Chocolate CandyIt’s that time of the year when the sports world takes a two-minute breather from the NBA and NHL Playoffs. The world turns its eyes to the Blue Grass state on the first Saturday in May for the running of 135th Kentucky Derby.

Only trailing the Super Bowl, the Kentucky Derby is the biggest betting event for online sportsbooks and bookmakers.  Every year the Kentucky Derby attracts new gamblers to the internet to place their bets and this year should be no different.

If you’re a new horse bettor, there are some tips that the seasoned horse handicappers of the world would like to pass along. So you can bet on the 135th Kentucky Derby and more importantly make some money betting on the 135th Kentucky Derby. I’ve spent the last couple of weeks chatting with some of the best horse bettors I know and asked them to pass along some tips for making money betting on horses. Let’s have a look at them now.

It is not just the favorite

Making money betting on horses is not just about picking the winners; it is about picking the winners that will pay you more than the betting world expected.  The race favorite only wins about 33% of the time. You make your money by picking the horses not expected to win, to win. Don’t be afraid to pick a horse whose odds are in the middle of the pack. These horses are the ones that will bring you long-term profits. Read more

April 26, 2009 · Posted in Horse Racing