You’d come away with $6 on a $2 bet. If Lucky Duck went off at 20-1 odds, you’d win $42 on a $2 wager: two times $20 plus your $2 bet. With odds that don’t end in one, divide the first number by the second number, then multiply the result by the amount of your bet. Here’s how the 2019 Kentucky Derby prize money breaks down:. $1.86 million for the Kentucky Derby winner. $600,000 for the Kentucky Derby runner-up. $300,000 for third place. $150,000 for fourth place. $90,000 for fifth place.

So you want to bet on the 2019 Kentucky Derby, but you’ve seen all these words like “exacta” and “trifecta” and you have no clue what those two terms mean.

It’s okay. You’ve come to the right place. We’re here to help. This is the guide to the casual bettor who wants some skin in the game but who doesn’t know a thing about the types of bets you can make on the “fastest two minutes in sports.”

With some of these, it’s as easy as picking one horse to win it all, but there are a bunch of other options. Here they are:

Win

This is the simplest of them all. You pick one horse, and if it wins, you get paid money against its odds.

Place

You’re betting on a horse to win or finish in second place. But it means the money you’d win will be lessened because you have more of a chance to win.

How Much Money Is Bet On Kentucky Derby Horse Racing

Show

A bet that one horse will finish in the top three, and like “place” above, your payout is even lower because you have a trio of chances to win.

Exacta

You have to pick two horses to finish first and second in the exact order. Hence the term “exacta.”

Quinella

This bet also requires you to pick two horses to finish 1-2, but you don’t need them to finish in that exact order.

Trifecta

Just like an Exacta, but with three horses in the exact order of finish.

Superfecta

This is picking FOUR horses in the exact order of finish. If it sounds impossible, it is, partially because of the money you can win if you’re right:

“Box” bets

Kentucky Derby Bets Odds

You can ask for your exacta, trifecta or superfecta bets to be “boxed” — that means if the two, three or horses you picked finish in the top-2, -3 or -4 in any order, you win. You just have to pay more up front because you have a better chance to win.

How Much Money Is Bet On Kentucky Derby

Good luck!