Sports Betting Kentucky Derby

Posted : admin On 15.02.2021

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 2021 Kentucky Derby are and explain what each major wagering type means.

Date: Saturday, May 1, 2021​

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Post Time:6:50pm EST

Purse:$3,000,0001st place: $1.86M

Favorite: Unknown

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 202 Kentucky Derby

The 146th running of the 2020 Kentucky Derby happened very late in 2020 due to COVID-19 related delays. The Derby took place in Louisville, Kentucky at Churchill Downs though for the first time in the history of the race, it took place in September. The Derby is normally the first race of the Triple Crown but in 2020, it was the second leg. It also happened over two months after the first leg, the Belmont Stakes. The pre-race odds are preserved on this page – they favored Tiz The Law, the Belmont winner, who was upset by Authentic. The 2021 Derby will be held on May 1st and will be available on all of the legal online sportsbooks.

Sports

How Will Coronavirus Affect The 2021 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.

2021 Kentucky Derby Props

2021 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 2021 Kentucky Derby?

After a recent rash of event delays, suspensions, and cancellations, many people are concerned about the future of the 2021 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.

Betting

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 2021 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 No deposit required casino bonus.

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.

2021 Kentucky Derby Post Time

Sports Betting Kentucky Derby

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 2021 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 10 am to 11 pm. 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 6:30 pm 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.

2021 Kentucky Derby Purse

Although the 2021 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 2020 Kentucky Derby, the purse was $3 million. If Churchill Downs has good business before the 2021 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

Past 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. The 2020 race was eventually won by Authentic. Horse fans are hoping that the 2021 Kentucky Derby will give horse racing a clean slate and help us get another potential Triple Crown winner.

When looking to venture out into sports gambling, you are likely to find hundreds of online sports betting sites out there. When looking for the best sports betting sites, therefore, the most important issues to consider are the perks that come with the websites. This will ensure you enjoy the greatest sports betting online experience. These perks include signing bonuses and easy usability among others. In this article, we are going to review three of the best online betting sites, which are Bovada, BetOnline, and MyBookie.

#1 Bovada

Bovada.lv also known as Bodog.com in Canada is among the best sports gambling websites that has been in existence since 1994. The site’s domain is registered in Latvia. The platform provides access to sport, casino, poker, and racebook wagering.

Bovada has continually offered promotions and offers to its customers. For instance, first-time deposits for sports get bonuses of 50 percent for deposits up to $250, 100 percent for deposits up to $1000 for casino bets, and 100 percent for deposits up to $1000 as poker bonus.

Making a deposit or a withdrawal is easy and only attracts a small fee. For first-time deposits, the processing fee of 4.9 percent is waivered. Payouts are done using rapid transfer, otherwise known as money gram.

Bovada allows sports betting online on their user-friendly mobile interface or in their state of the art poker and casino gaming rooms. The minimum wager online is $1 and $50 for mobile bets. The only limitation to using Bovada is that the odds are posted late and that they have very low wager limits.

#2 BetOnline

Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world.

You get a welcome bonus of 50 percent on deposits up to $2500. However, bonus levels are tiered for different types of wagering. The online game library is categorized into 3D slots, table games, slots, and video poker. Most of the bets are placed online since their mobile platform only allows sports betting.

Maximum and minimum deposits and withdrawals are different for different payment options that are offered on BetOnline. Its major shortcoming is that it has high rollover requirements that customers might find difficult to understand.

#3 MyBookie

Online Sports Betting Kentucky Derby

MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.

Kentucky Derby Betting Sites

Wagering options for MyBookie include straights, totals, open wagers, action points, teasers, reverses, if bets, futures, and money lines among others. You can bet on games such as NFL Football, college basketball, NBA basketball, NHL hockey, soccer, golf, and horse racing among others.

Kentucky Derby Betting Games

With one of the highest bet bonuses in the industry, MyBookie gives you a welcome bonus of up to 50 percent for up to $1000 if you are a first time depositor. For reloads, they offer a 20 percent cash bonus. This makes it one of the best sports betting sites.

Online Sports Betting Kentucky Derby

Its mobile platform has a user-friendly interface that makes it very easy to use. Their customer service is also highly efficient and offers top-notch customer service. This puts them among the best online betting sites today. MyBookie, however, only caters to recreational gamblers as opposed to other top sites that allow professional gambling. The site has also been said to lean more on the US sports market as compared to international sports.