A gamblers guide to betting on the Breeders' Cup
While the Kentucky Derby is the horse racing's equivalent to the NFL's Super Bowl, the Breeders' Cup is the sports' Christmas Day. There is something for everyone.
And because of the variety of races and ample field sizes, there is a great opportunity to really make some money and have some fun enjoying horse racing’s premier two days.
This year's Breeders’ Cup excitement will kick off at historic and picturesque Santa Anita Park in Arcadia, California on Friday, November 1 and Saturday, November 2, 2013.
Thoroughbred racing’s most prestigious global event will consist of 15 races with purses totaling more than $25 million, attracting the best horses from around the world, along with the serious and causal gambler.
In an effort to help you make the most of this year's Breeders' Cup wagering, we have put together a simple strategy for grabbing a big return on your picks.
The best way to make sure you enjoy both days of racing action, is to set a budget for each day for what you plan to wager, placing all your wagers in advance the morning of each day.
That means that you will need to do your homework on all the jockeys, trainers and horses at least a few days before the first day of competition. It's important to review past performances to determine whether a contender and or his pilot will be a favorite or just a huge long shot come post time.
Our best advice is to find a couple of horses you really like and center your wagers around them. All you need is one long shot to come in and you’ll make some money and have bragging rights for the next year.
But there are other betting strategies for those who want to put more time and effort into studying their picks. And chosing which one of the countless wagering opportunities and bets to be made, really all depends on how much money you're looking to make — and spend.
Some gamblers are content just cashing tickets and don’t care if they win $2 or $2,000. Others have no problem losing $100 to go after a big score. With that in mind, we’ll throw out a few plays for both types.
For those just looking to cash a few tickets and have a rooting interest in all of the Breeders’ Cup races, making some ladder bets on one horse in each race is sure way to provide some fun without risking the farm.
A ladder bet is a spread out win/place/show bet that allows you to place a wager without getting to serious, and still make some sort of a return.
An example would be placing a $12 ladder bet on every race. The bet would be $2 win, $4 place and $6 to show.
This is approach is particularly effective with questionable jockey/horse combinations and long shots, as they don’t win as much, but do come in second or third more often. Spreading out your bets using this method can provide a pretty decent payoff if you're lucky, while keeping you in the black a lot longer.
However, for those looking for the big payday, there is the exacta, trifecta or the superfecta.
Not for the faint of heart, a superfecta bet requires that you predict the correct order of finish for the top four horses.
The key to superfecta wagering is to cover as many outcomes as possible without laying down too much of your cash.
During the 2006 Breeder's Cup there were three five-figure $2 superfecta payoffs and one six-figure payoff of over $100,000. That said, superfectas are worth going after.
The key to any bet is to have fun. So dood luck and enjoy one of horse racing's biggest events.