The Kentucky Derby is the first leg of the US Triple Crown of Horse Racing, held annually at Churchill Downs in Louisville, Kentucky on the first Saturday in May. Around $130 million is gambled annually in the United States on the Kentucky Derby odds, and over $200 million is wagered throughout the Kentucky Derby Festival.
Prior to the legalization of sports betting, over $100 million was wagered annually on the Kentucky Derby, making it by far the most popular horse racing event in the United States. Now that online sports betting is gaining popularity across the country, it’s safe to expect that Kentucky Derby wagering will continue to increase, since the leading horse racing betting sites offer odds on the event.
Gambling on the Kentucky Derby
It is simple to wager on the Kentucky Derby. Around $130 million is gambled annually in the United States on the Kentucky Derby odds, and over $200 million is wagered throughout the Kentucky Derby Festival. In addition to the conventional “win,” “place,” and “show” wagers, there are other popular Kentucky Derby betting options:
Exacta – Choose the first and second finishers in any race in the exact order.
Trifecta – Correctly predicted the order of the first three finishers.
Superfecta – Choosing the top four finishers in the correct order.
Quinella – This wager boxes an Exacta, meaning you win as long as both of your selections finish in the top two positions, regardless of their finishing order. Moreover, you can box a Trifecta and Superfecta.
Due to the popularity of the Race for the Roses, you may wager on the Kentucky Derby at the racetrack and online, including on betting sites outside the United States. Many online horse racing bookmakers provide Kentucky Derby betting markets.
Kentucky Derby Future Wager Betting
The Kentucky Derby Future Wager enables bettors to wager in advance on the future Derby horse they believe will qualify for the event and win the Kentucky Derby. Future Wager wagers often offer greater payouts than wagers put on the same horse on the day of the race, as they are placed before the horse’s participation in the event is confirmed.
How the Kentucky Derby Became a Tradition Future Wager Works
This is the Kentucky Derby Future Wager is a pool wager with the potential for high returns for small bets. Each year, more than $1.5 million in Future Wager wagers are handled by several pools. In 2003, a record $188 was paid out for a minimum $2 wager on Derby winner Funny Cide in the first pool; he returned $27.60 on race day. Here’s how Future Wager operates:
The Kentucky Derby Future Wager allows wagers on 24 possible Derby contenders; 23 of these horses are named, while the last choice is a wager on “all others.”
There are four Future Wager pools that open at different times in the lead-up to the Kentucky Derby, and depending on what has transpired after the prior pool closed, each one may feature different named horses and Kentucky Derby betting odds.
Future Wager pools require a $2 minimum wager to back a hypothetical Derby horse, and only win and exacta wagers are permitted.
There are also additional Future Wager pools on the sire of the Kentucky Derby and the winner of the Kentucky Oaks.
Futures wagers on the Kentucky Derby are accessible on North American betting companies such as TwinSpires in the United States. Online betting providers outside of the United States offer ante post wagering on the Kentucky Derby odds, which allows you to place a win or each-way wager before the final field is announced. This betting market functions similarly to Future Wager pools, except the rewards are smaller and the betting odds are often greater value than on race day.
Best Kentucky Derby Wagering Advice
The Kentucky Derby is a uniquely prestigious race in that the results are not typically biased and upsets are rare. The ideal betting strategy for the Kentucky Derby is to identify the greatest horse in the race and combine them with others in one of the exotic wagers outlined above. These betting advice can assist:
The draw – Post positions for the Kentucky Derby indicate that places 5 and 10 had the highest victory rates, at 11%. Nonetheless, there is little bias, and delays 1-4 may be the only negatives. Recent performance has been exceptional for a significant number of individuals.
Favorites – Since 1908, 35 percent of Kentucky Derby favorites have won. From 1980 to 1999, they did not win a single rematch, but since then, they have won the majority of rematches. It pays to follow favored accounts.
Four active jockeys have won the Kentucky Derby three times: Gary Stevens (March 22), Kent Desormeaux (March 21), Calvin Borel (March 12), and Victor Espinoza (March 19).
Bob Baffert is the active trainer with the most Kentucky Derby winners, having saddled five.
Internationals – The dirt track surface at Churchill Downs is not used in Europe and is rarely seen in Australia and Japan. Because horses in the United States are bred differently to perform well on dirt, no horse trained outside the United States has ever won the Kentucky Derby.
Foreign competitors in the Kentucky Derby are new. The expansion of the Road to the Kentucky Derby series to include events in Europe and Japan has increased the likelihood that a horse not trained in the United States may eventually win the Kentucky Derby.
The Sport’s Most Exciting Two Minutes
The Kentucky Derby is the first leg of the American Triple Crown of Thoroughbred Racing, held annually at Churchill Downs in Louisville, Kentucky on the first Saturday in May.
It is the premier Grade 1 race for three-year-old thoroughbreds in the United States, frequently referred to as “The Most Exciting Two Minutes in Sport” or “The Run For The Roses” due to the fact that the winner gets covered in a blanket of roses.
With $2 million in prize money, the 1 1/4-mile Kentucky Derby attracts the best racehorses in the United States as well as a few internationals. The 20-horse field has earned its spot by accumulating points on the Road to the Kentucky Derby circuit.
The Kentucky Derby, the longest-running athletic event in the United States, is the centerpiece of the two-week Kentucky Derby Festival at Churchill Downs, attracting more than 155,000 spectators and a total wagering handle of more than $130 million.
How do you get to the Kentucky Derby?
From the 139th Kentucky Derby in 2013, horses have qualified through the Road to the Kentucky Derby series. A tiered points system provides points to the first four finishers in each race of the series.
At the conclusion of the series, the twenty horses with the most points win a starting position at Churchill Downs. From September to April, the Road to the Kentucky Derby offers possibilities in the United States, Japan, Ireland, the United Kingdom, and France.
Preakness and Belmont Stakes represent the second and third legs of the Triple Crown.
The Kentucky Derby Track Specifics
The Kentucky Derby is run over a distance of 1 1/4 miles on a dirt course at Churchill Downs in Kentucky, United States. The racetrack is a mile-long oval that was constructed expressly for the Kentucky Derby and Kentucky Oaks, two races designed to highlight the state’s thoroughbred breeding.
Colonel Meriwether Clark was inspired by the Epsom Derby and Epsom Oaks in England, so he constructed American equivalents on a new course, which was made possible by land leased to him by his uncles John and Henry Churchill. The term Churchill Downs originated there.
The Kentucky Derby and Kentucky Oaks have been held annually since their inception in 1875, making them the longest continually held athletic events in the United States. The Twin Spires atop the grandstands at Churchill Downs have become an emblem of horse racing, dominating the Kentucky skyline.