Kentucky Derby Betting Sites in Canada
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Betting on the Kentucky Derby in Canada
How to Bet on the 2024 Kentucky Derby
Betting on the Kentucky Derby is a thrilling experience, and there are numerous ways to place your bets. After all, betting on the Kentucky Derby is more complex than just picking a horse to win.
Many trusted sites provide odds for numerous online wagers, offering handicappers a multitude of exhilarating bets. If you reside in Canada and “how to bet on the Kentucky Derby” is one of your concerns, below is how to sign up with a reputable sportsbook and start betting on the prestigious event.
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Step 1
Find a Reputable Sportsbook Offering Kentucky Derby Betting
Begin by researching different sportsbooks that offer Kentucky Derby betting markets, and choose one that is trustworthy, reliable, and meets your betting needs. You can also choose from our recommendations for the best online sports betting in Canada.
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Step 2
Create an Account
Once you have chosen a sportsbook, you must create an account by providing information such as your name, address, and email. You must also create a username and a secure password to access your betting account.
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Step 3
Make an Initial Deposit
You must make an initial deposit into your account to start placing bets. You will find a variety of payment methods, such as credit cards, debit cards, bank transfers, or e-wallets. Sportsbooks also offer welcome bonuses, such as deposit match bonuses, risk-free bets, and enhanced odds, to help players get started.
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Step 4
Browse the Available Betting Options
Once you have funds in your account, go to the horse racing section and browse the betting options available for the Kentucky Derby. Some common types of bets include win, show, place, exacta, trifecta, and superfecta. Each bet has its own odds and payouts; hence, it is crucial to conduct your own research and understand the different options before placing wagers.
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Step 5
Place Your Bets
Once you have chosen the bets you want to place, add them to your bet slip and confirm your wagers. Always double-check your selections before submitting your bets because you cannot take them back once they are confirmed.
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Step 6
Tune Into the Kentucky Derby Live
On the day of the Kentucky Derby, it is a good idea to watch the race live and check if your bets have won. If you are lucky enough to win, your winnings will be credited to your sportsbook account. Since betting is about fun, you should watch the race and experience the thrill of the event yourself.
Types of Horse Racing Bets: Kentucky Derby Bets
As mentioned, betting on the Kentucky Derby goes beyond choosing a single horse to become the champion. Below are the most popular types of horse racing bets for the Kentucky Derby:
Straight Bets
Straight bets in Kentucky Derby online betting are suitable for bettors to get started. These bets, i.e., win, place, and show, allow players to pick a horse to either win outright or finish first, second, or third.
Exotic Bets
Straight bets can be thrilling, but if you are looking to up the excitement level of Kentucky Derby betting, exotic bets are the way to go. Such bets require you to choose two or more horses and have the potential for larger payouts. These wagers are more complex and challenging to win, but the potential rewards make them worthwhile.
Reading Kentucky Derby Odds
Even though some US-based sportsbook platforms use American odds (or moneyline odds), odds for the Kentucky Derby are usually shown as fractions.
To understand fractional odds such as 10/1, take the numerator, divide it by the denominator, and subsequently multiply the outcome by the chosen bet amount. For instance, if you bet CAD 50 on Rich Strike, the victor of the 2022 Kentucky Derby, at his final odds of 80-1, you would have received a total of CAD 5,000. Below is how the formula goes:
50/1= CAD 5,000
50 x CAD 50=$5,000
Fractional odds are straightforward to calculate when the denominator is 1. That said, some may include 2 or even a 5. You will use the same formula to determine your potential winnings in such a case. For instance, placing a CAD 50 bet on 9/5 odds means receiving $90 upon winning, as explained below:
9/5=1.8
1.8 x CAD 50= CAD 90
2024 Kentucky Derby Top Contenders Breakdown
Below, we will list the top contenders for the 2024 Kentucky Derby:
Forte (Scratched)
Tapit Trice
Tapit Trice is a 3-year-old colt and has raced from 2022 to 2023. Bred in Kentucky by Gainesway Thoroughbreds Ltd. and trained by Todd A. Pletcher, he has raced for Gainesway Stable and Whisper Hill Farm LLC. Tapit Trice has secured victories at Gulfstream Park, Tampa Bay Downs, Aqueduct, Keeneland, and Gulfstream Park.
Practical Move (Scratched)
Angel of Empire
Angel of Empire is a 3-year-old colt who has competed from 2022 to 2023. Bred in Pennsylvania by Forgotten Land Investment Inc. and Black Diamond Equine Corp., he was trained by Brad H. Cox. Angel of Empire has secured wins at Oaklawn Park, Fair Grounds, and Horseshoe Indianapolis.
Derma Sotogake
Derma Sotogake is a 3-year-old chestnut colt bred at Shadai Farm in Chitose, Japan. Trained by Hidetaka Otonashi, Derma Sotogake has raced for Hiroyuki Asanuma. Derma Sotogake has emerged victorious at Santa Anita Park, Meydan (UAE), King Abdulaziz Racecourse (KSA), and Churchill Downs.
Kingsbarns
Kingsbarns is a 3-year-old colt who has competed in 2023. Bred in Kentucky by Parks Investment Group, LLC, Kingsbarns was trained by Todd Pletcher and has competed for Spendthrift Farm LLC. Kingsbarns has collected wins at Tampa Bay Downs, Gulfstream Park, and Fair Grounds.
History of the Kentucky Derby
The Kentucky Derby is a sports event with a rich history. The event has been held since 1875 and is the longest-running sporting event in the US. The race is exclusive to the most talented three-year-olds and is fondly called “the most exciting two minutes in sports.” The Kentucky Derby takes place at the Churchill Downs Racetrack. The prestigious event has seen some of the sport’s most talented win, such as American Pharaoh, Smarty Jones, California Chrome, and last year’s winner, Lucky Strike.
It is also interesting to note that Bob Baffert has won the famous contest under the Twin Spires six times, making him the most successful horse racing trainer. In 2018, Justify made history by becoming the first-ever horse in over a century since Apollo (1882) to win the Grade 1 prize, breaking the “Apollo Curse.” This is especially interesting, considering Justify had not run as a two-year-old.
Kentucky Derby Past Champions
The Kentucky Derby is among the most prestigious horse races worldwide, producing unforgettable moments and champions. Below are the past winners of the Kentucky Derby in recent years:
- Rich Strike (2022): Trained by Eric Reed, Rich Strike won in a time of 2:02:61
- Mandaloun (2021): Trained by Brad Cox, Mandaloun won in a time of 2:01.02.
- Authentic (2020): Trained by Bob Baffert, Authentic won in a time of 2:00.61.
- Country House (2019): Trained by Bill Mott, Country House won in a time of 2:03.93.
- Justify (2018): Trained by Bob Baffert, Justify won in a time of 2:04.20.
- Always Dreaming (2017): Trained by Todd Pletcher, Always Dreaming won at 2.03:59.
Kentucky Derby Betting Tips
If you are looking to bet on the Kentucky Derby, below are some Kentucky Derby betting tips to help you get the most out of your experience:
Kentucky Derby FAQ
Can you legally bet on horses online?
If you want to bet on horse racing online, you have Canadian options, though how they line up with regulations is complicated. Sites that work across Canada will tend to have options for horse racing betting online, though Ontario regulated sites won’t have them.
Where and when is the Kentucky Derby held?
The Kentucky Derby race will be held on Saturday, May 6, 2024, at Churchill Downs in Louisville, Kentucky.
Is betting on the Kentucky Derby safe?
Yes. It is safe to bet on the Kentucky Derby as long as you place your wagers with a reputable sportsbook.
How many horses compete in the Kentucky Derby?
The Kentucky Derby field is restricted to 20 runners. Compared to the numerous horse races that occur daily around the globe, this is considered to be a large number of runners.