How Can You Place A Bet On The Kentucky Derby

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The Kentucky Derby is finally here, and so are the betting options.

COVID-19 forced the race to move from its usual May running to a September showing. Before 2020, the Kentucky Derby ran uninterrupted for 144 years.

The three-year-old thoroughbreds will be hitting the track this Saturday, Sept. 5. Post time for the race is at 7:01 p.m.

NBC will broadcast the race live, and will be streaming it live on its website and the NBC Sports app.

How Can You Place A Bet On The Kentucky Derby

There will be no fans in attendance at the race.

Regardless of no in-person action, betting on the race from home is still a great option.

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Kentucky Derby odds

Kentucky Derby betting in Indiana is easy.

Thankfully, Hoosiers can use either TVG or BetAmerica to place their wagers on the race. Since they’re two of the bigger online operators for horse racing, they’re both easy to use, even if you’re new to horse betting.

Bettors can place their wagers on these sites using advanced deposit wagering (ADW).

TVG is a trusted name in gambling. In addition to wagering, it offers great content and information from industry experts. The site also has handicapping from the professionals, and can be used to stream various horse races.

How Can I Place A Bet On The Kentucky Derby

TVG also has plenty of deposit methods on the site, as well as promotions and welcome offers. Best casino bingo and slots.

If online betting isn’t your thing, you can also bet in-person at any of the Winners Circle locations in Indianapolis, New Haven or Clarksville.

Here’s a look at the full list of 2020 Kentucky Derby odds, ranked by post positions:

  1. Finnick the Fierce: scratch
  2. Max Player: 30-1
  3. Enforceable: 30-1
  4. Storm the Court: 50-1
  5. Major Fed: 50-1
  6. King Guillermo: scratch
  7. Money Moves: 30-1
  8. South Bend: 50-1
  9. Mr. Big News: 50-1
  10. Thousand Words: 15-1
  11. Necker Island: 50-1
  12. Sole Volante: 30-1
  13. Attachment Rate: 50-1
  14. Winning Impression: 50-1
  15. NY Traffic: 20-1
  16. Honor A.P.: 5-1
  17. Tiz the Law: 3-5
  18. Authentic: 8-1

How to bet on the Kentucky Derby

Never bet on horse racing before? No problem! Here’s a quick explanation of how it works:

The hundred-point club

Ever since the current scoring system started in 2013, all of the Kentucky Derby’s winners have earned at least 100 qualifying points heading into the race.

However, there is one exception.

Country House won back in 2019, after Maximum Securitywas disqualified from the race. Country House had less than 100 points, but that race was one-in-a-million in terms of the disqualification.

Heading into the 2020 Derby, only four horses are in the hundred-point club. NY Traffic, Honor A.P., Authentic and Tiz the Law have hit that benchmark.

Tiz the Law has an insane 372 points, making him the heavy 3-5 favorite for the race. Authentic has the next highest point total, although he’s far behind at 200 points.

A huge chunk of those 372 points came from Tiz the Law’s landslide win at the Belmont Stakes back in June.

Tiz the Law is gunning for a sweep in all three races of the Triple Crown. With a Belmont win under his belt, the Kentucky Derby is now in the crosshairs.

Promotions for the race

Now is a great time to get in on the Kentucky Derby betting action, even if you’re new to the horse racing world.

Right now, TVG is offering a special Kentucky Derby promotion that’s aimed at new users.

How Can You Place A Bet On The Kentucky Derby

Once you sign up for TVG, you’ll snag a $200 risk-free bet on the Derby.

The site is also running a money-back special for Derby day.

Basically, if the horse you bet on comes in second or third in their race, then you get your money back. That promo is available for the following races on Saturday:

  • Race 3
  • Race 4
  • Race 5
  • Race 6
  • Race 7
  • Race 14

At least for now, BetAmerica doesn’t have any promotions up for the Kentucky Derby.

However, that might change come race day. Check in with both TVG and BetAmerica’s websites for the most up-to-date list of options.

DraftKings, PointsBet Kentucky Derby

Even though DraftKings and PointsBet don’t offer odds on the race itself, they’ve both found a way to get involved with the Kentucky Derby.

DraftKings is offering a free-to-play race pool on both its sportsbook and daily fantasy sites.

Since it’s the 146th running of the Derby, there’s $146,000 up for grabs.

First things first; to take advantage of the promotion, you’ll have to sign up for DraftKings.

Next up, navigate over to the “pools” section of DraftKings’ website. Once you’re there, just click on “The Big Race” pool to get started.

To finish your free entry, you’ll have to make a handful of predictions about the Derby.

Which horse will finish in first place? What will the winner’s post position be? In total, there are eight questions that you’ll need to answer.

First place in the pool will win the grand prize of $14,600, with second place taking home $5,000. DraftKings will be paying out at least $5 to the top 5,660 players, so there’s a decent chance you come away with something if you participate.

PointsBet’s Kentucky Derby promo is focused on new users.

All you need to do is sign up here, and then place a bet on anything.

Once you place your first cash bet, PointsBet will give you $150 in free bets if Tiz the Law wins the Kentucky Derby.

Since Tiz the Law is the heavy favorite for the race, this promo is a great way to get started with PointsBet if you don’t already have an account.

This year’s Derby is sure to be one to remember given the unique circumstances, and betting on the race is a great way to enhance the viewing experience.

  • FILE - In this May 2, 2015, file photo, a man places a bet before the 141st running of the Kentucky Derby horse race at Churchill Downs, in Louisville, Ky. Picking a horse to win the Kentucky Derby is easy. Hoping that choice wins and pays off with a profit is the challenge.(AP Photo/Jeff Roberson, File)

LOUISVILLE, Ky. — Picking a horse to win the Kentucky Derby is easy.

Placing a bet is as close as a cellphone, tablet, computer or even a smart TV with internet access. But for the novice or inexperienced bettor, making a wager that pays off with a profit can be a challenge: Beginners need to know how to place a bet, who to bet on and where to place the bet.

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Off-track simulcasting in more than two dozen states offers a convenient alternative to going to the track. Of course, there’s always the actual experience of walking up to the betting window at the track.

That’s a good option if you can’t get to Churchill Downs, where 150,000 spectators are expected for Saturday’s 145th Derby and hoping to get some action on Game Winner, the 9-2 new morning line favorite after 4-1 previous favorite Omaha Beach was scratched Wednesday evening with a breathing problem.

Minimum bets vary from state to state, but here are some things to consider when placing a wager:

THE BASICS

The obvious wager is betting on a horse to win. Just pick one. But after that, it can get a little trickier.

Bets can be made on a horse to win, place (finish first or second) or show (finish first, second or third) — or all three with an across-the-board wager. An exacta involves correctly picking the first two horses in order, or in any order with a combination known as a box bet (1-2 or 2-1, for example).

Superfecta bets (picking the first four horses) are also available, as are exotic wagers such as Pick 3 and Pick 6 that requires choosing the winning horses in multiple races. A Pick 3 and a Pick 6 are the hardest to predict, leading to rollover jackpots that can be very lucrative. But they probably are best left to more seasoned bettors.

DO YOUR HOMEWORK

Determining who to bet on can start with a daily racing program that lists entrants for each race and information including odds, jockey, trainer, silks, saddle towel color and past performances. They can be purchased at the track, simulcast venue or a track’s website.

It will initially seem like a lot of numbers and statistics, but tracks and web sites offer instructions on how to read and understand a program. One benefit to being at the track is seeing how the horse looks in the paddock or during the pre-race parade. Appearance and temperament are important, so keep an eye on horse’s ears to see how engaged the horse is with the atmosphere.

And there’s nothing wrong with playing a hunch, since after all, it’s just a gamble.

ONLINE BETTING

After learning what to bet and who to bet on, the next step is placing the bet.

Numerous websites such as TwinSpires.com — Churchill Downs’ online service — Equibase.com and TVG.com offer betting at racetracks worldwide. Wagering is free, but it will require setting up a subscription and require banking information to place bets and deposit winnings. Those services even provide live streaming and replays.

Various online sites offer betting tips along with news and updates. It’s the most convenient way to bet on marquee races such as the Kentucky Derby, Preakness and Belmont Stakes as the Triple Crown season unfolds. It’s also a good option for other marquee races during the year such as the Travers Stakes and season-ending Breeders’ Cup World Championships.

PARI-MUTUEL BETTING-SPORTS BETTING

When wagering, the longer the odds the bigger the payoff.

In horse racing, the odds are not finalized until the race begins. That is known as pari-mutuel betting. That’s different than sports betting in which bettors get the odds that are available at the time they make their bet.

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New Jersey tracks also offer exchange wagering for horse races, which differs from pari-mutuel betting. Exchange wagering matches and locks in the odds at the time a bet is placed and also allows betting during the race.

And while sports betting expanded in several states last year after the U.S. Supreme Court ruled that states could legalize sports gambling, it does not include horse racing. Even in most states that have legalized sports betting, placing a bet on horse racing is limited to the tracks as the sport examines how to compete and benefit from new legislation.