Select a horse for the Win Place Show wager. Each wager costsR$6 total, $2 for each win, place, and show bet.

Learn how to bet the Kentucky Derby, get live odds plus expert picks, and bet online at twinspires, the official wagering site of the Kentucky Derby.

Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.

Hedging Bets\n\n Hedging is a risk-averse strategy that involves placing bets on different outcomes to lock in a certain level of profit or minimize losses, irrespective of the actual result. This strategy is particularly effective when the conditions or odds have shifted in your favor after you've placed your initial bet.