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The Kentucky Derby at Churchill Downs is just a giant, almost out-of-control party that happens to have horses at it. I've been to the event twice, and both times there were multiple people around who didn't even make it to the race - or didn't remember it if they did. It's all about the party, and it is so much fun. Even if you can't make the trip to Churchill Downs, though, you can have your own party at home. And with a few good Kentucky Derby betting party ideas and tips your party will be one that people won't soon forget:

It's all about the hats: You hear about how every woman at the Derby wears fancy hats. Until you go, though, you don't realize how insanely competitive people are about having great hats. It's incredible. Invite your guests to wear the best hat - or the ugliest, or the most creative. Have a simple prize to fuel the competitive factor.

Mint juleps. Must have mint juleps: It is stunning how many mint juleps get consumed at the Derby. And these aren't weak little drinks, either - they knock your socks off. They are very easy to make at home, and as the official drink of the Derby they bring authenticity to your event. A good mint julep isn't fancy. Some fresh mint. Some simple syrup. Some ice. And a lot of bourbon. But it has to be real Kentucky bourbon. And it needs to be stiff. Some people might struggle with the first one. But by the third one they will go down very easy. Too easy.

How to make a betting pool for the Kentucky Derby

How Much Money Was Bet On The Kentucky Derby 2019

It's not a horse race if you aren't betting on it. There are, fortunately, lots of easy ways to offer fun and fair betting at home. You don't even need a math degree to pull these off.

Run your own mutuels: Thanks to the miracles of computers and the Internet, there are all sorts of good ways to offer mutuel betting at home. If you have your own betting account at an online sportsbook or an online racebook, you can place people's bets out of your account and collect their cash or get an online transfer. If you don't want to get that complicated, you can easily run your own pool. It's actually pretty easy. Let's say that you are taking win bets, and that people can bet in multiples of one dollar. And let's say that $100 in total is bet on all the horses in the race. The horse that wins has 10 $1 bets on it. The people who made those bets get their bets back. That leaves $90 in the pool. Dividing the $90 by the 10 correct ticket means that each ticket holder makes a $9 profit. You can set this up easily in a spreadsheet, or there are apps available that will help you do it. The fun really happens if a horse wins that no one has bet on. You could refund the money, but that's boring. It's more interesting if you donate it to charity, or if you have another contest of some sort to decide who gets the cash.

Auction action: If you don't want to deal with running your own mutuel betting an easier, and often more fun, way to do it is through an auction. You can offer each horse up for sale and throw all the money into a pot. The person who owns the winning horse gets all the money. The fun of this approach is that the favorites usually go for big money - Justify would have drawn some insane money last year - but you can pick up the last few horses in a few for very little money. So, in a year like 2009 when Mine That Bird shocked the world, chances are very good that whoever bought him in auctions would have paid almost nothing for him, and they would have been in for a sweet payday. If you want to get a little creative and have more fun, you can split up the field in ways other than just horse by horse. You can auction horses off by trainer - with three of the favorites in the field this year, Bob Baffert will go for a massive price. You can have a lot of fun going by the colors of the horses as listed in the program or splitting the field up by the state they ran their last race in. There is really no limit to the ways you can set up your action.

Kentucky Derby betting games ideas

If you don't feel like messing around with the options above, there are other simpler ways to allow people to have a rooting interest in the race. The advantage of these approaches is that there is no skill involved, so if your guests don't have a lot of handicapping skill this could be the way to go.

Sell envelopes: Put the name of each horse inside an envelope and seal it up. Make sure that you can't see the name through the envelope. Set a price for each envelope that works for your crowd - it's could be $5 an envelope or $100 depending on what kind of crowd you roll with. People get to pick an envelope when they pay for it, but they don't open it. After the race has been run, people take turns opening their envelope to see who has the winner's name inside. That person gets the whole pool and bragging rights for the year. People are of course free to trade, sell or barter their envelopes any time before they are opened, too.

Kentucky Derby betting square: A betting square is a fixture at any Super Bowl party. You can easily adapt it to work for the Derby. The easiest way to do it is by betting the exacta. There are 20 horses in the field. On one side of the square you list each of those numbers. That's the win side. On the opposite side you again list all those numbers, and that is the horse that finishes second. You have to cross out the squares where the same numbers meet - a horse can't finish both first and second in the race. But that leaves 380 possible squares, and only one will be correct. You can set a price that is reasonable for each square - low enough that people can afford to buy several, but high enough that the pot gets up to a good size. Whoever buys the winning square gets the pot.

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This is shaping up to be a good Kentucky Derby for bettors. It's going to be tough to figure out, but those who do will be rewarded by strong prices. There is no obvious superstar like Justify last year, but the field runs deep, and it feels like you can make a case for a lot of horses to be a part of things. Races like this are what makes betting on horse races so fun. Assuming you want to bet on the race - and who wouldn't? - the next challenge is to figure out where to bet on the Kentucky Derby. Luckily, you have several options:

Online sportsbooks: All of our preferred sportbooks that you know and love for betting on sports can also help you out if you want to bet on the Derby - or most other races, for that matter. There are two different ways you can bet on the races at these books. The first is that most of the books have racebooks as well, and there you can bet on the races on race day in ways we are used to. The other approach for big races is by using the futures listed in sports books. That won't help you if you like to bet exotics, but if you are a win bettor, they are often a great way to go. You can lock in a price that is often better than track morning lines - books are slow to adjust these lines, so they don't always reflect the current market. And once you make a bet you have locked in a potential return, so you don't have to worry about a horse getting bet down close to post time. Plus, sportsbooks may offer bonuses and incentives that will make it even more attractive to bet here compared to somewhere else.

Bet On Kentucky Derby 2019 Online

Closer to the race, sportsbooks will often do Kentucky Derby prop bets as well, which is another creative way to leverage your opinion. If you pay attention and get to these numbers early, you can often find ones that are particularly attractive. As always, make sure that you are shopping around for the best price when you are making any futures bets with the books, because the potential returns can vary widely.

Racebooks: Beyond the racebooks that some online sportsbooks offer, there are several services out there that allow you to bet right into the mutuel pools at race tracks. This can be attractive for bettors at home - especially if you like betting exotics and want a shot at the full range of betting possibilities for the race. You don't need to worry about shopping around for price if the service bets into the mutuel pool, but you will want to make sure that you are grabbing the best bonuses and incentives for the type of betting you do.

OTBs: OTB just means off-track betting. These are places you can make bets that are like being on the track, except there is no track. In some jurisdictions, these are stand-alone shops. In other places they are in casinos or at tracks that aren't currently open for racing. Chances are good that there is one near you somewhere. They are a good place to go if you want to bet exotics. They also typically have televisions tuned to races around the country, so you can bet on a wide range of races. OTBs are also a truly fascinating experience for people watching - the type of people who become regulars at places like this are unlike those anywhere else.

The Kentucky Derby Horses

Local track: If your local track is currently racing, then this would always be the top choice for me. You can bet on the Derby, and it will be televised for you to watch. You can bet on the good stakes races offered at other tracks on the day, too. And you can watch the live races and get some action on them as well. Plus, it is a scientific fact that beer never tastes better than it does on a sunny day at the track. Most tracks offer promotions to draw crowds on big race days, and they often have strong race cards of their own on the day as well.

The Kentucky Derby Wiki

Churchill Downs: I have been to sporting events of all kinds. Regular season. Playoffs. In North America and beyond. And none have been more fun than the two times I have been at the Derby. It is a drunken, crazy, messy, lovely spectacle. You make friends in a hurry, and you get to see amazing horse flesh amid world-class people watching. When I took my wife in 2009, a guy we were sitting beside hit a superfecta for a huge score on the first race of the day and proceeded to buy us mint juleps all day long. My wife still can't consume mint without gagging. And the insane excitement when the horses come down the stretch is something you just have to experience. It should be on your bucket list.

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Bet On The Kentucky Derby 2019 Results

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