How To Bet On 2023 Kentucky Derby From Maryland or Virginia

By Horse Racing

It’s Derby Day! This years Kentucky Derby is set to take place at Churchill Downs Racetrack this evening (Saturday, May 6th, 2023).

The Kentucky Derby traditionally takes place on the first Saturday of May, and it’s generally the second most bet on single day sporting event in the United States each year, next to only the Super Bowl.

If you live in Maryland or Virginia and are interested in betting on the 2023 Kentucky Derby then you are in the right place. On this page I will recommend a great betting site for US residents, touch on the legal betting climate in both states, look at the Derby winner odds, and finish with a straight forward 3 step guide you can follow to bet on the Kentucky Derby online.

Best Betting Site For Americans

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50% up to $1000 Review Visit is our top rated betting site for US residents interested in betting on the Kentucky Derby. This includes anyone living in Maryland or Virginia.

Kentucky Derby Betting in Maryland and Virginia

Sports betting is legal in both Maryland and Virginia, with both states now offering a variety of regulated online sportsbooks for residents to choose from.

In Virginia there are several regulated sportsbooks available to take your bets, with the first regulated sportsbooks launching in the state in January of 2021. In Maryland sports betting was initially only allowed in-person at a few retail sportsbooks in the state. This changed on November 23rd, 2022 when regulated online sports betting launched in the state. There are now nine regulated betting sites to choose from in Maryland.

If you live in either Maryland or Virginia you also have the option to bet on the Kentucky Derby through offshore betting sites that are licensed and regulated outside of the USA. falls into this category as a site that is licensed in Panama, while accepting US players.

**Maryland and Virginia residents can also place Kentucky Derby bets at local tracks that offer simulcast betting. Pimlico Race Course in Baltimore (host of the Preakness Stakes), Laurel Park in Laurel, Maryland and Colonial Downs Racetrack in New Kent, Virginia are all examples of horse tracks that will be taking bets on the Kentucky Derby.

2023 Kentucky Derby Winner Odds

Here are the race winner odds for the 2023 Kentucky Derby from BetOnline. The odds below were taken on May 5th (the day before the Derby). To see the full list of current odds head to, select ‘Sports’ from the top menu bar, open the ‘Horse Racing’ drop down menu and select ‘Horses Daily’ -> ‘Churchill Downs’.

The morning line favorite, Forte, was scratched from the race. Tapit Trice is the new favorite, while Angel of Empire, Derma Sotogake, Mage, and Verifying are the other top contenders.

Bet On The Kentucky Derby – 3 Steps

Complete this three step guide to bet on the Kentucky Derby online from anywhere in Maryland or Virginia.

Step 1. Create A Account

Click the above link, select ‘Join Now’ on the home page, and complete the sign up form to create your account.

Step 2. Deposit

Log into your BOL account and click on the ‘Deposit’ button. Choose your preferred deposit method, enter the amount of your deposit, and follow the instructions to fund your account.

BetOnline accepts Bitcoin, Ethereum, several other cryptocurrencies, Visa, MasterCard, American Express, and more. You can cash out through most of the same methods, as well as by bank wire or check through the mail.

Step 3. Place Your Kentucky Derby Bets

You can place your 2023 Kentucky Derby bets in the BetOnline Sportsbook or Racebook:

Sportsbook (Fixed Odds)

In the Sportsbook you can bet on the Kentucky Derby race winner at fixed odds. Open the ‘Horse Racing’ drop down menu in the Sportsbook and select ‘Horses Daily’ -> ‘Churchill Downs’. Select the odds of the horse you expect to win, enter your risk amount on the Bet Slip and click ‘Place Bet’ to make your bet.

**The odds at which you place your bet are fixed in the Sportsbook.

Here’s a screenshot showing the clicks (odds in screenshot are from May 6th – Derby Day):

Racebook (Parimutuel Betting)

In the Racebook you can place all of the traditional horse racing wagers such as win/place/show, exacta, trifecta, etc. The bets in the Racebook use the parimutuel betting system, which means the odds are not fixed when you place the bet. Instead the odds can change (even after you place your bet) up until race time, depending on the amount of money wagered on each horse or bet type.

Open the ‘American Thoroughbred’ drop down menu and select ‘Churchill Downs’. The Kentucky Derby is race #12 on May 6th (post time 6:57pm).

Select the bet type, enter your wager(s) for the race and click ‘Add To Bet Slip’. After you’ve added and reviewed all of your bets click ‘Submit All Bets’ on the Bet Slip to lock in the wagers.

**The below screenshot is an example showing the clicks to place a bet on Tapit Trice to win this years Kentucky Derby.**

Check out our horse race betting section for a further breakdown of the different bets you can make on the Kentucky Derby.

Ready to bet? Click here to visit

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