The 2015 Kentucky Derby will be run this Saturday, May 2, 2015, at Churchill Downs in Louisville, Kentucky, with the race being broadcast live on NBC TV at around 6:30 to 7:00 pm. Here is a list of possible ways for bettors to get rich betting on the 2015 Kentucky Derby.
As a long time horse racing fan, my philosophy for betting the Kentucky Derby is to try and make a lot of money by betting small amounts of money. The Kentucky Derby is a great horse race to try and do that because the race attracts a huge amount of money from bettors every year.
In 2014, a total of $124.66 million was bet on the Kentucky Derby race itself. Trying to get a piece of that $124.66 million while wagering a small amount of money is the goal at the 2015 Kentucky Derby.
Nothing is guaranteed in a horse race and that is especially true in the Kentucky Derby with a 20 horse field. Every dollar wagered on the 2015 Kentucky Derby is a gamble and the odds are that you will not get rich betting on the race but it is possible that someone will get rich betting the Kentucky Derby this year.
How to get rich betting the 2015 Kentucky Derby
1. Bet and hit the superfecta
The superfecta bet, you have to pick the first four finishers in a race in exact order to win, offers bettors the best chance of getting rich by wagering a small amount of money at the 2015 Kentucky Derby. Each superfecta bet on the Kentucky Derby costs just $1 (c’mon Churchill we want .10 cent supers for the Derby!).
The superfecta is tough to hit but if you get it right you can get rich for just a buck. In 2005, the winning Kentucky Derby superfecta combo paid $864,253.50 for just $1. It paid $278,503.20 in 2009 and $101,284.60 in 2010.
The superfecta bet was not officially introduced for the Kentucky Derby until 1996, but over the first 19 years of the bet the winning combo has paid over $20,000 for a $1 bet 13 times. So over 68% of the time the superfecta has paid over $20,000 in the Kentucky Derby for just a $1.
If your still not convinced the superfecta is a great bet, last year California Chrome won the Kentucky Derby as a big favorite and paid just $7.00 to win, but the winning superfecta combo with Chrome on top returned $15,383.80 for just a $1 bet.
Really, every Kentucky Derby bettor should just choose four numbers from 1 to 20 and wager a $1 on the super and see if they get lucky and possibly rich in 2015.
2. Bet and hit the trifecta
The trifecta is a bit easier to hit than the superfecta because you only need the first three finishers in the race in exact order to win. Because it’s easier to win the trifecta pays less than the super, but it still offers great returns for small wagers.
In 2005, the winning trifecta combo on the Kentucky Derby returned $133,134.80 for just a $2 wager. Since the trifecta bet was officially introduced for the Kentucky Derby in 1994, the winning combo has paid over $3,000 for a $2 bet 11 times or 50% of the time.
In both 2013 and 2014, the betting favorite for the Kentucky Derby won the race and both times the winning trifecta combo paid over $3,000. In 2013 with Orb winning, the tri paid $6,925.60, and last year with California Chrome winning it paid $3,424.60.
3. Bet and hit the exacta
The exacta is much easier to win than the superfecta or the trifecta and thus pays less but it still offers bettors the chance to win a lot of money for a small bet. In 2005, the winning exacta paid $9,814.80 for a $2 bet at the Kentucky Derby.
I used to do a horse racing blog and various people from the industry used to contact me including a veterinarian who had a client named Giacomo (James in Italian). So the vet bet Giacomo to win and he also hit the exacta in the race and he said it was just about the happiest day of his life when Giacomo won.
The winning exacta combo has paid over $1,000 four times since the bet was officially introduced in 1986. It’s paid over $300 eleven times including in 2013 ($981.60) and 2014 ($340.00) with the favorite on top of the wager in both years.
Unless you bet a lot more than $2 the exacta will not make you rich, but it can still return a lot of money for a small wager and it’s a bet many people have hit over the years at the Kentucky Derby. Why not wager $2 on your birthday, street address, zip code or some other numbers that mean something to you?
4. Bet to win
I believe betting to win is how most people wager on the Kentucky Derby. It’s not impossible to get rich betting to win in the Kentucky Derby, but you would have to wager a lot more money than on the first three bets listed above.
The most money any horse has ever paid to win in the Kentucky Derby is $184.90 by Donerail in 1913. In modern times, both Mine That Bird in 2009 ($103.20) and Giacomo in 2005 ($102.60) paid over $100 to win for a $2 bet.
If you had wagered $20 on either of those two horses you would have gotten back over $1,000 for the win. If you had bet $200 on either horse you would have gotten back over $10,000, and a $2,000 win bet on either would have returned over $100,000 for the win.
Last year, California Chrome paid $7.00 to win as the favorite. If you are Bill Gates, you could have wagered $2 million on Chrome to win and gotten back $7 million when he won. You can get rich betting to win but it takes much more money upfront and most of us are not Bill Gates.
5. Bet and hit the Super High Five
To win the super high five, you have to have the first five finishers in a race in exact order. This is a super hard bet to win but in the 2014 Kentucky Derby with California Chrome on top the bet returned $149,764.70 for a $1 winning bet.
This is not a popular bet as just $384,057 was wagered on it at the 2014 Kentucky Derby. Another drawback is that if nobody wins the super high five, the money can carryover to the next racing card and nobody gets a payout.
But if you hit the super high five you can get rich betting on the 2015 Kentucky Derby.
Good luck to all the horses, jockeys, trainers, owners and especially the bettors at the 2015 Kentucky Derby!