Don't miss the "Most Exciting Two Minutes in Sports" on Saturday, May 4th, at Churchill Downs. Bet Now on Kentucky Derby. Ready for the spectacle that is the Kentucky Derby? How about placing a wager on your favorite Trainer. From Bob Baffert to Mark Casse, you have all the top trainers available for wagering.

Why place a bet on the horse to win the Kentucky Derby when you can do it on the Trainer. Kentucky Derby Trainer Odds American Odds Fractional Odds Mark E.

Bet Now on Derby Trainers! How about betting on the jockey who will win the Kentucky Derby? Yes, you can do that too! BUSR offers more wagers on the Kentucky Derby than any other horse betting site. If you have an idea to bet on the derby, send us an email and we will see if it can be added!

Want to start making some future bets on the Field Marshals of Racing who send out their troops [Jockey and Horse] to win the big races? Churchill Downs, Kentucky Derby, Kentucky Oaks, the "twin spires design," "Road to the Roses" and Churchill Downs Incorporated-related trademarks are registered trademarks of Churchill Downs Incorporated or its affiliates collectively CDI.

CDI does not sponsor or endorse, and is not associated or affiliated with US Racing or its products, services or promotions.

US Racing provides free information, odds, facts and commentary about the Kentucky Derby and horse racing and betting, in general. Third party marks may be referenced in a transformative, editorial, informational, nominative, critical, analytical or comparative context. US Racing may reference marks belonging to third parties pursuant to our right to engage in fair use, fair comment, statutory fair use or trade mark fair use doctrine.

However, 5 of the last 7 Kentucky Derby winners ran in the Florida Derby, and Forte took home first place. Run style is essential when assessing Kentucky Derby odds. However , nearly every other winner in the last decade has raced close to the pace and the ability to lay up handy, no matter the gate, is ultimately a crucial factor.

Any horse not near the front by the home turn almost certainly has too much to do. Now that the race has passed, we'll be looking ahead to the historic th Kentucky Derby in ! Check back soon for our early predictions.

Sporting events don't get more historic than the Kentucky Derby. First run in , it is officially the longest-running sports event in the United States. Only the best three-year-olds get to compete in a race dubbed "the most exciting two minutes in sports.

Staged at the historical Churchill Downs Racetrack, the race has been won by some of the sport's greats, including the likes of American Pharaoh , California Chrome , and Smarty Jones.

Bob Baffert is the most winning modern-day horse racing trainer with six victories in the famous contest under the Twin Spires, while winner Justify became the first horse since Apollo in well over one hundred years to win the Grade 1 prize without having raced as a two-year-old.

History was made at Churchill Downs Racetrack in , with Rich Strike becoming the biggest-priced winner of the Kentucky Derby in over years.

Rich Strike was sent off an unconsidered chance in Kentucky Derby odds. Still, jockey Sonny Leone captured the nation's hearts by coming from off the speed on the Eric Reed-trainer underdog, who was only entered into the race after another horse was scratched.

Some of the biggest stars in horse racing have won the Kentucky Derby, including the great Secretariat who still holds the record Here are the fastest times in the history of the mile-and-a-quarter race:.

The Kentucky Derby is just the start to the most exciting racing season in the United States. There are several other major horse betting markets you can join after the Kentucky Derby.

But, before you pick your wagers, check out our guide to the best horse race betting apps of the year. The Kentucky Derby winner nearly always goes on to attempt the fabled Triple Crown, which a horse achieves by winning the three biggest U.

However, only 13 Kentucky Derby winners have gone on to earn a place as one of the greats of the sport. As more horses attempt this rare feat, you can follow Triple Crown odds as soon as they're released.

The Preakness Stakes takes place at Pimlico Race Course in the weeks following the Kentucky Derby. No horse has won the Preakness Stakes by further than than the and-a-half length success of Smarty Jones in Bob Baffert has won the race more than any other modern-day trainer but the eight-time winner hasn't got his hands on the Grade 1 prize since Justify scored en route to completing the Triple Crown in Follow Preakness Stakes odds in the lead up to 's race!

The Belmont Stakes is the last and often the most difficult leg of the Triple Crown to win, primarily because the 1-mile, 4 furlong contest is a stiffer stamina test than both the Kentucky Derby and the Preakness Stakes.

Follow Belmont Stakes odds in the lead up to 's race! Mage won the Kentucky Derby with a race time of Two Phil's placed in second, followed by the favorite heading into the race, Angel of Empire Mage came in third place at the Preakness Stakes, which means he cannot win the Triple Crown this year.

Angel of Empire was the favorite for the Kentucky Derby, trading at 4. Every other horse in Kentucky Derby odds was Fountain of Youth guide. Derby prep formulas. Battaglia fair odds. Join for Free. Home News Kentucky Derby odds: Recency bias sways Las Vegas futures.

Kentucky Derby odds: Recency bias sways Las Vegas futures. By Ron Flatter February 28, pm. Photo: Las Vegas Convention and Visitors Authority - edited.

Track Phantom Forever Young Sierra Leone Timberlake Dornoch Locked Gulfstream Park Fair Grounds Race Course Oaklawn Park King Abdulaziz-KSA Fountain of Youth Risen Star Saudi Derby Rebel Stakes Risen Star Saudi Derby Rebel Stakes Fountain of Youth Related Pages » Horse: Track Phantom.

Top Stories. Nysos is out of San Felipe, will target Santa Anita Derby. Fountain of Youth: Odds, PPs, more for Kentucky Derby prep.

Battaglia fair odds: Favorite is vulnerable in mandatory payout. Kentucky Derby See formulas for 4 points preps.

Derby works: No More Time is 1 of 14 futures choices on tab.

When it comes to the Kentucky Derby, the most popular bets are the win, place, and show bets, which are the most common. You simply pick the horse that you believe will win the Derby and place your bet on him. With exotic bets, betting on a horse race can become a little more complicated, but there are some that are worth mentioning because they are entertaining and interesting.

Exotic bets are those that payout a combination of factors. For example, if you believe that horse No. Taking it a step further, you can place a wager on the first, second, and third horses to cross the finish line.

You must have those three horses finish in that exact order in order to win this wager. Despite the fact that it is hard to win this bet, many people enjoy making accurate predictions and hoping that their luck holds out because the payout is quite substantial. How does it work? The more you deposit, the bigger the bonus!

Join today! If you win your bet, great! Bet on the Trainers And Other Exclusive Kentucky Derby Props Anybody can place a bet who will win the Kentucky Derby, but what about placing a bet on what Trainer will win the Derby? How about Bob Baffert or Todd Pletcher? Additional prop bets are available like the margin of victory, the winning time vs Secretariat, a Triple Crown contention and more.

Kentucky Derby Odds are live, bet now! Bet on JOCKEYS During the Kentucky Derby Sure, anyone can offer Kentucky Derby Odds but what about making a bet on a jockey?

Bet the Kentucky Derby Today! Join Now. Proudly featured on:. Online Horse Betting Off Track Betting Online Horse Wagering Horse Racing Odds Horse Racing Schedule. Bet on Horses Travers Stakes Whitney Stakes.

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US Racing About Us Sign Up Today USRacing. Take the favorite at your own risk. The challenge when deciding on a horse in the second tier of the oddsboard is that section is usually among the largest. So how do you differentiate between contenders? This is where it can pay literally to listen to those who follow horse racing closely, especially if you're a casual horse bettor.

Those experts have been following the Kentucky Derby entrants for a while, and they might know edges you can parlay into wagering success.

What's more fun than connecting on a Derby long shot? Two of the longest bets in the history of the race come through over the past few years. It's best to hitch your wagon to a long shot early.

Betting on future favorites months before the race can be quite risky, as so much can go wrong. It isn't nearly as exciting to consider which horses to avoid, but the process can be equally as important to your long-term betting success.

Simply put, not every Kentucky Derby entrant is fit to contend — and knowing which horses to fade can make your process a lot easier. According to TwinSpires , Americans can legally wager on horse racing in the following states:.

With an online Kentucky sports betting market looking likely by next year, Kentucky horse racing fans should be able to bet from anywhere in the state for Kentucky Derby You can also check out our list of the best Kentucky Derby betting sites here!

For those looking to convert fractional horse racing odds to American or decimal odds, you can use our free and handy odds converter. Gambling Problem?

Best Sportsbooks Betting Sites Best Sportsbook Promos U. only Kentucky Sports Betting Kentucky Sportsbook Promos Kentucky Sports Betting Apps.

Simply put, not every Kentucky Derby entrant is fit to contend — and knowing which horses to fade can make your process a lot easier. According to TwinSpires , Americans can legally wager on horse racing in the following states:.

With an online Kentucky sports betting market looking likely by next year, Kentucky horse racing fans should be able to bet from anywhere in the state for Kentucky Derby You can also check out our list of the best Kentucky Derby betting sites here!

For those looking to convert fractional horse racing odds to American or decimal odds, you can use our free and handy odds converter.

Gambling Problem? Best Sportsbooks Betting Sites Best Sportsbook Promos U. only Kentucky Sports Betting Kentucky Sportsbook Promos Kentucky Sports Betting Apps. US-Venezuelan Jockey Javier Castellano on Mage races during the th Kentucky Derby at Churchill Downs Racetrack in Louisville, Kentucky, on May 6, Horse Odds Awesome Road Bentornato Bergen Billal Booth Carbone Catching Freedom Copper Tax Dancing Groom Domestic Product Dornoch Drum Roll Please Fierceness Glengarry Informed Patriot Kitty Hawk Knightsbridge Liberal Arts Lightline Locked Merit Moonlight Mystik Dan Nash Nutella Fella Otto the Conqueror Parchment Party Private Desire Real Men Violin Risk It Sierra Leone Stolen Magic Stretch Ride Stronghold The Wine Steward Timberlake West Saratoga Where's Chris All Other Fillies All Other Colts and Geldings Kentucky Derby Odds Preakness Stakes Odds Belmont Stakes Odds Kentucky Derby Post Position Preakness Stakes Post Position Belmont Stakes Post Position.

Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Missouri Montana Nebraska New Hampshire New Mexico New York North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Dakota Tennessee Vermont Virginia Washington West Virginia Wisconsin Wyoming.

Written By: Robert Criscola Twitter link Robert M. Criscola is a veteran sportswriter from Brooklyn, NY whose work has appeared at Covers.

com, MetroBet, TwinSpires Edge, and Horse Racing Nation. Related Articles Nuggets vs. USC vs. by Rob Paul 5 hours ago. NC State vs. by Mike Spector 5 hours ago. Georgia Voters To Have Their Say on Legal Sports Betting by James Bisson 19 hours ago.

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Preakness Stakes Odds. Belmont Stakes Odds. Kentucky Derby Post Position. Jockey Club G2 , CD Top Conor 1st MSW, GP Valentine Candy 1st Ozark, OP Woodcourt 4th Rebel G2 , OP Be You 5th MSW, GP Better Than Gold 6th Robert B.

Lewis, SA First World War 1st Kitten's Joy G3 , GP t My Boy Prince 3rd BC Juvenile Turf, SA t Noted 7th Kitten's Joy G3 , GP t Slider 3rd San Vicente G2 , SA Time for Truth 2nd Ozark, OP Turn Up the Trees 7th alw OC, GP t Antonio of Venice 2nd Rego Park, AQU Ari's Magic 1st MSW, TAM Awesome Road 4th Southwest G3 , OP Beeline 1st MSW, GP Bentornato 3rd Saudi Derby G3 , KAR Billal 4th Swale, FG Bonus Move 3rd MSW, GP Booth 1st alw OC, OP Can Group 6th Lecomte G3 , FG Cardinale 11th Risen Star G2 , FG Catmansue 2nd alw OC, SA t Crafted 6th, R.

Allison Derby, SUN Dancing Groom 5th Holy Bull G3 , GP Eliminate 1st MSW, AQU Encino 1st MSW, TP aw Footprint 3rd alw OC, OP Gettysburg Address 4th alw OC, OP Give Me a Reason 1st MSW, OP Hawks Creek 3rd MSW, FG Katheeb 9th alw OC, GP t Khanate 5th Withers G3 , AQU Maycocks Bay 1st alw OC, FG Moonlit Sonata 5th Robert B.

Classic Distaff Turf Sprint Mile Juvenile Juv Fillies All Races Breeders' Cup News Breeders' Cup History. Search All News Featured Blogs - From Coast to Coast - HorseCenter Video Show - The Kentucky Derby Post - New York State of Racing - On the Air with Dr.

Derby - Pedigree Power - Setting the Pace - Zipse At The Track All Blogs. Graded Stakes Picks - Belmont Big A - Gulfstream - Power Picks all tracks - Free Picks - HRN Picks Login - HRN Super Screener - The Paddock Prince - HRN Pro Reports 7 reports in one - Pro reports explained.

Play Contests on DerbyWars! About Horse Racing Nation - Contact Us - Meet the Team - Careers at HRN Follow Us! Fountain of Youth guide. Derby prep formulas. Battaglia fair odds. Join for Free. Home News Kentucky Derby odds: Recency bias sways Las Vegas futures.

Kentucky Derby odds: Recency bias sways Las Vegas futures. By Ron Flatter February 28, pm. Photo: Las Vegas Convention and Visitors Authority - edited. Track Phantom Forever Young Sierra Leone Timberlake Dornoch Locked Gulfstream Park Fair Grounds Race Course Oaklawn Park King Abdulaziz-KSA Fountain of Youth Risen Star Saudi Derby Rebel Stakes Risen Star Saudi Derby Rebel Stakes Fountain of Youth Related Pages » Horse: Track Phantom.

Top Stories. Nysos is out of San Felipe, will target Santa Anita Derby. Fountain of Youth: Odds, PPs, more for Kentucky Derby prep. Battaglia fair odds: Favorite is vulnerable in mandatory payout. Kentucky Derby See formulas for 4 points preps.

Those experts have been following the Kentucky Derby entrants for a while, and they might know edges you can parlay into wagering success. What's more fun than connecting on a Derby long shot? Two of the longest bets in the history of the race come through over the past few years.

It's best to hitch your wagon to a long shot early. Betting on future favorites months before the race can be quite risky, as so much can go wrong. It isn't nearly as exciting to consider which horses to avoid, but the process can be equally as important to your long-term betting success.

Simply put, not every Kentucky Derby entrant is fit to contend — and knowing which horses to fade can make your process a lot easier. According to TwinSpires , Americans can legally wager on horse racing in the following states:.

With an online Kentucky sports betting market looking likely by next year, Kentucky horse racing fans should be able to bet from anywhere in the state for Kentucky Derby You can also check out our list of the best Kentucky Derby betting sites here! For those looking to convert fractional horse racing odds to American or decimal odds, you can use our free and handy odds converter.

Gambling Problem? Best Sportsbooks Betting Sites Best Sportsbook Promos U. only Kentucky Sports Betting Kentucky Sportsbook Promos Kentucky Sports Betting Apps. US-Venezuelan Jockey Javier Castellano on Mage races during the th Kentucky Derby at Churchill Downs Racetrack in Louisville, Kentucky, on May 6, Horse Odds Awesome Road Bentornato Bergen Billal Booth Carbone Catching Freedom Copper Tax Dancing Groom Domestic Product Dornoch Drum Roll Please Fierceness Glengarry Informed Patriot Kitty Hawk Knightsbridge Liberal Arts Lightline Locked Merit Moonlight Mystik Dan Nash Nutella Fella Otto the Conqueror Parchment Party Private Desire Real Men Violin Risk It Sierra Leone Stolen Magic Stretch Ride Stronghold The Wine Steward Timberlake West Saratoga Where's Chris All Other Fillies All Other Colts and Geldings Kentucky Derby Odds Preakness Stakes Odds Belmont Stakes Odds Kentucky Derby Post Position Preakness Stakes Post Position Belmont Stakes Post Position.

Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Missouri Montana Nebraska New Hampshire New Mexico New York North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Dakota Tennessee Vermont Virginia Washington West Virginia Wisconsin Wyoming.

We are here to assist you in getting up to speed. Horse betting odds are essentially a reward-to-risk ratio that is expressed in percentages. The odds are affected by the wagers of other players, hence why they are constantly changing.

In horse racing, you are wagering alongside other people. The greater the number of people who bet on a horse, the lower the odds of that horse winning will be.

Because the odds can change up until the beginning of the race, any winning wagers would be paid out at the odds that were in effect when the betting closed.

When it comes to the Kentucky Derby, the most popular bets are the win, place, and show bets, which are the most common. You simply pick the horse that you believe will win the Derby and place your bet on him.

That means he held a ticket with the winners of both races all but five times in the last 15 years. He's also called 10 of the last 19 Preakness winners, including nailing his Preakness winner, exacta and superfecta picks in , keenly understanding when the Kentucky Derby winner was poised for victory or a massive upset.

Anyone who has followed him is up huge. Now, with the Kentucky Derby odds already on the board, Demling is sharing his picks and Kentucky Derby predictions over at SportsLine.

Go here to see them. One of Demling's surprising Kentucky Derby picks: He is fading Fierceness, even though he's one of the favorites at However, he was a wildly disappointing seventh in the Champagne Stakes less than a month before his big two-year-old win and then finished third in the Holy Bull Stakes earlier this month to start his three-year-old season.

Trainer Todd Pletcher is expected to send him to the Florida Derby next month where he'll probably need to at least hit the board to earn enough points to qualify for the Kentucky Derby. See which other Kentucky Derby horses to avoid at SportsLine.

Another stunner: Demling is high on Honor Marie, even though he's a longshot. He's a target for anyone looking for a huge payday. Sired by Honor Code out of Smart Strike mare Dame Marie, Honor Marie already has a pair of wins at Churchill Downs from his two-year-old season. The D.

Whitworth Beckman-trained colt broke his maiden at Churchill Downs in September, finished second in an allocated race at the acclaimed track and winning the Kentucky Jockey Club there in November.

Dornoch replaced Fierceness as the Las Vegas futures favorite for Kentucky Derby , but it was a horse not among the betting choices who made noise from the outside. It was pretty impressive. Flashback: Baffert horses will stay out of Kentucky Derby. Nysos was at Circa and at Caesars just before his trainer Bob Baffert told the Los Angeles Times early last week that he and his client owners would not move any of his 3-year-olds to stables that are welcome in the Derby.

Baffert remains under an indefinite Churchill Downs suspension that began when Medina Spirit failed a post-Derby drug test in Fierceness, the Eclipse Award winner who finished third as the favorite Saturday in the Holy Bull G3 at Gulfstream Park, drifted from to at Circa Sports and from to at Caesars Sportsbook to become the second choice in Las Vegas.

Circa cut him from to Caesars took him from to , or plus Three of the Derby prep winners Saturday were among the biggest market movers this week.

Holy Bull upset victor Hades was posted at at Caesars and was shortened from to at Circa. Uncle Heavy opened at at Circa and at Caesars thanks to his triumph in the Withers G3 at Aqueduct.

Mystik Dan was cut from to at Caesars and from to at Circa after he splashed to victory in the Southwest G3 at Oaklawn. Four horses were added and 19 dropped in the past week, leaving these in the Kentucky Derby futures for Nevada bettors at Caesars Sportsbook and Circa Sports.

They are listed in order of their best odds Wednesday morning. Jockey Club G2 , CD Resilience 1st MSW, GP Amante Bianco 1st Cattleya, TOK Born Noble 2nd alw OC, GP Catching Freedom 1st Smarty Jones, OP Just a Touch 1st MSW, FG Nash 2nd Lecomte G3 , FG The Wine Steward 2nd Breeders' Fut.

G1 , KEE Air of Defiance 1st MSW, KEE Carbone 7th Southwest G3 , OP Change of Command 1st alw OC, GP Just Steel 2nd Southwest G3 , OP Parchment Party 1st alw OC, CD Liberal Arts 3rd Southwest G3 , OP Otello 6th Holy Bull G3 , GP Real Macho 1st alw OC, GP Rhyme Schemes 1st Sar. Special G2 , SAR Stretch Ride 3rd Ky.

Jockey Club G2 , CD Domestic Product 2nd Holy Bull G3 , GP Hades g 1st Holy Bull G3 , GP Mystik Dan 1st Southwest G3 , OP Agate Road 2nd Dania Beach, GP t Bergen 1st Jimmy Winkfield, AQU Cardinale 2nd alw OC, GP Crushed It 2nd MSW, OP Elysian Meadows 1st alw OC, AQU Ethan Energy 4th Lecomte G3 , FG Pirate 3rd Hopeful G1 , SAR Real Men Violin 2nd Ky.

Davis, TAM Alotaluck g 2nd Sunland Derby G3 , SUN Catire Vizcaya 5th alw OC, TAM Crazy Mason 6th Sam F. Davis, TAM Crushed It 5th MSW, OP Curlin's Kaos 4th Sunland Derby G3 , SUN Elysian Meadows 4th Sam F.

Davis, TAM Informed Patriot 5th Sunland Derby G3 , SUN Le Dom Bro 2nd Swale, FG Merit 3rd alw OC, GP Moonlight 9th Risen Star G2 , FG Next Level 8th Rebel G2 , OP Stretch Ride 3rd Ky. Jockey Club G2 , CD Top Conor 1st MSW, GP Valentine Candy 1st Ozark, OP Woodcourt 4th Rebel G2 , OP Be You 5th MSW, GP Better Than Gold 6th Robert B.

Lewis, SA First World War 1st Kitten's Joy G3 , GP t My Boy Prince 3rd BC Juvenile Turf, SA t Noted 7th Kitten's Joy G3 , GP t Slider 3rd San Vicente G2 , SA Time for Truth 2nd Ozark, OP Turn Up the Trees 7th alw OC, GP t Antonio of Venice 2nd Rego Park, AQU Ari's Magic 1st MSW, TAM Awesome Road 4th Southwest G3 , OP Beeline 1st MSW, GP Bentornato 3rd Saudi Derby G3 , KAR Billal 4th Swale, FG Bonus Move 3rd MSW, GP Booth 1st alw OC, OP Can Group 6th Lecomte G3 , FG Cardinale 11th Risen Star G2 , FG Catmansue 2nd alw OC, SA t Crafted 6th, R.

Allison Derby, SUN Dancing Groom 5th Holy Bull G3 , GP Eliminate 1st MSW, AQU Encino 1st MSW, TP aw Footprint 3rd alw OC, OP Gettysburg Address 4th alw OC, OP Give Me a Reason 1st MSW, OP Hawks Creek 3rd MSW, FG Katheeb 9th alw OC, GP t Khanate 5th Withers G3 , AQU Maycocks Bay 1st alw OC, FG Moonlit Sonata 5th Robert B.

Classic Distaff Turf Sprint Mile Juvenile Juv Fillies All Races Breeders' Cup News Breeders' Cup History. Search All News Featured Blogs - From Coast to Coast - HorseCenter Video Show - The Kentucky Derby Post - New York State of Racing - On the Air with Dr. Derby - Pedigree Power - Setting the Pace - Zipse At The Track All Blogs.

Graded Stakes Picks - Belmont Big A - Gulfstream - Power Picks all tracks - Free Picks - HRN Picks Login - HRN Super Screener - The Paddock Prince - HRN Pro Reports 7 reports in one - Pro reports explained.

Play Contests on DerbyWars! About Horse Racing Nation - Contact Us - Meet the Team - Careers at HRN Follow Us! Fountain of Youth guide. Derby prep formulas. Battaglia fair odds.

Join for Free. Refer to our list of legal states for betting on horse racing to see if horse race betting is legal in your state via the FanDuel Racing app.

Almost all sports betting sites offer fixed-odds betting on horse racing. Following the changes to the iGaming regulations on April 4, , horse racing betting is no longer available at sportsbooks.

Those in Ontario who are looking to bet on the Kentucky Derby will need to sign up at one of Woodbine's two online offerings, HPIbet and Dark Horse Bets. Kentucky Derby rankings are determined by a points system that assigns a point value to each of the designated prep races leading up to the Kentucky Derby during the first Saturday of May.

The system is designed to reward the top performers in the most important races, while also taking into account the overall consistency and success of each horse throughout the season. The horses with the most points at the end of qualifying are guaranteed a spot in the Kentucky Derby starting gate, with the remaining spots filled by horses with the next highest point totals.

In the event of a tie in points, the horse with the highest earnings in graded stakes races will be given preference. The Kentucky Derby rankings are updated weekly leading up to the race as new prep races are run and points are awarded, so the rankings can change quite a bit over the course of the qualifying season.

Kentucky Derby odds are based on a horse's past performance, jockey and trainer success, and public perception. The odds are determined by an oddsmaker that works for the track or an off-track betting facility, and their goal is to set odds in a way that will balance the amount of money bet on each horse, so that the track or betting facility will make a profit regardless of which horse wins.

The oddsmakers start by analyzing each horse's past performance, looking at factors such as speed figures, finishing times, and previous wins and losses.

They consider the jockey and trainer, looking at their track records and success rates in past races. The oddsmakers take into account any recent news or changes that may affect a horse's performance, such as injuries, equipment changes, or changes in the track conditions.

The oddsmakers look at the public's perception of each horse, considering factors such as media coverage, social media buzz, and the horse's popularity with fans.

Based on all of these factors, the oddsmakers assign each horse a morning line, which is the initial set of odds that are released to the public before the race.

Once the betting starts, the odds will fluctuate based on how much money is bet on each horse. If a lot of money is bet on a particular horse, the odds will go down, while if considerably less money is bet on a horse, the odds will go up.

Kentucky Derby odds are designed to reflect the public's perception of each horse's chances of winning, while also ensuring that the track or betting facility makes a profit regardless of the outcome. Here are some of the most common types of horse racing bets available at Churchill Downs and beyond:.

Win: This is a simple bet on which horse will win the race. If your horse finishes first, you win the bet. Place: This is a bet on which horse will finish in second place or better. If your horse finishes first or second, you win the bet.

Show: This is a bet on which horse will finish in third place or better. If your horse finishes first, second, or third, you win the bet. Exacta: This is a bet on which horses will finish first and second in the correct order.

If you correctly predict the first and second place finishers, you win the bet. Quinella: This is a bet on which horses will finish first and second, regardless of the order. Trifecta: This is a bet on which horses will finish first, second, and third in the correct order.

If you correctly predict the first, second, and third place finishers in the correct order, you win the bet. Superfecta: This is a bet on which horses will finish first, second, third, and fourth in the correct order.

If you correctly predict the first, second, third, and fourth place finishers in the correct order, you win the bet. Daily Double: This is a bet on which horses will win two consecutive races. You must correctly predict the winner of both races to win the bet.