The Kentucky Derby is the second largest annual betting event in North America, next to only the Super Bowl. A few years back we saw the beginnings of the first Triple Crown winner since 1978 when American Pharaoh won the race and showed the world that he was a real threat to win the next two Triple Crown races as well. He ended up doing just that and making history in the process.
This year there are really three horses who are considered co-favourites heading into the race with Justify, Mendolssohn and Audible each being touted as potential 2018 Derby winners. At this time SportsInteraction.com has Justify at 4/1, Mendolssohn at 9/2 and Audible at 5/1. The early betting favourite has won the Kentucky Derby in each of the last 5 years (Always Dreaming was co-favourite with Classic Empire last year), so the pressure will be on Justify to continue this trend.
There are plenty of horses with a shot this year and you never really know which horse is the fastest until they run the race, which is why the Kentucky Derby is always so exciting and heavily bet on each year. I’ve added this How To Guide for betting on the Kentucky Derby in Canada because it’s always a popular event and betting on horses is slightly different than betting on regular sports, so I wanted to outline that for new horse racing bettors in Canada.
The Kentucky Derby truly is the most exciting two minutes in sports. If you haven’t placed a Kentucky Derby bet in the past you’re in for a treat watching your horse run for the roses! Just try to stay seated if your pony is in contention coming down the stretch.
Bet On 2018 Kentucky Derby in Canada – Step By Step Guide
#1. Open an Online Betting Account
The first thing you will have to do is open an online betting account. I recommend SportsInteraction.com, our top rated sportsbook for Canadians, for betting on the Derby this year. They are offering a 100% up to $200 bonus for new sign ups and they have a state of the art Racebook that is very easy for new bettors to understand. Here’s a full review.
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Next up you’ll have to add some funds to your account. I have detailed pages for all of the deposit options offered at Sports Interaction on our deposit options page. And remember that SIA has the 100% up to $200 bonus for new sign ups, so I suggest depositing $200 or more in order to get the full bonus. It’s very easy to clear and I go into details on that here on the SIA review page.
#3. Place Your Kentucky Derby Wagers
Now it’s time to place your Derby bets! First I’ll outline how you can bet on the Derby this week, leading up to the race.
Before Race Day
In the SportsInteraction.com Sportsbook there is a ‘Horse Racing’ tab which you can click, followed by ‘Kentucky Derby’. This will bring up the Kentucky Derby Outright winner odds. These odds are normal sports betting odds (not parimutuel betting odds) so when you place your wager your bet is locked in at those odds. There is also an each-way betting option which allows you to bet on whether the horse will finish in the top 3. You can learn more about each-way bets on our dedicated page here.
On Race Day
On race day you should go to the Sports Interaction Racebook page. You can find this page by clicking on ‘Racebook’ from the top navigation bar at SportsInteraction.com. Next you can either click ‘Churchill Downs’ from the ‘Thoroughbred’ drop down menu or you can also find ‘Kentucky Derby’ under the ‘Featured Races’ tab.
The odds you see on the Racebook page can change because the bets are taken under the parimutuel betting system, which means the odds change depending on who bets on which horses after you as well. Learn all about parimutuel betting here.
You will also see that you have the option to place ‘Win, Place or Show‘ bets, as well as exotic bets such as ‘Exacta’, ‘Trifecta’, ‘Superfecta’, ‘Daily Double’, ‘Pick 3’ or ‘Pick 6’ at the Racebook. I explain most of these different horse racing bets on the horse racing betting page, so check that out if you’re new to betting on the sport.
Are you ready to bet? Click here to head to SportsInteraction.com…
I hope this page gives you the confidence to know how to get your Kentucky Derby bets in online this year. To learn more about the race as a whole check out our Derby info page.