Context:

The Kentucky Derby, held on the first Saturday of May, is a highly anticipated event for gamblers, comparable in excitement to the Super Bowl. Horse racing enthusiasts and irregular bettors alike are eager to participate, often opting for bets like exactas, trifectas, and superfectas, which can yield high payouts. DraftKings is enticing new users with a chance to split a $1 million pot by betting on the Derby winner. The favorite horse for the race is Journalism, with odds of 3-1, followed by Sovereignty and Sandman. Betting strategies focus on finding value and attempting to achieve significant wins through creative betting options.

Dive Deeper:

• The Kentucky Derby is a major event for both avid horse players and casual gamblers, generating significant media attention and hype as 20 horses vie for the prestigious Triple Crown title.

• Bettors are drawn to the Derby due to the potential for high payouts through various betting options like exactas, trifectas, and superfectas, with some superfectas historically paying out in six figures.

• Unlike typical races where favorites attract the most money, bettors in the Derby often seek out horses with better value, trying to 'catch lightning in a bottle' for a big win.

• DraftKings offers a promotional opportunity for new users to place a $5 bet on the Derby winner, with the potential to split a $1 million pot if their chosen horse wins.

• The current favorite horse for the Kentucky Derby is Journalism, with 3-1 odds, followed by Sovereignty at 9-2 and Sandman at 5-1, as bettors weigh their options for potential winnings.

• Irregular bettors are encouraged to participate in the Derby due to its widespread appeal and the unique chance to win substantial amounts through strategic betting.

• Despite the excitement around the Derby, oddsmaker Johnny Avello cautions that getting rich from a Derby bet is unlikely unless hitting an unlikely superfecta, emphasizing the importance of finding value in betting choices.