Sportsbook exec discusses Kentucky Derby’s popularity, rise of horse betting: ‘This is the Super Bowl’

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As sports activities playing continues to develop exponentially, so has betting on the ponies.

No horse race on the calendar will likely be wager on greater than Saturday’s Kentucky Derby. As Caesar’s Vice President of Trading Craig Mucklow says, “This is the Super Bowl of horse racing.”

Just earlier than 7 p.m. ET, viewers round the nation will watch the 20 horses head towards the beginning gate at Churchill Downs, and nearly each single one of them may have some type of wager on it.

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A basic view of Churchill Downs forward of the 149th operating of the Kentucky Derby on May 6, 2023, in Louisville, Kentucky.  (Michael Reaves/Getty Images)

It would possibly simply be the solely horse race a good portion of individuals watch in the whole 12 months, however in recent times, there was a way of needing to be concerned.

“It used to be an all men’s game. Now, as sports gambling has become more involved . . . the younger generation is getting more involved, it’s become more of a society thing as well,” Mucklow mentioned in a latest interview to Fox News Digital, noting that Tom Brady and different celebrities usually present up of their pastel-colored fits and hats. “The Interest has increased.”

Mucklow admits that horse racing bets solely rise “around the marquee meetings,” with Saturday’s Run of the Roses main the means “by a mile.” Believe it or not, the Preakness and Belmont really path the Breeder’s Cup races in phrases of deal with, however nothing tops the race in Louisville.

View of Churchill Downs

A basic view of roses in the winner’s circle with the Twin Spires in the background earlier than the148th operating of the Kentucky Derby on May seventh, 2022, at Churchill Downs in Louisville, Kentucky.  (Brian Spurlock/Icon Sportswire through Getty Images)

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“It’s wealthy in historical past, the Kentucky Derby. Since I’ve moved right here [from England), all the Americans are like, ‘It’s Derby Day.’ Everyone gets excited for it. It’s like a national holiday.”

Mucklow even joked, though, that because everyone wants to bet at the same time (normally, in the final hours, or even minutes, leading up to the race), they may be stuck in queues waiting to place bets (keep in mind, Caesars, FanDuel, DraftKings and others don’t take typical racing bets. Those still need to be made through separate horse-betting sites like TVG).

“Every Tom, Dick, and Harry says, ‘I’m going to bet on the Derby,’ because it’s the Derby. Everyone waits until the last minute, and then you’re struck in queues on the mobile app,” says an insightful Mucklow. “My advice is, check the weather first, because that can affect your horse; and also, place your bets earlier. You don’t want to be disappointed, especially if you pick the horse, you put the pen to paper, and then you don’t want to see that ticket you haven’t gotten wind up winning.”

A general view before the 2023 Kentucky Derby

General view prior to the 149th running of the Kentucky Derby at Churchill Downs on May 6, 2023, in Louisville, Kentucky.  (Joe Robbins/Icon Sportswire via Getty Images)

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Mucklow says the 4-1 favorite in Sierra Leone has had the most money and people bet on it to win.

Post time is 6:57 p.m. ET.

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