It’s Kentucky Derby week! The Kentucky Derby is firmly ingrained in the betting culture of the United States. The Derby is the second most bet on sporting event in the country in a typical year, next to only the Super Bowl. This years Kentucky Derby will take place this Saturday, May 6th at Churchill Downs. The race has a post time of 6:57pm EST and will be broadcast on NBC in the United States.
I know there are plenty of Americans who will be making their first bet online for this years Kentucky Derby. For this reason I wanted to create this guide to provide a simple step by step “how to” guide for new bettors to get some action on the Kentucky Derby.
On this page you will find our top rated betting site for the Derby, some early Kentucky Derby odds and a 3 step guide to getting your Kentucky Derby bet placed online within minutes.
Best Kentucky Derby Betting Site for Americans
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BetOnline.ag is our top rated site for betting on the Kentucky Derby. They have a terrific, easy to use racebook and they jack up horse racing profit limits to $100,000 for the Derby.
I will be using BetOnline for both the odds and the “how to guide” for betting on the Kentucky Derby below.
Kentucky Derby Win Odds
Here are the “to win” odds (with post positions) for the 2023 Kentucky Derby from BetOnline.ag. These odds are up to date as of May 1st (after the post position draw). To see the current odds you should visit BetOnline.ag and select ‘Horse Racing’ -> ‘Horses Daily’ -> ‘Churchill Downs’ from the left sidebar in the ‘Sports’ section of the site.
**You can also bet on the Kentucky Derby through the ‘Racebook’ section of the BetOnline website by selecting ‘Churchill Downs’ under the ‘Thoroughbred’ drop down menu.
Forte is the favorite to win the race at odds of +300, while Tapit Trice, Angel of Empire, and Practical Move are the other top contenders. Forte has won his last 5 races, including winning the Florida Derby on April 1st, and winning the Breeders’ Cup Juvenile in November. Tapit Trice is coming off a win at the Blue Grass Stakes last month, and has won his last four races.
Bet On The Kentucky Derby from the USA – How To Guide
Follow these 3 simple steps to get your Kentucky Derby bets placed online in under 5 minutes.
Step 1. Open a BetOnline.ag Account
BetOnline is our top rated site for Americans looking to bet on the Kentucky Derby. They have a very easy to use racebook and they are focused on providing a great betting service to the American public.
Click the above link, click ‘Join Now’, and fill out the short form on the home page to open your account.
Step 2. Deposit
BetOnline accepts Visa, MasterCard, American Express, Bitcoin, Ethereum, other cryptocurrencies, and various other deposits. You can cash out your winnings through Bitcoin, ETH other cryptocurrencies, bank wire or cashiers check.
It’s quick and easy to get money into and out of your BetOnline account.
Step 3. Place Your Derby Bets
It’s time to place your Kentucky Derby bets. Depending on what type of bet you want to make you can bet through the ‘Sports’ or ‘Racebook’ sections of the BetOnline website.
Sportsbook (Fixed Odds)
If you’d like to place a bet on the Kentucky Derby with fixed odds you can do so in the ‘Sports’ section of the BetOnline website. Select ‘Sports’ from the top navigation bar and then select ‘Horse Racing’ followed by ‘Horses Daily’ -> ‘Churchill Downs’. The “to win” odds for the Derby will be displayed under ‘May 6th’. Here’s a screenshot with arrows showing how to find the Kentucky Derby odds.
Racebook (Parimutuel Betting System)
You can place the full variety of horse racing wagers on the Kentucky Derby through the Racebook. These bets will use the parimutuel betting system, which means the odds of your bet can change leading up to post time depending on the amount of money wagered on each horse.
Select ‘Racebook’ from the top navigation bar. Click on the ‘Thoroughbred’ drop down menu and select ‘Churchill Downs’. The Kentucky Derby will be race #12 on May 6th (post time of 6:57pm EST).
Select the bet you want to make (win/place/show, exacta, trifecta, etc), enter your wagers and click ‘Add To Bet Slip’. When you are happy with your bets click ‘Submit All Bets’ to lock them in.
Below is a screenshot of the Racebook from last years Kentucky Derby showing some of the clicks, as an example.
Be sure to check out our horse race betting section for a further breakdown of the various bets you can make on the Derby on race day.
Are you ready to bet? Click here to visit BetOnline.ag.