Best Online Racebooks

75% up to $750
5 Star Rating
50% up to $1,000
5 Star Rating
50% up to $1,000
5 Star Rating
50% up to $1,000
5 Star Rating
50% up to $500
4 Star Rating



Bovada has offered Kentucky Derby betting odds to US players for more than 20 years. This internationally-licensed sportsbook was formerly used to provide odds to ESPN, but it remains known for offering a wide variety of horse racing bets. There are 20 different Bovada horse betting tracks in their racebook, offering odds on races in New York, Florida, Australia, the United Kingdom, and of course, Churchill Downs in Louisville, Kentucky.

Bovada offers a 50% match up to $250 on your first credit card deposit for gambling on the Kentucky Derby. This offer increases to a 50% match up to $1,000 with bonus code BVD1000, rewarding up to $500 in bonus bets for horse racing. They also accept Bitcoin and other cryptocurrency deposits for cheaper transaction fees and lightning-fast payouts.



BetOnline’s racebook has odds for Kentucky Derby betting 2024, but they also have thoroughbred and harness racing odds for event before and after the “Run for the Roses”. This includes races around the world in places like Australia, South Africa, Hong Kong, the United Kingdom, and the United States. BetOnline has safely offered horse racing odds for over 25 years with no legal issues.

Their position as an internationally-licensed business allows them to accept cryptocurrency deposits like Bitcoin and altcoins. With 17 different cryptocurrencies and credit cards as accepted deposit methods, it’s easy to claim the BetOnline horse betting bonuses ahead of the Kentucky Derby. BetOnline’s crypto welcome bonus rewards new players with a 100% match up to $1,000, while their credit card bonus is a lower 50% match up to $1,000. All crypto transactions at BetOnline come with no fees and instant payouts.

Is It Legal To Bet On The Kentucky Derby?

Yes, it’s legal to bet on the Kentucky Derby with Bovada, BetOnline, or any of our other recommended USA gambling sites. Just make sure to check their terms and conditions, as some of these sites don’t accept bettors from certain states. For example, Bovada accepts residents of 45 states, with the exception of New York, Nevada, New Jersey, Delaware, or Maryland.

Players from any of these online gambling states except New Jersey can legally bet with BetOnline, since they only prohibit New Jersey bettors from signing up. Betting with any of these online gambling sites is legal since they are internationally licensed, meaning they are an overseas business out of the jurisdiction of the US Government. There are no penalties associated with using Bovada or any of our other recommended racebooks for gambling on the Kentucky Derby.

When is the Kentucky Derby 2024

The 150th edition of the Kentucky Derby takes place on Saturday, May 4, 2024. Futures odds for the 64-horse field are available across horse betting sites. The annual thoroughbred racing event at Churchill Downs will attract more than 150,000 people. The 2024 Kentucky Oaks takes place the day before on Friday, May 3, 2024.

2024 Kentucky Derby Gambling Odds

  • Dornoch +800
  • Sierra Leone +800
  • Fierceness +1200
  • Locked +1200
  • Timberlake +1600
  • Crimson Light +1800
  • Forever Young +1800
  • Conquest Warrior +2000
  • Encino +2000
  • Speak Easy +2000
  • Agate Road +2500
  • Catching Freedom +2500
  • Deterministic +2500
  • Hall Of Fame +2500
  • Honor Marie +2500
  • Knightsbridge +2500
  • Mystik Dan +2500
  • Heartland +3000
  • Nash +3000
  • Snead +3000
  • Epic Ride +3500
  • Just A Touch +3500
  • No More Time +3500
  • Tuscan Sky +3500
  • Bergen +4000
  • Book'em Danno +4000
  • Frankie's Empire +4000
  • Le Dom Bro +4000
  • Real Men Violin +4000
  • Amante Bianco +5000

How To Read Kentucky Derby Odds

Kentucky Derby betting 2024 odds come in two different forms: American and Parimutuel. It’s important to know the differences and outcomes of the two odds types before you gamble online with real money. American odds are in the form of +500 or -300 and are what you typically see at a sportsbook. A $100 bet on a horse at +500 odds would win $500. When there are negative odds, which are uncommon in horse races, the numbers indicate what you must bet to make a $100 profit. Using the -300 odds example above, there’s only a $33.33 profit from a $100 bet. You would need to bet $300 to profit $100.

Parimutuel odds, also seen as fractional odds, would look like 5-1 or 5/1. The first number is the profit of betting the second number. For example, with 5-1 odds, a $100 bet profits $500. When the first number is smaller than the second number, for example 1-3 or 1/3, the profit is less than the wager amount. A $100 bet on 1-3 odds only wins $33.33. A bigger number behind a plus sign (American) or in front of the fraction/hyphen (Parimutuel) signals a higher reward from a higher risk bet.

Different Bet Types For The Kentucky Derby

There are many different ways to gamble on the Kentucky Derby, but the most popular two options are straight bets and exotic bets. Straight bets include the most common way to bet, either for a horse to win, place, or show. Exotic bets come with longer Kentucky Derby odds since they require more exact outcomes, but this style of horse betting offers massive payouts. Before making any straight or exotic bets, make sure you claim the best racebook bonuses 2024 has to offer at Bovada or BetOnline’s promotions tab. Here are brief descriptions of every way to gamble on the Kentucky Derby with online gambling sites.

Straight Bets

  • Win – The simplest bet of the event, just pick the horse that will finish in first place. This is the most-rewarding of all straight bets.
  • Place – A bet that pays out if your horse finishes in first place or second place.
  • Show – This bet cashes if you choose a horse that finishes in first place, second place, or third place. Since you’re betting on a more likely outcome, the payouts for a show bet are lower.

Exotic Bets

  • Exacta – This bet requires you to pick the winning horse and second place horse in exact order.
    Trifecta – An extension of an exacta bet, the trifecta bet requires you to correctly bet on three horses that finish in first place, second place, and third place
  • in exact order.
    Superfecta – To win a superfecta bet, you need to pick four horses that finish first, second, third, and fourth place in exact order. Due to it being the
  • hardest of them all, this exotic bet is the most profitable horse wagering type.

Odds Of Previous Kentucky Derby Winners

Year Winner Odds
2023 Mage +1200
2022 Rich Strike +8000
2021 Medina Spirit +200
2020 Authentic +800
2019 Country House +6500
2018 Justify +250
2017 Always Dreaming +450
2016 Nyquist +200
2015 American Pharoah +250
2014 California Chrome +250
2013 Orb +400
2012 I’ll Have Another +1400
2011 Animal Kingdom +1900
2010 Super Saver +700
2009 Mine That Bird +4900
2008 Big Brown +250
2007 Street Sense +350
2006 Barbaro +500
2005 Giacomo +4930
2004 Smarty Jones +310
2003 Funny Cide +1180
2002 War Emblem +1950
2001 Monarchos +950
2000 Fusaichi Pegasus +130
1999 Charismatic +3030
1998 Real Quiet +740

How Are The 2024 Kentucky Derby Horses Selected?

The horses racing at the first Triple Crown event of the year aren’t just names drawn from a hat. The main field, consisting of the 20 best 3-year-old horses in the country, earn their gate spots through qualifying races. There’s the Road to the Kentucky Derby, which consists of Grade 1 races in US locations like Florida, New York, and California. Of course, gambling sites taking US players offer betting odds for each race leading up to the Kentucky Derby.

There are two more ways to qualify for the 2024 Kentucky Derby: The Japan Road and The European Road. Horses earn points from these races to determine their spot at the Churchill Downs gates. Betting on Grade 1 races leading up to the Kentucky Derby could help find an edge on the best horses once it’s showtime.