Legal Kentucky Derby Betting

Legal Kentucky Derby betting has long served to be the most high-stakes event for horse racing fans and pari-mutuel bettors across the world. Legendary horses have participated in this event and the potential profitability of this race alone attracts bettors who wouldn’t normally tune in to watch the ponies. Even though legalized sports betting has begun to spread across the country, gambling on horses has stood the test of time, with many states hosting their own racetracks with simulcast wagering opportunities for their guests. However, most of these tracks require you to attend them in order to bet on the race and booking a trip to Churchill Downs to watch the event in Kentucky may prove to be too costly.

Thankfully, betting on this leg of the Triple Crown online provides a safe and legal way to still be a part of the action. Online racebooks will keep up with all of the latest odds and offer wagering types such as straight bets and will even offer exotic bets such as perfectas, trifectas, and superfectas. While many of the best online racebooks operate outside of the US, there are also horse race betting websites that operate domestically as well, giving bettors a plethora of options for legal Kentucky Derby betting. We’ll go over the legality of betting on this race, as well as discuss what the current odds for the 2020 Kentucky Derby are and explain what each major wagering type means.

2020 Kentucky Derby Quick Facts

Date: Saturday, September 5, 2020

Post Time: 6:50pm EST

Purse: $3,000,000 1st place: $1.86M

Favorite: Charlatan +500

Betting On The Kentucky Derby

Betting on the Kentucky Derby has a long and storied tradition. Founded by Colonel Meriwether Lewis Clark Jr., grandson of William Clark of the famous Lewis and Clark Expedition, the race has been held on the first Saturday of May since the year 1875. It is the first leg of what’s known as the Triple Crown. The other two races as part of the Triple Crown are the Preakness and Belmont Stakes, however, the Kentucky Derby usually boasts the highest attendance every year. And while the event is kicked-off with the Kentucky Derby festival which lasts two weeks, the race itself tends to last only two minutes. Most people who attend are betting on the Kentucky Derby through either a straight bet or an exotic bet, both of which can pay out in high amounts. To add to this, in order to join these bettors, you don’t have to wager that much and you don’t have to be that old. Wagers can be made for as little as one dollar through online offshore racebooks, and the legal age to bet on horses in most states is only 18.

Is It Legal To Bet On The Kentucky Derby?

Yes, and depending on where you live, the avenues to legal Kentucky Derby betting may differ. For states with horse wagering officially on the books, most residents will have to go to their local horse racing track where they will provide simulcast racing betting. There are also states that will permit you to use online racebooks that operate from within the US. However, there are certain states such as that have neither of these two options. That doesn’t mean that residents of those states don’t like to bet on the ponies. If you happen to fall in that predicament you should know that there is one avenue you can take that is legal across the US and that is to simply use an online offshore betting site. These websites fall outside of both state and federal jurisdiction and offer all the latest odds for horse races year-round. These are by far the safest option for placing a wager on the Kentucky Derby if you are not sure of your state’s horse racing laws.

Current Odds For The 2020 Kentucky Derby

kentucky-derby-2020The 146th running of the 2020 Kentucky Derby is finally approaching after the coronavirus pandemic caused it to be postponed. The Derby will still take place in Louisville, Kentucky at ChurchillDown though it is the first time in the history of the race that it will take place in September. The Derby is normally the first race of the Triple Crown but this year it is the second leg and over two months after the first leg which was the Belmont Stakes. The odds for the race have been out on the race for a while and Tiz The Law has always been at the top of the list. The horse has continued to make a case for his chances of winning by winning the Belmont Stakes in June and most recently the Travers Stakes. As the race has gotten closer Tiz The Law has become more and more of the outright favorite. But with the race looking and operating very differently than in the past, nobody can be too sure how it will turn out.​

  • (17) Tiz The Law -110
  • (18)Authentic +800
  • (16)Honor A.P. +1000
  • (15)NY Traffic +2000
  • (10)Thousand Words +2000
  • (6)King Guillermo +2500
  • (2)Max Player +2500
  • (7)Money Moves +3000
  • (12)Sole Volante +3300
  • (3)Enforceable +4000
  • (13)Attachment Rate +5000
  • (8)South Bend +5000
  • (11) Necker Island +5000
  • (9)Mr. Big News +5000
  • (5)Major Fed +5000
  • (4)Storm The Court +5000
  • (1)Finnick The Fierce +6600
  • (14)Winning Impression +10000

How Will Coronavirus Affect The 2020 Kentucky Derby?

After a recent rash of event delays, suspensions and cancellations, many people are concerned about the future of the 2020 Kentucky Derby. The good news for fans is that the Kentucky Derby is not scheduled until May. Most organizing bodies seem to be estimating a return to competition in early-to-mid April, so there is a good chance that the Derby will be unaffected by the outbreak. Still, be sure to monitor national news updates because the situation is fluid and changes by the hour.

2020 Kentucky Derby Props

2020 Kentucky Derby prop betting is a little different than betting on the race. Prop bets involve the sportsbook making predictions on certain actions happening at the Kentucky Derby. An example of a prop bet could be who will the winner thank first after the race? Props could be the horse for +115, God+365, or anyone else. There are also prop bets on celebrities attending the race. If a racebook has will Kanye West attend the Kentucky Derby? You can bet on that action. Prop bets are designed to bring in a little extra fun to betting on the races. We definitely recommend you give them a try.

How Will Coronavirus Affect The 2020 Kentucky Derby?

With the growing push for social distancing amid the coronavirus threat, the Kentucky Derby has delayed its event from May 2 to September 5. The big race will take place in the same venue, just on the later date in hopes to take place after things settle down from COVID-19. This joins a long list of sporting events that have been delayed, suspended, or outright canceled due to the global pandemic. For now, only a delay has effected the Kentucky Derby so fans can still look forward to the race taking place.

Kentucky Derby Horse Bet Types

While many people who plan on tuning into the race this year are familiar with how the different wagering types work, first-time viewers may get confused on how to bet on the 2020 Kentucky Derby. This is why we’ve broken down the most popular forms of pari-mutuel wagers below into either straight bets or exotic bets. These Kentucky Derby Horse bet types will be available whether you’re at Churchill Downs watching the ponies live or using a third-party betting service.

Straight bets

Win – This is arguably the simplest type of bet. You’re simply selecting which horse will finish in first place. These will pay the highest amount of all the different straight bets.

Place – If the horse you choose finishes in either first place or second place you’d be able to cash in on this bet.

Show – If you choose a horse and it finished in either first, second, or third, you’d have a winning bet. Because this type of bet is easier to hit then the other straight bets, the payouts will be lower.

Across The Board – This is a bit of a combination of all three straight bets. With a bet across the board, if the horse you choose finishes in first then you win all three bets. If your horse gets second place then you’ll win on both the place and show bet. And if your horse gets in third place then you’ll simply win the show bet.

Exotics

Exacta – In this case, you will be betting on two horses within a single race. If they place in first an second in the exact order you chose them then you’ll win the bet.

Trifecta – This is very similar to the exacta bet except with this you would have to bet on three horses and they would have to place first, second, and third in exact order.

Superfecta – This is only adding to the previous two exotic bets. You’d have to pick four horses and they would have to place first, second, third, and fourth in exact order. This is one of the most profitable wagering types.

Pick 3 – This is simply an addition to the daily double. If you choose a horse and they finish first on three consecutive races then you’d win the bet. You’d have to place the bet before the first race.

2020 Kentucky Derby Post Time

While there are 14 races scheduled at Churchill Downs on Derby Day, the most important race is obviously the Kentucky Derby itself.  At the moment of this writing, it is a bit too early to know when post time is going to be for the 2020 Kentucky Derby. But because this is such a historical race, we can look at how things were last year and figure out the times. On Saturday, the first race of the day will be from around 10am to 11pm. This is the first race of the day and races start early. The following races commencing just about every half-hour after that. The Kentucky Derby will be the 12th race run, and the horses will be in their paddocks and ready to go somewhere between 6:30pm and 7:30 pm. Make sure your wagers are in before that, of course, as there’s no live betting on the Derby, and the whole amazing thing will be over in about two minutes.

2020 Kentucky Derby Purse

Although the 2020 Kentucky Derby purse can change, we know what the purse is right now. The purse at the time of this writing is $2 million. However, there is a slight chance that the purse can increase. During the 2019 Kentucky Derby, the purse was $3 million. If Churchill Downs has good business before the 2020 Kentucky Derby, the purse could potentially grow to $3 million or maybe even more. For now, the purse is set to $2 million which has been the traditional purse size within the last decade.

Past Kentucky Derby Winners

American PharaohPast Kentucky Derby winners ultimately cement their name into the history of the sport. After their career is over, they are highly sought out for breeding because of their championship pedigree. During the 1970s there were three horses that won the Kentucky Derby and then ultimately went on to win the Triple crown including Affirmed in 1978, Seattle Slew in 1977, and the famous Secretariat in 1973. Over 35 years had to pass before American Pharaoh was able to achieve that same success in 2015. And even more recently, last year saw the likes of Justify, who was able to complete the Kentucky Derby in two minutes and four seconds before going on to win the next two legs of the Triple Crown. During the 2019 Kentucky Derby, many controversies and horse scratches made it impossible for a Triple Crown winner to happen. Horse fans are hoping that the 2020 Kentucky Derby will give horse racing a clean slate and help us get another potential Triple Crown winner.