Sports betting is becoming more mainstream by the day in the US, and this year’s Kentucky Derby will be one of the most wagered-on horse races in history. Novice sports bettors in the states used to the standard American moneyline and spread when betting on football and basketball may initially be perplexed by horse racing odds. Horse racing odds, though, are pretty straightforward in that they show the amount of profit on a bet in relation to the amount invested. For instance, if you made a $2 win bet on a horse at 2-1 odds and that horse won – you would profit $4 and also get the original $2 back for a payout of $6.
Still confused? Here we will provide a chart to show the payouts for standard horse racing odds and also potential payouts as they pertain to updated Kentucky Derby odds at TVG.
$200 Risk Free Bet on 2022 Kentucky Derby
Betting on the Kentucky Derby is as easy as it gets thanks to TVG, and this year TVG is giving new users a Risk Free Bet up to $200. All you have to do is sign up at TVG here to take advantage.
Horse racing odds explained: Payout chart
Horse racing odds are best explained by using a $2 win bet. Here are standard horse racing odds and how they would pay out.
| Odds | Payout |
|---|---|
| 1-5 | $2.40 |
| 2-5 | $2.80 |
| 1-2 | $3.00 |
| 3-5 | $3.20 |
| 4-5 | $3.60 |
| 1-1 | $4.00 |
| 6-5 | $4.40 |
| 7-5 | $4.80 |
| 3-2 | $5.00 |
| 8-5 | $5.20 |
| 9-5 | $5.60 |
| 2-1 | $6.00 |
| 5-2 | $7.00 |
| 3-1 | $8.00 |
| 7-2 | $9.00 |
| 4-1 | $10.00 |
| 9-2 | $11.00 |
| 5-1 | $12.00 |
| 6-1 | $14.00 |
| 7-1 | $16.00 |
| 8-1 | $18.00 |
| 9-1 | $20.00 |
| 10-1 | $22.00 |
| 15-1 | $32.00 |
| 20-1 | $42.00 |
| 30-1 | $62.00 |
| 50-1 | $102.00 |
Kentucky Derby odds with potential payout
And here are Kentucky Derby odds with their potential payout.
| Post | Horse | Odds | Payout ($2 win bet) |
|---|---|---|---|
| 1 | Known Agenda | 6-1 | $14.00 |
| 2 | Like The King | 50-1 | $102.00 |
| 3 | Brooklyn Strong | 50-1 | $102.00 |
| 4 | Keepmeinmind | 50-1 | $102.00 |
| 5 | Sainthood | 50-1 | $102.00 |
| 6 | O Besos | 20-1 | $42.00 |
| 7 | Mandaloun | 15-1 | $32.00 |
| 8 | Medina Spirit | 15-1 | $32.00 |
| 9 | Hot Rod Charlie | 8-1 | $18.00 |
| 10 | Midnight Bourbon | 20-1 | $42.00 |
| 11 | Dynamic One | 20-1 | $42.00 |
| 12 | Helium | 50-1 | $102.00 |
| 13 | Hidden Stash | 50-1 | $102.00 |
| 14 | Essential Quality | 2-1 | $6.00 |
| 15 | Rock Your World | 5-1 | $12.00 |
| 16 | King Fury | Scratched | N/A |
| 17 | Highly Motivated | 10-1 | $22.00 |
| 18 | Super Stock | 30-1 | $62.00 |
| 19 | Soup and Sandwich | 30-1 | $62.00 |
| 20 | Bourbonic | 30-1 | $62.00 |
Kentucky Derby wagering strategy
You’ll definitely want to keep in mind post position when betting on any horse race, particularly the Kentucky Derby with its large field of 20 horses. With so many participants in the race, there is a ton of contact between horses – particularly the horses that are on the inside.
According to KentuckyDerby.com, seven of the last 10 Kentucky Derby winners started the race from post 13 or wider. That said, post 5 has produced the most Run for the Roses winners at 10.
Post 15 has been a hot one recently as Orb (2013), American Pharoah (2015) and Authentic (2020) have all been victorious coming out of that spot.
