The Kentucky Derby will be held on May 7th this year, and although it seems light years away, now is the time when you should start formulating your wagers. The time to find the best odds on a horse that you are interested in is long before the field is announced. Take, for example, the most popular horse that will be eligible to run in this year’s Triple Crown: Uncle Mo. According to one racebook, Uncle Mo opened the pre-Derby futures betting at 20-1 odds. If he stays the favorite, you can be entirely sure of the fact that by the time the race begins, he will be bet down to at least 4-1. Simply by betting a few months early you can make five times as much of a profit.
As you can see, for the handicapper who likes to think ahead and do their homework early, now is the time to bet your favorites. This is also a time to start thinking about placing small bets on long shots. You can find many good 200-1 horses out there now. Even a moderate favorite like JP’s Gusto is currently at 100-1. A small $5 bet on a horse like this can make you a lot of cash should they win the race.
Don’t get me wrong, betting futures is a very difficult task. There are so many good three year olds this year, it is impossible to know what is going to happen between now and the final seconds of the Kentucky Derby. But if you want to secure a good price on a good horse, don’t hesitate to bet early.