It’s Derby day! The 2023 Kentucky Derby will take place at Churchill Downs Racetrack tonight (Saturday, May 6th). 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 2023 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
BetOnline.ag is our recommended betting site for Oklahoma and New Mexico residents interested in betting on the Kentucky Derby. BetOnline is a trusted and popular sportsbook that has served the US betting market since 2004. BetOnline accepts players from across the United States, including Oklahoma and New Mexico.
BetOnline offers new players a risk free $25 horse racing wager that can be used on the Kentucky Derby, daily horse racing rebates of 9%, and a first deposit bonus of up to $1000. 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. BetOnline.ag 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 BetOnline.ag Account
Click the above link, select ‘Join Now’ on the home page, and complete the sign up form to open your BetOnline account.
Step 2. Deposit
Log into your BOL account and click on the ‘Deposit’ button. Choose one of the deposit options, enter your deposit amount, and follow the instructions to complete your deposit.
BetOnline accepts Bitcoin, Ethereum, other cryptocurrencies, 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 ‘Racebook’ section of the BetOnline website. You can place futures wagers on the race winner 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 ‘Horse Racing’ drop down menu and select ‘Horses Daily’ -> ‘Churchill Downs’.
- 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 from the Sportsbook for the Derby (odds taken on May 6th – Derby Day):
Racebook Bet (Parimutuel Betting)
- Click ‘Racebook’ from the top navigation bar.
- Open the ‘US Thoroughbred’ drop down menu and select ‘Churchill Downs’.
- Select ‘May 06’ and race #12 (post time 6:57pm) for the Kentucky Derby.
- Select your bet type, enter your bets, and click ‘Add To Bet Slip’.
- Check your bets on the Bet Slip and click ‘Submit All Bets’ to make the wagers.
Here’s a screenshot to show you the clicks using a bet on Verifying to win as an example:
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 BetOnline.ag.
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