Betting Odds Kentucky Derby 2017

• Betting Odds Kentucky Derby 2017 Schedule
• Betting Odds Kentucky Derby 2017 Winner

The Kentucky Derby, also known as the Run for the Roses, is the Super Bowl of horse racing. If there’s one race that every jockey, trainer, and owner dreams of winning, it’s the big annual race at Churchill Downs. And we are here to get you ready for 2019 Kentucky Derby betting.

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Betting Odds Kentucky Derby 2017 Schedule

Kentucky Derby Tradition Traces Back to 1875

2019 Kentucky Derby futures odds: Look past favorites for betting value. Kentucky Derby co-favorite Omaha Beach (along with Roadster, recorded at 7/2. Find out where to get the best Kentucky Derby odds 2021. See out top picks, odds and who are the favourites for the upcoming Kentucky Derby. There's just one day to go until the 2017 Kentucky Derby. Here are the post positions and latest odds.

The Kentucky Derby has been one of America’s greatest traditions dating all the way back to the first race in 1875. Tradition is a dominant theme of the event, even the date it is held. The Kentucky Derby is held every year on the first Saturday in May, and that’s just the beginning, as there’s a whole host of traditions that elevate the atmosphere. Common ones that come to mind are the women’s big, ostentatious hats, classy partying on the infield, the “Millionaire’s Row” box seats, the singing of “My Old Kentucky Home”, the Mint Julep, and of course, the blanket of roses. Each year, the winner of the Kentucky Derby is decorated with a blanket of 564 red roses, hence the name the “Run for the Roses”.

Kentucky Derby: Betting the First Jewel in the Triple Crown

The Kentucky Derby has significant importance as it is the first of three in the American Triple Crown. The other two jewels in this Triple Crown are The Preakness Stakes and The Belmont Stakes. Only 12 horses have ever won the Triple Crown (winning all three races in the same year) and each year, the pressure falls on the Kentucky Derby winner to get the job done. The challenge is that all three venues are quite different. Pimlico Race Course, which hosts The Preakness, is the shortest of the three while Belmont Park, which hosts the Belmont Stakes, is the longest.

We’ll tell you more about the history of the race and all of the great horses that have made their mark as we prepare for this year’s edition. We’ll also delve further into detail about Churchill Downs itself, as the racetrack has some unique and special characteristics and it’s important to know about the track itself before betting on the Kentucky Derby.

Betting on the Kentucky Derby is the greatest American horse betting event, and it has been for decades. We’ll be your guides through the odds, contenders, past results and even show you the best places to bet as we prepare for this year’s running of the Kentucky Derby.

The Top Resource for Betting the Derby

If you’re doing some research trying to find out how to bet the Kentucky Derby, the first thing you’ll need to know is how to find a reliable sportsbook. The Kentucky Derby presents a good money-making opportunity but you’ll need to start by finding a shop that has odds on the big race and open up an account. Setting up a betting account is a fairly quick and easy process and the sportsbooks that we recommend will even give you a bonus just for opening an account and depositing. Welcome bonuses are a great way to build your bankroll before you bet on the Kentucky Derby.

Make sure you do your research before you dive right in. Here at Kentucky Derby Betting, we have guides on the different horse betting types. Sure, you can bet the race winner but you’ll want to know the difference between Win, Place, and Show, or learn about some of the exotic bets like the trifecta, superfecta, and exacta.

2017 Kentucky Derby Contenders

Once you have a firm grasp on the basics, then you’re ready to take a look at the 2018 Kentucky Derby contenders. As we prepare for the Run for the Roses, there is what’s called a Road to the Kentucky Derby, which is basically a point system that determines which horses will qualify for the Kentucky Derby. It has 34 stakes races, including 16 races over a 10-week schedule that is known as the Kentucky Derby Championship Series. If you’re betting on the Kentucky Derby, you’ll want to keep an eye on how the horses perform in these races (also known as the Kentucky Derby prep trail) as it will give you a good indication as to who has what it takes to win at Churchill Downs.

The sweet smell of spring is right around the corner and so betting on this year’s 2018 Kentucky Derby. We’ve got a full resource here for you to tap into, so get yourself acclimated to the betting odds, the thoroughbreds, the trainers, the tracks and the jockeys.

2017 Kentucky Derby Odds

Of all the information necessary to bet on the Kentucky Derby none are more important than the betting odds. These are the track odds for the 2017 Kentucky Derby as of Saturday, May 6.

The 2017 Kentucky Derby promises to be a wide open race. Unlike most years, there just aren’t any dominating favorites at the top of the field. The weather is potentially an issue with rain in the forecast and the potential for a muddy track. This also means that the odds will change frequently between now and post time.

Kentucky Derby Odds - Updated May 6, 2017

What are odds versus morning line odds?

Anyone can predict the odds (or probability) of a horse winning the Kentucky Derby, but this opinion is different than the official morning line odds that are published the day of the Kentucky Derby. To make things easy, Churchill Downs publishes their morning line odds for the public to help them understand how much money they will be paid if the horse they are betting on wins the Kentucky Derby. Regardless, these are not the final odds that will be used that day, and morning line odds are considered to be an estimate.

Differences between handicapper and oddsmaker

Handicappers are everywhere, and many bettors will consult with them to help figure out which horses will actually win. Naturally, if a handicapper has a high percentage of wins for predictions, they will be popular with bettors. Oddsmakers figure out which horse is most likely to win based on how everyone is betting so far, and sets the official bets on the betting slips.

However, a handicapper uses various kinds of data about horses to figure out which horse is likely to win. In many cases, the handicapper is right about the winner of the race, while the oddsmakers’ hands are tied since it is the public and the way they are contributing bets to the betting pool that ultimately sets the betting odds.

One of the main ways that handicappers predict the outcome of an event like the Kentucky Derby is with pedigree. If the horse has a certain number of winners in their family, the handicapper will pick that horse as the likely winner. Another interesting way to determine a race outcome is by using sophisticated racing data programs. Often, these are private systems, and the handicappers will publish their predictions for events like the Kentucky Derby by factoring pedigree, past performances, and other variables.

Who is the official morning lines oddsmaker at Churchill Downs?

Betting Odds Kentucky Derby 2017 Winner

The morning of the Kentucky Derby, the official oddsmaker puts the numbers in the race day programs, and the tote board at the racetrack is updated throughout the day with the new odds. The name to look for in association with Churchill Downs and the official odds is Mike Battaglia. This system of oddsmaking was defined when pari-mutuel betting began at Churchill Downs in 1875.

How do they come up with morning line odds?

One of the oddities of the odds used to determine the bets you place is that they are determined by public opinion. People betting before the race on future wagers might influence these numbers. Nevertheless, it is the official oddsmaker that will make the odds used to determine betting payouts, and their word is the final say. Another factor that can throw off new bettors is the fact that the oddsmakers can change the odds throughout the day before the actual race begins. This also means that the odds information on a betting slip online could change.

For example, one thing that is helpful is to listen to see if the horse you are betting on has been scratched at the last minute. Sadly, the horses that everyone seems to think will win are always going to pay out poorly. For this reason, if a horse is determined to win in last place, and the horse wins first place, the 50-to-1 odds for the longshot will end up being about $103 for a $2 bet.

What to do with morning line odds and how to place a bet with them

When bettors see that there is a “favorite” among the morning line odds, their first instinct is to place all of their money on that horse. Sadly, the favorite does not pay out very well, and being the favorite does not mean that horse will definitely win the Kentucky Derby. Instead, having strategy with betting means dividing up your money between a few choice bets.

One thing that is always true is that buying a single ticket for the longshot can really pay off. In addition to buying a ticket for your horse to win at first place, you can also place a bet for win (first), place (second), or show (third). If your horse wins any of those places, you get a return on your bet.

What are the payouts for a $2 bet based on morning line odds?

To get a better idea of how much money your odds will pay off or payout, take a look at the list below.
1-to-5 = $2.40-$2.70
2-to-5 = $2.80-$2.90
1-to-2 = $3 to $3.10
3-to-5 = $3.20 to $3.50
4-to-5 = $3.60 to $3.90
1-to-1 = $4 to $4.30
6-to-5 = $4.40 to $4.70
7-to-5 = $4.80 to $4.90
3-to-2 = $5 to $5.10
8-to-5 = $5.20 to $5.50
9-to-5 = $5.60 to $5.90
2-to-1 = $6 to $6.90
5-to-2 = $7 to $7.90
3-to-1 = $8 to $8.90
7-to-2 = $9 to $9.90
4-to-1 = $10 to $10.90
9-to-2 = $11 to $11.90
5-to-1 = $12 to $13.90
6-to-1 = $14 to $15.90
7-to-1 = $16 to $17.90
8-to-1 = $18 to $19.90
9-to-1 = $20 to $21.90
10-to-1 = $22 to $23.90
15-to-1 = $32 to $33.90
20-to-1 = $42 to $43.90
30-to-1 = $62 to $63.90
50-to-1 = $103 to $105

Kentucky Derby Morning Line Odds/Odds 2006 to 2016

Are you curious about the changes that occur during the day before the race for the morning line odds versus the ones on your bet was actually calculated from? Although there are future wagers available, the betting that takes place before the race begins is sometimes based on different numbers than what was represented earlier in the day.

For instance, if a horse is withdrawn from the race because it does not pass a drug test or is sick, the odds and payouts can change. To get a better idea, take a look at the morning line odds for the past ten years of Kentucky Derby winners versus the betting payout odds.

2016: Nyquist’s morning line odds were 3-to-1, and payout odds later in the day were 2-to-1. The bets placed on Nyquist were $7,761,084.00, and the total betting pool for all the horses was $31,579,434.00. Bettors that bet on Nyquist to win first place were given $6.60 on a $2 bet.
2015: American Pharoah’s morning line odds were 5-to-2, and payout odds later in the day were 3-to-1. The payout for American Pharoah to win first place was $7.80 on a $2 bet.
2014: California Chrome’s morning line odds were 5-to-2, and payout odds later in the day were 2-to-1. The payout for California Chrome was $7 on a $2 bet.
2013: Orb’s morning line odds were 7-to-2, and payout odds later in the day were 5-to-1. The payout for Orb was $12.80 on a $2 bet.
2012: I’ll Have Another’s morning line odds were 12-to-1, and payout odds later in the day were 15-to-1. The payout for I’ll Have Another was $32.60 on a $2 bet.
2011: Animal Kingdom’s morning line odds were 30-to-1, and payout odds later in the day were 20-to-1. The payout for Animal Kingdom was $43.80 on a $2 bet.
2010: Super Saver’s morning line odds were 15-to-1, and payout odds later in the day were 14-to-1. The payout for Super Saver was $18 on a $2 bet.
2009: Mine That Bird’s morning line odds of 50-to-1, and payout odds later in the day were the same. The payout for Mine That Bird was $103.20 on a $2 bet.
2008: Big Brown’s morning line odds were 3-to-1, and payout odds later in the day were 2-to-1. The payout for Big Brown was $6.80 on a $2 bet.
2007: Street Sense’s morning line odds were 4-to-1, and payout odds later in the day were 9-to-2. The payout for Street Sense was $11.80 on a $2 bet.

2006: Barbaro’s morning line odds were 4-to-1, and payout odds later in the day were 6-to-1. The payout for Barbaro was $14.80 on a $2 bet.

Live Betting Odds:

Once betting opens for the race the odds then move in accordance with the money wagered on certain horses. Public sentiment can make a morning line 'also ran' into a favorite and an overlooked horse can become a favorite of 'wise guys' and attract a lot of betting action. Watching the odds move at this point can reveal information about who the public likes (and doesn't like).

Updated 2017 Kentucky Derby Odds Information::

Check back often for the latest Kentucky derby betting odds direct from Churchill Downs!

These Kentucky Derby Odds were written by DerbyCraze.com and earned a 4.5/5 rating.