Kentucky Derby 2023: One exotic betting strategy that could pay off big

If you watched 80-1 shot Rich Strike cross the finish line first in last year’s Kentucky Derby, you might think your best bet is to take a flyer on a longshot horse whose name you like. But here’s a more attractive betting option for this year’s race.

The Kentucky Derby is the toughest challenge horse-racing handicappers face. It involves picking among 20 3-year-old horses running 1 ¼ miles for the first time in their lives – the equivalent of choosing winners at an invitational track meet for teenagers.

This year’s renewal of the Run for the Roses at Churchill Downs in Louisville, Ky., on Saturday is no exception. While 2-year-old champion Forte is likely to go off the favorite in the race, his most recent performances have not impressed handicappers who look to speed...

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