1980sABCHorse RacingHorse Racing Triple CrownKentucky DerbyWide World of Sports

Horse Racing – 1987 – ABCs Al Michaels Covers The Odds + Post Positions For The Kentucky Derby


Betting on horse racing or horse betting commonly occurs at many horse races tracks….as gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks…..but where gambling is allowed….most tracks offer parimutuel betting where gamblers’ money is pooled and shared proportionally among the winners once a deduction has been made from the pool. Parimutuel betting also provides purse money to participants and a considerable amount of tax revenue, with over $100 billion being wagered annually in 53 countries.

In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 6 to 1 mean the first party….who is normally the bookmaker….stakes six times the amount staked by the second party.  In simplest terms, 6 to 1 odds means if you bet a dollar…the “1” in the expression…..and you win….you get paid six dollars….which is the “6” in the expression of 6 x 1…so, if you bet two dollars…. you would be paid twelve dollars, or 6 x 2….and so on.

So, this is what ABC’s Al Michaels is covering in the video seen herewith….where Demons Begone is the favorite at 5-2….so, you bet $5 to win $2.  Michaels also covers the post positions for the race;…..which are how the horses line up from the rail….which is the inward side of track….being the # 1 position….outward to the # 17 position in this 1987 Kentucky Derby…so, there are 17 starting gates for this race.

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