You're probably better off investing in the track as opposed to throwing your money away at the track. Shares of Churchill Downs CHDN have been a proven winner.

So it's going to need to come from the back of the pack -- unlike last year's Triple Crown winner and frequent front runner American Pharoah -- if it's going to top the market again.

But Wall Street is predicting strong earnings growth for this year and next. Despite that, the stock trades for only Much of the anticipated growth has little to do with what goes on at its famous racetrack in Louisville though.

Churchill Downs also owns several casinos and online gambling sites. Kentucky Derby by the numbers. The biggest moneymaker for Churchill Downs was Big Fish Games, a developer of PC and mobile games that it acquired in Churchill Downs also owns TwinSpires, an online betting site for horse racing enthusiasts.

The name is a reference to the iconic tower-like structures atop the grandstand at the track in Louisville. Vanguard and BlackRock are large holders of the stock. So are the funds run by legendary stock pickers George Soros kentucky derby stock market Mario Gabelli. PAR Capital, one of the activist hedge funds that helped lead to an overhaul at the board of United Airlines this year, is also a big investor.

That's a good sign. Just like professional handicappers scour through the bloodlines of horses to try and pick winners, investors should always look to see if a stocks and the stock market explained for young investors is being backed by investors with a proven track record of success.

So if you're kentucky derby stock market montreal stock exchange quotes sit back, enjoy a mint julep or two and sing along as the band plays My Old Kentucky Home at Churchill Downs on Saturday, just remember that Churchill Downs stock may be a better wager than any of the 20 horses racing for history.

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The best Kentucky Derby bet is - May. 6,

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