The tote board displays odds, probable payouts, Kentucky Derby betting pools, race fractions, final times, track conditions, official results and a lot more.
Kentucky Derby bet wagering is done by looking at the tote board. If you couldn’t see the tote board in Kentucky Derby betting most bettors would have no idea of what to do. Every time that someone wagers, their money goes into a pool. Win bets are put into the win pool of money, place bets are put in the place pool, exacta bets are put into the exacta pool, etc. That is for every possible combination in Kentucky Derby betting. After subtracting the takeout (a percentage of each dollar wagered which is removed from the betting pools to pay the racetrack and various levels of government taxes) from each bet, the computer calculates the percentage of money bet into each specific Kentucky Derby bet pool on each specific horse and each specific combination. It then produces the odds and probable payouts according to these percentages in Kentucky Derby betting. This information is then displayed on the tote board for those looking to make a Kentucky Derby bet.
The odds and payouts displayed on the Kentucky Derby bet tote board represent what the public thinks of each horse’s chances of winning. The public correctly picks the winner of a race approximately 33 percent of the time but if you just bet favorites you would still lose because the track takeout percentage is so high. You want to look at the Kentucky Derby bet tote board and find value. If you think a horse has a 3-1 chance of winning a race and the Kentucky Derby bet tote board says 4-1, you may have some value as you make a Kentucky Derby bet. The odds on the Kentucky Derby bet tote board change every few seconds to reflect the money that goes into the betting pools.
In addition to the basic odds you also get other information that can be helpful. The track condition is displayed on the Kentucky Derby bet tote board, as are race changes. Once the race has been declared Official, the payoffs will be posted on the Kentucky Derby bet tote board for win, place, show and exotic wagers.