Your Guide On How To Bet On The Kentucky Derby 2020 - menuCategories
The Kentucky Derby
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Louisville, Kentucky, Churchill Downs.
Tiz the Law
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Tiz the Law
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The Kentucky Derby Live Odds
HorseKristufek’s Odds*DeRosa’s Odds**
Tiz the Law8-53-2
Art Collector5-15-1
Honor A. P.9-212-1
Ny Traffic30-140-1
King Guillermo20-150-1
Thousand Words20-150-1
Dr Post20-1 (could defect)
Max Player30-125-1
Swiss Skydiver (f)10-1 (KY Oaks)
Rushie50-1 (Pat Day)100-1
Major Fed50-140-1
Storm the Court50-140-1
Attachment Rate50-1 (Pat Day)60-1
Sole Volante30-1100-1
Finnick the Fierce50-1100-1
Winning Impression50-1700-1
Necker Island50-150-1
Shirl’s Speight50-160-1
Money Moves30-1 (bypass)60-1

Above is a chart of current Kentucky Derby leaders in order of point totals. These runners are the most likely horses to earn a starting spot. Return here Derby week for the official morning line odds of the Kentucky Derby!

*Joe Kristufek has taken a look at the current top 20 Kentucky Derby points leaders and formulated a scenario of what the betting public will likely see as odds for each horse in the Run for the Roses. These odds total to 100 when added together, thus a realistic look at Derby contender odds potential.

**Ed DeRosa has taken the approach of fair line or fair value odds. With looking at each horse in early June’s top 20 leading Kentucky Derby point earners, Ed has applied odds of honest value. His expert opinion, in tandem with what the betting public should view each contender odds as, explains what each contender is worth or should be considered valued at as betting interests.

2020 Final Odds for Kentucky Derby Prep Race Winners

HorseRaceML OddsFinal Odds
Dennis’ MomentIroquois S.9-52-5
Eight RingsAmerican Pharoah S.9-56-5
Tiz the LawChampagne S.5-27-5
MaxfieldBreeders’ Futurity12-16-1
Storm the CourtBreeders’ Cup Juvenile20-145-1
Silver ProspectorKentucky Jockey Club8-17-1
ShotskiRemsen S.15-18-1
Thousand WordsLos Alamitos Futurity8-58-5
ShopliftedSpringboard Mile5-14-1
Independence HallJerome S.1-51-9
AuthenticSham S.8-56-5
EnforceableLecomte S.15-16-1
Thousand WordsRobert B. Lewis S.4-53-5
Max PlayerWithers S.9-25-1
Tiz the LawHoly Bull S.3-56-5
Sole VolanteSam F. Davis8-15-1
Azul CoastEl Camino Real Derby2-16-5
ModernistRisen Star S. II8-112-1
Mr. MonomoyRisen Star S. I6-17-1
Silver ProspectorSouthwest S.9-29-2
Ete IndienFountain of Youth S.8-13-1
Mischevous AlexGotham S.3-18-5
AuthenticSan Felipe S.6-56-5
King GuillermoTampa Bay Derby15-149-1
NadalRebel Stakes5-24-5
Field PassJeff Ruby Steaks7-27-2
Wells BayouLouisiana Derby8-13-1
Tiz the LawFlorida Derby6-57-5
CharlatanArkansas Derby div. I1-12-5
NadalArkansas Derby div. II5-24-5

How To Bet On The Kentucky Derby

Often regarded as the fastest two minutes in sports, the Kentucky Derby is one of the most prized horse racing events. It is also a time where bourbon is a heavy favorite to drink, but I guess if you win a lot of money betting on horses, you can relax a little too. 

Kentucky Derby hats are another icon of the event. Either way, the event is an American icon and has wonderful betting opportunities should you seek them out. 

Top Tips For Kentucky Derby Betting

When making a strategy for the Kentucky Derby, it would help if you had some tips to get you going. As such, your strategy might differ from another person, but as long as you win bets, it does not matter. 

The top tips for Kentucky Derby betting are:

  • How to place bets
  • Reading the odds
  • Types of bets
  • Money management

How To Place Bets

When placing a bet online for the Kentucky Derby, you are going to need a sportsbook. You will need one that offers great payouts, convenient for you, and is one that you trust. 

When placing a bet on a horse, it is actually quite easy to navigate through a sportsbook. Most of them will have a guideline like this:

  • Register or log in
  • Choose the track, Churchill Downs
  • Choose the race, Kentucky Derby
  • Choose your horse
  • Choose your wagering amount 

This is a simplified version of the steps needed, but they will generally look like that. It gets more in-depth with the betting opportunities later down the road. 

Reading the Odds

When looking up horses to bet on, you will see a lot of them with fractions next to their names. For example, let us look at the following:

  • Wild Stallion: 5/1
  • Angry Hoof: 11/2

Say you have those two horses in mind. Wild Stallion will pay out four times for every one time you wager on it. As for Angry Hoof, it will pay out 11 times for every two wagers you put on it. 

Types of Bets

There are more than just one way to bet on the Kentucky Derby than the traditional outright winner. If you are new to this, you might want to stick to a simple winner pick for now, but if you are ready, let us look at more options. 

Straight Bets

  • Win Bets: Choose the horse you think will cross the finish line first
  • Place: Pick who you think will be second 
  • Show: Choose the third-place horse 

Exotic Bets

  • Exacta: Picking the first and second place horse in that order
  • Exacta Box: Picking horses to come in first and second place in either order
  • Trifecta: Choosing the first three finishers in a single race in that specific order
  • Trifecta Box: Picking the first three finishers to finish in any order
  • Trifecta Key: Picking three horses total but choosing one to win and the others to come in second or third place
  • Superfecta: Picking the order of the first four finishers in one race in that specific order
  • Superfecta Box: Picking four horses to finish top four; order does not matter
  • Superfecta Key: Picking four finishers, but choosing one to win and the other three to finish in whatever order 

As you can see, there are multiple ways you can find a method to betting on the Kentucky Derby. As such, you can try to play around with your options once you have a strategy in mind. 

Money Management 

If you enjoy watching the Kentucky Derby as much as you do betting on it, it is possible to get carried away and not pay attention to your money. One of the best tips to remember is to keep an eye on your money. 

You do not want to bet the farm on a horse, but maybe just a little bit. You need to make sure the risks you take are ones that are comfortable for you and your money. 

Kentucky Derby FAQ

When is this year's Kentucky Derby?

The event has been moved to Sept. 5, 2020. Usually, the event is held in May on the first Saturday every year. The event is still being held in Louisville, Ky., at Churchill Downs.

How many horses should I bet on?

This is ultimately up to you and what type of bet you choose. As noted above, you have a plethora of options to select.

You can look up odds for certain horses and their payouts to determine if you think it is a good idea to spread the risk around instead of betting on one horse.

How many horses are there to choose from?

Usually, there are 20 different horses to choose from. So, you would have to narrow it down to a select few if you wanted to find the best ones to place your bets on.

Do the jockeys matter?

Absolutely, the jockeys matter. They control the horse to some degree, and they have to know what they are doing. It would be a good idea to look up the history of the jockey also to see how they have done in the past.

Best Bookies

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