It’s Kentucky Derby week! The 2024 Kentucky Derby will take place at Churchill Downs this Saturday, May 4th. The Derby will take place on it’s traditionally scheduled day on the first Saturday of May.
I expect this years Kentucky Derby to take center stage in the sports world this weekend, both in terms of both media attention and betting action. The Kentucky Derby will be broadcast on NBC from 2:30pm to 7:30pm EST with the race post time scheduled for 6:57pm EST.
On this page I will outline our top rated betting site for Missouri, Kansas and Nebraska residents, touch on the sports betting regulations within the states, look at the Kentucky Derby odds, and finish with a simple 3 step guide you can follow to place your Kentucky Derby bets online.
Best Betting Site for Americans
Bovada.lv is our top rated betting site for US residents looking to bet on this years Kentucky Derby. Bovada is an online betting site that accepts players from almost everywhere in the USA including Missouri, Kansas and Nebraska.
New sign ups at Bovada will receive a welcome bonus equal to 50% of your first deposit up to $250.
Kentucky Derby Betting in Missouri, Kansas and Nebraska
It is not currently legal to operate a sportsbook within Missouri. Kansas has legalized sports betting and launched their regulated sports betting market in September of 2022, while Nebraska legalized sports betting in May of 2021, but regulated online sports betting is still unavailable.
That said, residents of Missouri, Kansas and Nebraska can still place sports wagers through offshore betting sites that are licensed and regulated outside of the United States. Bovada.lv, our recommended betting site, falls into this category.
2024 Kentucky Derby Odds
Here are the odds and post positions for the 2024 Kentucky Derby from the Bovada sportsbook (taken on April 29th).
Fierceness is the favorite to win the race from the field of 20 horses. Sierra Leone is the second favorite, while Forever Young and Catching Freedom are the other top contenders.
Bet On The Kentucky Derby – 3 Step Guide
Follow this three step tutorial to bet on the Kentucky Derby online from anywhere in the United States.
Step 1. Open Bovada.lv Account
Click the above link and complete the overlay sign up form on the home page to open your Bovada account.
Step 2. Deposit
After logging into your Bovada account click on the ‘Deposit’ link under your accounts drop down menu. Select your preferred deposit method, enter your deposit amount, and follow the instructions to fund your account.
Bovada accepts Visa, MasterCard, American Express, Bitcoin, Ethereum and more. You can also cash out your winnings through bank wire or check by mail.
Step 3. Place Your Kentucky Derby Bets
You can bet on the Kentucky Derby through both the ‘Sports’ or ‘Horses’ sections of the Bovada website.
In the Sports section you can bet on the race winner and the odds are fixed. In the Racebook you can place the full variety of horse racing wagers (win/place/show, exacta, trifecta, etc), but the Racebook uses the parimutuel betting system, which means the odds can change leading up to the race depending on the amount of money wagered on each horse.
Betting through the Sportsbook is available long before the race, while betting through the Racebook is only available on race day and one or two days prior.
Before Race Day (Fixed Betting)
- Click ‘Sports’ from the top menu bar.
- Open the ‘All Sports’ drop down menu and select ‘Horses Futures & Props’.
- Select ‘Kentucky Derby’ from the Trending Competitions menu.
- Click on the odds of the horse you want to bet on to add the wager to your Bet Slip.
- Enter your risk amount and click ‘Place Bet’ to confirm the wager.
On Race Day (Parimutuel Betting)
- Click ‘Horses’ from the top menu bar.
- Open the ‘All Tracks’ drop down menu and select ‘Churchill Downs’.
- Scroll to race #12 (post time of 6:57pm EST) on May 04 for the Kentucky Derby.
- You can also select ‘Kentucky Derby Pari-mutuel’ from the Trending Events menu to quickly navigate to the Kentucky Derby race.
- Select the wager you want to make (win/place/show, trifecta, etc) to add them to your Bet Slip.
- Enter your risk amounts on the Bet Slip.
- When you are happy with the bets click ‘Place Bets’ to lock in the wagers.
Check out our horse racing section to learn about the different bets you can make on the race.
Ready to bet? Click here to visit Bovada.lv.
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