January 5th, 2010 by Ross Everett

The Kentucky Derby takes place every year on its traditional date of the first Saturday in May. This is a race that many people follow and try to handicap even if they’re not typically horse racing enthusiasts. Understanding race horses is hard work, and a discipline unto itself.

While understanding and predicting horse races is a very complex discipline, here are some basics that can help the amateur understand the Kentucky Derby. Back during the seventies, it was a race dominated by the favorite including three great Triple Crown winners–Secretariat, Seattle Slew and Affirmed–and a great horse that came close, Spectacular Bid. Since Spectacular Bid won the Derby in 1979, however, you can count the favorites who’ve won the race on one hand with fingers left over. If I was a serious horseplayer, I might not advise you to do this but since I’m just worried about predicting the outcome of this one race Im going to suggest that you forget about the favorite altogether. Not only will you not be flying in the face of recent history, but also it allows you to concentrate on the horses offering greater value.

In all fairness, it should be noted that the favorite has been a historically strong proposition. In the 135 Kentucky Derby races the post time favorite has placed in the money at a 69% clip over the history of the race. So why have the favorites been on such a money losing run in the past two decades? My personal theory is that it is a function of the growing hype surrounding the race”in other words, you get a lot of amateur horse racing fans that distort the notion of the favorite being the most likely to win the race. The most hyped horse becomes the favorite, but this is not always the best horse. In any case, though it could be argued that the anti-favorite bias could be due for a turnaround, for the purpose of understanding this particular race Im going to forget about the post time favorite.

Don’t forget to pay attention to the starting position of the horses, known as ‘post position’ in racing slang. The historical data suggests that a Derby winner is most likely to come from positions 1 through 5, while the outer positions (11 through 20) have produced relatively few winners. This is something of an over simplification, but for the purpose of understanding a single race it won’t hurt to just rule out all horses starting in a bad position.

Another factor worthy of consideration is the horses lineage and breeding. Start at the beginning”where the horse was born. Most, but not all, serious racehorses are born in Kentucky. If you see a horse in the race that wasnt, forget them. This is not any sort of home field advantage but a result of the concentration of the Thoroughbred horse industry in the state. Over 80% of Kentucky Derby winners have been born in Kentucky. Next, consider the horses gender, or more specifically dont consider any entry with a gender other than male. Only eleven horses other than intact males have ever won the race (eight geldings and three fillies). A gelding did win as recently as 2003, when Funny Cide took the roses but again for the newcomer this is an easy way to cut down the horses under consideration. This isnt a gender bias or anything, but for our purposes we can forget about non-male horses.

Also, take a look at dosage index numbers. For the novice, there’s no real reason to worry about what they mean or how they’re figured but the general rule of thumb is to look for a horse with a dosage index of 4.00 or less. Since 1984, over half of all Derby winners have fit this criteria.

For a more serious introduction to horse racing, check out the many books available on the subject at any large bookstore. For a casual fan who just follows the ‘big races’ these rules will help you get a decent grasp on the Kentucky Derby and understand who will win and why.

Ross Everett is a freelance sports writer and noted authority on World Cup betting. His writing has appeared on a variety of sports sites including sportsbooks and sportsbook directory sites. He lives in Southern Nevada with three Jack Russell Terriers and a kangaroo. He is currently working on an autobiography of former interior secretary James Watt.

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