How to Bet on the 2024 Kentucky Derby

The 2024 Kentucky Derby is fast approaching, promising excitement both on and off the track. Whether you’re experienced with betting on horse racing or a newcomer to the sport, understanding the various betting options available can enhance your Derby experience.

Here’s everything you need to know about betting on the 150th Kentucky Derby.

How to Bet on the 2024 Kentucky Derby

Types of Bets Available

1. Win: Simply pick one horse to win the race.
2. Place: Bet on a horse to finish first or second.
3. Show: Bet on a horse to finish in the top three.
4. Exacta: Select the first and second-place horses in the correct order.
5. Trifecta: Choose the top three finishers in the correct order.
6. Superfecta: Predict the first four finishers in the correct order.
7. Boxed Bets: Allows multiple horses to finish in any order for exacta, trifecta, or superfecta bets.
8. Daily Double: Predict the winners of two consecutive races.
9. Future Wager: Place a bet on a horse prior to the race, with odds potentially changing closer to race day.

Understanding Betting Odds

Fractional and decimal odds are used to represent the likelihood of a horse winning. Fractional odds show the potential payout, while decimal odds indicate the total payout.

Strategies for Picking Winning Horses

1. Research: Study a horse’s history, performance, and statistics to gauge its potential.
2. Check Odds: Analyze betting odds to determine each horse’s likelihood of winning.
3. Locate Top Jockeys: Experienced jockeys can significantly influence a horse’s performance.

Choosing a Betting Platform

For an optimal betting experience on the Kentucky Derby, select an online sportsbook with competitive odds, multiple betting options, and a user-friendly interface.

How to Watch the 2024 Kentucky Derby

Date: May 4
Time: Official race time is 6:57 p.m. EST. Coverage begins at 2:30 p.m. EST
TV: NBC
Streaming: Peacock, YouTube TV, fubo

With this comprehensive guide, you’re well-equipped to navigate the world of betting on the 2024 Kentucky Derby. Good luck, and may the horses bring you fortune!