Money Bet On The Kentucky Derby

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The Kentucky Derby winner does not get all of the prize money; instead, it’s distributed among the top five finishers. But as you’d imagine, just as the purse increased to a record high this year, so has the prize money that’s given to the winner: The winning team in the 2019 Kentucky Derby will be awarded $1.86 million, up from roughly. The 146th Kentucky Derby is scheduled to go to post at 7:01 p.m. Saturday at Churchill Downs. We’re updating the odds for the race throughout the day. Check back here for the most recent changes. Essentially, all the money bet on the big race for the Kentucky Derby is put into one large betting pool comprised of all the money wagered. Winning bets are paid by the racebook or racetrack from the entire pool of money wagered. How much money is bet on the Kentucky Derby? In recent years, well over $100 million is bet on the Kentucky Derby each year. In 2019, more than $165 million was bet on the Kentucky Derby, which is a record number. In 2018, nearly $150 million was wagered on the Kentucky Derby.

Kentucky Derby Quick Picks

  • Favorite Bet To Win: Honor A.P.
  • Favorite Exacta Bet: Tiz the Law first and Honor A.P. second
  • Favorite Longshot Bet: Major Fed

ScoresAndOdds has partnered with TVG and TwinSpires to provide some great Kentucky Derby betting offers. You can take advantage of these offers using the links in this article.

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We’ll get a little more bang for our buck by betting on Honor A.P. to win the Kentucky Derby instead of taking the heavy favorite, Tiz the Law. Honor A.P. didn’t run in the Belmont Stakes, the first leg of the Triple Crown, so the thinking is he could be fresher and have less wear and tear. He can also benefit from experienced jockey Mike Smith, who will be going for his third Kentucky Derby win.

It’s chalky to take the top two favorites and pair them in an exacta wager, but these two horses have very good chances to win or place. If we were to wager on Tiz the Law to win, we’d pair him with a horse to finish second in an exacta to give us a bigger payday should we hit.

Major Fed is around a 50-1 longshot to win the Kentucky Derby. The odds are long, but the payoff can be big. Just look at last year when Country Horse won the race as a 65-1 longshot. Major Fed could benefit from post position No. 5, which is where many winners come from in the Run for the Roses.

$300 Risk-Free Bet Offer from TVG

The 146th running of the Kentucky Derby comes our way on Saturday, September 5, 2020. The famed Churchill Downs venue will once again play host to one of the world’s most popular sporting events, although this year the Kentucky Derby will take place without fans due to COVID-19 safety precautions. Even without fans, there will be a ton of money bet on the Kentucky Derby. If you’re someone interested in betting on the Kentucky Derby, you’ve come to the right place.

TVG.com is offering a special sign-up bonus offer that will get you a risk-free first bet up to $300. All you have to do is sign up before September 5, 2020, using the links on this page using promo code ‘DERBY300’ and place your first single horse win bet. If you lose, TVG will credit your account up to $300. This special TVG offer is open to participants in 32 states where TVG is available.

Bettors located within Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey (under 4NJBets), New Mexico, New York, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Dakota, Vermont, Virginia, Washington, West Virginia, and Wyoming can take advantage of this offer from TVG.

Let’s take a look at some ways to use that TVG offer for the Kentucky Derby.

How To Use TVG’s Kentucky Derby Offer

In order to be eligible to receive the risk-free bet, you’ll need to place an eligible wager. TVG defines eligible wagers as single horse wagers, so exotic bets do not count. Examples of single horse wagers are bets to win, bets to win/place, bets to win/show, or bets to win/place/show.

  • Bet The KY Derby From Home!
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  • Get Up To A $300 Risk-Free Bet
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  • Bet Horses From Home!

Coming off a Belmont Stakes victory, Tiz the Law is the betting favorite for the Kentucky Derby, and a fairly sizable favorite at that. Trained by Barclay Tagg, Tiz the Law is the only horse with a chance to win the Triple Crown in 2020. The Kentucky Derby is the second leg of the Triple Crown and many will be betting this horse simply because they want to see history made.

On a winning streak, Tiz the Law has shown dominance over other horses, so it’s fair that he is the favorite. The thing is, being such a big favorite, Tiz the Law won’t give us the best betting odds as upside. With the TVG offer, we can benefit from less risk as a downside due to the risk-free bet that’s being offered, so this is a time we might want to look elsewhere on the odds board. If we were to bet Tiz the Law using TVG’s risk-free bet off, we’d want to bet him to win because we’ll receive a higher payout than if we included placing or showing in the wager.

If you canvas horse-racing experts, Honor A.P. is a horse not called Tiz the Law that comes up a lot. He’s offering around 5-1 or 6-1 on your money, which is a better payday on a win than Tiz the Law can provide. Of course, Honor A.P. is a longer shot than Tiz the Law to win the Kentucky Derby, but he’s the second favorite.

The gist of it is, when offered a risk-free bet, we’re looking to wager on longer shots because we always have the fall-back option of getting a risk-free wager credit that we can hopefully make up our loss on while shooting for some upside.

$200 Sign-Up Bonus from TwinSpires

With TwinSpires, new players can sign up for a new account and receive a $200 sign-up bonus. When you sign up using the links on this page, be sure to enter the code ‘BET200’ to be eligible for the offer. When you do, your account will be credited with $200 in bonus cash in increments of $100 for every $400 wagered.

To earn the full $200 bonus, new players will need to sign up using the code ‘BET200’ and then wager $800 within 30 days of creating an account at TwinSpires. This may sound like a lot, but turnover can go fairly quickly when you’ve got the Kentucky Derby on Saturday, September 5, and the Preakness on Saturday, October 3, to bet on.

How To Use TwinSpires’ Betting Offer

Similar to what we described for the TVG offer, we’d look to use the TwinSpires betting offer as a cushion that can give us some money back. While we discussed our pick for Honor A.P. to win, we wouldn’t shy away from betting on Tiz the Law to help us work towards claiming the bonus offer from TwinSpires.

The safest bet to make will likely be betting on Tiz the Law to show, which means the horse only has to finish in the top three to cash. The payout won’t return much compared to what’s being wagered, though.

We could also bet on a few more exotic Kentucky Derby bets instead of just straight bets. Exactas and trifectas are always fun to wager on. They’re longer shots to hit, of course, because you have to select more than one horse in an exact finishing position, but payoffs can be larger and they’re entertaining to sweat.

If you’re someone who is going to wager $400 or more on the Kentucky Derby, do so using the offer from TwinSpires so you can get some money back win or lose.

Taking the Boom-or-Bust Approach

If we really want to go big on betting the Kentucky Derby, we can take a boom-or-bust approach and fire on some of the much longer shots to win the race. The benefit here is that we can get our money back in the form of a wager credit thanks to TVG’s risk-free bet offer, so there’s a little cushion for us to land on.

Two of the horses offering very long odds to win the Kentucky Derby that we might want to wager on are Storm the Court and Major Fed. Both are listed around the 65-1 mark. Before you go thinking we’re crazy, let’s not forget about what happened just one year ago. Last year at the 145th running of the Kentucky Derby, Country Horse won the race as a 65-1 longshot.

Types of Kentucky Derby Bets

Bettors wagering on the Kentucky Derby can do so in many ways. You can bet on more than just a horse to win. Betting on a horse to win is a straight-forward wager that is exactly what you think, you’re betting on the horse to win the race. Other single-horse bets are “to place” or “to show” bets.

  • Bet The KY Derby From Home!
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  • Get Up To A $300 Risk-Free Bet
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If you wager on a horse to place, you’re betting on that horse finishing in the top two positions, first or second. With a bet to place, you’ll receive a lesser payout than wagering on a horse to win because you have two chances for the horse to win instead of just one.

Money Bet On Kentucky Derby

Likewise, if you bet on a horse to show, you’re wagering on that horse to finish first, second, or third, so now you have three chances to win. A bet to win will pay the most, a bet to place will pay the second most, and a bet to show will pay the least of the three.

There are several other horse-racing wager types you can place on the Kentucky Derby in addition to win, place, and show bets. Deemed “exotic” bets because they differ a bit from the norm, bettors can wager on the exact finishing positions of horses in the race for a chance at an even larger payday. The most common exotic bets are the “exacta,” “trifecta,” and “superfecta.”

With an exacta wager, you are attempting to predict the top two horses in the race in the correct finishing position. With a trifecta wager, you’re going even further in hopes of predicting the top three horses in the correct order. With a superfecta wager, bettors are attempting to nail down the top four horses in the exact order they finish in.

There is also an exotic bet called the “super high five.” As you might’ve guessed by the name, this type of wager calls for bettors to try and pick the top five horses in the race in exact finishing order.

Only the win portion of a win/place, win/show or win/place/show wager shall be counted as an Eligible Wager. If your Eligible Wager loses, you will receive a bonus equal to the amount wagered in your Eligible Wager, up to a maximum of $300 (“Bonus”). Limit 1 Eligible Wager.

When is the 2020 Kentucky Derby?

The 2020 Kentucky Derby, otherwise known as the 146th running of the Kentucky Derby, takes place on Saturday, September 5, 2020, at 2:30 p.m. ET.

Where does the Kentucky Derby take place?

The Kentucky Derby takes place in Louisville, Kentucky, at Churchill Downs Race Track. Named for Samuel Churchill, the track opened in 1875.

How long is the Kentucky Derby?

The Kentucky Derby is run on a track that is 1.25 miles in length, or 10 furlongs. One furlong equals 220 yards. The race itself lasts about two minutes in duration, which is why the Kentucky Derby is often referred to as “the most exciting two minutes in sports.”

Derby

How much money is bet on the Kentucky Derby?

In recent years, well over $100 million is bet on the Kentucky Derby each year. In 2019, more than $165 million was bet on the Kentucky Derby, which is a record number. In 2018, nearly $150 million was wagered on the Kentucky Derby. There has been more than $100 million bet on the Kentucky Derby dating back to 2005.

How do horse racing odds work?

Horse racing odds commonly use a pari-mutuel system to be calculated. This means all of the bets of a certain type are pooled together and then the odds are determined by the distribution of the bets among all bettors, after taking out the house take. The more money bet on a horse, the worse the odds will be and the lesser the payout. With pari-mutuel, the exact odds of a wager won’t be known until right before the race goes off when the betting window closes.

Sept. 5 (UPI) -- How can a $2 bettor make any money on the Kentucky Derby when Tiz the Law is likely to go to the post as a heavy odds-on favorite?

It's always fun to win but who wants a $3 -- or less -- return on a $2 win ticket? Big races like this should be hit for a lot more.

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Well, there are a couple ways to look at it. One would be to decide Tiz the Law really might not win. That would be a risky proposition, based on the available evidence.

'It's a little daunting being the 3-5 favorite in the Kentucky Derby, but I think he's earned it,' Jack Knowlton, head of the Sackatoga Stables' ownership group, said Thursday morning on the Churchill Downs backstretch.

He's right. So let's look for another approach.

Even if Tiz the Law wins by the length of the stretch, there could be a reasonable return on a trifecta or exacta ticket if a long shot (or two) finishes in the top three. This being the Kentucky Derby, that's not unlikely.

But where to look for those lucky long shots?

Santa Anita Derby winner Honor A.P. certainly won' be a really long shot. He's the 5-1 second pick on the morning line. But if he actually starts at that price and he's the most likely to win if the favorite falters, let's get him on the ticket!

Trainer Bob Baffert has two colts in the race as he seeks a record-tying sixth Derby win. The better-regarded of the two is Authentic but, despite Baffert's protestations, its debatable he will stay the 1 1/4 miles.

The other Baffert entry, Thousand Words, looks like he's improving at the right time and will be a square price.

Ny Traffic is the colt who almost caught Authentic in the Haskell. He has been moving in the right direction and might benefit from the additional distance. He doesn't win often, but hasn't missed a top-three finish in any of his five starts this year.

So, let's try a $1 trifecta box with Tiz the Law (17), Honor A.P. (16), Thousand Words (10) and Ny Traffic (15). That will cost $24. If Tiz the Law wins and Honor A.P. is second, it won't pay much. But there's the potential for a decent payoff if some other combination finishes 1-2-3.

Another thought: If Tiz the Law is a lock to win, how about a superfecta bet with him on top? A 10-cent superfecta with a single to win and six horses boxed underneath only costs $12. If some bombers finish second through fourth, kaching! Well, a muted kaching! It's only a 10-cent wager.

For that, consider the aforementioned Authentic (18), deep closer Enforceable (3), who could pick up some pieces from a hot early pace, and Max Player (2), who was third behind Tiz the Law in both the Belmont and the Travers.

Money Bet On The Kentucky Derby Odds

The most important consideration here: Never bet more than you're willing to lose.