Kentucky Derby Odds

There are few sporting events as iconic as the Kentucky Derby. Heralded as the “most exciting two minutes in sports,” the Run for the Roses is held annually on the first Saturday in May at Churchill Downs in Louisville, Kentucky. There are plenty of available Kentucky Derby odds at sportsbooks that cover the Kentucky Derby betting action.

The 2020 Kentucky Derby, which was disrupted on the calendar because of the coronavirus COVID-19 pandemic, has been moved to the first Saturday in September.

The race is the centerpiece of a two-week-long festival that takes over the city of Louisville. The Kentucky Derby fills Churchill Downs to capacity each year at around 160,000 fans and attracts the largest crowd of all of the major North American horse races.

The race itself is contested at the classic distance of a mile and a quarter and holds Grade 1 status and a purse of $3 million. Since the inaugural running in 1875, the Kentucky Derby has been held every year. It is restricted to three-year-old Thoroughbreds but both colts and fillies are eligible to compete, though a filly has only won the race three times throughout history.

We have free 2020 Kentucky Derby expert picks here.

Kentucky Derby 2020 Winner

Congratulations to Authentic, who won the race ahead of the favourite Tiz the Law and Mr. Big News who grabbed the third spot. An excellent race by Authentic and jockey John Velazquez. 

Kentucky Derby Live Odds

The 2021 Kentucky Derby odds aren't yet available. The date and runners for the 147th edition of the event haven't been released yet.  These odds were last updated on November 12, 2020: 

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Kentucky Derby Traditions

The Kentucky Derby is rich with tradition and pageantry. From the mint juleps to the stirring rendition of “My Old Kentucky Home” as the horses make their way on to the track, the Kentucky Derby is one of the oldest and most prestigious events in all of the sports.

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Kentucky Derby Betting Sites

If you can't make it to Churchill Downs to watch the Kentucky Derby, heading to an online racebook is the next best way of boosting the excitement of one of the most prestigious races in the world. Always take the time to compare the different types of promotions that racebooks offer before signing up. Wagering services provide different types of betting boons, such as deposit bonuses and wagering rebates that help raise the odds of winning. Some sites offer cashback options, and others will refund a win wager that finishes second.

Kentucky Derby Final Odds

Nearly $150 million is wagered on the Derby itself. It often has a full field of 20 horses in the gate, meaning there are plenty of wagering opportunities and chances for big payouts. The average Kentucky Derby superfecta since 2009 has been nearly $40,000, ranging from $542 in 2016 to over $550,000 in 2009.

Longshots regularly win the Derby, with Country House scoring at 65-1 in 2019, Animal Kingdom at 20 – 1 in 2011, and both Mine That Bird and Giacomo at 50 – 1 in 2009 and 2005. Before the current Road to the Kentucky Derby points system was installed by Churchill Downs in 2012, longshots won more regularly, but after the change, there has only been one winner that wasn’t a wagering favorite.

52 of 145 Kentucky Derbies have been won by the favorite. Not a single favorite won the race from 1979 until 2000, then 10 favorites scored from 2001 until 2019.

Kentucky Oaks Odds

There is also a special wager, the Oaks/Derby Double, which offers betting on the Kentucky Derby’s sister race, the Kentucky Oaks, the day before in conjunction with the Derby itself. Bettors are asked to pick the winner of each race over the two days, before seeing how the track is playing on race day. It can be a lucrative bet if one or both winners are price plays.

See below the top sportsbooks where you can wager online and choose the best one for you:

    Kentucky Derby Winners

    In 2015, American Pharoah ended the Triple Crown drought and became the first horse since Affirmed in 1978 to sweep the Kentucky Derby, Preakness, and Belmont Stakes. American's Pharoah's final Kentucky Derby odds were 5-2. His Triple Crown win followed a series of heartbreaking near misses, with California Chrome in 2014 winning the Derby and Preakness but fell short in the Belmont Stakes. Nyquist, the champion two-year-old in 2015, kept his undefeated streak intact and won the Kentucky Derby in 2016 only to falter in the Preakness. I’ll Have Another won the Derby and Preakness before being scratched out of the Belmont Stakes one day before his Triple Crown bid. Popular runners such as Silver Charm and Real Quiet won the first two legs then missed by inches in the final race.

    Three years after American Pharoah, Justify won the Triple Crown in 2018. Both horses were trained by Bob Baffert. While American Pharoah went on to win the Breeders’ Cup Classic, Justify was retired as the only Triple Crown winner to have a completely unbeaten career. Justify's Kentucky Derby odds were 3-1. Another Triple Crown winner, Seattle Slew, won the series in 1977 but then was defeated afterward. American Pharoah is the only horse to win the Triple Crown and Breeders’ Cup Classic.

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    Only two horses have ever broken the two-minute mark at the Kentucky Derby. The legendary Secretariat still holds the record, completing 1 1/4 mile in 1:59:40 during the 1973 edition. In 2001, Monarchos came close to besting the record, becoming the second-fastest horse at the Derby with a time of 1:59:97.

    Only three fillies have ever won the Derby, with the most recent being Winning Colors in 1988. Genuine Risk preceded her in 1980, while Regret won in 1915. The most recent filly to try the Run for the Roses was Eight Belles in 2008; she finished second.

    Kentucky Derby Final Odds

    Donerail in 1913 is the highest-priced winner in Derby history at 91-1. It wasn’t until Country House was put up at 65-1 in the 2019 Derby after the disqualification of Maximum Security that anyone else got close.

    In 2005, Giacomo won the race at 50 – 1. Mine That Bird followed four years later with another 50 – 1 upset. These races were attributed to there being too much precocious speed in the race, with horses that faded and paved the way for deep closers to upset. Since the new Kentucky Derby points rules were put into place in 2012, there has not been a big upset like this save for Maximum Security’s disqualification and Country House’s promotion.

    Trainer Bob Baffert has won five times, while the record is with Ben Jones at six wins. The most a jockey has won is five, accomplished by both Eddie Arcaro and Bill Hartack. In 2010, Calvin Borel won three out of four Kentucky Derbies, following victories on Street Sense in 2007, Mine That Bird in 2009, and Super Saver in 2010.

    Some of the game’s biggest trainers have only won the race once, such as Shug McGaughey in 2013 with Orb, and Bill Mott with Country House in 2019. Todd Pletcher has won it twice, and Barclay Tagg won it in 2003 with the New York-bred gelding Funny Cide. Tagg trains 2020 Belmont Stakes (G1) winner Tiz the Law, who solidified his status as favorite for the 2020 Kentucky Derby after the win.

    The most expensive Kentucky Derby winner was Fusaichi Pegasus in 2000. The son of Mr. Prospector commanded a price of $4 million as a yearling in 1998 and won six races before being syndicated for over $60 million. In comparison, California Chrome came from a dam that cost $8,000 and a stallion that cost $2,000 and went on to earn back $14.7 million on the track.

    Final entries and the post position draw for the 2020 Kentucky Derby will take place on Wednesday, September 2. The 2020 Kentucky Derby is on Saturday, September 5 at Churchill Downs. Post time is approximately 6:30 Eastern time. 

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    Qualifying for the Kentucky Derby

    To compete in the Kentucky Derby, a horse must qualify for the race through a series of prep races called the Road to the Kentucky Derby. The series features races that begin for two-year-olds and extend through the sophomore season. The points are scaled depending on when the race is run and only the twenty horses with the most points earn a spot in the starting gate for the Run for the Roses.

    Major prep races include the Santa Anita Derby (G1) at Santa Anita, the Wood Memorial (G2) at Aqueduct, the Florida Derby (G1) at Gulfstream Park, the Arkansas Derby (G1) at Oaklawn Park, the Blue Grass Stakes (G2) at Keeneland, and the Louisiana Derby (G2) at the Fair Grounds. The winners of these races are always able to get a spot in the Derby, while others who finish second or third rely on defections or points earned from other races. Only the top 20 points holders get in, or less if a horse wants to make the trip from overseas.

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    There are special Kentucky Derby prep races in the United Kingdom and Japan to encourage foreign participation. Japan’s Road to the Derby includes the Unicorn Stakes, Fukuryu, and Hyacinth Stakes. The United Kingdom’s Road to the Derby includes the Patton Stakes and the Vertem Futurity Trophy.

    The points emphasis is on three-year-old racing, with even the winner of the Breeders’ Cup Juvenile (G1), the premier race for two-year-olds, getting only 20 points for the win. Aside from the Blue Grass at Keeneland, which is a short three-week meet, the other races all have preps with lower points, such as the Fountain of Youth (G2) at Gulfstream preceding the Florida Derby, and the San Felipe (G2) at Santa Anita coming before the Santa Anita Derby. For Oaklawn it is the Rebel Stakes (G2), and for the Fair Grounds, it is the Risen Star (G2). The Tampa Bay Derby (G2) at Tampa Bay Downs offers 50 points to the winner.