What To Bet On The Kentucky Derby

How to bet the Kentucky Derby. Over $150 million is won by bettors wagering on the Kentucky Derby each year. Learn how to bet on the Kentucky Derby here; with tips fro our experts, important information on contenders, and of course the best place to bet on the Kentucky Derby in our official partners and sister site, TwinSpires.com! An exacta bet is a common Kentucky Derby bet that has you choose the top two horses of the Kentucky Derby in the correct order. Also known as a perfecta bet, an exacta bet is a step up from your traditional win, place, show bet. If a +1500 long shot wins the Kentucky Derby and the +200 favorite finishes second, the exacta might return $80. 2020 Kentucky Derby preview. The 2020 Kentucky Derby is scheduled to be run at 7:01 p.m. Eastern Time on Saturday, Sept. 5 at Churchill Downs in Louisville.

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Split the Cost and Bet with Your Friends

Divide your bet into shares and your friends can join in and split the bet cost, as well, as the earnings. Build you Bet Now!

$10 Oaks/Derby double, 5 with 17: Friday’s Kentucky Oaks (G1) is the fillies’ equivalent to the Kentucky Derby, and the brilliant #5 Gamine (1-1) is a deserving favorite. Pair her with Tiz the Law in the popular Oaks/Derby double and you might catch a return of $40 or so.

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How to bet at a Kentucky Derby party

Planning on attending or hosting a Kentucky Derby party this year? Betting on your favorite horse(s) is a big part of the fun, and you don’t have to be at the track to get involved.

These tips will ensure you and your guests get a run for your money during the Run for the Roses:

Bet with your computer or mobile device

If you live in one of the many states that allows advance deposit wagering (ADW), you’re in luck—you can place bets online and await the results from home. A popular option is TwinSpires.com, the official wagering partner of the Kentucky Derby. TwinSpires users can place bets on their computer or mobile device and enjoy high-quality livestreams of all the action. Even better, new players can take advantage of a $100 signup bonus.

Get your bets in early

Don’t assume you’ll have a chance to bet the Derby in the final minutes before post time—once your party gets going, time is bound to fly. Plan your wagers beforehand and place them well before the race, double-checking each bet for accuracy. This goes double if you’re placing bets on behalf of your friends and family. You don’t want to congratulate your cousin on winning a $5 show bet, only to realize you submitted the wrong number and actually wagered his money on a losing horse.

Play party games

Games are a fun way to get everyone involved without necessarily spending a single cent. Write the names of every Kentucky Derby runner on slips of paper, place them in a hat, and let guests randomly draw a name to determine which horse they’ll play.

From here, the variations on gameplay can be infinite. You could arrange for everyone to place a $2 win bet on their chosen horse, giving them a real rooting interest in the outcome. Or you could bet with “Monopoly money,” wagering imaginary amounts and calculating what each player’s winnings would have been. Consider writing down various dollar amounts on slips of paper so players can choose their wager amounts at random; use a wide range of values ($2, $100, $1 billion) for maximum entertainment.

• Which Party Games should I play?
The Show Parlay Party Game
The Derby Hat Draw
Horse Auction Action
Lucky Longshots
Vegas at the Derby
Spin the Bottle Bet Selector
Even more games to try!
Bet Shares - Create a ticket and split the cost
Refer a Friend and get $10
• Other ways to pick a winner:
Handicapping Expert Picks
Practice your betting with free-to-play games here
How to bet your favorite horse
How to bet on a budget

Where to get started and how to win at Kentucky Derby party pools and group games!

The Kentucky Derby is more than just a horse race—it’s a national event. Like the Super Bowl or March Madness, folks who don’t normally follow Thoroughbred horse racing will tune in to watch (and wager) on the Derby, which has been held every year since 1875.

Planning to join in with a wager or two of your own? Whether you’re paying a visit to Churchill Downs or partying from the comfort of your home, these five tips will help you get the most enjoyment out of your Derby betting foray.

• Read about the contenders

While betting on horse races is a fun challenge in and of itself, your enjoyment of the sport will be increased multifold by learning about the horses involved. Industry websites, including Brisnet.com and TwinSpires.com, are packed with news and analysis to help guide your betting decisions. The news section of the Kentucky Derby website is a similarly rich resource of race results, insights, and interesting backstories. Learn about the horses as horses—not just numbers in the program—and the sport will come to life before your eyes.
• Bet the favorites
Betting horses at random will produce only infrequent winners, so if you want to impress your friends with a steady stream of victorious selections, go with the flow and bet on favorites. You won’t stumble into high-priced winners, but hey—winning sure beats losing, no matter what the payoff. Favorites win 35% of the time in the Kentucky Derby, a success rate that more or less holds true for all other North American horse races. Bet on every favorite over the course of 12 races, and you’ll likely pick four or five winners, sufficient to make you a handicapping hero.

• Have a plan
  
Even if you’re betting just for fun, it’s wise to approach a day of racing with a plan in mind. Set aside your wagering budget and ration it accordingly throughout the afternoon. View your bets as the price of an entertaining afternoon and assume you won’t win back a dime—that way, if you’re skilled enough (or lucky enough?) to cash some winning wagers, you can happily pocket your profits and head home as the toast of the track.

• Get your bets in early
  
Don’t wait around until the last minute to get your bets placed! Planning and placing wagers can take longer than you anticipate. If you’re at the track, you might get hung up in line waiting to bet; if you’re at home, you might stop for a snack and realize too late that the race is about to begin. There’s no reason to be hurriedly placing a wager as the horses enter the starting gate—get your bets in early, and you won’t get shut out when post time arrives.

• Play party games
  
Watching the Kentucky Derby with a group of friends? Team up with party games so everyone can enjoy a piece of the action. Betting a simple show bet parlay can be a potentially lucrative way to keep the fun going all afternoon. Another idea? Put the names of every Kentucky Derby horse in a hat and take turns drawing names until every horse has been selected. If everyone bets a small amount on their chosen runner(s), you can guarantee someone will experience the satisfaction of winning a Derby wager.
Good luck!

• The 2020 Kentucky Derby will now take place on September 5th with limited crowd capacity.
• Thanks to a new ruling, it’s now possible to bet on the Kentucky Derby in Nevada.
• Online betting options are now available throughout the country, as well.

We’re just over a week away from “the most exciting two minutes in sports.” For a time, it seemed as if Nevada’s sportsbooks would be unable to offer odds on the biggest horse race of the year. Fortunately, it’s now possible to bet on the Kentucky Derby in Nevada again.

As many know, this is one of the most-wagered-on events of the year. The 2020 Kentucky Derby will certainly be different from ones in the past, yet it’s still likely to draw in a huge number of bets. Today, we’re going to look at why Nevada is now being allowed to offer wagers on this race.

Let’s get into it!

Putting On the 2020 Kentucky Derby Hasn’t Been Easy

In March, the entire sports and entertainment industry came to a screeching halt. Horse race tracks were immediately forced to shut down and all major races were delayed until further notice. At that time, no one could say how long the regulations would last for.

Many felt that by May, racing events would resume. Time went on, however, and most of the country’s regulations either stayed in place or intensified. By mid-April, it became clear that it was impossible to host the 2020 Kentucky Derby on its original date.

For the first time since 1945, the Kentucky Derby was forced to be rescheduled. Event organizers announced the race would instead be held on September 5th. Hope was that by this time, fans would be allowed in the stands and some sense of normalcy would be back.

Several ideas were put forward on how to safely hold this event. Under normal circumstances, it draws in thousands of spectators into a small area to eat, drink, and enjoy the atmosphere. Organizers eventually agreed to allow just 14% capacity in the stands.

Those attending the race will notice some major changes. Masks will be required at all times, except while eating and drinking. The famous mint juleps will still be offered in disposable cups and only pre-packaged foods will be available.

It took a tremendous amount of effort to organize this year’s Derby. News has just broken that fans based in Nevada will now be given permission to bet on the race winners.

Gaming Commission Approves Amendment to Bet on the Kentucky Derby in Nevada

The popularity of sports betting is skyrocketing around the United States. Horse race betting remains one of the most popular options and many consider Nevada the mecca for this form of gambling. Incredibly, it seemed as if it would be impossible to bet on the Kentucky Derby in Nevada this year.

In the past, Nevada’s sportsbooks could only offer bets on events of which results were given by licensed disseminators. This year’s Kentucky Derby won’t have that luxury. Instead, sportsbooks will need to rely on nationally televised broadcasts for the results.

This proved to be a major issue for Nevada’s many sports betting companies. Without odds on the race, they’d lose out on a massive amount of much-needed revenue. The Nevada Gaming Commission has just officially approved an amendment that allows wagering on this event.

Many regulators fear this will result in betting scams. Broadcast delays may result in what’s known as “past-posting,” betting on an event after it has begun. Some of Nevada’s gaming commissioners now want to organize a workshop to come up with a more permanent solution for situations like this one.

“We want to be able to bet (on the Kentucky Derby), but we also want a workshop,” Commission Chairman John Moran said.“Roll up your sleeves and get ready to have some workshops.”

Racing fans have to be happy. It’s now officially possible to bet on the Kentucky Derby in Nevada through most sportsbooks. But what about those located outside of Nevada?

What To Bet On The Kentucky Derby 2020

Online Betting Options for the 2020 Kentucky Derby

Nevada recognizes how many bets the Kentucky Derby will generate this year. Many of the online sportsbooks in the US do, as well. Horse race betting sites around the country are now offering fantastic odds for this year’s historic race.

That includes Bovada. This site launched back in 2011 and is now one of the biggest and most respected online sportsbooks in the country. Bovada is offering some amazing odds for each of the horses taking part in the 2020 Kentucky Derby.

At the moment, Tiz The Law leads the odds to win at -130. Art Collector comes in next with current odds of +550 to get the win next weekend. Want to go with an underdog? Consider a bet on Max Player at +3500.

What To Bet On The Kentucky Derby Online

Bovada is available in almost every single state around the US. It offers safe payment options and some great odds for this year’s Kentucky Derby. Check it out to see what else is being offered!

How To Bet On The Kentucky Derby In California

Nevada remains the sports betting capital of the world. Thanks to a new ruling, it’s now possible to bet on the Kentucky Derby in Nevada. We’ll need to wait and see how the commission moves forward with its regulations after the race.

Kentucky Derby Live Odds

Are you excited to watch the Derby this year? Which horse do you think wins? Let us know in the comments section below!