Once upon a time in America’s history, horse racing was The sport to follow and many people were interested in the Vegas odds for the Triple Crown.
While that’s no longer the case, at least not year-round, it still does peak the public’s excitement during three pivotal races — the Kentucky Derby, Belmont Stakes, Preakness Stakes, effectively called The Triple Crown of Thoroughbred Racing.
The trio of races are the most prestigious in the sport. With each event having rich histories dating back to the 19th century, you can guess why.
Winning one leg of the Triple Crown is arduous enough, but all three?
It might be the toughest feat in all of sports. Don’t believe us? Get this, since 1875 — once all three races existed simultaneously — and up until 2019, only 13 horses have swept all three events in the same year.
That almost-impossible chase for history is why these three races cause such a stir annually with fans and bettors, alike. Heck, that buzz is why you’re here, right? To get in on the action? Well, you’ve come to the right place!
We’re about to give you the full lowdown on betting Triple Crown Vegas odds. By “Vegas odds” we’re referring to betting “lines” or “odds” which all allude to the same thing — the wagering probably that an event unfolds (e.g. this horse wins the race).
Las Vegas remains the gambling capital of the world and with that, set most of the betting odds found across the net, hence the common phrase of “Vegas odds.”
As always, Vegas betting is your go-to source for odds, betting, and best practices. Look, no one ever said sports betting was easy, but we try to make it easy as possible. Be sure to take advantage of our free reviews of many online sportsbooks to help you get started right away!
What Are The Races in Triple Crown
Annually, the first Saturday of May is reserved for the Kentucky Derby, leg one of the Triple Crown.
The race takes place in the famed Churchill Downs racecourse down in Louisville. Spectators flock to the event in droves, not only to witness first-hand “the most exciting two minutes in sports” as the event has come to be known, but to also make a fashion statement with one over-the-top outfit after another.
The Derby is one and one-fourth miles long, or 10 furlongs, making it the second-longest of the three legs. The event is also nicknamed “The Run For Roses” — a nod to the garland of roses awarded to the winner (on top of millions in prize money).
This historic event has been held each year since 1875, hence the unforgettable reputation it’s forged.
On to leg two, the Preakness Stakes.
It takes place exactly two weeks following the Kentucky Derby, or the third Saturday of May.
The Pimlico racecourse in Baltimore, Maryland play hosts to the event, which has origins all the way back to 1873.
The Preakness is the shortest race of the Triple Crown at just 1 and three-sixteenth miles long, or 9.5 furlongs. The winner receives the Woodlawn Vase trophy, which valued at over $4 million, could be the most expensive piece of hardware in all of American sports.
For those that believe in “saving the best for last”, the Belmont Stakes certainly lives up to that billing and more.
The final leg of the Triple Crown is also the longest at one and a half miles long, or 12 furlongs. It’s no wonder why the New York-held race has earned the unique distinction of “test of the champion” for the three-year old colts running in it.
Getting The Best Triple Crown Vegas Odds
Word of caution: race odds fluctuate a lot in the lead-up to a race. When we say a lot, we really mean it. At least more that’s common in other American sports like football and basketball.
Why is that? For one, it’s not uncommon for horses to pull out days, heck even hours, before a Triple Crown race.
Many times it’s because of an illness, say a bad cough.
Other times it’s because they’re sore and a trainer would rather save their energy for another race when at 100-percent capacity. Rare times, it’s because a horse fails a drug test.
Reason number two, though, is because of the massive amount of bets taken.
Bettors have the ability to sway odds if one horse is getting an overwhelming amount of money thrown their way. This is most noticeable just moments before post time when the “smart money” comes in.
This can make betting a crapshoot. But above all, worry about falling in love with the winning chance of one or two horses. Then just watch the odds ebb and flow in the days leading up to the event.
Once you see the “value” (subjective based on the bettor), jump on it. If the odds drop more, lay another bet. If they shoot sky high, you just got bang for your buck!
Betting On The Triple Crown
Wagering on all three Triple Crown events is offered at racetracks across the United States and online sites such as Bovada, TopBet and Betonline. Every seat in Las Vegas sports books — especially huge venues like Westgate and Mandalay Bay — will be packed if the Triple Crown is on the line.
Along with the Breeders’ Cup, Triple Crown races draw the most attention from the betting public. Hundreds of millions of dollars are bet on these events every year.
While futures wagering is not offered on a particular horse to win the Triple Crown, bettors line up to wager on these history-makers. You can still buy a winning ticket on Ebay from Secretariat’s breathtaking victory in the 1973 Belmont Stakes.
Whether you are at a racetrack, Las Vegas sports book or online with Bovada, the wagering options remain the same. Check out our Bovada Review Las Vegas for details on how to get started online!
Win, Place or Show
These are common bets to place on any horse race throughout the year.
A win bet is exactly that — pick the winner of the race. To cash a place ticket, your horse must finish first or second. To cash a show ticket, your horse must finish first, second or third. The payoffs on winning tickets are based on a $2 bet.
In 2015, American Pharoah won the Preakness on his way to capturing the Triple Crown. His odds that day were 4-5, meaning a bettor made a $4 profit for every $5 bet. For a $100 wager to win on American Pharoah, the return was $180 ($100 bet plus $80 profit).
Exacta, Trifecta and Superfecta
These betting options are called “exotics.” A bettor is attempting to pick the exact order of finish of multiple horses. In an exacta, you must pick the exact order of finish of the first two horses. In a trifecta, it’s the exact order of finish of the first three horses.
With a superfecta, it’s the exact order of finish of the first four horses. The payoffs with these bets will often reach the thousands of dollars.
Daily Double and Pick 3
A daily double is a bet where you have to pick the winner of two separate races, which will include the Triple Crown race. A Pick 3 is a bet where you have the pick the winner of three consecutive races.