If you love the sport of horse racing, then chances are you watch the Kentucky Derby each year. If you are unable to attend and bet on the event live, this guide will direct you on how to bet on the Kentucky Derby online.

• Do the sound of hooves cause your heart to race? Is one of your favorite pastimes going to the track to watch horse racing? When the month of May arrives, do you automatically think of the Kentucky Derby? If so, you may be interested in betting on the Kentucky Derby online. This guide will help point you in the right direction.

Betting online (Creative Commons photo by [1])

• For those unable to go to the race track, there are many options for betting the Kentucky Derby Online. You may:

1. Bet via sites that cater specifically to horse racing
2. Bet via sites that offer betting for a variety of sports

• When choosing which site to use, you will want to make sure it is a secure betting site and that it fits your needs. Some sites will allow you to make bets via Paypal or your banking account, while others will let you use money transfers. Some sites will also offer incentives, especially for first time users. As you explore your options here are some reputable sites to consider:

1. Kentucky Derby's official wagering site - this site also offers handicapping tips and first time incentives
2. RaceBook.com - this site also offers incentives for first time users

• Before placing your Kentucky Derby bets, it is a good idea to:

1. Learn about the horses that are racing. You can purchase the actual racing form from some of the sites you use for placing bets, or you may simply prefer to read about the horses on the Kentucky Derby's official site.
2. Find out the odds
3. Try and choose horses that have at least 5-1 odds
4. Avoid exotic bets if possible. Straight bets are recommended.

• Once you have learned about the horses and chosen the bets you want to place, go to your preferred betting site and place your bet. Make sure you give yourself enough time prior to to Derby day on May 2, 2009, and don't forget to enjoy playing the ponies!

• If you are unable to attend Churchill Downs or another race track to bet on the Kentucky Derby, then you have the option of betting online. As long as you choose a reputable site, you can watch and bet the Kentucky Derby without ever having to leave home!

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• Introduction
• Step 1: Choose a Betting Site
• Step 2: Betting Tips
• Step 3: Place Your Bets
• Conclusion