Kentucky Derby 2023: A Comprehensive Betting Guide & Top Dark Horse Pick

how to bet on kentucky derby

Are you eager to bet on a horse without leaving your home? Dive into the thrilling world of online Kentucky Derby betting with us. This guide will navigate you through the ins and outs of Kentucky Derby wagering. If you aim to excel in this betting arena, stick around till the end to uncover insights on how to bet on the Kentucky Derby, discover leading sites and apps tailored for Derby betting, identify the top contenders, and much more. Ready to jump into the details? Let’s get started.

How To Bet On Kentucky Derby?

Kentucky Derby

Betting on Ketnchuki Derby online is a straightforward process. One is not required to be highly technical when it comes to betting with the top sites. Well, we have covered it further in the article. Let’s check the easy process of how to bet on the Kentucky Derby 2023 or How to bet  $100 on the Kentucky Derby.

Step 1: Choosing and Downloading

First, you are required to choose the best betting app or site for the Kentucky Derby and then download and install the app to get started with the process then launch the app.

Step 2: Login & Sign up

When you are done with the first step, you are required to open the app, and the first screen will ask you to get started with the signing-up process. Simply give in our details and get done with the sign-up. It will ask you for details like Name, address, email, SSN, date of birth, and phone number. Make sure you have made it ready beforehand.

Step 3: Deposit & Redeem

When you are done with the process of creating an account, you are all set to redeem your welcome bonus on the app. So, at the very first, you are required to deposit a generous amount to your wallet and check for the bonus you can have. Well, it won’t take much of your time as it is a very simple and straightforward process.

Step 4: Browsing The Market

Here’ you are done with everything and are all set to explore the wagering market of the Kentucky Derby. Now, you can check different horse races and choose the best horse for ourself and win a lot of money.

Step 5: Betting

If you have seated the market, it’s time to start the actual betting in the app. Here are simple steps that you need to follow.

  • Select the Churchill Downs track.
  • Choose the race number of the Kentucky Derby.
  • Choose your horse and look for the best fit of wager type.
  • Enter your dollar amount and submit your bet slip.

Top Sites For Betting On Kentucky Derby

The betting world offers many options, making it sometimes challenging to pinpoint the best choice. Before diving in, ensure you fulfill all requisite criteria, including being at least 21 years of age and possessing a government-approved social security number. Without further ado, let’s explore the best app for Kentucky Derby betting.

1. Twinspire


Twinspire is a well-established platform primarily known for horse racing betting. Offering a rich array of betting options for seasoned gamblers and novices alike, it stands as the official betting platform of the Kentucky Derby. 


  • Extensive horse racing betting options
  • User-friendly interface
  • Live streaming of races
  • Expert analysis and insights
  • Mobile app available for on-the-go betting


  • Official betting site of the Kentucky Derby
  • Offers live streaming of races
  • Provides expert analysis and insights to help users make informed bets
  • User-friendly platform, making it accessible to novices


  • Limited to horse racing betting
  • Availability might be restricted in certain jurisdictions

2. BetMGM


BetMGM stands as a reliable and prominent betting platform offering a vast array of betting options ranging from sports betting to casino games. With its secure and sophisticated platform, users can enjoy a seamless betting experience.


  • Wide variety of betting options including sports and casino games
  • Secure and sophisticated betting platform
  • Regular promotional offers 
  • Loyalty program for consistent players
  • Live betting options available 


  • Offers a diverse range of betting options
  • Secure platform with a strong reputation
  • Enticing promotional offers to attract users
  • Loyalty program rewards consistent players


  • The user interface can be slightly complex for beginners
  • Wagering requirements for bonuses can be high

3. Caesars Sportsbook

Caesars Sportsbook

Caesars Sportsbook, an integral part of the renowned Caesars Entertainment Corporation, brings a supreme betting experience to the table. With a rich history and brand power, the sportsbook offers a robust platform for betting on a variety of sports, including a dedicated section for Kentucky Derby betting. 


  • Robust betting platform with numerous sports options.
  • A dedicated section for Kentucky Derby betting.
  • Competitive odds to provide better winning opportunities.
  • Extensive market coverage for a diverse betting experience.
  • Mobile platform for betting on the go.


  • The rich history and brand power bring reliability.
  • Competitive odds offer better win potentials.
  • Extensive market coverage for diverse betting experiences.
  • Offers a dedicated Kentucky Derby betting section.


  • The app can have occasional glitches.
  • Promotional offers might not be as lucrative as competitors.

4. DraftKings

how to bet on kentucky derby DraftKings

DraftKings, originally starting as a fantasy sports platform, offering a wide range of betting options, including sports betting and casino games. Its betting on Kentucky Derby offerings is particularly notable, where users can explore various bet types and enjoy live-streaming features. 


  • A wide array of betting options, including sports and casino.
  • Offers various bet types and live streaming features for the Kentucky Derby.
  • Modern, user-friendly interface.
  • Comprehensive betting portfolio with updated odds.
  • Available as a mobile application for betting on the go.


  • Transitioned well from a fantasy sports platform to a comprehensive betting platform.
  • Modern interface makes navigation easy and enjoyable.
  • Live streaming features enhance the betting experience.
  • Offers a well-rounded Kentucky Derby betting app experience.


  • Customer service might not be very responsive.
  • The initial setting up of the account can be slightly complex.

5. FanDuel

how to bet on kentucky derby with FanDuel

FanDuel is a dominant force in the sports betting industry, offering a premium platform perfect for Kentucky Derby betting. Apart from its mainstream sports betting offerings, it also has a detailed section for betting on Kentucky Derby, facilitating users with a plethora of betting option.


  • User-friendly interface making navigation easy and convenient.
  • Wide range of betting options to suit all kinds of bettors.
  • A dedicated section for Kentucky Derby betting with various betting options.
  • Mobile app is available for betting on the go.
  • Offers live streaming and in-play betting features.


  • A top choice for both beginners and seasoned bettors.
  • Offers a premium Kentucky Derby betting app experience.
  • A plethora of betting options and strategies are available.
  • Supports live streaming and in-play betting.


  • The app may experience downtimes during peak hours.
  • Limited promotional offers compared to competitors.

6. bet365


bet365 has garnered a solid reputation in the online betting world, boasting a comprehensive sportsbook that includes a notable section for Kentucky Derby betting. The platform is known for offering competitive odds and a broad spectrum of betting options, making it a popular choice for betting on Kentucky Derby. 


  • A comprehensive sportsbook with a variety of betting options.
  • Competitive odds offer great opportunities for bettors.
  • A dedicated section for Kentucky Derby betting with various betting strategies.
  • Sophisticated mobile app for convenient betting on the go.
  • Live streaming options and in-play betting are available.


  • A well-established reputation in the betting industry.
  • Offers a broad spectrum of betting options, including a well-rounded Kentucky Derby betting app.
  • A sophisticated mobile app enhances the betting experience.
  • Supports live streaming and in-play betting options.


  • The website interface might seem cluttered to new users.
  • Limited promotional offers.

7. ESPN Bet


ESPN Bet is a relatively newer entrant in the market but has quickly established its presence, especially in the domain of Kentucky Derby betting. Backed by a trusted name in sports, it offers a reliable platform for placing bets on various sports events, including the renowned Kentucky Derby. 


  • Offers a wealth of insightful analyses and expert tips.
  • User-friendly interface for easy navigation and betting.
  • A comprehensive sportsbook with special focus on Kentucky Derby betting.
  • Mobile app for a convenient betting experience.
  • Backed by ESPN, a trusted name in the sports industry.


  • Provides reliable and insightful analyses and expert tips for Kentucky Derby betting.
  • User-friendly interface facilitates easy betting on Kentucky Derby.
  • The mobile app enhances the convenience of betting.
  • Backed by a reputable name in the sports industry.


  • A newer player in the market, still establishing its foothold.
  • May offer fewer promotional offers compared to older platforms.

8. Circa


Circa holds a distinctive position in the market, offering a classic yet modern betting platform perfect for Kentucky Derby betting. With a focus on providing a premium betting experience, Circa offers a range of betting options on various sports events. 


  • Classic yet modern interface offering a premium betting experience.
  • Wide range of betting options, including a dedicated section for Kentucky Derby betting.
  • Mobile app available, facilitating betting on the go.
  • Innovative features that enhance the betting experience.
  • A dedicated customer support team for prompt assistance.


  • Offers a premium and dynamic betting environment for Kentucky Derby betting.
  • Provides a range of betting options, including a specialized Kentucky Derby betting app.
  • The mobile app enhances the convenience and flexibility of betting.
  • Dedicated customer support team for quick assistance.


  • The user interface might seem a bit complex for beginners.
  • Limited promotional offers compared to other established platforms.

9. Fanatics


Fanatics has emerged as a compelling choice for enthusiasts keen on Kentucky Derby betting. It has managed to carve a niche for itself with its robust platform. Its focus on the Kentucky Derby makes it a preferred choice for many during the derby season. 


  • An array of betting options focuses on events, including the Kentucky Derby.
  • Innovative features and functionalities that enhance the betting experience.
  • A robust mobile application offering a seamless Kentucky Derby betting app experience.
  • Offers insightful tips and analyses to aid bettors.
  • Secure and transparent payment methods.


  • A dedicated section for Kentucky Derby betting, enhancing user experience.
  • Offers a robust mobile app for convenient Kentucky Derby betting.
  • Insights and analyses assist bettors in making informed decisions.
  • Secure and transparent payment processes, building trust with users.


  • The platform is relatively new and, hence might have limited features compared to established platforms.
  • Limited promotional offers and bonuses.

If you’re keen on exploring more international sporting events after the Kentucky Derby, don’t miss out on our comprehensive guide on the best sports betting apps available in India.

Kentucky Derby Best Bets

Which type of bet would be best for you? If you are also struggling with this question, then here we are, ready with the solution. In the coming part, we have listed top bets that you can prefer while betting. Let’s check them out.

1. WIN

In a ‘Win’ bet, you are wagering on a particular horse to emerge victorious in the race. This bet is quintessential and is often favored by novices due to its straightforward nature.

  • Highest payout among single bets.
  • Simple and straightforward.
  • Popular among beginners.
  • Ideal for those with strong convictions.


When placing a ‘Place’ bet, you are betting on a horse to finish either first or second. This bet is a prudent choice, offering a balance between risk and reward, and a higher probability of securing a payout compared to a ‘Win’ bet.

  • Moderately high payouts.
  • Greater chance of winning compared to ‘Win’.
  • Suitable for intermediate bettors.
  • Increases the suspense of watching the race.


A ‘Show’ bet is a conservative wager where you bet on a horse to finish in one of the top three positions. This betting type is known for lower yet safer payouts, making it an excellent option for cautious bettors.

  • Lower but safer payouts.
  • Ideal for cautious bettors.
  • Broadens the chance of a return.
  • Adds a conservative option to your betting portfolio.


‘Exotics’ involve a combination of more complex bets, such as betting on multiple horses and types of wagers. These bets cater to experienced bettors looking for higher stakes and payouts, offering an engaging and challenging betting experience.

  • Opportunities for high payouts.
  • Suitable for experienced bettors.
  • Increases engagement with the race.
  •  Offers a variety of betting options.


An ‘Exacta’ bet involves selecting two horses to finish in the exact first and second order. This bet is characterized by higher payouts than ‘Win’ bets, attracting bettors with a strategy and a knack for precise predictions.

  • Higher payouts compared to ‘Win’.
  • Requires precise predictions.
  • Suitable for strategic bettors.
  • Adds a layer of excitement to betting.


The ‘Trifecta’ is a step up from the ‘Exacta’, requiring bettors to correctly predict the first three horses in the exact order of finish. This bet is popular amongst seasoned bettors, offering the potential for substantial payouts and an intriguing layer of strategy.

  • Potential for substantial payouts.
  • Requires skillful predictions.
  • Ideal for seasoned bettors.
  •  Adds complexity and fun to the betting experience.


A ‘Superfecta’ bet is one of the more challenging wagers, demanding bettors to correctly identify the top four horses in the exact finishing order. This bet is suited for expert bettors, promising extremely high payouts if successful.

  • Offers extremely high payouts.
  • Suitable for expert bettors.
  • Requires deep knowledge of the field.
  • Adds an element of strategy to your bets.


The ‘Super High Five’ is the pinnacle of betting difficulty, asking bettors to predict the first five finishing horses in the exact order. This bet offers the highest potential payouts, making it a thrilling choice for betting veterans looking for a grand win.

  • Offers the highest potential payouts.
  • Suitable for veterans of betting.
  • Requires thorough analysis.
  • Ultimate challenge for bettors aiming for a grand win.

After the thrill of the Kentucky Derby, if you’re looking to venture into traditional sports, get familiar with our expertly curated list of the top Kabaddi betting apps and sites.

Top 5 Long Shot Value Horses for the 2023 Kentucky Derby

As the excitement builds up for the 2023 Kentucky Derby, all eyes are on the front runners that have been dominating the headlines. However, the real thrill in betting often lies in identifying the potential dark horses. So, let’s check all the potential horses.

1. Mage (15-1)

Mage (15-1)

Jockey: Edgar Perez

Recent Performance: Dominated the recent race, maintaining a substantial lead and finishing strong.

Noteworthy: Known for its speedy finishes and comes from a lineage of the renowned horse, Good Magic.

2. King’s Barn (12-1)

King's Barn (12-1)

Jockey: Flavian Pratt

Recent Performance: Maintained a significant lead in the Louisiana Derby, showing potential for the Kentucky Derby.

Noteworthy: Undefeated in the last three races, showcasing a strong track record.

3. Skinner (20-1)

Skinner (20-1)

Recent Performance: Demonstrated a strong presence in recent races, fighting fiercely in the final stretches.

Noteworthy: Known for its determination and ability to surge in the late stages of a race.

4. Confidence Game (20-1)

Confidence Game (20-1)

Recent Performance: Managed to secure a substantial lead in recent races, showcasing a strong potential for the Derby.

Noteworthy: Has displayed impressive speed and stamina, especially in the latter parts of races.

5. Two Fields (12-1)

how to bet on kentucky derby with Two Fields (12-1)

Recent Performance: Delivered a commanding performance in the last race, pulling away decisively in the final furlong.

Noteworthy: Known for its passionate runs and dominant finishes.

Passionate about more than just horse racing? Branch out into the world of cricket betting. Check out our recommendations for the best cricket betting apps to elevate your wagering experience.

Frequently Asked Questions

Q1. What are the top sites to bet on the Kentucky Derby?

Some of the top sites for betting on the Kentucky Derby are Twinspire, BetMGM, Caesars Sportsbook, DraftKings, FanDuel, bet365, and ESPN Bet. Each of these platforms offers unique features and benefits which are detailed in the article.

Q2. What types of bets can I place on the Kentucky Derby?

You can place various types of bets including Win, Place, Show, Exotics, Exacta, Trifecta, Superfecta, and Super High Five. The article contains a detailed section explaining each type of bet along with its features.

Q3. What should I consider when choosing a horse to bet on?

When choosing a horse to bet on, consider factors such as the horse’s previous performance, current form, pedigree, and the expertise of the jockey and trainer. It’s also beneficial to study the odds and market trends before placing your bets.


Stepping into the world of Kentucky Derby betting has never been easier. With a variety of trustworthy platforms at your fingertips, you are all set to immerse yourself in the excitement that this grand event has to offer. Whether you’re a novice or an experienced bettor, our guide has equipped you with all the necessary tools to navigate the betting landscape with ease and confidence.

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