Online Kentucky Derby Betting
Betting on the Kentucky Derby is an American tradition, dating back decades, and bettors have been wagering on horses for far longer than that. Online Kentucky Derby betting is the latest way people engage in the most exciting two minutes in sports as it allows them to get in on the action from anywhere. The 2023 edition of the Kentucky Derby brings opportunity beyond measure for the discerning horse race bettor, and the biggest stage in horse racing is there for the taking. Betting fans can wager on the Derby in various forms, with futures betting and parimutuel betting taking the preeminent positions.
The fact that so many people bet on the Kentucky Derby online makes it a prime opportunity for profit, as the odds will be moving around a lot, giving bettors a good shot at spiking solid odds. This can be very helpful to sports bettors who are just getting used to horse racing. In addition, many of the best online Kentucky Derby racebooks are also online sportsbooks, meaning that sports bettors won’t even have to make new accounts to use them. There’s a lot of potential upside in Kentucky Derby wagering, so let’s take a look.
2023 Kentucky Derby – Odds To Win
Forte was the betting favorite for the 2023 Kentucky Derby but was scratched the morning of the race. Mage ended up finishing on top with +1700 morning odds and +1500 opening odds. Jockey Javier Castellano and trainer Gustavo Delgado both got their first Kentucky Derby wins. Gustavo and Mage made history as the jockey had previously been in the Derby 15 times with no win before 2023.
Online Racebooks For Kentucky Derby Betting
Since not everyone can head to Louisville, Kentucky, and bet at the legendary TwinSpires race track, online Kentucky Derby betting is the way to go. Bovada, BetOnline and MyBookie are the leading online horse betting sites in the US, as they have been offering odds on the Kentucky Derby for over a decade. These online betting sites offer future odds on for the Kentucky Derby winner, along with secure deposits and big bonuses for all new horse racing bettors.
America’s Favorite Racebook For Kentucky Derby Betting
Bovada is one of the best online sportsbooks in America, and is perhaps the most well known of all the online sportsbooks. They have a great website, with easy to find odds, and a lot of different ways to wager on the Kentucky Derby. In addition to their prowess at providing odds, they’re also great about bonuses, especially bonuses from the use of Cryptocurrency. If you use cryptocurrency at Bovada, you could be in line for big returns when you deposit for the first time, or reload your account. Make sure to check them out.
More Ways To Bet On The Kentucky Derby Than Anywhere Else
The premise of BetOnline is simple - they provide you with as many ways to bet online as possible. A website like this offers tons of different Kentucky Derby odds - how could they not? At BetOnline, you can wager on futures odds, specific finish odds, and more, with some of the most generous odds around. BetOnline is widely known for having a smaller vig than other sportsbooks when it comes to futures betting, so they’re definitely worth taking seriously as a competitor in this area, especially if you want to wager on a specific horse to win the Kentucky Derby.
Best Prices For Kentucky Derby Odds
MyBookie is a great online sportsbook, and they’re known for having an easy-to-use website as well as for providing great odds and lines. This makes them a prime candidate for those who wish to wager on the Kentucky Derby all over the United States. MyBookie is available across the country, and provides odds to thousands of different bettors. They have solid signup and reload bonuses - albeit biased towards those that use cryptocurrency - and they provide excellent prop betting opportunities across sports. Overall, they’re a unique sportsbook product, and equally as a line shopping sportsbook and as a primary means of betting on the Kentucky Derby.
Signing Up For A Kentcucky Derby Betting Site
It takes less than five minutes to sign up at all of the best online betting sites in the US that can all be used to bet on the Kentucky Derby. After picking the perfect betting site, follow the steps below to get started:
- Click “Join Now”
- Enter personal info (full name, email, phone number, DOB, zip code)
- Create a password and verify the new horse betting account
- Once activated, choose your deposit method
- Choose a deposit bonus for the deposit (if desired)
- Confirm the transaction and start placing Kentucky Derby wagers
Mobile Betting On The Kentucky Derby
You have the luxury of betting on the Kentucky Derby from anywhere you are whether it's at the race itself to avoid waiting in lines, at your home, or at a bar. That is thanks to the mobile betting devices that are available and compatible with the online betting sites. While these sites do not have downloadable applications for you, to access them you just need to enter the URL on the web browser on the site and log in like normal. Some of the betting devices used to bet on the Kentucky Derby include:
- Samsung Galaxy
- Google Pixel
- LG Wing
Deposit Methods For Betting On The Kentucky Derby
Funding your online betting site to bet on the Kentucky Derby comes very easy, with many different financial methods to choose from. The most popular online betting deposit methods do not have any fees and will hit your account instantly. Bitcoin Racebooks have no fees, while credit/debit card betting deposits will have fees that range from 0-15.9%. No matter which deposit method is chosen, all of the methods below are secure and will help kickstart all Kentucky Derby betting in the US.
- Credit/Debit Card (VISA, MasterCard, AMEX, Discover)
- MatchPay (Venmo, Zelle, CashApp, etc.)
- Wire Transfer
- Money Order
How Can You Withdrawal After Betting On The Kentucky Derby?
After cashing your Kentucky Derby bets, you’ll want to choose one of the fastest betting withdrawal methods to recieive the winning funds. Luckily for you, you have plenty to choose from, however, credit and debit cards are not one of those withdrawal methods. You’ll need to choose another online banking method to collect your winnings. You will need to follow the same guidelines when withdrawing as well including fees and processing times that can vary based on which you choose and the betting site you are using.
- Money Order
- Wire Transfer
Betting On The Kentucky Derby With Cryptocurrency
Cryptocurrency sportsbooks have quickly become a popular spot for betting on the Kentucky Derby. The benefits of being able to bet with crypto are that they are quick and free to make transactions with. The only thing that you really need to know though is that when you are withdrawing with crypto, you are only able to do so if you made your first deposit of the transaction with crypto. Some of the available cryptos that you’ll be able to bet with are:
Past Kentucky Derby Winners
While betting on the Kentucky Derby is a popular bet to make, it should not be mistaken that these horses are some of the top racehorses in the world. That said, no horse should be counted out no matter where their opening odds are. There have been plenty of horses over the years that have won the Derby with extremely long odds including Country House in 2019 who had +6500 odds and in 2022 with Rich Strike who won with the longest odds in Kentucky Derby history, and Mage at +1800 odds during the 2023 event.
|2012||I'll Have Another||+1400|
|2009||Mine That Bird||+4900|
|1994||Go for Gin||+810|
|1992||Lil E. Tee||+1580|
|1991||Strike the Gold||+380|
|1985||Spend a Buck||+310|
|1982||Gato Del Sol||+2020|
Can I Legally Bet On The 2023 Kentucky Derby Online?
Yes, you can. Many states have state-regulated options for Kentucky Derby betting, with platforms such as TVG and Twinspires famously providing Kentucky Derby betting odds across the country. For states that do not have those providers, online Kentucky Derby betting still exists via the aforementioned online racebooks. These online wagering sites are operated outside of the country, and are thus outside of the jurisdiction of the United States, allowing them to provide odds on sporting events across the globe. Websites in this category include Bovada, MyBookie, and BetOnline - reputable, licensed sportsbooks and racebooks that offer great odds.