The Kentucky Derby is unquestionably one of the most heavily bet horse races in the world each year it is run, which also makes it one of the most profitable races for off track betting facilities, tracks, and race books. Whether betting on horse racing or sports, some of the least profitable events for bettors are the ones that are heavily televised and draw a lot of interest from casual fans. So when a big race like the Kentucky Derby is run, plenty of people want in on the action and end up laying poor bets. Worse, casual analysts often generate bad information that skews how people wager. For professional handicappers, these moments can make it easier to win money by going against the public favorites. For casual bettors, it usually just means donating money to the tracks, race books, and off track betting locations.