Bet on Kentucky Derby

Are you looking for the best place to bet on the Kentucky Derby? We are the official Kentucky Derby betting website, having helped thousands of people, just like yourself, find the best online racebooks to bet on the Kentucky Derby race each year.

The 138th Kentucky Derby is complete with #19 "I'll Have Another" winning in dramatic fashion. He paid out 16/1 and bettors who backed him came out very happy.

The 139th Kentucky Derby will take place on May 4th, 2013 and we are getting excited to see what is has in store for us!

We have had a team of horse bettors review a handful of the top rated online betting sites, and have found the absolute best racebook to place your wagers on the big race at.

Bovada.lv is the best website to bet on Derby online at.

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Bet on Kentucky Derby at Bovada

Updated: May 4th, 2012

Bovada (www.Bovada.lv) is a well known gambling brand that has been around for 15+ years. Bovada is a highly respected and trustworthy bookie that takes a lot of action on the Kentucky Derby each year.

In addition to being one of the most respected sportsbooks online, Bovada also offers one of the best sign up bonuses for the upcoming Kentucky Derby. Every new Bovada bettor will receive a Free Bet up to $100 on their first deposit, making them the no-brainer choice for betting on the Kentucky Derby this weekend!

Bovada is by far the best and safest place to bet on Kentucky Derby 138. Below is a screenshot of the Bovada racebook, where you will be able to place your bets.

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Kentucky Derby Betting

The 138th Kentucky Derby takes place on Saturday May 5th, 2012 at Churchill Downs, Louisville Kentucky. Post time for the event is TBD, and the TV coverage will start at 5:00 PM EST on NBC. For those who are new to horse betting we will explain exactly how you can bet on the Kentucky Derby.

The most common type of horse betting for the Kentucky Derby is betting on a pony to win, place or show. Win of course meaning the horse wins the Kentucky Derby, place means the horse places first or second, and show means the horse placing either first, second or third place in the race. Of course picking a horse to win will have higher odds (payout more) then picking a horse to show.

Each horse will have different betting odds placed on them depending on their odds on placing well in the Kentucky Derby. The favored horses, or the horses most likely to win will have lower odds on them, while the longshots will have higher odds and bigger payouts.

There is a little bit of common sense involved with betting on a horse race such as the Kentucky Derby, but there isn't too much strategy involved. It wouldn't be too smart to bet on a horse that is favored to win the Derby to show, as the payout would be very small and probably not worth the risk. On the other hand, picking a longshot to show might have a rewarding payout.

Other types of Kentucky Derby betting include Quinella, Exacta, Trifect, and Superfecta betting, which are called exotic bets. All of these types of bets include picking the order of finish in the race of at least two horses. These have bigger payouts, and are my personal favorite ways to bet on Kentucky Derby races, or any other big horse race.

A quinella and exacta horse bet are very similar. When making a quinella bet you will need to choose the two horses who will finish first and second. As long as those two horses finishes in the top two positions you will win your bet (doesn't matter the order). With an exacta bet you will also choose which two horses place first and second, but you will need to predict the exact order they finish in order to win your bet.

Trifecta and Superfecta betting are also very popular bets for the Kentucky Derby, and can make for some huge winnings. Trifecta betting is choosing the top three horses in order of finish. There are a variety of different trifecta bets you can place which allow you to pick combination's of finishes. The Superfecta is basically the same as trifecta betting, but involves picking the top four horses. In 2005 the trifecta Kentucky Derby bet paid $133,000 on a $2 bet!

Now that you know everything you could possibly want to know about Kentucky Derby betting head over to Bovada.lv to place your 2012 Kentucky Derby bets!

Kentucky Derby 2012 Future Wagers Odds:
(as of April 1st)

Post Number - Horse - Odds - What a $2 "To Win" Bet Pays

1 Alpha 21-1 $44.20
2 Bodemeister 22-1 $46.00
3 Creative Cause 8-1 $19.00
4 Daddy Nose Best* 20-1 $42.80
5 Dullahan 23-1 $49.40
6 El Padrino 24-1 $50.80
7 Gemologist 12-1 $26.80
8 Hansen 8-1 $18.80
9 Howe Great* 57-1 $117.20
10 I'll Have Another 21-1 $45.60
11 Liaison 49-1 $100.20
12 Mark Valeski 34-1 $71.00
13 Midnight Transfer 80-1 $163.00
14 My Adonis 73-1 $148.40
15 News Pending 152-1 $306.80
16 On Fire Baby (f)* 80-1 $163.80
17 Optimizer* 22-1 $46.40
18 Prospective* 42-1 $87.60
19 Sabercat 45-1 $93.00
20 Secret Circle 30-1 $63.80
21 Take Charge Indy 15-1 $33.60
22 Union Rags 9/2 $11.60
23 Went the Day Well* 19-1 $41.40
24 All Other 3YO's 6-1 $14.20