How to Bet on the Kentucky Derby: Easy Steps to Bet Today

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The 147th running of the Kentucky Derby takes place on Saturday, May 1, 2021.

You don’t need to be a horse racing enthusiast to place a bet on the Run for the Roses. Betting on the Derby online is easy and legal in 33 states – including several that don’t yet have legal sports betting.

Read on to learn where to bet on the Kentucky Derby, the most straightforward Derby bets you can make, and what to expect when placing a wager on this year’s event.

Where to Bet on the Kentucky Derby

Sports Betting Dime is partnered with TVG to bring you the best Kentucky Derby online betting experience and exclusive promos. TVG is the best-known online racebook for Derby betting and beyond, and they’re offering an awesome promo for this year’s Run of the Roses.

Using the links on this page is the easiest way to ensure you get the best promos for this year’s Derby.

Get ready to place your Kentucky Derby bets by following these easy step-by-step instructions.

  1. Click here to visit TVG and redeem the bonus offer.
  2. Make your first deposit of at least $50. We recommend depositing $300 to take full advantage of the promotion.
  3. Place your first single horse win-type bet up to $300
  4. If your bet loses, you’ll be refunded the full amount in site credit

For example, if your initial wager is $100, TVG will reward you with $100 in site credit if it comes up short.

To learn more about TVG and what its platform has to offer, check out our full review of the TVG racebook.

See the map below to confirm that TVG is available in your state:

Map of states where TVG accounts are availableMap of states where TVG accounts are available

The Easiest Kentucky Derby Bets

The three easiest wagers for a novice bettor to place on the Kentucky Derby are win bets, place bets, and show bets.

Let’s break down these simple wagers.

Win Bets

A win bet is the most intuitive of wagers – it means exactly what you think. You must select the horse that wins the Kentucky Derby to cash your ticket.

Place Bets

To cash your place bet, your horse must finish either first or second. These wagers are easier than win bets, so the payout will be slightly lower.

Show Bets

A show bet is successful when your horse finishes in first, second, or third. Your chances of success are higher with a show bet, therefore they’re less profitable than win bets or place bets.

Infographic outlining basic bets in horse racingInfographic outlining basic bets in horse racing

Check out our guide explaining how to pick a Kentucky Derby winner for more insight on what to expect at the Run for the Roses.

Ready to bet now? Get started TVG.

Place Your 2021 Derby Bet Today

Now that you know where and how to place a bet on the Kentucky Derby, it’s time to jump into the action. As of writing, Derby favorite Essential Quality was listed at +200 odds at TVG.

If you were to take advantage of the $300 Risk-Free Welcome Offer – you could score a cool $600 payout.

Here’s how it works:

  1. Open your account and make an initial deposit of at least $50.
  2. Bet any horse to win the Derby
  3. If your bet loses, you’ll be refunded the full amount in site credit, up to $300

At +200 odds, a $50 wager could net you $100 in profit. With the insurance the comes with TVG’s Kentucky Derby welcome offer, this deal is a no-brainer for new bettors on Derby Day.

Get Ahead with Horse Racing Betting Guides

Whether you’re new to horse racing or want to take your betting skills to the next level, Sports Betting Dime is here to help you place informed and confident wagers.

There’s still a couple of weeks to go until the 2021 Kentucky Derby, which means you have time to prepare yourself with all the knowledge you need.

Check out our complete list of Kentucky Derby betting sites  for a more comprehensive look at all available options on where to bet at.  Once you’ve got an account setup, we cover everything from horse racing rules, terminology, and how to read the odds to Derby betting trends that will get you up to speed. If you’re curious about more advanced horse racing betting types, this guide will help you understand them all.

Have fun and enjoy the action out there!


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