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Placing Bets on California Chrome? Read This First

Kentucky Derby and Preakness winner California Chrome, with exercise rider Willie Delgado up, trains on the main track at Belmont Park on June 4
Kentucky Derby and Preakness winner California Chrome, with exercise rider Willie Delgado up, trains on the main track at Belmont Park on June 4Photograph by Al Bello/Getty Images

The Belmont Stakes will give California Chrome the opportunity to pull off the vaunted Triple Crown. If so, he would be the first horse to do it since 1978, after 11 subsequent horses won the first two races and failed in the third. If you plan on betting, the data pros suggest taking advantage of casual horse racing fans—who often make irrational wagers—to get an edge on the competition and maybe even win some money.

For advice on making the smartest bets, I reached out again to DerbyJackpot.com, the site that helped me analyze the Preakness. Derby Jackpot is an online horse racing platform that has compiled data on thousands of historical bets. The founders Bill, Walter, and Tom Hessert have shared some of their insights into where the smart (and dumb) money goes on Triple Crown race days.