But after that, it can get a little trickier.Bets can be made on a horse to win, place (finish first or second) or show (finish first, second or third) – or all three with an across-the-board wager. Minimum bets vary from state to state, but here are some things to consider when placing a wager:THE BASICSThe obvious wag er is betting on a horse to win. Of course, there’s always the actual experience of walking up to the betting window at the track.That’s a good option if you can’t get to Churchill Downs, where 150,000 spectators are expected for Saturday’s 145th Derby and hoping to get some action on 4-1 favorite Omaha Beach. But for the novice or inexperienced bettor, making a wager that pays off with a profit can be a challenge: Beginners need to know how to place a bet, who to bet on and where to place the bet.Off-track simulcasting in more than two dozen states offers a convenient alternative to going to the track.
(AP) – Picking a horse to win the Kentucky Derby is easy.Placing a bet is as close as a cellphone, tablet, computer or even a smart TV with internet access.