Although sports betting is only legal in some states and mobile sports betting is in even fewer places, you can bet on the Kentucky Derby online in most states.
Betting on the Kentucky Derby is legal in 31 states, including New York, Connecticut, Pennsylvania, Florida, and Illinois. There are multiple race books where users can place wagers, but these sites differ from most sportsbooks.
TVG is the No. 1 race book on the market and it is the sister site to FanDuel Sportsbook. Twinspires is another strong option for bettors as it’s the official partner of Churchill Downs.
Kentucky Derby Betting Sites
TVG is the best of the best. It only makes sense to go with the best for the biggest horse race of the year. TVG is a legal and regulated option that is a great option for this year’s Kentucky Derby.
New users who sign up with TVG here can snag a $300 risk-free bet on the Kentucky Derby.
TwinSpires is a tremendous option for the Kentucky Derby as well. While TwinSpires might not be as user-friendly as TVG, it has up-to-the-minute odds and a wide selection of betting options. As the official partner of Churchill Downs, it’s a fantastic choice for the Kentucky Derby.
New users who sign up with Twinspires receive a $200 free bonus on the Kentucky Derby.
How To Sign Up
Signing up with either site on Kentucky Derby day is a breeze. It’s as easy as 1-2-3:
- Create an account with TVG here and enter Twinspires promo code DERBY300
- Deposit funds into your account using a variety of methods
- Place your first bet on the Derby up to $300 risk-free
Once you’re signed in and have funds in your account, go pick a winner. But remember, even if you don’t pick a winner, your first bet is risk-free.
States Where You Can Bet The Kentucky Derby Online
Horse racing falls under different legislation than typical sports betting in most states. It’s easier for race books to take online wagers than it is for sportsbooks.
Here are the 31 states where you can bet on the Kentucky Derby online:
- New Hampshire
- New Mexico
- New York
- North Dakota
- Rhode Island
- South Dakota
- West Virginia
TVG and TwinSpires are available in all 31 states.
Online Kentucky Derby Betting
Betting the Kentucky Derby online is easy, even for the inexperienced horse racing bettor. TVG and TwinSpires list the horse in order of their odds.
Figuring out how much each horse pays out is simple. The first number listed pays out on a bet of the second number.
For example, the favorite, Tiz The Law, is going off at 3-5 odds. That means you need to bet $5 to win $3.
Types of Bets You Can Place on Kentucky Derby
One of the exciting parts about horse racing is that there are a variety of different bets you can make on each race. If you’re interested in picking the order the horses finish rather than just the winner, there are options for you.
Names to know:
- Win: Horse to win the race
- Place: Horse to finish second
- Show: Horse to finish third
Different bets you can make on the Kentucky Derby:
- Exacta: picking the first 2 horses
- Trifecta: 3 horses
- Superfecta: 4 horses
- Super High Five: 5 horses
- Win-Place-Show: bet on a horse to finish in a certain spot
Kentucky Derby Odds 2020
|Tiz The Law||7-5|
|Storm The Court||35-1|
|Finnick the Fierce||50-1|
Date: September 5, 2020
State time: 7:01 p.m. EST (coverage begins at 2:30 p.m. EST)
Network: NBC, NBCSports.com, NBC Sports app
Sportsbook partner: Expect PointsBet Sportsbook to be heavily featured during Saturday’s broadcast. Although you can’t bet on the race at PointsBet, the sportsbook recently inked a massive partnership deal with NBC.