Pennsylvania Sportsbooks Set Odds for 2023 Kentucky Derby

The Kentucky Derby remains one of the world's most popular horse racing events, with millions of viewers and bettors every year.

If you're interested in placing a bet on the Kentucky Derby, it's essential to understand the basics of horse racing and how to place a bet. 

In this article, we'll guide you through the steps to bet on the Kentucky Derby at PA sports betting outlets, such as FanDuel.

Before you place a bet on the Kentucky Derby at a Pennsylvania online sportsbook, it's important to understand the basics of horse racing. Here are a few key terms to know: 

• Win: This is a bet on the horse you think will win the race.
• Place: This is a bet on the horse you think will finish in second place or better.
• Show: This is a bet on the horse you think will finish in third place or better.
• Exacta: This is a bet on the horses you think will win and place second, in the exact order.
• Trifecta: This is a bet on the horses you think will win, finish second, and come in third.
• Superfecta: This is a bet on the horses you think will finish first through fourth. 

Once you understand the basics of horse racing, it's time to choose a betting strategy. There are many strategies you can use, but here are a few popular ones:

• Bet on the favorite: This horse has the lowest odds of winning the race. While this strategy may seem like the safest bet, it's also the least profitable since the payout is low.
• Bet on a long shot: This horse has high odds of winning the race. While this strategy is riskier, it can also be more profitable since the payout is higher if the horse wins.
• Box your bets: This means you bet on several horses in the same race, either in an exacta, trifecta, or superfecta. This bet increases your chances of claiming a winning ticket, but it also increases the cost of your bet.

Once you've chosen your betting strategy, it's time to place your bet at FanDuel. The popular Pennsylvania sports betting outlet offers a $20 No Sweat Bet that provides a refund bonus if you lose your wager on Saturday's race. 

On FanDuel, Pennsylvania bettors can wager any of the above bets, including betting on the race winner or something more exotic like a Trifecta. 

After you've placed your bet, it's time to watch the race and see if your horse wins. If your horse wins, head back to the FanDuel app to collect your winnings.  

By understanding the basics of horse racing, choosing a betting strategy, and placing a responsible wager, you can enjoy the race and possibly even win some money.