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