Kentucky Derby 2023 Betting Guide – Best Kentucky Derby Betting Sites

Affectionately called “The Run for the Roses,” the Kentucky Derby is a real horse racing highlight. The first leg of the US Triple Crown of Thoroughbred Racing dates back to 1875, and, on the first Saturday in May, Churchill Downs becomes the center of the sporting universe.

In this detailed Kentucky Derby betting guide, we will share with you the top sportsbooks to wager with, and who the favorites to win are. See which horse racing betting sites have the best offer for the Kentucky Derby, and check out the best odds for Kentucky Derby bettors this year.

Kentucky Derby 2023 Key Info

• 🏇 Race: Kentucky Derby 2023
• 📅 Date: Saturday, May 6, 2023
• ⏰ Time: 6.57 pm ET
• 🏟️ Location: Churchill Downs, Louisville, Kentucky, US
• 📺 TV Channel: NBC Sports
• 🎲 Favorite: Forte +300

Best Kentucky Derby Betting Sites

Betting the Kentucky Derby is a piece of cake, especially when placing your bets with these sportsbooks. The list below contains the top sites, sportsbooks and racebooks for those who enjoy wagering on the big race. Kentucky Derby betting online doesn’t come any better than with these oddsmakers:

1. Bovada – Request wagers and Kentucky Derby betting odds
2. BetOnline – Read a Churchill Downs track profile
3. Everygame – Kentucky Derby fixed odds
4. MyBookie – Get Kentucky Derby betting lines ahead of time
5. BetNow – Good odds on the big four
6. BetUS – Fixed odds betting on Kentucky Derby
7. Xbet – Prep races and Kentucky Derby future odds available
8. BUSR – $150 racebook bonus ideal for the big race
9. Jazz Sports – Daily horse racing rebate of 10%
10. Sportsbetting.ag – Rebates and free play on horse racing

You Might Find These Horse Racing Betting Pages Interesting…

• Horse Racing Betting Guide
• How to Bet on the Kentucky Derby
• Kentucky Derby Odds Guide
• Our Best Kentucky Derby Picks

Reviews of the Best Kentucky Derby Betting Sites & Racebooks

We have reviewed five of the best racebooks for betting on the Kentucky Derby 2023! These sites operate offshore so there are no worries about accessing them where you are. On with the reviews:

1. Bovada – Request Wagers & Kentucky Derby Betting Odds

At Bovada, there are futures odds for the Kentucky Oaks and Derby – the two biggest races of the meet. But bettors should be aware of the risks attached to this form of wagering before putting down large sums.

Their racebook also has all daily horse racing action in the US covered with selected overseas events too. As available elsewhere, this covers both thoroughbred and harness races.

Bovada has really embraced cryptocurrencies with Bitcoin, Ethereum, Litecoin, and USD Coin all available as payment methods.

Credit and debit cards like American Express, MasterCard, and Visa are also there for bettors. When it comes to customer support, Bovada has live help on hand plus a standard help section.

There is also a number to call for inquiries. Their pledge to offer 24/7 customer support means the service is better than some competitors.

Choice of Kentucky Derby Bets

As with all offshore betting sites offering a futures market on the Kentucky Derby, you can wager ahead of time on an outright win.

The pari-mutuel betting is available later but Bovada also has daily horse racing wagers of this type down. Look out for Exotics including the Superfecta on the day they run for the roses in Louisville.

Other markets include top 2, top 3, top 4, top 5 and top 8 finishes, and match-ups between two named horses are also available.

Bonuses & Promos

A 50% match deposit welcome bonus at Kentucky Derby racebooks will surely interest most US bettors. You’ll need to enter a unique Bovada promo code to claim it. There are also occasional horse racing rebates on selected qualifying tracks given automatically.

2. BetOnline – Read a Churchill Downs Track Profile

 

With futures betting on key trials en route to The Run for the Roses like the Florida Derby, plus the Kentucky Oaks for fillies, BetOnline has excellent fixed odds options.

Besides that, the daily horse racing betting coverage on BetOnline in the racebook is good. The pari-mutuel markets cover the USA in-depth and all major countries for both thoroughbred and harness racing.

When it comes to funding your Kentucky Derby horse betting, BetOnline  allows deposits from a range of traditional payment methods and cryptocurrencies. These include Visa, MasterCard, Bitcoin, Litecoin, and Ethereum.

In terms of customer support, BetOnline has a detailed FAQs section with its help center, email, and live chat function.

Choice of Kentucky Derby Bets

Nearer to post time and the date of the race, BetOnline offers the full range of wagers that you would expect. Their Kentucky Derby future odds are part of the fixed odds betting service and win only.

On the big day, exotic wagers like Exacta, Quinella, and Trifecta, plus other popular pari-mutuel bets like Place and Show will be available.

Bonuses & Promos

The welcome offer at BetOnline is a first deposit sign-up bonus deal of up to $1,000. Existing customers that use BetOnline promo code INSIDERS get a wide range of reload bonus packages.

3. Everygame – Kentucky Derby Fixed Odds Available

With Everygame, there are fixed odds on the Kentucky Derby, official prep races, and even a racehorse winning the Triple Crown. That is awarded to thoroughbreds that go on to win at Churchill Downs, then the Preakness Stakes at Pimlico, and Belmont Stakes at Belmont Park.

Everygame also has daily racing down with pari-mutuel odds available on all the main US tracks including harness races. There is also international action from countries where the sport of kings is popular.

Credit cards, cryptocurrencies such as Bitcoin, Ethereum, & Litecoin, and wire transfers allow you to fund your gambling. Bigger ranges of payment methods are available with other providers.

An FAQs section is the main form of customer support, meanwhile, with questions and answers on various topics. Live Chat is also available around the clock.

Choice of Kentucky Derby Bets

Until the final field is known, it’s just fixed odds win only Kentucky Derby betting available at Everygame. That is the same anywhere else.

Once that information comes out, though, the pari-mutuel wagers like Place, Show, Trifectas, and Exactas will be available.

Bonuses & Promos

Players can choose from a range of bonuses for crypto and card deposit deals, each with its own Everygame promo code used to unlock.

You’ll also find tailored promos from Everygame featuring recognized Kentucky Derby trials . For example, if your horse finishes second in the select races, then you can get a rebate.

4. MyBookie – Kentucky Derby Betting Lines Ahead of Time

 

Next up is MyBookie, who also offer fixed odds futures betting on the Kentucky Derby and its prep races. Supporting these are a wide range of pari-mutuel daily horse racing wagers available on all US tracks and key meets from around the world.

This again applies to top international thoroughbred and harness races from countries in the Far and the Middle East, South Africa, and across the pond in Europe.

Payment methods for deposits on MyBookie include credit and debit cards like MasterCard and Visa, prepaid cards, and a number of cryptocurrencies.

Joining Bitcoin are Ethereum, Litecoin, and Ripple. When you need help or questions answering, the help center contains all the essential customer support info too. MyBookie doesn’t have a live chat function, though.

Choice of Kentucky Derby Bets

In advance of the big one at Churchill Downs, it’s win-only fixed-odds futures betting available. Bettors aren’t guaranteed a run for their money.

When the Kentucky Derby draws near, however, pari-mutuel wagers will be accepted by MyBookie. These contain the standard Win, Place, and Show bets, plus the many exotic wagers.

Bonuses & Promos

There are plenty of bonuses on offer to new and existing customers each with their own MyBookie promo code you need to get them. Rollover requirements come with each.

For example, the 50% initial deposit up to $1,000 sign-up bonus for sports has a 10x playthrough attached. The casino deals have bigger rollover requirements.

Kentucky Derby betting fans should know about the 8% horse racing rebate deal on losing wagers at selected tracks and a 25% reload bonus up to $500 with a 5x playthrough needed.

5. BetNow – Good Odds on the Big Four

On top of futures fixed odds for major prep races, those betting the Kentucky Derby can also do it in advance through BetNow. That goes for the Kentucky Oaks too.

Pari-mutuel markets on daily horse racing action in the USA and beyond are also at your fingertips here. This is the typical mix of thoroughbred and harness races from around the world.

The FAQs and help center at BetNow are there for when you have questions or need guidance. Get in touch using a contact form, live chat, or phoning the BetNow  helpline. This is good customer support.

Payment methods at BetNow cover the standard options. Besides MasterCard and Visa debit and credits, Cryptocurrencies including Bitcoin, Ethereum, and Litecoin are available.

Choice of Kentucky Derby Bets

As with its competitors, the Kentucky Derby 2023 betting on futures odds is win only. On the big day at Churchill Downs, however, a Superfecta and other exotic wagers will be available.

Pari-mutuel betting pools open closer to the time of the race. That means popular bets like Place, Show, and Exacta aren’t available ahead of time like the fixed odds market.

Bonuses & Promos

A Kentucky Derby betting promo sure to interest horse racing fans is BetNow’s racebook promo code. There is also an occasional rebate on exotic wagers for all Churchill Downs races including the Kentucky Derby.

They provide other sign-up deals too with a sportsbook free bet and crypto rewards. Some of these require a BetNow promo code but others don’t.

Explore Our Expert-Written Sports Betting Guides

How to Sign up to a Kentucky Derby Betting Site

When signing up to one of our top offshore Kentucky Derby betting sites, just follow these simple steps:

Stage 1 – Join

There will be a “Join” or “Sign Up” button on the header of the website. Hit this to begin the process.

Stage 2 – Enter Personal Details

Fill out the registration form with credentials. These include your name, date of birth, email address, and cell number. You will also need to create a password and/or pin code for accessing your betting account.

Stage 3 – Choose a Payment Option

Now you need to fund your wagers. Select from popular payment methods such as cryptocurrencies, debit, or credit cards.

Stage 4 – Select a Bonus

Next, decide which sign-up bonus you want. For betting on Kentucky Derby, a racebook offer would be ideal. Not all sites have these, though.

Stage 5 – Enter a Promo Code

Promo codes may be needed to unlock the bonus offer you chose. Enter these if asked for them.

Stage 6 – Visit the Racebook

Most Kentucky Derby betting sites have a racebook platform for horse racing wagers. This is usually in the menu, so hit “Racebook”, “Racing”, or “Horses”.

Stage 7 – Place Your Kentucky Derby Bets

Find Churchill Downs on the Racebook and access all the pari-mutuel wagers on the Kentucky Derby. Pick the horse or horses you want to bet on and add them to the bet slip.

Enter your stake, the amount of money you want to bet. When you’re happy, confirm the wager, and best of luck! We detail plenty more guidance on how to bet on the Kentucky Derby, so keep reading to find out more.

Popular Types of Kentucky Derby Betting Markets

When betting with sportsbooks, they usually offer two different types of Kentucky Derby betting markets to bettors. Firstly, there are what they call Straight or Standard Wagers, and then there are also Exotic bets that are more complex.

Straight or Standard Wagers

A straight or standard wager is the simpler of the two types of bets. There are three different options for bettors at Kentucky Derby racebooks: Win, Place, and Show.

Win Bet

As simple as it gets with Kentucky Derby betting. A win wager is for the horse to finish first in the race.

Example: Medina Spirit to win the Kentucky Derby @ +1110

Place Bet

A place bet, meanwhile, is a wager on the horse to finish first or second in the race. It doesn’t matter where they finish, so long as it’s in the first two.

Example: Mandaloun to place in the Kentucky Derby @ +2200

Show Bet

With show bets, the wager is for the horse to “make the show”. That is a US racing term for finishing in the first three. It doesn’t matter whether the horse is first, second or third.

Example: Hot Rod Charlie to show in the Kentucky Derby @ +420

Double Bet

In celebration of the Kentucky Derby, a special double is often available on the winner of that and the winner of the Kentucky Oaks as one bet. Both named horses must win the races for the bet to payout.

Example: Malathaat to win the Kentucky Oaks & Mandaloun to win the Kentucky Derby @ +6625

Exotic Wagers

With exotics, things are more complicated. These wagers involve backing two or more horses in the same race. There may or may not be a specified finishing order. Exotic bets aren’t expressed with American odds but in the pari-mutuel dividend paid out.

Exacta Bet

The Exacta is where you back two horses to finish first and second in a specific order. If those picks don’t fill those spots as predicted, then the bet loses.

Example: Mandaloun to win the Kentucky Derby and Hot Rod Charlie to finish second in a $2 Exacta @ $503.60

Quinella Bet

A Quinella, meanwhile, is a bet for two horses to finish first and second in any order. It doesn’t matter which way round. The unit stake on Quinella bets doubles as it covers two permutations.

Example: Mandaloun and Hot Rod Charliein a $2 Kentucky Derby Quinella @ $503.60

Trifecta Bet

With the Trifecta, you’re looking for the first three horses home. A straight Trifecta is in a specific order, but you can also Box and Wheel this exotic wager so your bet covers more bases.

Example: Mandaloun, Hot Rod Charlie, and Essential Quality in a $0.50 Kentucky Derby betting Trifecta @ $848.45.

Superfecta Bet

A Superfecta is about finding the first, second, third, and fourth in the race. This level of exotic wager is extremely difficult to pull off with even pro handicappers having a hard time.

Example: Mandaloun, Hot Rod Charlie, Essential Quality, and O Besos in a $1 Kentucky Derby Superfecta @ $9,456.40.

Super Hi-Five Bet

And finally, the Super Hi-Five is the ultimate task for bettors. If you can bet on the first five horses in the right order, then you’ll hit the jackpot. This exotic wager is almost never pulled off.

Example: Mandaloun, Hot Rod Charlie, Essential Quality, O Besos, and Midnight Bourbon in a $1 Kentucky Derby Super Hi-Five @ $296,769.60.

Claim Kentucky Derby Betting Promo & Bonus Offers

All the top places to bet the Kentucky Derby have bonus deals, promos, and offers relating to the big race. Check out some of the most popular you’ll find out there:

Sign-Up Offer

All sportsbooks and Kentucky Derby betting sites reward you with something for joining them. Ideally, this is a racebook-specific sign-up bonus, but if not, there should at least be a sportsbook promo. These are often matched first deposits up to a certain amount and percentage.

There will be rollover requirements attached to these as well. You must play through the value of the deposit and bonus awarded X amount of times so that the funds can be withdrawn.

Free Bets

Also called Free Play, horse racing free bets give you the chance to wager without risking your cash balance. Pick a winner and you can be sure it’s pure profit.

The only downside with free bets is the stake isn’t returned with the winnings. So we recommend that you keep a lookout for free play opportunities on our recommended sites.

Horse Racing Rebates

Rebates are another common offer type with deals depending on the racetrack in question and the type of wager placed. As a general rule, there’s a higher percentage refund on losing exotic bets than straight ones.

Churchill Downs, is the home of the Kentucky Derby. It’s a racetrack where pari-mutuel bets qualify for rebates. However, you may have to play through the value of the awarded refund before it’s part of your cash balance.

2023 Kentucky Derby Betting Odds – The Favorites

See all the latest Kentucky Derby betting odds in the table below. All prices are in the American format from futures betting. Check out the Kentucky Derby 2023 early favorites right here:

 All prices quoted correct as of 09:00 EDT on Friday, May 5 2003.

All prices are a reflection of implied probability. For even more on Kentucky Derby odds, see our complete guide to betting on the run for the roses!

Key Trials Winners Ahead of the 2023 Kentucky Derby

The Kentucky Derby 2023 early favorites to win are horses that have won or have ran well in key trials for the races. These key trial races happen all across America, either in other states or within the Commonwealth of Kentucky at other racetracks.

Here are this year’s key trials winners that have punched their tickets to Churchill Downs. By winning one or more of these key trials, the horses become contenders overnight for the Kentucky Derby 2023:

5 Betting Tips for the Kentucky Derby 2023

Any good 2023 Kentucky Derby betting guide provides bettors with helpful betting tips and hints about finding the most probable winner of the big race! This advice can’t guarantee that you’ll pick the winning horse, but it most certainly does help you to make better choices when betting with your chosen Kentucky Derby sportsbook. Follow our top 5 Kentucky Derby betting tips when wagering today:

1. Follow the Trials

The above prep races and trials produce Kentucky Derby winners year in and year out. Checking the entries and past performances from these events before betting on the big one at Churchill Downs makes sense, then.

2. Look at Expert Picks

There are loads of handicapping experts out there giving their views on the Kentucky Derby, otherwise known as: The Run for the Roses. See the horses that these industry insiders go for in their Kentucky Derby betting picks as a guide to help you.

3. Claim a Bonus

If a site offers a Kentucky Derby betting promo, then take advantage of the sign-up bonus. If you’re an existing customer, then they will also have a reload bonus so you don’t miss out. We have made this a little bit easier for you, with handpicked sign-up bonuses, listed on our horse-racing betting guide. 

4. Consider Place & Show Bets

Everyone wants to back the winner, but you can also make a profit in other ways. Place bets and Show bets are also among Kentucky Derby betting payouts available with pari-mutuel wagers.

5. Check Horses’ Breeding

A thoroughbred racehorse’s pedigree can tell you a lot. It’s a smart Kentucky Derby betting strategy to look at this and see if their sire won over the race distance of 10 furlongs.

Past Kentucky Derby Winners

If you are looking for the past Kentucky Derby Winners, then look no further. The table below contains the 10 most recent winners and Kentucky Derby betting results. All of these horses won Kentucky Derby, The Run for the Roses over the past decade:

Kentucky Derby Stats – The History

The Kentucky Derby has a storied history dating back prior to its inaugural running in 1875. Here are some stats and facts you should know:

• Before 1896, the Kentucky Derby was run over 12 furlongs but adopted its current distance of 10 furlongs then
• Churchill Downs in Louisville is the racetrack where it’s held.
• Taking place on dirt, the Kentucky Derby course is a run down the home stretch and then a full lap of the roughly mile-round track.
• The total purse is $3,000,000 with first prize worth $1,860,000.
• Bob Baffert is tied on six as the winningest trainer in Kentucky Derby history.
• Secretariat holds the course record after winning in 1:59.4 in 1973.
• John Velazquez is the winningest active jockey with three victories in the race.
• The first horse past the post was disqualified in both 2019, Maximum Security, and 2021, Medina Spirit, albeit for different reasons.
• In 2020, the Kentucky Derby took place on the first Saturday in September rather than its usual first Saturday in May slot due to the global pandemic.
• As the first leg of the Triple Crown, 13 horses in history have gone on from Kentucky Derby success to win the Preakness Stakes and Belmont Stakes.
• American Pharoah (2015) and Justify (2018) are the only Triple Crown winners since 1978.

Best Kentucky Derby Betting App & Mobile Options

Mobile gambling is on the rise. The great news is that there are horse racing betting apps available for wagering on all the action. This is really convenient as bettors can bet on the go anywhere with an internet connection.
Whether you have an Android-powered smartphone or an iPhone from Apple, there are Kentucky Derby betting application you can use. These may even have mobile exclusive promos and bonuses on the big race.

Betting on the Kentucky Derby Near Me

There are either horse racing tracks or other off-track betting facilities (OTBs) in more than 40 US states. That means in most of mainland America, there is somewhere for Kentucky Derby 2023 betting in person.

Whether you want to bet on horse racing in Florida, Louisiana, Arkansas, or another state where official trials for the big race take place, chances are you can do it. This reflects a broader opening up of legalized gambling in America in recent years.

These obviously include Kentucky horse racing betting, the state in which the Derby not only takes place but also gets its name from. Churchill Downs is a top track but there are others in Bluegrass country too.

More on horse racing betting…

There is plenty of related content to Kentucky Derby betting you can check out on Basketball Insiders. Take a look at all of this:

• Kentucky Derby odds – Find the latest and best betting odds here
• How to bet on the Kentucky derby – All you need to know about how to bet on the big race.
• Kentucky Derby picks – Check out our expert picks for the race.
• Best racebooks – We show you the best offshore betting sites with Kentucky Derby in their racebooks
• Breeders’ Cup betting sites – Our complete guide to the World Championships
• Horse racing free bets – Pick up some free play on the horses
• Horse racing betting apps – Take your horse betting mobile with these apps
• Pari-mutuel betting – Understand pari-mutuel wagers and where they’re available
• Pool betting – Read our detailed guide to pool wagering
• Virtual horse racing – Discover where virtual horse betting is on offer
• Sports betting tax – Learn more about the taxes paid on your winnings

Best Betting Site for Kentucky Derby 2023

Your best bet for the Kentucky Derby is wagering on Bovada. They offer fixed odds futures betting on the key trials and the big race, plus there’s a horse racing rebate and reload bonus deals.

Bovada has pari-mutuel betting from all across the USA and countries overseas where wagering on horses is popular. They check the most boxes for Kentucky Derby online betting.

FAQs

What time does betting close for Kentucky Derby?

Betting closes at the scheduled Kentucky Derby post time when all horses are in the gate.

How does betting on the Kentucky Derby work?

Join or visit an offshore betting site to view the latest Kentucky Derby betting squares and odds. Deposit funds to your account and pick the horse you like. Add it to the betslip and enter your stake before confirming.

What is a Kentucky Derby future wager?

Kentucky Derby future odds are available before the final field is known. These are fixed odds bets rather than pari-mutuel wagers offered by betting sites in advance of the big race.

What is the date for the Kentucky Derby in 2023?

The Kentucky Derby 2023 takes place on Saturday, May 8.

Who is favored to win the Kentucky Derby this year?

Vegas odds for the Kentucky Derby 2023 have Forte as the early favorite in the futures betting market, ahead of Tapit Trice and Angel Of Empire.

When can you start betting on the Kentucky Derby?

Most top Kentucky Derby betting platforms will have a futures market several weeks or even months in advance.

Where is the Kentucky Derby 2023?

As ever, the Kentucky Derby 2023 will be run at Churchill Downs racetrack in Louisville, Kentucky

Can I do Kentucky Derby parlay betting?

Yes, parlay betting on the Kentucky Derby is available. You will need to combine your pick on that race with others, though. A popular parlay is the Kentucky Oaks and Kentucky Derby double.

What horses are running in the Kentucky Derby 2023?

The horses running haven’t been confirmed yet. A full Kentucky Derby betting sheet will be available when they are.