Using Bitcoin To Bet On The 2019 Kentucky Derby
Got your coins ready for the much-awaited Run for the Roses? Start off on the right foot with this Kentucky Derby bitcoin betting guide by Nitrogen Sports Blog.
It’s that time of the year again for what everyone calls “America’s Greatest Race,” which is certainly the most prestigious horse racing event in the world.
The Kentucky Derby is a mere two-minute run, but this race has been around since 1875, and its following just keeps getting bigger each year.
With its popularity and prize at stake, Kentucky Derby betting has become a major activity for veteran and casual sports bettors alike, bitcoin bettors included.
And if you’re part of the bunch, here are all the things you need to know before laying money on the Kentucky Derby.
Kentucky Derby 2019 details
This year marks the 145th edition of the whopping $3 Million horse race, set to take place on the first Saturday, May 4, 2019 at the famous Churchill Downs in Kentucky, where it’s been held annually since the first run in 1875.
The race features 20 of the best thoroughbreds from all over the world that earned their spots in the starting gate by taking and emerging victorious in the Road to the Kentucky Derby 2019, which is a series of 35 designated races in America and across the globe that serves as the qualifying round for the final race.
The 2019 race will have the biggest purse so far in history, making Kentucky Derby bitcoin betting definitely more exciting and rewarding than ever.
Contenders are also making a buzz with the rise of early favorites in the competition that are expected to take the most wagering action.
The list includes Omaha Beach that won first place Arkansas Derby along with Roadster that got first place in Santa Anita Derby and Game Winner that came in second while also bearing the two-time Breeder’s Cup Juvenile title.
Omaha Beach, however, has shockingly taken his name off the list of entries after getting diagnosed with a respiratory issue. This development has opened the door for Improbable to become the current favorite to win the first leg of the 2019 Triple Crown.
How to bet on the 2019 Kentucky Derby
This major racing event is a great opportunity for betting, considering its wide reach and massive following.
There are countless sportsbooks available for casting bets on the Run for the Roses, Nitrogen Sports included, and there is definitely a good variety of betting options and odds to consider.
If you’re planning to bet bitcoin on Kentucky Derby 2019, here are five common and easy ways to bet on the event if you like to keep your bets simple.
- Win – In this type of bet, you are simply to choose which among the runners will be the outright winner or the first to finish the race. This suits Kentucky Derby bitcoin betting beginners, as it’s a very straightforward type of bet.
- Place – All the bettors in this type of bet needs is for their pick to finish inside the top three of a race. It’s worth noting that a third-place finish will only award bettors with a win if there are at least eight horses in the field.
- Quinella – In this bet, you will be asked to choose which two runners will finish the race first and second in any order for you to win the bet.
- Exacta – This bet comes in different formats – straight, standout, box or roving banker, but as a general rule you’ll only have to select the two runners that will likely finish the race first or second. It’s the same as Quinella, but the order must be exact.
- Trifecta – Considered standout, box or roving banker format as well. Here you’ll have to predict the runners which will finish first, second and third in the race.
FAQs on Kentucky Derby bitcoin betting
Can I bet bitcoin on the Kentucky Derby?
Yes, various crypto-based sportsbooks have lines for Kentucky Derby betting which carters to those who wish to use bitcoin for the event. You get as much betting options as those in regular sportsbooks, probably even more because of how big the niche of bitcoin betting has gotten.
Is it safe to use bitcoin on horse racing betting?
Anonymous betting is something that sets bitcoin apart from the traditional forms of betting, but aside from the benefit of discretion, it also ensures safety and security of bettors from malicious online activity like identity theft, fraud, or robbery. Kentucky Derby bitcoin betting follows the same professional betting standard that regular online betting employs. You just have to find a sportsbook that’s credible enough and has a good reputation.
Where can I use bitcoin to bet on the Kentucky Derby?
Nitrogen Sports offers various betting lines, contests and odds available for bitcoin bettors who want to start drafting their picks as early as now. Betting bitcoin isn’t too hard on the wallet either, as the sportsbook has maintained a low minimum deposit for bitcoin bettors interested in the 2019 Kentucky Derby.
Read our bitcoin guide and learn about bitcoin to make the most of the cryptocurrency in betting.
Quick Tips Before Betting
Choosing to bet bitcoin on Kentucky Derby is a great route to take, however, it can be hard to meet good fortune if you lack idea on the fundamentals of how to bet on sports.
But don’t worry, you only need to remember three things: study the odds, look for a good sportsbook, and set a budget.
For the past six years, the favorites in this race have lived up to the expectation of bettors but the chalks can’t always win it, right? It’s still a good practice to consider betting on sleepers and taking small punt bets on long shots, at least for the added thrill.
Make sure to cast your bets in a safe and trusted sportsbook which offers the best odds so you can maximize your bets while also rooting for your top picks.
And most importantly, if you’re maintaining a bankroll, stick to a fixed budget before you bet so you won’t have to worry about emptying your account. You definitely would like to have some bitcoins left after the Kentucky Derby.
After all, there are two legs left in the Triple Crown after the Kentucky Derby in the Preakness Stakes and the Belmont Stakes.