If you want to win when making a Kentucky Derby bet you need to be prepared and part of that preparation is money management. Let’s consider some Kentucky Derby betting money management tips.
Kentucky Derby bet money management begins by understanding the many options you have. You can make a Kentucky Derby bet on win, place, and show options or you can make a Kentucky Derby bet on exotics. Those exotics in Kentucky Derby betting include daily double, pick three, pick four and pick six choices. You first must allocate money from your Kentucky Derby betting bankroll for each choice. If you really want to win big money when making a Kentucky Derby bet you have to play the exotics. There is just too much public money involved to ignore the exotics when making a Kentucky Derby bet. That means you must allocate money to box horses for pick three’s, the pick four and possibly even the pick six. You also must allocate money for exactas, trifectas and even a superfecta Kentucky Derby bet. These wagers take money and you must understand money management if you want to win in Kentucky Derby betting.
If you want to win when making a Kentucky Derby bet then you need to get your bankroll ready before the day of the race. Don’t be making decisions on amounts and wagers on the day of the race. It is far too easy to get carried away when making a Kentucky Derby bet if you don’t plan out your strategy in advance. You must decide how much of your bankroll you are going to wager on each exotic ticket. Those wagers cost money so you must be prepared from a money management perspective when making a Kentucky Derby bet.
The Kentucky Derby is arguably the most exciting horse race of the entire year. If you want to be successful betting this race then you really need to be prepared. Think about what you want to bet before race day and allocate your bankroll so you have enough money to make all of your wagers.