The following is a list of ways to possibly get rich by betting on the Kentucky Derby in 2014. The Kentucky Derby is the most famous horse race in the world, and hundreds of millions of dollars are wagered on the event every year.
To get rich from betting the Kentucky Derby in 2014, you have to figure out a way to win some of that hundreds of millions of dollars by betting a relatively small sum of money. Fortunately, the Kentucky Derby offers wagers where you can win a lot of money for very small bets.
Before I get to those wagers, everyone who bets the Kentucky Derby should understand that every dollar bet on the race is a gamble. Absolutely nothing is guaranteed in a horse race, especially the Kentucky Derby where there will be 20 horses in the race.
The odds of anyone getting rich by betting on the Kentucky Derby in 2014 are very small, but it is possible. It is certainly far more possible for someone to get rich betting on the Kentucky Derby in 2014 than it was for someone to win $1 billion by picking every game right in the 2014 NCAA Tournament (no one came close).
How you can get rich betting the Kentucky Derby in 2014
1. Bet the Superfecta
The best way to try and get rich by betting the Kentucky Derby in 2014 is to bet the superfecta. To win the superfecta bet, you have to select the first four finishers in the race in the exact order.
That is not easy to do, but in 2005 all the bettors who bet just $1 on the superfecta and had the first four finishers in the race, numbers 10-18-12-17, got back $864,253.50. Two other superfectas in Kentucky Derby history, $278,503.20 in 2009 and $101,284.60 in 2010, also paid over $100,000 for just a $1 bet.
In 2013, the Kentucky Derby was won by the betting favorite, Orb. The winning superfecta, even with the favorite horse on top, paid $28,542.00 for each $1 bet. The superfecta offers bettors the best single chance to get rich from betting on the Kentucky Derby in 2014.
Even if you think the superfecta is an impossible bet to win, why not use your four favorite numbers from 1 to 20 and wager a buck? (If you don't have four favorite numbers try something like your phone number, street address or even the craps special, 7-11-12-2) You could get lucky and win a massive amount of money this year for a very small wager.
2. Bet the Trifecta
To win the trifecta you have to have the first three finishers in the race in exact order. While the trifecta does not pay what the superfecta does, it's an easier bet to win (though still hard).
In 2005, the trifecta paid $133,134.80 for every $2 bet for all the lucky bettors who had the winning numbers, 10-18-12. So far in Kentucky Derby history, there have been at least five times when the trifecta paid over $10,000 for a $2 bet ($41,501.50 in 2009, $18,373.20 in 2002, $12,238.40 in 2001, and $11,418.40 in 2006).
The 2013 Kentucky Derby trifecta paid $6,925.60 for each $2 bet even with the favorite winning the race. Why not wager $2 using your area code or street address or whatever in 2014?
3. Bet the Exacta
Two win the exacta you have to have the first two finishers in the race in exact order. A much easier bet to win than either the superfecta or the trifecta. Unfortunately, the exacta pays far less than the other two bets.
The record exacta in Kentucky Derby history was $9,814.80 for a $2 bet for all the bettors who had the 10-18 winning ticket numbers in 2005. The exacta paid over $2,000 in 2009, over $1,300 in 2009, and over $1,200 in 2001.
In 2013, the winning 16-4 exacta paid $981.60 for each $2 bet even with the favorite winning the race. While that will not make you rich, it's a pretty nice payoff for a $2 wager.
Why not bet your birthday for $2 in the exacta? If you were born on the 29th of the month, your numbers would be 2-9.
4. Bet to Win
Betting to win in the 2014 Kentucky Derby can make you rich, but you would probably have to bet a lot of money to get rich with a win bet.
The most money a horse has ever paid to win the Kentucky Derby is $184.90 by Donerail in 1913. That's for a $2 bet. If you had $20 on Donerail you could have won $1,849.00, and $200 would have gotten you $18,490.00.
Only three horses in Kentucky Derby history have ever paid over $100 to win (Mine That Bird paid $103.20 in 2009, and Giacomo paid $102.60 in 2005). Longshots do win the Kentucky Derby more frequently than they win regular races, but you still have to bet a lot to get rich betting to win.
Other bets to make you rich 2014 Kentucky Derby
The Kentucky Derby day race card does offer other high paying bets that could make you rich like the pick six. But that bet is not just about the Kentucky Derby. To win the pick six you would have to correctly pick the winners of six consecutive races including the Kentucky Derby.
Pick six wins can run into the millions of dollars, but it's not a specific bet just for the Kentucky Derby.
Good luck betting the Kentucky Derby in 2014.