Best Bets for the Kentucky Derby – How and Where to bet on the Kentucky Derby
This page is going to help you make the best bets for the 2023 Kentucky Derby.
Everything you need for the best Kentucky Derby bets
The Kentucky Derby is the best betting race of the year. Run every year since 1875, thoroughbred horse racing experts and casual fans alike get excited to watch the greatest two minutes in sports. It is the first jewel of the Triple Crown, followed by the Preakness and the Belmont Stakes.
The 2023 Kentucky Derby will be run on Saturday, May 6. After reading this Kentucky Derby betting guide, you’ll have everything you need to know to handicap and play the race like an expert!
Best Kentucky Derby Betting Sites at MyTopSportsbooks
You have many choices for where to bet on the Kentucky Derby. Some people bet the Kentucky Derby from racetracks or off-track betting (OTB) locations, though more and more people are enjoying the convenience of betting it from home. These are the best sites for betting on the Kentucky Derby according to the experts here at MyTopSportsbooks:
Kentucky Derby Betting Resources
Read these helpful articles to learn how to place a bet on Kentucky Derby:
Las Vegas Kentucky Derby Odds
You may be asking, how early can you bet on the first jewel of the Triple Crown? The answer is that even though Churchill Downs in Louisville only lets you bet the race on Kentucky Oaks day and Derby day, Kentucky Derby betting begins weeks or even months in advance at online sportsbooks! So, if a horse’s pedigree or race form impress you well before the Kentucky Derby, you can lock in the best price.
Kentucky Derby odds change as the race gets closer and horses keep training toward the starting gate on the first Saturday in May.
These are the Kentucky Derby 2023 betting odds as of May 3 on contenders near the top of the market:
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Remember that odds may change until post time, but you can lock in the best prices just by placing your wager!
Latest Free Kentucky Derby Picks
The most likely Kentucky Derby winner is Forte, the champion juvenile of 2022. He went on to impress in two starts in Florida this year, including a win in the Florida Derby. He has only ever lost once, early in his two-year-old season, and has the talent and consistency to shine in the Run for the Roses. He also has the tactical ability to work out a trip, even in a large and chaotic field.
Other top Kentucky Derby contenders include Practical Move and Tapit Trice, who both come strong into their match up with Forte.
Practical Move is the leading horse in the always-live Southern California prep series. He has won his last three races, including the Santa Anita Derby. Even though it looked like he was going to get passed by Mandarin Hero or Skinner in that final prep race, he dug in and showed the will to win that a champion really should. This tenacity should give him a leg up in the large, deep field at Churchill Downs.
Tapit Trice showed increasing maturity when handling a challenging post position and winning the Blue Grass. He had shown some start trouble in previous races, but pulled out from an inside draw, tracked from the outside, and looked strong finishing. He also has a rock-solid pedigree for stamina, being by Tapit (a four-time sire of Belmont winners) out of a mare who was a stakes horse going long.
If you are looking for higher Kentucky Derby betting payouts, try a longer shot. A good longshot to consider is Two Phil’s. He carries the best prep race Beyer speed figure of any of the Kentucky Derby contenders. Yes, that came on the synthetic footing at Turfway. But, he’s no one-trick, synthetic-track pony: he is a graded stakes winner at Churchill Downs, meaning he should handle the Kentucky Derby surface well.
As the Kentucky Derby draws closer and post positions are determined, we will have even more free expert Kentucky Derby handicapping and picks to help guide your wagers and make you money.
Best Kentucky Derby Betting Sites
Choosing the best site to play the Kentucky Derby can be a difficult decision since there are so many online sportsbooks to choose from. However, our betting experts have done the work to evaluate the best online sportsbooks and recommend the ones with the best odds, features, and bonuses.
These are the best sportsbooks for betting the Kentucky Derby. All of them are trusted betting sites with great Kentucky Derby markets. It is a good idea to sign up for more than one, so you can compare and get the best odds on your Kentucky Derby horses.
Why do We Choose these Sites?
For the best betting race of the year, it is important to have the best Kentucky Derby odds from a trusted sportsbook. Finding the best place to make your wagers can be difficult, and it helps to have expert analysis and insight.
We have vetted the best online sportsbooks to find ones that are trustworthy, easy to use, and always offer the best Vegas odds. You can sign up and feel confident that these sportsbooks will give you the best odds and help make your Kentucky Derby betting online experience as fun and profitable as possible!
How to Bet on the Kentucky Derby — Top 5 Tips to Win
To bet on the biggest race of the year, you need to know the best Kentucky Derby betting sites and odds. However, it also helps to be a smart handicapper. Consider these tips and strategies that will help you make an educated decision on what odds you think a horse truly has. In order to make Kentucky Derby best bets, we strongly advise taking our tips on board.
That way, if you find a top sportsbook that is offering you better odds than you think the horse should have, you can feel confident about betting on them!
Some horses are bred to sprint, and some horses are bred to run longer distances. The Kentucky Derby is a mile and a quarter. That makes it one of the longer races on the American racing calendar. So, you want a horse whose sire (father) and dam (mother) either did well racing long distances or have produced offspring that show good stamina.
It pays to consider the running style of the Kentucky Derby horses. Some horses are frontrunners who only run good races from on or near the lead. Others are closers, horses who sit near the back of the pack early but pass horses down the stretch.
Look at their Kentucky Derby prep races and find out each horse’s running style. If the Kentucky Derby has a lot of horses who like to go the lead, then those frontrunners will probably go too fast, get tired, and let the closers run them down. If most of the horses like to sit further off the pace, then it’s worth finding good Kentucky Derby odds on a horse who likes the lead.
Trainers and Jockeys
Some of the trainers and jockeys (or “connections”, in horse racing speak!) have been to the Kentucky Derby a lot of times. Some are new to horse racing’s biggest stage. This has several effects on the odds.
Sometimes, you can have a little more confidence in a longshot horse whose prep races may not be as impressive because his trainer or jockey has so much experience winning the Kentucky Derby. Other times, a horse who may not have the right record or pedigree can be bet to too-short odds because of their connections. Keeping this in mind can help you find value in your wagers!
Stay Cool Under Pressure
The most exciting two minutes in sports betting can really burn your nerves. Some of the hardest bettors can even crumble under this pressure cooker. Having your head on straight and staying logical is one of the trickiest parts of making a good Kentucky Derby bet.
One way to keep your cool is to have a solid idea of the different horses, trainers, and jockeys before the horse race starts. This will give you a strong anchor as things the winds of the race start to blow.
Kentucky Derby Betting Odds Movement
Keep in mind that Kentucky Derby betting odds are not static. When later prep races are finished or news comes out about different horses, their Kentucky Derby odds move. This means it is worth it to follow the latest news and keep an eye on how the odds move. It requires maintenance, but you can be rewarded with the very best Kentucky Derby bet payouts!
Kentucky Derby Odds Explained
In online betting for Kentucky Derby, you will see odds in three major formats depending on the sportsbook you choose. Here is an explanation of the different formats:
- American (+500): These are similar to what you see in American sportsbooks when betting other sports, and denote how much you win, but do not take into account getting back your initial stake. +500 means that for a winning $1 bet, you win $5. Add back your $1 initial stake, for a total of $6.
- Fractional (5/1): These are similar to what you see if you are betting a race at a racetrack. 5/1 denotes, in fractional form, how much money you win, but not your initial stake. So, for a winning $1 bet at 5/1, you get back $5 in profit plus your $1 stake, for a total of $6.
- Decimal (6.00): Decimal odds reflect both the winnings and the returned stake together in one number. So, a winning $1 bet with 6.00 decimal odds means you get back a total of $6: including the $5 profit plus the $1 initial stake.