The Kentucky Derby is generally considered the second most wagered on sporting event in the United States (second to the Super Bowl), but I still get emails every year with visitors wanting to learn how to bet on the race online from the United States. Even though horse racing is a gamblers sport, it still remains true that a large number of sportsbooks do not accept bets from US residents.
The following article will feature a step by step guide to placing your Kentucky Derby bets this year. I’m recommending Bovada.lv (full review here) as the best place to wager on the 2016 Kentucky Derby online for American residents. Bovada only accepts American bettors, so their entire sportsbook (racebook) is catered towards Americans, including the deposit and withdrawal options.
How To Bet On The 2016 Kentucky Derby in America
First you will need to open an online betting account with Bovada.lv. Like I said above, Bovada only accepts American residents, so they have made it extremely easy for Americans to use their payment options and the sportsbook is catered towards American sports, including the Kentucky Derby.
Bovada.lv currently has a welcome bonus of up to $250 for new sign ups!
Next, you’ll have to make a deposit in order to have some funds with which to bet on the Kentucky Derby race. Bovada accepts deposits via credit card (Visa or MasterCard), Bitcoin or Rapid Transfer. It’s very easy for Americans to deposit at Bovada, and the same goes for withdrawals.
Remember that Bovada offers a 50% up to $250 sign up bonus, so a deposit of $500 or more will get you the full bonus amount.
3. Place Your Kentucky Derby Bets
Now that you have money in your Bovada account you’re ready to bet on the 2016 Kentucky Derby!
Click on ‘Horses’ from the left sidebar to go to the Bovada Racebook. On raceday you can click on ‘Churchill Downs’ under ‘Today’s Tracks’ to find the Kentucky Derby race.
You can also click on ‘Futures & Propositions’ followed by ‘2016 Kentucky Derby’ to place your race bets any day leading up to Saturday.
As I’m writing this right now, here are the current 2016 Kentucky Derby odds (I’m including the 8 favorites):
- Nyquist 3/1
- Exaggerator 8/1
- Mohaymen 10/1
- Gun Runner 10/1
- Brodys Cause 12/1
- Destin 14/1
- Mo Tom 16/1
- Mor Spirit 18/1
That’s it, are you ready to bet? Click here to visit Bovada.lv…