It’s Derby weekend! The 2024 Kentucky Derby will take place at Churchill Downs Racetrack this Saturday, May 4th. The Derby is typically the second most bet on single day sporting event in the USA each year, next to only the Super Bowl.
The Kentucky Derby is a massive betting event and I’m expecting a lot of new bettors interested in placing a bet on the race. For this reason I wanted to add this page to help Oklahoma and New Mexico residents understand how to quickly and easily bet on the 2024 Kentucky Derby online.
On this page I will recommend our top rated betting site for Kentucky Derby bets, look at the regulatory betting climate in both Oklahoma and New Mexico, and finish with a simple 3 step guide showing you how to place your Kentucky Derby bets online.
Best Kentucky Derby Betting Site
Bovada.lv is our recommended betting site for Oklahoma and New Mexico residents interested in betting on the Kentucky Derby. Bovada is a trusted and popular sportsbook that has served the US betting market since 2011. Bovada accepts players from the majority of US States, including Oklahoma and New Mexico.
Bovada offers new players a welcome bonus equal to 50% of your first deposit, up to a maximum of $250. Full review here with details.
Kentucky Derby Betting in Oklahoma and New Mexico
It is not currently legal to operate an online sportsbook in either Oklahoma or New Mexico. Follow this three step guide to bet on the Kentucky Derby online from Oklahoma or New Mexico. Regulating sports betting in both states is a tricky subject due to the gaming compacts with local Indian tribes. In New Mexico there are currently a few tribal casinos that offer sports betting in-person, but mobile betting that isn’t geofenced to tribal casinos is not likely to arrive in Oklahoma or New Mexico in the near future.
That said, Oklahoma and New Mexico residents can still place bets through offshore betting sites that are licensed outside of the United States. Bovada.lv falls into this category.
Bet On The Kentucky Derby Online – 3 Step Guide
Follow this three step guide to bet on the Kentucky Derby online from Oklahoma or New Mexico.
Step 1. Open A Bovada.lv Account
Click the above link and fill out the overlay sign up form on the home page to open your Bovada account.
Step 2. Deposit
Log into your Bovada account and click on the ‘Deposit’ button under your accounts drop down menu. Choose one of the deposit options, enter your deposit amount, and follow the instructions to complete your deposit.
Bovada accepts Bitcoin, Ethereum, USDT, Visa, MasterCard, American Express, and more.
You can withdraw your winnings through most of those same methods (not including credit cards), as well as via bank wire or check through the mail.
Step 3. Place Your Kentucky Derby Bets
It’s time to place your Kentucky Derby wagers.
You can bet on the Derby in either the ‘Sports’ or ‘Horses’ section of the Bovada website. You can place wagers on the race winner and Derby props at fixed odds in the Sportsbook, and you can place a wider variety of typical horse racing wagers (win/place/show, exacta, trifecta, etc) with odds determined using the parimutuel betting system in the Racebook.
**Parimutuel betting system odds are determined by the amount of money bet on an outcome relative to the total amount of money bet into the betting pool. For this reason the odds are not locked until the race begins.
Sportsbook Bet (Fixed Odds Betting)
- Click ‘Sports’ from the top navigation bar.
- Open the ‘All Sports (A-Z)’ drop down menu and select ‘Horses Futures & Props’.
- You can also select ‘Kentucky Derby Fixed Odds’ from the Trending Events menu.
- Select the odds of the horse you are betting on to win the Kentucky Derby.
- Enter your risk amount on the Bet Slip and click ‘Place Bet’ to make the wager.
Here are the odds (and post positions) from the Sportsbook for the Derby (odds taken on May 3rd – the day before the Derby):
Racebook Bet (Parimutuel Betting)
- Click ‘Horses’ from the top navigation bar.
- Open the ‘All Tracks’ drop down menu and select ‘Churchill Downs’.
- Scroll to Race #12 on May 4th (post time 6:57pm) for the Kentucky Derby.
- You can also select ‘Kentucky Derby Pari-mutuel’ from the Trending Events menu to quickly navigate to the Kentucky Derby in the Racebook.
- Select your bets and click ‘Add To Betslip’.
- Enter your Stake amounts on the Bet Slip and click ‘Place Bets’ to make your wagers.
Head over to our horse betting section for full explanations of the most common bets people make on the race.
Ready to bet? Click here to visit Bovada.lv.
Tagged With : Kentucky Derby • Kentucky Derby betting • New Mexico betting • Oklahoma betting