how to bet kentucky derby

If you want information on how to bet on horse races and horse racing. And also placing wagers on horses refer to the instructions on betting below.
make certain to check your tickets and count your change. HOLD ALL TICKETS UNTIL THE RACE IS OFFICIAL. In case of an objection or disqualification, do not throw away or try to cash your tickets until the race is "official".
WIN, PLACE, SHOW - If you bet to WIN, you collect if your horse finishes first, if you bet to PLACE, you collect if your horse finishes First or Second. And if you bet to SHOW, you collect if your horse finishes first, second or third. You will usually collect more a on successful WIN bet than on a successful SHOW bet.
EXACTA - To win an exacta, you must select the horses that finish first AND second on a single ticket. The two horses must finish in the exact order. Please note that this race is also called a "perfecta" at some racetracks. Example: Belmont, 3rd race, $2 exacta on #2-4
QUINELLA - To win a quinella wager you must pick the first and second place finishers in any order (if you play a 1-2 quinella, and the race finishes 1-2 OR 2-1, you are a winner, this bet is very similar to an exacta box, see below, but usually has a lower pay out.) Example: Belmont, 3rd race, $2 quinella on #1-2
TRIFECTA - To win a trifecta, you must select the horses that finish first, second AND third in the exact order on a single ticket. Example: Belmont, 3rd race, $3 trifecta #1-4-5.
SUPERFECTA - To win a Superfecta, you must select the horses that finish first, second, third AND fourth in the exact order on a single ticket. Example: Pimlico, 9th race, $3superfecta #6-2-5-1
DAILY DOUBLE - To win a Daily Double, you must combine the winner of the first half with the winner of the second half of the Daily Double on a single ticket. This bet must be PURCHASED PRIOR TO THE FIRST DESIGNATED RACE OF THE DAILY DOUBLE. Example: Belmont, $2 Daily Double #4-8
PICK THREE - sTo win the PICK THREE, you must select the first horse in each of the three (3) designated PICK THREE races. If no one selects all three winners, a pay-out is made to those selecting the highest number of winners If no one selects a winner in any of the three (3) races the Association shall refund the entire pool. Example: Laurel, $2 Pick THREE 6-1-7 Please note this wager is also called the Daily Trifecta
PICK SIX - The Pick-6 is similar to the Pick-3 except that you must select the winning horse in six consecutive races on a single ticket. However, if no one selects all six winning horses from the designated races on a single ticket a portion of that days Pick-6 pool is distributed among the holders of tickets with the most winning selections on a single ticket. The remaining pool shall be "carried over" to the next racing day. The pool is continually carried-over until such time that someone does correctly select the six winning horses from the designated races on a single ticket. EXAMPLE: Belmont, $1 Pick-6, #1-2-3-4-5-6.
TWIN TRIFECTA - Give your selections for the 1st half of the Twin Trifecta to a mutuel clerk. If you win the 1st half - EXCHANGE YOUR WINNING TICKET for wagers on the 2nd half of the Twin Trifecta. At this time, you will collect your share of the 50% pay-out.* If you win the 2nd half of the Twin Trifecta, simply cash your ticket(s) for your share of the pool. In order to the win the second half YOU MUST HAVE ALL THREE FINISHERS IN THE EXACT ORDER. If there are no winners, the remaining pool will "carry-over" to the next racing day.
EXACTA BOXYou can buy a two or more horse box for a base value from $2 to $250. Example: $2 exacta box on the 1-2-3 costs $12. To win an exacta, your selections must finish first and second in that order. By boxing two or more horses, if your selection crosses the wire in whatever order, you're a winner.
EXACTA PART WHEELEXAMPLE #1: If you think the #1 or #4 horse will finish first and the #2 or #3 horse will finish second you would ask for a "$1 part wheel, 1-4 with 2-3. The cost of this bet would be $4 and will cover 4 different combinations: 1-2,1-3,4-2,4-3.
TRIFECTA BOXYou can buy a three or more horse box for a base value of $1 to $250. Example: $1 trifecta box on the 1-2-3 costs $6 and pays one half the regular $2 trifecta price that is displayed on the tote board. In a trifecta, your selections must finish first, second and third in that exact order. By boxing three or more horses, if three of your selections cross the wire first, second and third in whatever order, you are a winner.
TRIFECTA KEY ENTRYIf you think you have picked the winner in a trifecta race and wish to box other horses for second and third, then use THE TRIFECTA KEY ENTRY. The bet should be called as follows: Example - $1 key 1 with 2-3-4. The total cost of this bet is $6 and will cover the following winning combinations: 1-2-3, 1-2-4, 1-3-2, 1-3-4, 1-4-2 & 1-4-3. A "$1 four horse key entry" would cost $12. A "$1 five horse key entry" would cost $20. The examples given are for a $1 key.
TRIFECTA PART WHEELEXAMPLE #1: If you think the #1 horse will finish first and the #2 horse will finish second and you wish to play 3 other horses with this combination for third, you should ask for a "$1 [remember, the base price can go as high as $250] part wheel, 1 with 2 with 3-4-5" The cost of this bet would be $3, covering the following winning combinations: 1-2-3, 1-2-4 and 1-2-5. EXAMPLE #2: If you think the #1 horse will finish first and the #2, 3 or 4 horses will finish second , and #2,3,4,5 or 6 will finish third, you would ask for a "$1 part wheel, 1 with 2-3-4 with 2-3-4-5-6". The cost of this bet would be $12 and will cover 12 different combinations: 1-2-3, 1-2-4, 1-2-5, 1-2-6, 1-3-2, 1-3-4, 1-3-5, 1-3-6, 1-4-2, 1-4-3, 1-4-5 & 1-4-6.
TRIFECTA WHEELRepresents a trifecta wager where pick 1 horse to finish in a designated position (first, second third) and combine the remaining horses in the field for the other two positions. EXAMPLE: "$1 trifecta wheel on 1-all-all." The total cost of this bet (assuming a 9 horse field) is $56.