Each horse will have a record of recent races he’s run, what place he finished, and how far ahead of the other horses he was. Conversely, betting on a horse with bad odds will pay out a lot of money if they do win. Give that a good look to see who’s done well recently.
Look for a horse that has won most of his races by a good length. Or you can bet that he will “show,” — that is, come in first, second, or third. He’s dominated all the races he’s run so far and all eyes will be on him. You’re trying to hit the sweet spot: a horse with okay odds who you think has a shot at winning.
The favorite going into this weekend is California Chrome, with 5-2 odds. If your horse comes in any of those positions, you’ll get money.
If you’re sure you’ve got the winner and you only want to place a simple bet for him to come in first, go ahead and bet your money that way. If you’re not going to be in Louisville for the big day, you can head to your local racetrack or off-track betting outlet and place a bet there.
. Therefore, betting on him won’t yield a big payout. Say, “I’ll bet $2 on (horse’s name or number) to win.”
If you’re done with the beginner stage of betting, you can up your odds of winning by doing more complicated bets that yield bigger payouts: exactas, trifectas, and superfectas. Good luck racing fans!
Picking a Horse
There are 20 horses in the field for the Kentucky Derby, though as of now only 19 will be running Saturday (#11 Hopportunity was “scratched.”) All the horses are 3-year-old male thoroughbreds, which means they’re young horses with lots of talent that is still developing and not a ton of experience.
Many casual bettors will pick a horse based on name or looks, but there are better ways to judge the odds for whether a horse has a shot at winning. A horse that goes into the race with 50-1 odds but comes in first place will pay out the most money to the bettor. What’s a superfecta anyway, and how do you bet one?
Here’s our guide to making sense of the Run for the Roses. You can place your bet anytime up until about 20 minutes before the race goes off at 6:24 p.m. Saturday. If you’re in it for the thrill of victory alone (and not the money), he’s a good bet.
Betting on Your Picks: “I’ll take $2 to win on the four horse, please.”
In horse racing, you need to bet on what place the horse will come in. You’ve got your mint julep and your fancy hat ready for the Kentucky Derby, but are you ready to place your bet on the horse you think will win?
Now it’s off to the races. Horses with lower first number (10 and down) are considered top contenders.
Betting on a horse with good odds will not pay out much money if they win. Here’s a quick guide:
Exacta: You pick the two horses you think will come in first and second, in that order.
Trifecta: Pick the three horses you think will come in first, second, and third – in the right order.
Superfecta: You guessed it. The words “first, second, and third,” are replaced by “win, place, and show.” If you think your horse is pretty good but not going to come in first, you can bet that he will “place,” — that is, come in first or second. Like it’s name implies, the superfecta pays out big bucks if you manage to get it right.
Like all sports, horse racing has its own language that can be confusing to casual watchers. It looks something like this: Vicar’s In Trouble (20-1).
Horses with a high first number (like 20-1 or 50-1) are considered unlikely to win the race. The Kentucky Derby is one and a quarter miles long, longer than any race these horses have run before, so the winner will need stamina.
Odds and Favorites
When you look at a race form there will be a number in parentheses after each horse’s name. For a superfecta you pick the top four finishers in the right order. That number shows what the odds are that the horse will win
The idea is that “many minds are better than one,” therefore the act of pooling individual insights gives groups a better chance of reaching optimal decisions.
In a statement, Unanimous’ chief information officer David Baltaxe said the whole process took the company’s AI tool 20 minutes.
“I placed my $1 bet on the race at the Derby on Saturday and made $542.10 — the odds of winning the superfecta [the top 4 finishers in order] were 540-1,” TechRepublic reporter Hope Reese wrote. Exaggerator
The artificial intelligence company Unanimous tested its new software platform, UNU, on last weekend’s Kentucky Derby, as reported by TechRepublic.
4. For comparison, none of the experts at Churchill Downs predicted the top four horses, let alone the top four horses in the correct order.
3. Twenty participants, convened by the company, first used the software to narrow the field of 20 horses down to four top picks. All Rights Reserved.
How does the system work? According to the company, the technology is built on a closed-loop system inspired by the insect swarm found in nature. In a recent 60 Minutes/Vanity Fair poll, more than half of Americans (53 percent) called society’s quest to advance the field of artificial intelligence “important.”. Mohaymen
You probably didn’t consider basing your Kentucky Derby bets on artificial intelligence — but maybe you should have. The participants then used UNU to predict the winning order — and it turned out to be 100 percent correct. Nyquist
© 2016 CBS Interactive Inc. Gun Runner
Although several prominent industry leaders remain wary of artificial intelligence, and a recent high-profile experiment with it went awry, the technology could revolutionize everything from smartphones to automobiles. 1.
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