Kentucky Derby

Interesting article on Kentucky Derby betting:

As gambling propositions go, horseracing has never been a winner. At the Derby's venue, Churchill Downs, 16% to 17% of all the money wagered goes to the house, the winning owners and tax collectors -- versus 5% at a typical casino roulette table.

The above is a bit misleading because in roulette you have basically the 50/50 propositions like red/black or even/odd plus you in roulette one number doesn't have performance edges over another depending on table conditions.

Derby day betting is perhaps the best day of betting of the whole year.