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Originally Posted by Cardus
There is no way to quantify this, but my impression is that novice bettors' money comprises a small percentage of the Kentucky Derby mutuel wagers. The whales in the game use these sheets and figures.
The novice bettors -- people who wager only a few times each year, or only on each Triple Crown race -- wager $10 or $20 on their selections, while the whales are putting up thousands of dollars on the race.
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I don't know. There are a lot of "big shots" who come out on Derby day and bet hundreds of dollars at a time without more than a passing knowledge of racing.