Kentucky Derby OddsKentucky Derby Odds

Betting Guide

2024 Kentucky Derby Odds, Horses and Latest News

By TVG Staff

Updated January 22, 2024

Mark your calendars for the 2024 Kentucky Derby. As one of the most significant and exhilarating betting events of the year, the race features a formidable field of 19 horses vying for a chance to win the $3 million purse in the 1 ¼ mile race. Stay informed and up-to-date with the latest 2024 Kentucky Derby odds to stay ahead of the betting action and make informed decisions about which horses provide the best value.

In 2023, there were major changes in the field on the Thursday before the race, impacting the odds. Trainer Tim Yakteen announced that Practical Move came down with an elevated temperature after training. As a result, he is scratching from the Kentucky Derby. Practical Move had been one of the leading contenders after a win in the Santa Anita Derby (G1), a traditionally live prep. Cyclone Mischief, first on the also-eligible list when the race drew on Monday, will now compete in the Kentucky Derby.

Hours later, stewards ordered all horses in the barn of Saffie Joseph, Jr. out of races at Churchill Downs, ruling Lord Miles out of the Kentucky Derby. This gets Mandarin Hero into the field. King Russell, third on the also-eligible list, got into the starting gate Thursday night after Continuar was scratched; trainer Yoshito Yahagi did not believe Continuar was training well enough into the race.

Friday morning featured another scratch in the race, further impacting the odds, as Skinner had an elevated temperature. This brings the field of the race to 19, as there were no more on the also-eligible list.

Though the odds will not be final until the horses break from the gate, betting opened for the race on Friday morning and early action can give clues about which horses might be sneakily live, and which others bettors are shying away from.

We also have more information on the Kentucky Oaks available at TVG.

Live Derby Week Coverage on FanDuel TV+

Tune in to FanDuel TV+ for Derby Week coverage featuring live racing and analysis. You can watch the live coverage of Kentucky Derby on NBC. FanDuel TV will also be on-site at Churchill Downs providing comprehensive coverage, including the latest news, analysis, and handicapping insights in the days leading up to the Derby.

Latest 2024 Kentucky Derby Odds Updates

Note: we’re still a few months away from the 2024, race, so keep your eyes on this page for updates as they come. In the meantime, here’s a look back at the 2023 race:

The morning line for the Kentucky Derby was determined Monday, May 1, at the Kentucky Derby draw. Forte, the champion juvenile of 2022, has impressed in both preps this year and was deservingly named the 3-1 morning line in the field, leading the odds. Other shorter prices on the morning line include Blue Grass (G1) winner Tapit Trice (5-1) and Arkansas Derby (G1) winner Angel of Empire (8-1).

This is the full field for the Kentucky Derby, including morning-line odds for each horse. With Practical Move, Lord Miles, and Continuar scratching Thursday, Cyclone Mischief, Mandarin Hero, and King Russell can all start. Skinner also scratched Friday morning.

Saturday, Lane Gold stated that a veterinarian scratched favorite Forte after a long meeting with his owner and trainer. However, Pletcher pleaded with the vet to allow Forte to run. Gold said that Forte bobbled and stumbled some during his Thursday morning workout, saying he wasn't fit to race Saturday.

PostHorseTrainerJockeyML
1Hit ShowBrad CoxManuel Franco 30-1
2VerifyingBrad CoxTyler Gaffalione15-1
3Two Phil’sLarry RivelliJareth Loveberry12-1
4Confidence GameKeith DesormeauxJames Graham20-1
5Tapit TriceTodd PletcherLuis Saez5-1
6KingsbarnsTodd PletcherJose Ortiz12-1
7ReincarnateTim YakteenJohn Velazquez50-1
8MageGustavo DelgadoJavier Castellano15-1
9SkinnerJohn ShirreffsJuan HernandezSCR
10Practical MoveTim YakteenRamon VazquezSCR
11DisarmSteve AsmussenJoel Rosario30-1
12Jace’s RoadBrad CoxFlavien Prat50-1
13Sun ThunderKenny McPeekBrian Hernandez, Jr.50-1
14Angel of EmpireBrad CoxFlavien Prat8-1
15ForteTodd PletcherIrad Ortiz, Jr.SCR
16Raise CainBen ColebrookGerardo Corrales50-1
17Derma SotogakeHidetaka OtonashiChristophe Lemaire10-1
18Rocket CanBill MottJunior Alvarado30-1
19Lord MilesSaffie Joseph, Jr.Paco LopezSCR
20ContinuarYoshito YahagiRyusei SakaiSCR
21 (AE)Cyclone MischiefDale RomansJoel Rosario30-1
22 (AE)Mandarin HeroTerunobu FujitaKazushi Kimura20-1
23 (AE)King RussellRon MoquettRafael Bejarano50-1

Wagering on the Kentucky Derby opened on Friday, May 5, just after the 9:00 a.m. EDT scratch deadline, and the track periodically releases current Kentucky Derby odds updates to the public. Sometimes, that odd action can give hints about how a horse will run. If the odds show a lot of the early money falls on a surprising horse, they may run better than expected. If a horse is taking less money at the windows than expected, the horse may be cold on the board for a reason. It’s time to review the information about the horse and make a decision about whether there is a reason to shy away from the horse, or if the horse is actually providing value at those longer odds.

As of the live Kentucky Derby odds Friday morning, Forte remains the favorite, though he feels tepid at only 9-2 in the early action. Angel of Empire and Tapit Trice are in the next echelon of horses at 5-1. Derma Sotogake and Two Phil’s are also live in early Kentucky Derby betting, sitting at 8-1 in the Friday morning wagering.

Make sure to keep an eye on these five contenders in the Kentucky Derby field, as they look among the strongest in the field.

2024 Kentucky Derby Contender Profiles

Mage

Though Mage has only raced three times, there is good reason to think he can defeat his lack of experience and step forward in the Kentucky Derby. In the Florida Derby (G1), he was taken off his more typical forward style, had to rally from dead last, made that rally, and was beaten only a length by Forte. He can get a good trip from a nice draw (post No. 8) if he shows his more customary speed, and even if his break is a little rough he proved in Florida that he is resilient and versatile.

Tapit Trice

The Blue Grass’s importance has been rising in recent years, and Tapit Trice impressed with his victory in that race. Even though he did not beat Verifying by a lot, Verifying had a pace advantage near the front. Furthermore, Tapit Trice showed the maturity to steer out from a rail draw in a short field, get a clean chasing trip, and make his run in the lane. Those are the skills that a Derby winner needs.

Mandarin Hero

Mandarin Hero needed two scratches from the Kentucky Derby field in order to get in, but he got them. He should have been in the field all along. He began his career in Japan, but took a final prep in the traditionally live Santa Anita Derby (G1), finishing a hard-fought second behind the well-proven Practical Move. He has to handle an outside gate, but he should be able to drop in a handful of lengths off the pace and make a smart run in the lane. If Mandarin Hero runs back to his Santa Anita Derby he finds the frame, and if he steps forward in his second American start he is a win candidate.

Derma Sotogake

Though UAE Derby winners do not always run well in the Kentucky Derby, Japanese runners have been excellent in international races over the last few years, and Japanese dirt form has reached a new apex in the last year and a half. Derma Sotogake has class, proven ability to ship, as well as sharp early speed that could help him carve out a good trip in a less pace-heavy Derby than usual.

Check out our comprehensive list of derby contenders here at TVG!


What Kentucky Derby Odds Mean

Morning line odds are essentially a wagering forecast and can show us who is expected to run well in the Kentucky Derby. These odds help us wager and to decide whether or not a horse is a good value for money, given that you may really like a runner who is expected to go off at big odds.

The morning line has been drawn for the Kentucky Derby, and it did not contain any serious surprises. The shortest prices went to the most proven and impressive horses on the Derby trail: Forte, Tapit Trice, and Angel of Empire.

Those with short odds are the horses with a bigger perceived chance of winning the race. The bigger the odds on a horse, the less chance it has of winning the Kentucky Derby according to the stats—though we should always remember horses aren’t machines and longshots do win!

A horse going off at 2-1 essentially has twice the chance of a horse at 4-1 according to the odds. Good value can be claimed when believing a chosen animal will win, even if it is not favored in the betting pools. When you have a good reason for your opinion, it can pay off to stick to your analysis!

Another option is going with the analysis of horse betting experts. Stick with TVG to keep up to date on all of our expert picks and visit our picks page.

While the odds alone (especially the morning line odds) cannot tell us who the most likely winner of the Kentucky Derby will be, they can be used as a helpful guide to tell us where the class is in the field and which horses may be more reliable to wager on.

2024 Kentucky Derby Odds Trends

On Saturday, May 4, we will witness the 150th Kentucky Derby, which is the first jewel in the Triple Crown of horse racing. It takes place in the scintillating arena that is Churchill Downs, in Louisville, Kentucky.

Often the top Kentucky Derby horses with the shortest odds win major prep races like the Florida Derby, Arkansas Derby, and Santa Anita Derby. The horses who perform best in the Kentucky Derby in recent years typically win or finish second in their final prep races, suggesting that they are in good form coming into the race and they are already able to prove themselves against top-level company, hence their odds.company.

Since the Road to the Kentucky Derby was established leading into the 2013 race, the Run for the Roses saw six winning favorites in a row. Then, Country House, with his 65-1 longshot odds, got his famous and controversial win in 2019 via disqualification. But, with non-favored horses winning in 2020, 2021, and 2022 as well, it proves that the points system did not automatically make the Kentucky Derby a race for favorites and those with the shortest odds.

Return here during Kentucky Derby week for the official morning line odds of the Run for the Roses!

Kentucky Derby Horses

Kentucky Derby Prep Race Winners

This is where the Road to the Kentucky Derby comes into its own with points awarded for first, second, third, and fourth in major prep races going back to last year’s juvenile events.

In all, 48 races are usually taken into consideration, mostly in the US but also in Japan, Europe, and the UAE. Heading toward the Kentucky Derby, it can be enlightening to look at the odds at which prep race winners won their points races. Well-bet horses who win preps are likely to be well-bet if they make it along to the Kentucky Derby. For longshots who win their preps, think critically about whether that win seemed like a fluke, or if you are willing to perhaps take shorter odds on Derby Day.

These are the most significant races on the road to the 150th Kentucky Derby. Here are the 2023 horses who won each of the races, and the odds at which they won.

DateRaceTrackPointsWinnerOdds
February 18Risen Star StakesFair Grounds50-20-15-10Angel of Empire13-1
February 25Rebel StakesOaklawn Park50-20-15-10Confidence Game18-1
March 4Fountain of Youth StakesGulfstream Park50-20-15-10Forte1-2
March 4Gotham StakesAqueduct50-20-15-10Raise Cain23-1
March 4San Felipe StakesSanta Anita Park50-20-15-10Practical Move4-1
March 11Tampa Bay DerbyTampa Bay Downs50-20-15-10Tapit Trice1-2
March 25Jeff Ruby SteaksTurfway Park100-40-30-20-10Two Phil's5-2
March 25Louisiana DerbyFair Grounds100-40-30-20-10Kingsbarns9-2
March 25UAE DerbyMeydan100-40-30-20-10Derma Sotogake6-1
March 26Sunland DerbySunland Park50-20-15-10Wild On Ice35-1
April 1Arkansas DerbyOaklawn Park100-40-30-20-10Angel of Empire9-2
April 1Florida DerbyGulfstream Park100-40-30-20-10Forte1-5
April 8Blue Grass StakesKeeneland100-40-30-20-10Tapit Trice8-5
April 8Santa Anita DerbySanta Anita Park100-40-30-20-10Practical Move1-1
April 8Wood MemorialAqueduct100-40-30-20-10Lord Miles59-1

* This horse won a major prep, but is no longer on the Kentucky Derby trail.

** No betting is allowed on track at Meydan. These are the odds from the American pari-mutuel betting pool on the UAE Derby.

How Kentucky Derby Odds are Formulated

In futures wagering and even in the morning line, anticipated Kentucky Derby odds are formulated using a mix of juvenile form, prep race form, and even breeding and reputation of the horses. The morning line is a forecast for how the betting odds will look on race day

Once wagering opens on the day before the Kentucky Derby, odds are determined by the pari-mutuel system. The final wagering odds are determined by the amount of cash in the pool overall from bettors around the country, divided by the number of wagers placed on each horse.

To put it another way, there may be millions in the pool with very few people betting your horse meaning potentially huge odds, but on the other hand, if the majority of people are going for your horse their final starting odds could be very small for the win.

Millions of dollars are wagered on the Kentucky Derby, both in the win/place/show pools and in exotic pools. The odds will fluctuate plenty on the pari-mutuel system during the build-up to the race, especially in the final few moments before post time so be prepared not to know what betting odds you will get on your horse using this method until go time.

Live Odds & Betting Favorites

On Kentucky Derby weekend, you will be able to follow live odds on the Kentucky Derby, the Kentucky Oaks, and other major races at Churchill Downs. With that information, expert picks, and up-to-the-minute information, you will be ready to place your Kentucky Derby bets with confidence.

At 3-1 odds, Barring any late issues, Forte will probably be a well-defined betting favorite in the Kentucky Derby. He has done nothing wrong as a three-year-old, and he has the Grade 1 experience both at ages two and three to be a confident runner in the Kentucky Derby. Other horses expected to be among the Kentucky Derby odds favorites include Blue Grass (G1) winner Tapit Trice, Arkansas Derby (G1) winner Angel of Empire, and UAE Derby (G2) winner Derma Sotogake. They are all taking significant action in Las Vegas future books based on their race records, which can be a strong sign that they will continue to take action into the Kentucky Derby.

Betting on the 2024 Kentucky Derby with TVG

Our team is always on hand to offer in-depth Kentucky Derby racing analysis and expert picks as we head towards post time at the Kentucky Derby, if you are new to horse racing and betting, review our Kentucky Derby betting guide.

Stay up-to-date on racing odds on the Kentucky Derby with TVG racing; your trusted one-stop destination for expert analysis, news and legal online betting!

We also recommend checking out the FanDuel Kentucky Derby website. This site offers additional valuable information on odds and exclusive betting promotions with America's #1 Sportsbook.

Live Derby Week Coverage on FanDuel TV+

Watch FanDuel Racing’s live, commercial-free, racing coverage of Derby Week on FanDuel TV+ beginning Saturday, 4/29 – Thursday 5/4. FanDuel TV will also be on-site at Churchill Downs providing comprehensive coverage, including the latest news, analysis, and handicapping insights in the days leading up to the Derby.

Get up to $200 Back

If you don't win your first single-horse win bet

By TVG Staff

Updated January 22, 2024

Mark your calendars for the 2024 Kentucky Derby. As one of the most significant and exhilarating betting events of the year, the race features a formidable field of 19 horses vying for a chance to win the $3 million purse in the 1 ¼ mile race. Stay informed and up-to-date with the latest 2024 Kentucky Derby odds to stay ahead of the betting action and make informed decisions about which horses provide the best value.

In 2023, there were major changes in the field on the Thursday before the race, impacting the odds. Trainer Tim Yakteen announced that Practical Move came down with an elevated temperature after training. As a result, he is scratching from the Kentucky Derby. Practical Move had been one of the leading contenders after a win in the Santa Anita Derby (G1), a traditionally live prep. Cyclone Mischief, first on the also-eligible list when the race drew on Monday, will now compete in the Kentucky Derby.

Hours later, stewards ordered all horses in the barn of Saffie Joseph, Jr. out of races at Churchill Downs, ruling Lord Miles out of the Kentucky Derby. This gets Mandarin Hero into the field. King Russell, third on the also-eligible list, got into the starting gate Thursday night after Continuar was scratched; trainer Yoshito Yahagi did not believe Continuar was training well enough into the race.

Friday morning featured another scratch in the race, further impacting the odds, as Skinner had an elevated temperature. This brings the field of the race to 19, as there were no more on the also-eligible list.

Though the odds will not be final until the horses break from the gate, betting opened for the race on Friday morning and early action can give clues about which horses might be sneakily live, and which others bettors are shying away from.

We also have more information on the Kentucky Oaks available at TVG.

Live Derby Week Coverage on FanDuel TV+

Tune in to FanDuel TV+ for Derby Week coverage featuring live racing and analysis. You can watch the live coverage of Kentucky Derby on NBC. FanDuel TV will also be on-site at Churchill Downs providing comprehensive coverage, including the latest news, analysis, and handicapping insights in the days leading up to the Derby.

Latest 2024 Kentucky Derby Odds Updates

Note: we’re still a few months away from the 2024, race, so keep your eyes on this page for updates as they come. In the meantime, here’s a look back at the 2023 race:

The morning line for the Kentucky Derby was determined Monday, May 1, at the Kentucky Derby draw. Forte, the champion juvenile of 2022, has impressed in both preps this year and was deservingly named the 3-1 morning line in the field, leading the odds. Other shorter prices on the morning line include Blue Grass (G1) winner Tapit Trice (5-1) and Arkansas Derby (G1) winner Angel of Empire (8-1).

This is the full field for the Kentucky Derby, including morning-line odds for each horse. With Practical Move, Lord Miles, and Continuar scratching Thursday, Cyclone Mischief, Mandarin Hero, and King Russell can all start. Skinner also scratched Friday morning.

Saturday, Lane Gold stated that a veterinarian scratched favorite Forte after a long meeting with his owner and trainer. However, Pletcher pleaded with the vet to allow Forte to run. Gold said that Forte bobbled and stumbled some during his Thursday morning workout, saying he wasn't fit to race Saturday.

PostHorseTrainerJockeyML
1Hit ShowBrad CoxManuel Franco 30-1
2VerifyingBrad CoxTyler Gaffalione15-1
3Two Phil’sLarry RivelliJareth Loveberry12-1
4Confidence GameKeith DesormeauxJames Graham20-1
5Tapit TriceTodd PletcherLuis Saez5-1
6KingsbarnsTodd PletcherJose Ortiz12-1
7ReincarnateTim YakteenJohn Velazquez50-1
8MageGustavo DelgadoJavier Castellano15-1
9SkinnerJohn ShirreffsJuan HernandezSCR
10Practical MoveTim YakteenRamon VazquezSCR
11DisarmSteve AsmussenJoel Rosario30-1
12Jace’s RoadBrad CoxFlavien Prat50-1
13Sun ThunderKenny McPeekBrian Hernandez, Jr.50-1
14Angel of EmpireBrad CoxFlavien Prat8-1
15ForteTodd PletcherIrad Ortiz, Jr.SCR
16Raise CainBen ColebrookGerardo Corrales50-1
17Derma SotogakeHidetaka OtonashiChristophe Lemaire10-1
18Rocket CanBill MottJunior Alvarado30-1
19Lord MilesSaffie Joseph, Jr.Paco LopezSCR
20ContinuarYoshito YahagiRyusei SakaiSCR
21 (AE)Cyclone MischiefDale RomansJoel Rosario30-1
22 (AE)Mandarin HeroTerunobu FujitaKazushi Kimura20-1
23 (AE)King RussellRon MoquettRafael Bejarano50-1

Wagering on the Kentucky Derby opened on Friday, May 5, just after the 9:00 a.m. EDT scratch deadline, and the track periodically releases current Kentucky Derby odds updates to the public. Sometimes, that odd action can give hints about how a horse will run. If the odds show a lot of the early money falls on a surprising horse, they may run better than expected. If a horse is taking less money at the windows than expected, the horse may be cold on the board for a reason. It’s time to review the information about the horse and make a decision about whether there is a reason to shy away from the horse, or if the horse is actually providing value at those longer odds.

As of the live Kentucky Derby odds Friday morning, Forte remains the favorite, though he feels tepid at only 9-2 in the early action. Angel of Empire and Tapit Trice are in the next echelon of horses at 5-1. Derma Sotogake and Two Phil’s are also live in early Kentucky Derby betting, sitting at 8-1 in the Friday morning wagering.

Make sure to keep an eye on these five contenders in the Kentucky Derby field, as they look among the strongest in the field.

2024 Kentucky Derby Contender Profiles

Mage

Though Mage has only raced three times, there is good reason to think he can defeat his lack of experience and step forward in the Kentucky Derby. In the Florida Derby (G1), he was taken off his more typical forward style, had to rally from dead last, made that rally, and was beaten only a length by Forte. He can get a good trip from a nice draw (post No. 8) if he shows his more customary speed, and even if his break is a little rough he proved in Florida that he is resilient and versatile.

Tapit Trice

The Blue Grass’s importance has been rising in recent years, and Tapit Trice impressed with his victory in that race. Even though he did not beat Verifying by a lot, Verifying had a pace advantage near the front. Furthermore, Tapit Trice showed the maturity to steer out from a rail draw in a short field, get a clean chasing trip, and make his run in the lane. Those are the skills that a Derby winner needs.

Mandarin Hero

Mandarin Hero needed two scratches from the Kentucky Derby field in order to get in, but he got them. He should have been in the field all along. He began his career in Japan, but took a final prep in the traditionally live Santa Anita Derby (G1), finishing a hard-fought second behind the well-proven Practical Move. He has to handle an outside gate, but he should be able to drop in a handful of lengths off the pace and make a smart run in the lane. If Mandarin Hero runs back to his Santa Anita Derby he finds the frame, and if he steps forward in his second American start he is a win candidate.

Derma Sotogake

Though UAE Derby winners do not always run well in the Kentucky Derby, Japanese runners have been excellent in international races over the last few years, and Japanese dirt form has reached a new apex in the last year and a half. Derma Sotogake has class, proven ability to ship, as well as sharp early speed that could help him carve out a good trip in a less pace-heavy Derby than usual.

Check out our comprehensive list of derby contenders here at TVG!


What Kentucky Derby Odds Mean

Morning line odds are essentially a wagering forecast and can show us who is expected to run well in the Kentucky Derby. These odds help us wager and to decide whether or not a horse is a good value for money, given that you may really like a runner who is expected to go off at big odds.

The morning line has been drawn for the Kentucky Derby, and it did not contain any serious surprises. The shortest prices went to the most proven and impressive horses on the Derby trail: Forte, Tapit Trice, and Angel of Empire.

Those with short odds are the horses with a bigger perceived chance of winning the race. The bigger the odds on a horse, the less chance it has of winning the Kentucky Derby according to the stats—though we should always remember horses aren’t machines and longshots do win!

A horse going off at 2-1 essentially has twice the chance of a horse at 4-1 according to the odds. Good value can be claimed when believing a chosen animal will win, even if it is not favored in the betting pools. When you have a good reason for your opinion, it can pay off to stick to your analysis!

Another option is going with the analysis of horse betting experts. Stick with TVG to keep up to date on all of our expert picks and visit our picks page.

While the odds alone (especially the morning line odds) cannot tell us who the most likely winner of the Kentucky Derby will be, they can be used as a helpful guide to tell us where the class is in the field and which horses may be more reliable to wager on.

2024 Kentucky Derby Odds Trends

On Saturday, May 4, we will witness the 150th Kentucky Derby, which is the first jewel in the Triple Crown of horse racing. It takes place in the scintillating arena that is Churchill Downs, in Louisville, Kentucky.

Often the top Kentucky Derby horses with the shortest odds win major prep races like the Florida Derby, Arkansas Derby, and Santa Anita Derby. The horses who perform best in the Kentucky Derby in recent years typically win or finish second in their final prep races, suggesting that they are in good form coming into the race and they are already able to prove themselves against top-level company, hence their odds.company.

Since the Road to the Kentucky Derby was established leading into the 2013 race, the Run for the Roses saw six winning favorites in a row. Then, Country House, with his 65-1 longshot odds, got his famous and controversial win in 2019 via disqualification. But, with non-favored horses winning in 2020, 2021, and 2022 as well, it proves that the points system did not automatically make the Kentucky Derby a race for favorites and those with the shortest odds.

Return here during Kentucky Derby week for the official morning line odds of the Run for the Roses!

Kentucky Derby Horses

Kentucky Derby Prep Race Winners

This is where the Road to the Kentucky Derby comes into its own with points awarded for first, second, third, and fourth in major prep races going back to last year’s juvenile events.

In all, 48 races are usually taken into consideration, mostly in the US but also in Japan, Europe, and the UAE. Heading toward the Kentucky Derby, it can be enlightening to look at the odds at which prep race winners won their points races. Well-bet horses who win preps are likely to be well-bet if they make it along to the Kentucky Derby. For longshots who win their preps, think critically about whether that win seemed like a fluke, or if you are willing to perhaps take shorter odds on Derby Day.

These are the most significant races on the road to the 150th Kentucky Derby. Here are the 2023 horses who won each of the races, and the odds at which they won.

DateRaceTrackPointsWinnerOdds
February 18Risen Star StakesFair Grounds50-20-15-10Angel of Empire13-1
February 25Rebel StakesOaklawn Park50-20-15-10Confidence Game18-1
March 4Fountain of Youth StakesGulfstream Park50-20-15-10Forte1-2
March 4Gotham StakesAqueduct50-20-15-10Raise Cain23-1
March 4San Felipe StakesSanta Anita Park50-20-15-10Practical Move4-1
March 11Tampa Bay DerbyTampa Bay Downs50-20-15-10Tapit Trice1-2
March 25Jeff Ruby SteaksTurfway Park100-40-30-20-10Two Phil's5-2
March 25Louisiana DerbyFair Grounds100-40-30-20-10Kingsbarns9-2
March 25UAE DerbyMeydan100-40-30-20-10Derma Sotogake6-1
March 26Sunland DerbySunland Park50-20-15-10Wild On Ice35-1
April 1Arkansas DerbyOaklawn Park100-40-30-20-10Angel of Empire9-2
April 1Florida DerbyGulfstream Park100-40-30-20-10Forte1-5
April 8Blue Grass StakesKeeneland100-40-30-20-10Tapit Trice8-5
April 8Santa Anita DerbySanta Anita Park100-40-30-20-10Practical Move1-1
April 8Wood MemorialAqueduct100-40-30-20-10Lord Miles59-1

* This horse won a major prep, but is no longer on the Kentucky Derby trail.

** No betting is allowed on track at Meydan. These are the odds from the American pari-mutuel betting pool on the UAE Derby.

How Kentucky Derby Odds are Formulated

In futures wagering and even in the morning line, anticipated Kentucky Derby odds are formulated using a mix of juvenile form, prep race form, and even breeding and reputation of the horses. The morning line is a forecast for how the betting odds will look on race day

Once wagering opens on the day before the Kentucky Derby, odds are determined by the pari-mutuel system. The final wagering odds are determined by the amount of cash in the pool overall from bettors around the country, divided by the number of wagers placed on each horse.

To put it another way, there may be millions in the pool with very few people betting your horse meaning potentially huge odds, but on the other hand, if the majority of people are going for your horse their final starting odds could be very small for the win.

Millions of dollars are wagered on the Kentucky Derby, both in the win/place/show pools and in exotic pools. The odds will fluctuate plenty on the pari-mutuel system during the build-up to the race, especially in the final few moments before post time so be prepared not to know what betting odds you will get on your horse using this method until go time.

Live Odds & Betting Favorites

On Kentucky Derby weekend, you will be able to follow live odds on the Kentucky Derby, the Kentucky Oaks, and other major races at Churchill Downs. With that information, expert picks, and up-to-the-minute information, you will be ready to place your Kentucky Derby bets with confidence.

At 3-1 odds, Barring any late issues, Forte will probably be a well-defined betting favorite in the Kentucky Derby. He has done nothing wrong as a three-year-old, and he has the Grade 1 experience both at ages two and three to be a confident runner in the Kentucky Derby. Other horses expected to be among the Kentucky Derby odds favorites include Blue Grass (G1) winner Tapit Trice, Arkansas Derby (G1) winner Angel of Empire, and UAE Derby (G2) winner Derma Sotogake. They are all taking significant action in Las Vegas future books based on their race records, which can be a strong sign that they will continue to take action into the Kentucky Derby.

Betting on the 2024 Kentucky Derby with TVG

Our team is always on hand to offer in-depth Kentucky Derby racing analysis and expert picks as we head towards post time at the Kentucky Derby, if you are new to horse racing and betting, review our Kentucky Derby betting guide.

Stay up-to-date on racing odds on the Kentucky Derby with TVG racing; your trusted one-stop destination for expert analysis, news and legal online betting!

We also recommend checking out the FanDuel Kentucky Derby website. This site offers additional valuable information on odds and exclusive betting promotions with America's #1 Sportsbook.

Live Derby Week Coverage on FanDuel TV+

Watch FanDuel Racing’s live, commercial-free, racing coverage of Derby Week on FanDuel TV+ beginning Saturday, 4/29 – Thursday 5/4. FanDuel TV will also be on-site at Churchill Downs providing comprehensive coverage, including the latest news, analysis, and handicapping insights in the days leading up to the Derby.