| While you are at the Kentucky Derby you may want | | | | pools are displayed. |
| to try your luck at the betting windows. A bet on a | | | | DEAD HEAT Two horses finish in exact tie. (Rare |
| race always makes the outcomes of the race more | | | | today because of new photo finish technology) |
| interesting so why not try your luck. There are several | | | | MINUS POOL A mutual pool caused by heavy betting |
| factors and variables when betting on a horse. These | | | | on a particular horse. If after deductions for state tax |
| include bloodline, sire (father), dam (mother), not to | | | | and commission there is not enough money to pay the |
| mention the trainers, grooms and jockeys. These are | | | | legally prescribed minimum payouts the racing |
| well trained 3 year olds, but they are still animals so | | | | association usually makes up the difference so |
| anything can happen. Below is a short basic glossary | | | | everyone gets paid. |
| of horse wagering terms. | | | | IN THE MONEY Finishing first, second or third. |
| Betting at the Derby is pari-mutuel which essentially | | | | ODDS ON Odds of less than even money example 5 |
| means betting among ourselves, in other words if you | | | | to 4 on is really 4-5 odds. |
| play roulette in a casino you are betting against the | | | | ON THE NOSE Betting to win only. |
| house but in horseracing you are betting in a pool of | | | | POOL Total sum bet on a race or a particular bet. |
| sorts with other bettors. Odds are set by how much | | | | TAKE Commission deducted from mutual pools, |
| money is bet on individual horses. | | | | shared by track and local and state taxes. |
| HANDICAPPING Professional handicappers evaluate | | | | WIN BET Betting on a horse to finish first. |
| horses using factors such as, a horses' past | | | | OTHER HELPFUL TERMS |
| performance, behavior before and during previous | | | | FIRST TURN The first bend in the track past the |
| races, genetics (bloodline), the jockey riding the horse, | | | | starting point. |
| and the trainer and groom. | | | | PADDOCK Area where horses are saddled before |
| TYPES OF WAGERS Across the board wager. You | | | | post time. This area is usually open to the public so you |
| are betting on the horse selected to win, place, or | | | | can look at and make your decisions on different |
| show. If you are lucky and your horse comes in first | | | | horses to wager on. You can observe the interaction |
| you will collect 3 ways. If your horse comes in second | | | | of the trainers and grooms with the horses. This is an |
| you will collect 2 ways. If your horse comes in third | | | | excellent place to observe pre race behavior. |
| you will collect one way. | | | | POST Starting point or position at starting gate. |
| EXACTA With this type of wager you must pick the | | | | NECK Usually the length of a horses neck or a quarter |
| first two finishers in the exact order they finish. | | | | of a length. |
| QUINELLA With this wager two finishers must be | | | | BACKSTRETCH The straight way on the far side of |
| picked and payoff is made no matter which horse | | | | the track. |
| finishes first or second | | | | FURLONG 220 Yards, 660 ft or 1/8 of a mile |
| SHOW The horse that finishes third. SHOW BET | | | | Remember you can place bets for as little as $2.00 or |
| Wager on a horse to finish third or better. | | | | any amount you choose so go ahead and try your |
| TRIFECTA This involves picking the first three horses | | | | luck and we wish you the best of luck. You can |
| in the exact order they finish. | | | | purchase racing forms, and you will be inundated with |
| WIN BET Picking which horse finishes first. | | | | information at the track. |
| BOARD A tote board on which odds and betting | | | | |