Kentucky Derby Odds

Kentucky Derby odds

Mystik Dan won the 2024 Kentucky Derby. Kentucky Derby odds showed that the horse went off at 18-1. Sierra Leone (9-2) placed and Forever Young (7-1) showed. Here are the payouts.

Mystik Dan

  • Win: $39.22
  • Place: $16.32
  • Show: $10.00

Sierra Leone

  • Place: $6.54
  • Show: $4.64

Forever Young

  • Show: $5.58

$2.00 Exacta

  • $258.56

$1.00 Trifecta

  • $1,113.84

$1.00 Superfecta

  • $8,254.00
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Kentucky Derby Odds

Below we will look at updated Kentucky Derby odds and betting information. Morning line odds are available below.

Post PositionHorseMorning line oddsUpdated Kentucky
Derby odds
1.Dornoch20-122-1Danny GarganLuis Saez
2.Sierra Leone3-15-1Chad BrownTyler Gaffalione
3.Mystik Dan20-116-1Kenny McPeekBrian Hernandez
4.Catching Freedom8-18-1Brad CoxFlavien Prat
5.Catalytic30-132-1Saffie JosephJose Ortiz
6. Just Steel20-122-1D. Wayne LukasKeith Asmussen
7.Honor Marie20-113-1Whit BeckmanBen Curtis
8.Just A Touch10-110-1Brad CoxFlorent Geroux
9. EncinoScratchedScratchedBrad CoxAxel Concepcion
10.T O Passowrd (JPN)30-147-1Daisuke TakayanagiKazushi Kimura
11.Forever Young (JPN)10-16-1Yoshito YahagiRyusei Sakai
12.Track Phantom20-140-1Steve AsmussenJoel Rosario
13.West Saratoga50-123-1Larry DemeritteJesus Castanon
14.Endlessly30-147-1Michael McCarthyUmberto Rispoli
15.Domestic Product30-128-1Chad BrownIrad Ortiz
16. Grand Mo The First50-145-1Victor BarbozaEmisael Jaramillo
17.Fierceness5-27-2Todd PletcherJohn Velazquez
18.Stronghold20-135-1Philip D’AmatoAntonio Fresu
19.Resilience20-129-1Bill MottJunior Alvarado
20.Society Man50-146-1Danny GarganFrankie Dettori
21.Epic Ride50-144-1John EnnisAdam Beschizza
22. MugatuScratchedScratchedJeff EnglerJoseph Talamo

2024 Kentucky Derby favorites

Fierceness (5-2)

Fierceness is expected to be one of the betting favorites in the 150th Kentucky Derby. The 3-year-old colt recently dominated at the March 30 Grade 1 Florida Derby, winning by 13.5 lengths.

Sierra Leone (3-1)

Sierra Leone is set to be one of the betting favorites at Churchill Downs, along with Fierceness. The Chad Brown horse has won 3 of 4 races thus far and his lone loss, to Dornoch, came by a nose.

Catching Freedom (8-1)

Catching Freedom impressed at the Louisiana Derby on March 23 at Fair Grounds. The Brad Cox horse won his maiden race at Churchill Downs back on Oct. 1.

Forever Young (10-1)

Forever Young is making the long trip from Japan following his first-place finish at the UAE Derby. The Yoshito Yahagi horse heads into the race with 100 Kentucky Derby points.

Just A Touch (10-1)

Just A Touch finished second at the Blue Grass and is the son of Justify – the 2018 Triple Crown winner. He is the other horse trained by Brad Cox in this year’s field.

Derby Jackpot Challenge

Kentucky Derby betting pools

Kentucky Derby futures pools give bettors a chance to bet early on the horses they like to claim victory at Churchill Downs. There were six futures pools leading up to this year’s Kentucky Derby. 

Betting on horse racing futures pools has great risk but also great reward. If you bet on a horse to win the Derby last fall and the horse does not even enter the field come Derby week, your bet will not be refunded. Of course, betting early rewards bettors with longer odds and heftier payouts should they win. You can now even bet on exacta combinations in futures pools.

The first Kentucky Derby futures pool in this cycle, which was released on Nov. 2, 2023, had Kentucky Derby favorite Fierceness at 29/1. By mid-April, Fierceness had odds to win of 7/2, which goes to show how high his stock has risen.

Derby qualifying

The Derby’s unique qualifying method, chronicled throughout the winter and spring in the Road to the Kentucky Derby series, will deliver suspense right up until post time.

Prep races with point values as high as 100 points to a winner decide which 20 horses gain first invitations to the Derby. But the field does not automatically cut off at the 20th spot. Some owners at the bottom of the list believe their horse can’t win and will opt not to run. Others are not satisfied with how their horses are training.

When a horse is not entered, the next horse below the cutoff line is brought up. It’s not uncommon, therefore, for the bar to go down a few places and grab the final starters. That was never more important than two years ago.

After a winter and spring campaign, the final horse on the list was Ethereal Road. But one day before the Derby, and literally five minutes before he was to be entered, Ethereal Road was scratched. Officials went to the next horse on that list.

His name? Rich Strike. And you know the rest. Rich Strike came from nowhere to upset the field at a shocking 80-1, one of the most monumental longshot victories in Derby history.

It hardly mattered that Rich Strike has seldom run well since. On that day, he authored horse racing’s version of the 1980 United States Olympic hockey team.

It was a victory that underscored the majesty of the thoroughbreds. Bettors will keep their eye on late scratches and who gets into the Kentucky Derby at the last minute. Anything can happen. And last year, it did.

How to bet on the Kentucky Derby

Fans can wager on the Derby legally at racetracks, simulcast centers such as Off Track Betting (OTB) Centers, and on advanced deposit wagering platforms such as FanDuel Racing. Bettors in over 30 states can legally bet on the race from their mobile devices and web browsers. You can also see Kentucky Derby betting odds and wager on horse racing legally in the state of Nevada at the hundreds of casinos with race and sportsbooks.

Types of wagers and bets

The three following wager types are the simplest and most common bets placed on the Kentucky Derby, in order of highest to lowest payout:

  • Win: Bet on the horse you think will win.
  • Place: Win a place bet if your horse wins or comes in second.
  • Show: Win a bet if your horse wins or comes in second or third.

Fans can also attempt to cash big in the various exotic pools:

  • Exacta: Predict the first two horses in the correct order.
  • Trifecta: Predict the first three horses in the correct order.
  • Superfecta: Predict the first four horses in the correct order.
  • Super High Five: Predict the first five horses in the correct order.

From 2013-18, six consecutive favorites won the Kentucky Derby. But since then, it’s been upset central, with three major upsets occurring. The latest of the group was Rich Strike, who was a late entry and a rare 21st horse in the field.

Tracks also offer the ability to bet both the winner of the Derby and the Kentucky Oaks, a major $1 million race the day before with a field comprised of three-year-old fillies (female horses).

Picking a Kentucky Derby winner

Betting on horse racing has never been easier, but selecting a winner and predicting the puzzle in the exotic pools in search of a big payoff takes a little more time, skill, and luck. The 20 horses running in the Kentucky Derby is the largest field of any American race and, while the payouts are larger, it can be more difficult to handicap the winner. Many factors play into the winner, including each horse running 1 ¼ miles for the first time in their racing careers. Novice bettors will want to know what time does the Kentucky Derby start this year?

20 horses qualify through 36 prep races in the United States, seven in Europe, and four in Japan.

Handicapping horses and the races takes a lot of time, research, and intuition. Beyond studying past performance charts and horse stats, consider some of the following:

  • Speed figures
  • Class ratings
  • Tracks and bias
  • Jockey and trainer stats
  • Horse pedigree
  • Post position (drawn May 2)

It’s important to distill information that can help you identify horses that may offer some value next time out or others in good form or improving that can provide value wagering opportunities.

Races and horses should be backed based on positive attributes and not as a result of who’s the best of the worst. As you study some of the betting guides and training tools, you’ll become better prepared and equipped to analyze races in a more meaningful way. That includes the Kentucky Derby and the prep races leading up. Understanding how a horse ran leading up to a race versus where the horse finishes and what time he/she completed their recent races will help you become more proficient.

Picking a Kentucky Derby winner is, of course, an inexact science. But it certainly helps to do some research instead of just “going with your gut.” 

Betting on the favorite of the race to win does not always equal success at the Kentucky Derby.

Tapit Trice and Angel of Empire were the co-favorites at 9-2 odds last year. Tapit Trice finished seventh out of 18 horses that ran and Angel of Empire finished third. 

The year prior was the ultimate example of Kentucky Derby unpredictably as the biggest long shot of the race, Rich Strike at 80-1, wound up winning.

Five biggest Kentucky Derby longshot winners ever

As we witnessed in 2022 when Rich Strike won at 80-1 odds, nothing is certain in horse racing. The winning horse is not always the best horse. In a field of 20, a bit of racing luck makes for a better chance to win. The five biggest longshots to ever win the Derby include:

  1. Donerail, 91-1 (1913)
  2. Rich Strike, 80-1 (2022)
  3. Country House, 65-1 (2019)
  4. Mine That Bird, 50-1 (2009)
  5. Giacomo, 50-1 (2005)

Kentucky Derby Betting history

Here is a look at Kentucky Derby betting history with past odds for winners.

YearWinnerTimeOdds$2 WinTrack
2024Mystik Dan2:03.3418-1$39.22Good
2022Rich Strike2:02.6180-1$163.60Fast
2021Medina Spirit*2:01.3612-1$26.20Fast
2019Country House2:03.9365-1$132.40Sloppy
2018Justify2:04.203-1 $7.80Sloppy
2017Always Dreaming2:03.599-2$11.40Wet
2015American Pharoah2:03.023-1$7.80Fast
2014California Chrome2:03.665-2$7.00Fast
2012I’ll Have Another2:01.8315-1$32.60Fast
2011Animal Kingdom2:02.0421-1$43.80Fast
2010Super Saver2:04.458-1$18.00Sloppy
2009Mine That Bird2:02.6651-1$103.20Sloppy
2008Big Brown2:01.827-2$6.80Fast
2007Street Sense2:02.179-2$11.80Fast
2004Smarty Jones2:04.064-1$10.20Sloppy
2003Funny Cide2:01.1912-1$27.60Fast
2002War Emblem2:01.1320-1$43.00Fast
2000Fusaichi Pegasus2:01.122-1$6.60Fast

*Medina Spirit was later disqualified and first place of the 2021 Derby was awarded to Mandaloun. Mandaloun had 26-1 odds to win the Derby but bettors who had Mandaloun to win were not able to cash their tickets as the order of the finish was previously declared “official.”