Bet the Kentucky Derby in Philadelphia: A how-to guide for this year’s race 

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Belmont stakes
Kentucky Derby entrant Tapit Trice works out at Churchill Downs Thursday, May 4, 2023, in Louisville, Ky. The 149th running of the Kentucky Derby is scheduled for Saturday, May 6. (AP Photo/Charlie Riedel)

The 149th Kentucky Derby will take place on Saturday and this guide for How to Bet the Kentucky Derby in Philadelphia will give PA bettors all the information they’ll need to bet on the first race in the Triple Crown. This includes new user promos like Twinspires and Fanduel.

Below, you will find our comprehensive guide for How to Bet the Kentucky Derby in Philadelphia. This includes a complete overview of the field, odds, and all the different types of bets you can place.

How to Bet the Kentucky Derby Online in Philadelphia

Odds for the 2023 Kentucky Derby

Before you bet on the Kentucky Derby, it’s a good idea to be aware of the horses in the field, their post position, and the most up-to-date odds. Odds on horse races do tend to change frequently, so it’s always best to double-check before placing your bet. Like other sports bets, the odds can also fluctuate between sportsbooks, with both Twinspires and FanDuel having their own ways of setting the odds.

HorseOddsPost Position
Tapit Trice5-15
Angel of Empire8-114
Derma Sotogake10-117
Practical Move*10-110
Two Phil’s12-13
Jace’s Road15-112
Raise Cain15-116
Rocket Can15-118
Confidence Game20-14
Hit Show30-11
Lord Miles*30-119
Sun Thunder30-113
*scratched from the field

Forte has long been the favorite for the 149th Kentucky Derby. If his odds of winning remain at 3/1, a $100 bet would earn a player $300 in winnings and the $100 bet back.

Kentucky Derby
FILE – Irad Ortiz Jr. rides Forte to victory during the Breeders’ Cup Juvenile race at Keenelend Race Course, Friday, Nov. 4, 2022, in Lexington, Ky. Todd Pletcher-trained colt Forte and Brad Cox’s filly Wet Paint are the morning line favorites respectively for the 149th Kentucky Derby and Kentucky Oaks at Churchill Downs. Forte, the 2-year-old champion whose 190 points led the Derby qualifying trail, drew the No. 15 post at 3-1 odds on Monday, May 1, 2023, for the $3 million premier race for 3-year-olds. (AP Photo/Jeff Roberson, File)

Everyone remembers last year when Rich Strike won the Kentucky Derby at 80/1, giving bettors $8,000 in profit. The Kentucky Derby always throws up the possibility of a surprise, making betting on longshots all the more enticing.

Types of Bets for the Kentucky Derby

There are several ways you can bet on the Kentucky Derby. These are the most common that you’ll find on both FanDuel Racing and TwinSpires.

Win, Place, Show

The ‘Win’ selection is self-explanatory, but the ‘place’ is a great way to bet on a Horse doing well. Let’s say you bet on Forte to win at 3-1, if he comes second, which is still a commendable effort, it’s a loss. But a place may go off at 4-9, giving bettors at least a chance to cash a slip. This is especially valuable on longer shots, with 50-1 horses going off at 10-1 just to place, which is better than some odds of others’ outright win prices!

Vertical Exotic Bets

If you’re familiar with sports betting, things like the exacta, trifecta, superfecta, and super high five bets are similar to same-game parlays. These bet types allow you to not only choose which horses will finish in the Top-2, Top-3, Top-4, or Top-5, but their exact running order. These are had to nail, but the payouts could be HUGE.

Legal Racebooks and New User Offers for the Kentucky Derby

If you want to bet on the Kentucky Derby, you have two great options. These apps come with exciting offers just for new bettors who sign up for an account. Let’s dive into what each app offers:

$20 No-Sweat Bet From FanDuel Racing

Fanduel Sportsbook
States: NY, LA, AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV
New Player Bonus
$20 No-Sweat Bet
On the Kentucky Derby

The FanDuel Racing app is available in quite a few states, but you can also find the racing section on the FanDuel Sportsbook app. Players who click on our links will be taken to a landing page for a special bonus: bet $5, Get $150 guaranteed bonus bets for the NBA, NHL, MLB, or any other sports game. You can take advantage of this promo, wager $5 on a sporting event and get $150 in bonus bets which you can bet on the Run for the Roses.

If you’re not interested in that offer, simply click on the link, select “sign up”, and find to the “racing” tab. Then, make an initial deposit and wager up to $20 on any horse to win the race. If your Horse loses, you’ll receive a bonus of up to $20 to use on another race! (If you bet $5, you’d be given a $5 bet etc)

To claim these offers, simply click here

TwinSpires: Get a FREE $200 Bonus bet on the Kentucky Derby

If you sign up to TwinSpires today using our link, you’ll be given a $200 bonus bet to use on the Kentucky Derby. To claim, all you have to do is sign up using the link, create an account, and place a wager on this weekend’s Kentucky Derby. If your bet wins, congratulations! If not, you’ll be refunded the value of the wager in free bets.

That means if you were to back ‘Verifying’ at 15/1, you could land over $3,000 in winnings. If it loses, you’d get your money back as a bonus bet.

AP Photo/Charlie Riedel