The Kentucky Derby takes place every year on the first Saturday in May, and its a race that many horse racing novices like to follow. Along with the Breeders' Cup and the other 'Triple Crown' races, the Derby attracts the most mainstream attention. Understanding the intricacies of horse racing is a very involved study.
Despite the complexity of understanding horse racing, there are a few basic rules that can help the novice watch the Kentucky Derby with a greater degree of enjoyment. Until recently, the Derby was a race dominated by the favorite. In the 1970's great horses like Secretariat and Seattle Slew blew away the field but since Spectacular Bid's winning run in 1979 there have been only a couple of favorites to win the big race. While a serious horse player might not want to categorically dismiss the popular favorite, for the horse racing novice this is a helpful way to narrow down the field.
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.
Post position is also something that the horse racing neophyte should pay attention to. Obviously post position number 1 is an advantage relative to the outer ones, but it hasnt been a strong edge over the other inside positions. Twelve Derby winners have had the #1 position going into the race (the most of any position) but positions #4 and #5 have had ten winners each. In terms of percentages, positions #1 through #5 have yielded 49 winners (or just under 40%). On the other hand, the outermost positions (#11 through #20) have had just 16 winners (or just under 13%). It is important to note that theres not always that many horses in the race, which would obviously result in few higher posts winning. Still, concentrating on horses with favorable post positions is another way to pare down a field that you know little about.
A couple more factors to consider are the horse's gender and breeding lineage. A couple of simple rules can be applied here--first of all, forget all horses that aren't intact males (geldings and fillies). Over 90% of all Derby winners have been intact males. Then, eliminate any horse that wasn't born in the state of Kentucky. This stipulation is starting to change, but for the time being is a good rule to apply for the novice. Over 80% of all Derby winners have been born in Kentucky.
Dosage index numbers have also taken on a great deal of significance in recent years. What are dosage numbers you ask? I have no clue, beyond the fact that theyre a complex mathematical measurement that reflects the quality of the horses family tree, as well as his performance as a two-year-old. The conventional wisdom is that horses with a dosage index over 4.00 are not supposed to be competitive at the long 1 mile distance. This isnt always the case, of course, but for the dilettante its a good factor to consider. Since 1984 (when dosage systems first came into vogue), the winners of nine Derby races were dosage system selections.
These are just a few steps that will serve you well if you dont know much about horses. Again, if you want to take a more serious approach to understanding horse racing you should look into the many books dedicated to the subject. For a recreational horse race enthusiast, however, these basic rules are helpful in trying to predict the Derby winner.
Despite the complexity of understanding horse racing, there are a few basic rules that can help the novice watch the Kentucky Derby with a greater degree of enjoyment. Until recently, the Derby was a race dominated by the favorite. In the 1970's great horses like Secretariat and Seattle Slew blew away the field but since Spectacular Bid's winning run in 1979 there have been only a couple of favorites to win the big race. While a serious horse player might not want to categorically dismiss the popular favorite, for the horse racing novice this is a helpful way to narrow down the field.
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.
Post position is also something that the horse racing neophyte should pay attention to. Obviously post position number 1 is an advantage relative to the outer ones, but it hasnt been a strong edge over the other inside positions. Twelve Derby winners have had the #1 position going into the race (the most of any position) but positions #4 and #5 have had ten winners each. In terms of percentages, positions #1 through #5 have yielded 49 winners (or just under 40%). On the other hand, the outermost positions (#11 through #20) have had just 16 winners (or just under 13%). It is important to note that theres not always that many horses in the race, which would obviously result in few higher posts winning. Still, concentrating on horses with favorable post positions is another way to pare down a field that you know little about.
A couple more factors to consider are the horse's gender and breeding lineage. A couple of simple rules can be applied here--first of all, forget all horses that aren't intact males (geldings and fillies). Over 90% of all Derby winners have been intact males. Then, eliminate any horse that wasn't born in the state of Kentucky. This stipulation is starting to change, but for the time being is a good rule to apply for the novice. Over 80% of all Derby winners have been born in Kentucky.
Dosage index numbers have also taken on a great deal of significance in recent years. What are dosage numbers you ask? I have no clue, beyond the fact that theyre a complex mathematical measurement that reflects the quality of the horses family tree, as well as his performance as a two-year-old. The conventional wisdom is that horses with a dosage index over 4.00 are not supposed to be competitive at the long 1 mile distance. This isnt always the case, of course, but for the dilettante its a good factor to consider. Since 1984 (when dosage systems first came into vogue), the winners of nine Derby races were dosage system selections.
These are just a few steps that will serve you well if you dont know much about horses. Again, if you want to take a more serious approach to understanding horse racing you should look into the many books dedicated to the subject. For a recreational horse race enthusiast, however, these basic rules are helpful in trying to predict the Derby winner.
About the Author:
Ross Everett is a consulting handicapper for Sports-1 and an authority on horse race and NFL football betting . He's a well known and widely published expert on sports handicapping theory, as well as financial investment strategy. He contributes to a number of online media outlets providing insight on how to bet on NFL football, MMA and boxing.
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