to gather enough prep race points to run in the 2013 Kentucky Derby. To put it simply, this new system of selecting horses will be a lot like the NBA Playoffs tournament brackets. Since Trifecta bets require handicapping a set of horses in advance, the new contender selection system is perfect for beginners to exotic wagers.

Preparing yourself for Kentucky Derby exotic wagers

What happens too often is that no one will place a bet for the entire year until the Kentucky Derby rolls around. Rusty and inexperienced bettors will usually pick one horse that they think will win, and a pile all of their money onto that one horse. Sadly, this is the worst strategy since it increases your chances of losing altogether dramatically. A better idea is to buy some betting insurance by placing an exotic wager instead. To test this theory, place a few practice bets on other races before the Kentucky Derby.

Understanding the Trifecta bet

Let’s say that you are looking at a horse named Mister Prancer to win the 2013 Kentucky Derby. On the other hand, you are not sure if a second horse named Mint Julep Supreme or a third horse named Jerry Neighbors will actually finish the race in first. If you have three horses that you know will come in either first, second, or third place, you should get a ticket that mimics that feeling. This exotic wager ticket is called a Trifecta box bet.

Make sure you get a Trifecta box

Betting on three horses to land in any of three different spots puts you at a total of 9 combinations, (at $2 per combination), and means you must bet at least $18. If you get a Trifecta ticket that costs $6 or less, chances are that you did not get a Trifecta box that has all your bases covered. It might cost more to buy a Trifecta box bet, but keep in mind that the payouts for trifectas versus a win bet are tremendous. The 2012 Kentucky Derby win bet payout for I’ll Have Another was $32.60 versus $1,532 for the Trifecta that included Dullahan and Bodemeister.

Placing your first Trifecta bet online

In order to place a bet online, you will need to set up an account. This only takes a few minutes of your time with the help of the Internet. To cross compare choices online, take a look at our long list of sports book reviews. Once you have your account information in place, you will have a chance to take advantage of any betting promo codes, coupons or bonuses. Within minutes, you will find information about upcoming races and their possible candidates. After placing your practice bets, you will be ready for your biggest bet of the year — the Kentucky Derby.

The best piece of advice is to wait to place your Kentucky Derby Trifecta bet on the day of the race. This way, you have one last chance to watch the horses online during their morning workout. As long as you have your Trifecta bets placed before noon EST on the first Saturday in May, you will have a successful wager positioned to win.

Published On Mar 28, 2013