Ever since the bill was passed in May 2021 to legalize sports betting in Maryland, more people are joining sportsbooks to wager odds on nearly every big event. Horse betting has always been a popular event in sportsbooks. The Kentucky Derby is the biggest horse racing event in the US. In this review, we’re going to discuss if Kentucky Derby betting Maryland is worth it.
Guide to betting on the Kentucky Derby in MD
We believe that if you are informed before placing any bets, the Kentucky Derby betting could be worth it. Placing a wager on the derby races makes them a lot more fun to watch. You don’t have to spend a lot of money to see a win either. While betting may seem overwhelming at first, once you are familiar with the horses, it’s easier to place a more accurate bet.
Best sites for Kentucky Derby betting Maryland
To make sure Kentucky Derby betting is worth it for you, you should be focused on how to make an accurate prediction (we’ll get to that in a minute). However, we want to make things a lot easier for you, so we narrowed it down to the best 2 sportsbooks in Maryland for Kentucky Derby betting.
Kentucky Derby betting guide tip: We recommend joining both of the sportsbooks mentioned below to increase your odds. When you have more than one sportsbook, it gives you the opportunity to take advantage of multiple promotional offers and compare the odds with each sportsbook.
TVG Maryland- Kentucky Derby betting
TVG has a very attractive welcome bonus offer that’s aimed right at Kentucky Derby bettors. New members get a risk-free bet of up to $300 on their first single horse bet. There are also more chances to get money from TVG Maryland, including a $25 bonus anytime you refer a friend. With this sportsbook, members can watch the Kentucky Derby live on the app for the most exciting experience.
Twinspires Maryland- Kentucky Derby betting
Twinspires is the official betting partner of the Kentucky Derby, so people can trust this sportsbook to be legitimate. They offer a $50 risk-free bet for new members to place on a Kentucky Derby bet. In addition, there are many resources available directly on this betting site to help users learn more about the horses in the race and how to make accurate bets. They even included advanced options for futures betting.
Kentucky Derby Maryland: Choose a sportsbook
When it comes to betting on horse racing, no event is as exciting as the Kentucky Derby. If you are interested in getting in on the fun, you will need to join a sportsbook. In order to have a good experience betting on the Kentucky Derby, you will need to be with a sportsbook you can trust.
Knowing what to look for in a sportsbook will always set you off on the right page. So when you first visit a sportsbook, take a look at the URL bar. If you don’t see a closed padlock symbol before the website’s address, then it’s not a secure site. A website needs to have an SSL or TSL certificate to ensure all information and data is secure.
Security is one of the most important things to look for when choosing a Maryland online sports betting site. Once you know that a sportsbook is secure, you can begin to look for other signs of whether they are worth joining. This will help you find a sportsbook that you can trust. Here is what you should look for:
- License to operate in Maryland
- Deposit and withdrawal methods
- Payout speed
- Verification speed
- Kentucky Derby odds
- Market selection
- Welcome bonuses
- Always compare user reviews from separate sources
Kentucky Derby betting Maryland – Types of bets
There are many different types of bets that can be placed on the Kentucky Derby. In this race, there is a maximum of 20 horses. Since the selection is a lot larger, it makes it a bit more complicated to determine a winner. However, while picking correctly may be more complicated, that just adds to the excitement of the bet.
These are the different types of bets you can place at the Kentucky Derby:
A simple title for a simple style of betting. You may have already guessed how this bet goes just by the name of it. All you need to do for this bet is predict which one of the horses you think will win the race and place a wager. If they win the race, you win the bet.
A place bet has a pool prize, known as the place prize. You will need to wager money on a horse that you predict to win the race. If that horse comes in 1st or 2nd place, you win the place prize.
A show bet is one of the least risky bets at the Kentucky Derby, but it also has the lowest payout. First, place your wager on a particular horse. If that horse comes in either 1st, 2nd, or 3rd, you will win the show prize.
If you want to get a bit more complicated with your betting style, then it’s time to step up to an exacta bet. In this bet, you will place a wager on which horse comes in 1st and which one comes in 2nd. The order you predict must be correct in order for you to win this bet.
There are three other bets that follow suit of the exacta, but step it up a notch:
- Trifecta: Wager on the correct order of the horses that place 1st, 2nd, and 3rd in the Kentucky Derby race
- Superfecta: Predict which horses will place 1st, 2nd, 3rd, and 4th in the correct order.
- Super High Five: Predict the correct order of the 1st, 2nd, 3rd, 4th, and 5th horses in the Kentucky Derby race.
Make an accurate prediction for the Kentucky Derby
With event betting in Maryland, the more you know, the more accurate your bet could be. For example, all racing horses go through a series of prep races before the big Kentucky Derby event. Many sportsbooks will post information about these results for people to find. If you review this information, you could be on the path to making more accurate predictions.
Some sportsbooks may have additional resources, such as videos from past races. This can be really valuable when you want to learn more. When you begin reviewing different horses in the race, there are certain things to pay attention to for making better predictions in the future:
- Past performance results
- Jockey stats
- Horse stats
- Class rating
- Speed figures
FAQ’s About Kentucky Derby betting Maryland
Is Kentucky Derby betting easy for beginners?
If you have never placed bets on a sports event before, the Kentucky Derby is a great event to start out on. This is because each bet you place is very straightforward. Another reason why it’s a great event to place bets on is that people don’t have to spend very much money. Some sportsbooks will allow people to place $1 bets.
When does the Kentucky Derby take place?
The Kentucky Derby is an annual event that only happens once a year. This event takes place in Louisville, Kentucky, on the first Saturday in May. It is the kick-off to the Kentucky Derby Festival, which usually lasts for 2 weeks. So while you may not be able to go from Maryland to Kentucky to see the races, you can still place your bets online.
What type of prep work do the horses go through for the Kentucky Derby?
Each horse has to complete 36 different prep races in the US focused on the Kentucky Derby in order to qualify for this event. To make sure they are up for the challenge, these horses also have to complete 7 prep races in Europe and an additional 4 in Japan. Every horse needs to be 100 percent ready for the main event.
What personal information do I need to enter to place bets on the Kentucky Derby?
Most sportsbooks will require some personal information to verify that you are legal to gamble in Maryland. You will need to provide your name, birth date, and email. You will also need to provide at least one piece of banking information to make a deposit and collect your winnings. Some sportsbooks may need your social security number for verification as well.
What is the Kentucky Derby best bet for beginners?
If you’re new to the world of betting on horse races, we recommend starting off simple. Show bets may be the least risky, but we recommend starting off with a winning bet. This will give new bettors an opportunity to learn the betting lines. They will also receive a much better payout if they chose the correct horse to win.