Before the annual Kentucky Derby begins, you’ll likely want to get your bets in. Thanks to modern technology, you don’t have to travel to Kentucky to place bets on these events. In this Kentucky Derby betting in Maryland guide, we’re going to discuss how you can bet on the horse races and the best sportsbooks to join.
Guide to betting on the Kentucky Derby
If you enjoy watching horse racing, then you probably don’t want to miss the Kentucky Derby. With the right sportsbook, you can add a lot of excitement to the big race by placing bets on it. There are many different types of bets you can place, and you can get in on more than one. So make sure you get your bets in before the first Saturday in May.
Get your wagers ready, and in the meantime, it’s a good idea to keep track of the horses. Many sportsbooks will have resources, such as videos and articles, to let you know more about how the horses are doing throughout their prep races. If you study these, you may have better luck making your predictions for the Kentucky Derby.
Info about Kentucky Derby betting Maryland
The Kentucky Derby only happens once a year. On the first Saturday in May, these horse races take place and are usually followed by the Kentucky Derby Festival. While Maryland residents may not be able to join in on the festival’s events, they can still watch the races on NBC and place bets through their MD online sportsbooks.
There is a maximum of 20 horses per race in the Kentucky Derby. This means that predicting a winner can be a lot more challenging. However, if you predict correctly, the payouts are usually very high. So while predicting a horse to win is difficult, it’s not impossible.
How to pick a winner at the Kentucky Derby
Kentucky Derby betting online could work out well for you if you know what to look for. However, the best way to make a more accurate prediction on your bet is to go through a process called “handicapping.”
How does a bettor handicap a horse race? There are many different things that you will need to study to handicap successfully. Don’t be discouraged if this takes a while to catch on to. Handicapping takes a lot of time to do thoroughly and often a lot of research as well. Here are some things you will need to study:
- Past performances
- Horse stats
- Class ratings
- Speed figures
- Tracks ; bias
- Jockey/trainer stats
- Horse pedigree
- Post position
Find the best sportsbook for Kentucky Derby betting Maryland
In order to place bets online, you will need to be registered to a sportsbook. Since every state has different laws and regulations for gambling, you will only be able to join a sportsbook for the state that you currently are in. Unfortunately, this also means that you will only be able to use your sportsbook while you’re in Maryland.
You may notice that there are many different sportsbooks in Maryland. However, only a select few are right for Kentucky Derby betting. So, before we go over our top picks for Kentucky Derby betting Maryland sportsbooks, we want to discuss some important features you should be looking for in a sportsbook.
Safe and secure
In order to register for a Maryland online betting site and make payments, you will need to enter personal information. This means that you need to make sure you are on a safe website. Always review the sportsbook you choose to make sure they are legal to run in Maryland. They will most likely have this information displayed on their main page, so people are aware.
You should also double-check that you are using a sportsbook that is secure. This way, you know your information isn’t at risk. An easy way to tell if a website has an SSL or TSL certificate for security is to check the URL block. This is where you type in the website address. If you see a closed padlock symbol on the left, the site is secure.
How and when do I get paid?
Most sportsbooks will accept several different banking methods to make deposits. This included instant bank transfers, major credit cards, e-checks, Paypal, and more. While there are many different ways to make a deposit, some sportsbooks only allow certain banking methods to accept withdrawals. In most cases, you won’t be able to collect your winnings with a credit card.
Once you determine that the sportsbook accepts the payment and withdrawal methods you plan to use, you should review the banking policy. Each payment method will have a different timeframe of when to expect the payment to come through. With most banking options, payments for deposits are instant, but collecting withdrawals varies upon which method is used.
Which sportsbooks are best for kentucky derby betting in Maryland
There are many great sportsbooks in Maryland, but many of them don’t have the greatest selection for Kentucky Derby betting online. If you were to review each and every Maryland sportsbook for horse-race betting, you would probably end up very disappointed. So, to make things quicker and easier for you, we found the two best sportsbooks to join.
TVG MD Kentucky Derby betting
- Attractive welcome bonuses, including a risk-free bet of up to $300
- Invite friends for more chances to win and a $25 referral bonus
- No fee on deposits
- Watch events directly from the sportsbook
- Active customer support
Twinspires MD Kentucky Derby betting
- Players get a $50 risk-free bet for the Kentucky Derby
- Instant betting options through a clean mobile app
- The information posted directly to site, such as history; results
- Handicapping can be done directly from the sportsbook
- More options for event betting in Maryland
Placing bets on the Kentucky Derby MD
Now that you’re familiar with how to choose a sportsbook for Kentucky Derby betting, you may be wondering what type of bet you can place. Unfortunately, when it comes to Kentucky Derby betting, there are many different bets you can place. However, each one is rather straightforward and easy to get the hang of:
- Win: Place a wager on which horse you predict to win the race.
- Place: This pool has a place price that you could win if the horse you wager on comes in either 1st or 2nd place.
- Show: Bettors could win a low-wage prize (known as the show price) if their pick comes in either 1st, 2nd, or 3rd.
- Exacta: Place a wager on which horse will come in 1st and which will come in 2nd (order must be correct to win).
- Trifecta: Similar to the exacta bet, however, you will need to wager on the correct order of the 1st, 2nd, and 3rd place horse.
- Superfecta: Wager on the correct order of the horses that place 1st, 2nd, 3rd, and 4th in the race.
- Super High Five: If you’re feeling lucky, place a wager on the correct order of the first 5 horses to finish the race.
FAQ’s About Kentucky Derby betting Maryland
Is it legal to place bets on the Kentucky Derby race in Maryland?
Yes, in 2021 the bill was passed to legalize sports betting in Maryland. Since the Kentucky Derby is a racing event that airs live on national television, it is categorized as a sporting event for betting. As long as you are 21 years of age and joined a licensed sportsbook, it’s legal to place bets on the Kentucky Derby.
Is it risky to place Kentucky Derby bets in Maryland?
All types of bets do have a risk associated with them. This is because there is no way to guarantee you will not lose the money you wager. However, many bettors consider Kentucky Derby betting a lot less risky than other sports. This is because many of the betting pools only require small wager bets. People can get in for $1 or $2 if they want.
What’s the most important thing to consider about a horse before placing wagers?
Many people are under the impression that they should consider the horse’s past race results to make an accurate prediction. This isn’t necessarily true. Each horse has many positive attributes that make them a fit contender for the derby. It’s a very good idea to weigh out all of those attributes before making a final decision.
Where is the Kentucky Derby held?
The Kentucky Derby takes place in Louisville, Kentucky. This race is a 1 1/4 mile long event on a dirt path at Churchill Downs. While you may not be able to attend the race in person, people all across the world can watch the events when they are aired live on NBC.
Which bet for the Kentucky Derby has the highest payout?
With every bet you place, the riskiest one will always have the best payout. In the case of Kentucky Derby betting, the odds are always highest with the Super High Five. This is because it is much more difficult to get all 5 slots correct. As a result, you will likely win a lot more than you wagered.