The 2023 Kentucky Derby is right around the corner. This year’s race will be taking place on May 6.
We still have a little bit of time before fans will begin flocking to Churchill Downs, but it isn’t too early to start planning out your betting strategy for the big race. Hoosiers have access to a handful of Kentucky Derby betting sites that make the process simple.
Kentucky Derby betting online with TVG
The easiest way to bet on the Kentucky Derby is to place your bets online.
Sites like TVG allow Indiana residents to wager from their smartphones and computers. In other words, you can place your bets online while sitting on your couch at home.
When it comes to betting on the 2023 Kentucky Derby, signing up for TVG is one of your best options.
The company has a deal on the board for horse racing fans that’s perfect for the Run for the Roses. This deal only applies to Hoosiers that haven’t used TVG before, so you’ll have to sit this one out if you already have an account with the company.
If you lose your first bet, then the racebook’s deal will give you back up to $200 in bonus bets.
That’s a fantastic way to lighten the load with your first bet. If things go south, then you get a second chance before losing your money.
If you plan to bet on the Derby anyways, then why not take some of the risk out of the equation? With TVG’s deal, you’ll at least get something back if you place a losing bet.
Kentucky Derby deals from FanDuel Racing
You might already be familiar with FanDuel Sportsbook, but now the horse racing arm of the company is stepping into the picture. FanDuel Racing is open for business and hoping to take your Kentucky Derby bets this year.
Just like TVG, FanDuel offers all of the Kentucky Derby live odds that you need to place your bets.
If you’re new to betting on horse racing, then some of the basics might feel overwhelming. To help navigate the waters, FanDuel has a new Kentucky Derby Guide available for this year’s race.
Once you have a handle on the basics, then it’s worth looking into what deals are out there for the Derby.
FanDuel offers a rotating slate of promotions, some of which mirror the company’s sportsbook deals.
For example, race fans can typically find a “No Sweat Bet” deal on FanDuel. That deal gives you up to $10 back as a bonus bet if their wager loses.
These types of deals are available to everyone throughout the year. In other words, these aren’t just one-time promotions for new users.
FanDuel changes it’s list of deals daily, so check back in closer to the Kentucky Derby for the complete list of options.
Where to bet on the Kentucky Derby in Indiana
Outside of online betting, the easiest way to place your Kentucky Derby bets is to visit a racebook in person.
For Hoosiers, that means traveling to Horseshoe Indianapolis or Harrah’s Hoosier Park. These are the only two horse racing casinos in the state, so they offer full racebooks for betting at their tracks.
Outside of that, visiting a Winner’s Circle location is another great option. Caesars Entertainment operates these properties, which act as dual racebooks and restaurants.
There are a handful of Winner’s Circle locations around the state, which makes these more accessible options for betting on the Kentucky Derby in person, especially if you don’t live near the horse racing casinos near Indianapolis.
Triple Crown races are wildly popular, so many in-person locations hold special events. These types of parties can help turn a two-minute race like the Kentucky Derby into an all-day event for everyone in attendance.
2023 Kentucky Derby betting odds
Only a select group of horses get to actually participate in the Kentucky Derby every year. 2023’s slate is finalized now that the official drawing has taken place.
Here’s a look at every horse and their betting odds ranked by post position as of 2 p.m. May 5:
| Post Position | Horse Name | Betting Odds |
|---|---|---|
| 1 | Hit Show | 35-1 |
| 2 | Verifying | 17-1 |
| 3 | Two Phil's | 8-1 |
| 4 | Confidence Game | 19-1 |
| 5 | Tapit Trice | 6-1 |
| 6 | Kingsbarns | 11-1 |
| 7 | Reincarnate | 15-1 |
| 8 | Mage | 19-1 |
| 9 | Skinner | Scratched |
| 10 | Practical Move | Scratched |
| 11 | Disarm | 24-1 |
| 12 | Jace's Road | 42-1 |
| 13 | Sun Thunder | 39-1 |
| 14 | Angel of Empire | 6-1 |
| 15 | Forte | 4-1 |
| 16 | Raise Cain | 40-1 |
| 17 | Derma Sotogake | 8-1 |
| 18 | Rocket Can | 37-1 |
| 19 | Lord Miles | Scratched |
| 20 | Continuar | Scratched |
| 21 | Cyclone Mischief | 43-1 |
| 22 | Mandarin Hero | 28-1 |
| 23 | King Russell | 43-1 |
