How Does Betting Work At The Kentucky Derby

It’s Kentucky Derby week! The Derby captures the imagination of Americans across the country and betting on the race is part of the culture. In a typical year the Kentucky Derby gets the second most betting action of single day betting events, next to only the Super Bowl. With California being one of the hotbeds for horse race betting in the country a good portion of these bets come from California residents.

This years Kentucky Derby will have some major differences from Derby’s of the past due to the pandemic. The 2020 Kentucky Derby is set to take place on September 5th, instead of the usual running date of the first Saturday of May. This postponement also cause the Kentucky Derby to become the second leg of the Triple Crown after the Belmont Stakes ran on its usual date in June. Tiz the Law won the Belmont Stakes and is now the only horse with a shot at the 2020 Triple Crown heading into the Derby.

• Well, the Kentucky Derby is where it’s at and you can bet on it from just about anywhere on Saturday, Sept. A Betting Extravaganza Unlike Any Other. If you’d taken that same $5 and bet it on last year’s Kentucky Derby winner Country House, you would’ve collected $331. Sure, longshots like Country House don’t win every year, but.
• To earn a spot in the starting gate, they must travel along the Road to the Kentucky Derby, a series of designated races at tracks across the country and around the world. Points are awarded to the top four finishers in each race. The 20 horses with the most points will earn a.

Since horse racing betting is legal in the state, you will find Kentucky Derby betting options at many of the state’s race courses. You will also be able to place wagers at off-track betting locations as well as at legally operating online sites. Put the names of every Kentucky Derby horse in a hat and take turns drawing names until every horse has been selected. If everyone bets a small amount on their chosen runner (s), you can guarantee someone will experience the satisfaction of winning a Derby wager.

On this page you will find the betting site we recommend for Californians looking to bet on the Kentucky Derby online and the various ways you can bet on the race from California (online sportsbooks vs racetrack simulcast betting). I’ve also included a straight forward 3 step guide to help you get your 2020 Kentucky Derby bets placed online within minutes from anywhere in the State.

Best Online Sportsbook For Californians

BetOnline is our top rated betting site for Californians looking to bet on the Kentucky Derby.

They offer new players a free $25 bet on the Kentucky Derby, in addition to 7% daily horse racing rebates and a sign up bonus of up to $1000. Check out our review for a full breakdown.

Kentucky Derby Betting in California

In addition to betting online through BetOnline.ag, you can also place off track bets at any of the big racetracks in California such as Del Mar or Santa Anita Park. These tracks will often have special events on Derby Day and the Kentucky Derby simulcast viewing areas will often be packed with horse racing fans with action on the race. Check out our California sports betting section for a further breakdown of the top tracks in all of the big cities in the State.

Like I said above, you don’t need to head to the local track to place your bet. BetOnline pays out up to $100,000 in winnings on each Kentucky Derby wager and you can quickly and easily place your bets in just minutes, while watching the race from the comfort of your own home.

How To Bet On Kentucky Derby From California – 3 Step Guide

Follow this 3 step guide to get your Kentucky Derby bets placed online in under 5 minutes.

Step 1. Open An Account With BetOnline.ag

BetOnline is our top rated betting site for California residents. They accept players from around the world, but their main focus is on providing the best betting service to their American customers. The bet offerings, customer service and deposit/payout options are all geared towards their American client base.

Click here to visit BetOnline.ag. Then fill out the short form on the homepage to open your account.

Step 2. Deposit

BetOnline accepts Visa, MasterCard, American Express, bitcoin, Skrill, Neteller and more for instant deposits.

Your first deposit is eligible for a 50% matching bonus up to $1000. Use bonus code ‘BOL1000’ when making your deposit to opt-in to the bonus.

Step 3. Place Your Kentucky Derby Bets

Click on ‘Racebook’ in the top navigation bar and select ‘Churchill Downs’ from the ‘Thoroughbred’ drop down menu in the left sidebar. Select race #14 (post time of 7:01pm EST) for the Kentucky Derby and then select the type of wager you want to make (straight, exacta, superfecta, etc). Enter your wager amount and select “Add to bet slip”, then click “Submit all bets” in the right sidebar to confirm your wagers.

The bets you place through the racebook will use the parimutuel betting system (odds are dictated by the betting pool participants, so they are subject to change).

Here is a screenshot from this years race showing the clicks to place a bet on Tiz the Law.

Check out our horse racing betting guide for a breakdown of the various bets you can make on race day and some tips to help you win your Derby wagers. We also have a dedicated Kentucky Derby betting page where you can learn more about the race.

Are you ready to bet? Click here to visit BetOnline.ag.

How Does Betting Work At The Kentucky Derby Race

Tagged With : Kentucky Derby • Kentucky Derby betting • Kentucky Derby California • Kentucky Derby odds

Kentucky Derby Betting Sites

Despite the fact that I know nothing about the horses racing in the 2016 Kentucky Derby, I do know Nyquist is favored to win. In fact, his odds are 3-to-1. But I also don’t know what that means. I actually know nothing about sports betting. But I do know these odds are supposed to be good. But, if I hadn’t read “Nyquist is expected to win” I still wouldn’t know exactly how good they are. So how exactly do the Kentucky Derby odds work, and what does 3-to-1 — or 5-to-1 or 400-to-1 — mean?

First things first: in order to understand how odds work, one must first understand what type of odds they are looking at — American odds, fractional odds, or decimal odds. (Yes, there are three completely different systems!) In the case of the Kentucky Derby, fractional odds are being used. How do I know this? Well, fractional odds can easily be identified by their use of a dash or a backslash, according to Online Gambling. (See 5/1, 5-1, or 5-to-1.) But what do the numbers mean, and how are these numbers determined?

The good news is the former question is actually pretty easy to answer, and I will use Nyquist as an example. Nyquist has 3-to-1 odds. That means that if you bet $1 on Nyquist, “you will get your dollar back plus three more,” according to SB Nation. This means a $10 bet would net a $30 profit, and if you bet $100 you will win $300, and so on and so forth. Pretty straightforward, right? Well, sort of. Things get trickier when the odds aren’t 'something-to-1.' For example, when odds are 9-to-5 or 3-to-2. And, I’ll be honest, after reading — and reading — I still don’t understand it all. However, “noobs” like me are in luck: There are numerous betting tables online that explain the payout process. (Phew!)

However, the answer to the latter — how odds are determined — is a bit more complex. Odds are nothing more than the representation of probability, according to Pinnacle Sports. This means these numbers usually denote the likelihood of a certain outcome occurring. However, in the case of horse racing, odds actually have less to do with probability and more to do with money, according to Doc's Sports Service:

The single biggest key to horse racing odds are that they are determined by what is called a pari-mutuel system, which is just a fancy French term for mutual betting. That means that the odds are determined by the bettors...[t]hough they are usually fairly accurate they are just a guide and they ultimately have no impact on the final odds on a horse. Instead, the odds are set by the amount of money that is bet on each horse relative to how much is bet on each other horse.

How Do You Bet At The Kentucky Derby

In short, the more money the public bets on a horse, the lower the odds will be.

Kentucky Derby Betting Games

As for me, I'll stick to betting on consistent things, like will my daughter eat her dinner tonight. (And for those wondering, the answer is no, probably not.)