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Where to bet on The Kentucky Derby
Wagering on horse racing is not as simple as opening your online sportsbook app, unlike other sports.
In 1933, the approval of Michigan lawmakers gave the green light to pari-mutuel betting on horse racing. Subsequently, the Horse Racing Law of 1995 granted Michigan racetracks the ability to host simulcast racing events from various locations across North America. As of December 2019, an amendment to this law was made, permitting online horse betting in the state.
With this arrangement, bettors can place bets on horse racing in Michigan racetracks both online and through licensed horse betting operators using advance deposit wagering.
TVG is the leading online betting app for horse racing, while Twinspires and Xpressbet are two other options to consider.
If you’re interested in betting at a racetrack, visit Northville Downs at 301 S. Center St. in Northville. The track is currently hosting “Derby Week” with live racing events on Thursday and Friday, leading up to the main event on Saturday.
To attend the Kentucky Derby at Northville Downs, reservations are mandatory as seats are filling up quickly. For more information, please call 248-349-1000. Additionally, an express line will be available for those without reservations who wish to place wagers on the Derby.
How to bet on the Kentucky Derby
The Kentucky Derby offers a wide range of betting options for horse racing enthusiasts.
The fundamental wagers are referred to as straight bets, which encompass:
- Place your bet on the horse to win.
- Location: You place a bet on the horse to come in either first or second place.
- Show: You wagered on the horse to place in the top three positions.
Individuals who are truly seeking to achieve a substantial financial gain will choose to place exotic bets. These types of bets encompass a variety of options, such as:
- The Exacta bet involves predicting the first and second place horses in a specific order, offering significant payouts for correctly choosing the exact finishing order. Alternatively, you can choose to box this bet, allowing for two separate bets where the order of finish can be flipped.
- Quinella betting involves selecting two horses to finish first and second, regardless of their order. While picking the top two finishers can lead to decent payouts, the rewards are generally smaller compared to exacta bets.
- The Trifecta bet involves selecting three horses to finish in first, second, and third place respectively. If you manage to accurately predict the exact order of their finish, you can win even higher payouts. Alternatively, you have the option to box this bet, allowing the horses to finish in any order.
- The Superfecta is a bet where you predict the precise order of the top four finishing horses. If you manage to accurately guess the order, you’ll receive an impressive payout. However, keep in mind that if you choose to box this bet and allow flexibility in the finishing order, the cost of the wager increases significantly.
Breaking down the favorites
With an undefeated 5-0 record, Essential Quality strides into the race as the favored contender, having recently triumphed in both the Southwest Stakes and Blue Grass Stakes.
Both Trainer Brad Cox and jockey Luis Saez are in pursuit of their inaugural victory in the Derby.
Rock Your World, starting from the 15th position, is currently at 5-1 odds to secure a victory. This position was also held by the previous year’s winner, Authentic. With a flawless record of 3-0 and a recent triumph in the Santa Anita Derby, Rock Your World possesses the ability to lead the race from start to finish.
Joel Rosario, the jockey who rode Orb to victory in the 2013 Derby, is aiming for his second triumph. Meanwhile, trainer John Sadler is eager to secure his inaugural Derby win.
With odds of 6-1, Known Agenda is considered a strong contender despite the No. 1 position’s historical disadvantage. The last time the No. 1 position produced a winner was back in 1986. Known Agenda’s recent victory in the Florida Derby adds to its impressive track record.
Trainer Todd Pletcher has claimed victory at the Derby twice before, most recently in 2017 with Always Dreaming. Jockey Irad Ortiz Jr., on the other hand, is aiming for his inaugural triumph at the prestigious race.
Other names to keep an eye on
Whenever Bob Baffert enters a horse into a race, it demands attention. This time, the renowned trainer, who has won the Derby six times, presents Medina Spirit, positioned at No. 8 with odds of 15-1.
Last year, Authentic emerged victorious with 8-1 odds, led by the skilled jockey John Velasquez, a three-time Derby winner. Notably, the eight position, which has seen eight winners in the past, proved to be a lucky starting point for this dynamic duo.
No other position has produced as many Kentucky Derby champions as Position No. 5. This particular spot has emerged victorious 10 times, accounting for 11% of all winners. This year, Sainthood, a 50-1 underdog, has secured that very position.
Despite only securing one victory, Sainthood, another horse trained by Pletcher, has showcased impressive performance throughout its three races.
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