Everything You Need to Know About Online Kentucky Derby Betting 2022
The 2022 Kentucky Derby is almost here and a massive viewing and betting audience is expected. After all, the Kentucky Derby is the most popular horse race in the world.
While legal online sports betting has expanded in recent months, it’s critical to note that betting on horse racing is legal in far more states. That means bettors can legally wager on the Kentucky Derby than any other sports event. Below you will find our guide for how to bet on the Kentucky Derby, including the most current odds, types of bets, picks, and anything else you would need to know before you bet on the 2022 Run for the Roses.
Bettors in 33 states will have access to bet on the 2022 Kentucky Derby with TVG, the go-to app for betting on the event. TVG can be found in states with legal online sports betting, such as New York, Arizona, Colorado, Louisiana, Illinois, Indiana, Pennsylvania, and Michigan just to name a few. Plus, the app is available in states where online sports betting is not, such as Florida, Ohio, and California.
The 148th running of this iconic race will see 20 jockeys take to the track on the backs of their teams’ best horses. The race will take place at Churchill Downs, which features a 1.25 mile lap.
If you’ve considered betting on the Kentucky Derby in the past, but weren’t sure if you were eligible to do so, check out TVG and confirm it’s available in your state. If so, you can get in on the action with a $200 risk-free first bet offer. The app also has some of the most competitive odds available, which will make betting on the Run for the Roses even more exciting.
Click here to get a $200 risk-free first bet on the 2022 Kentucky Derby with TVG.
How to Bet on the Kentucky Derby Online
There is one app that we would highly recommend using ahead of the 2022 Kentucky Derby. Let’s take a look at what it has to offer and how to sign up.
While it isn’t the only app to offer action on the Run for the Roses, bettors would be smart to consider signing up with TVG. This horse racing app is the industry leader and is a must-have for any bettor planning on throwing down money on this year’s Kentucky Derby.
TVG is a sister app of FanDuel Sportsbook, which is one of the top legal online sportsbook apps in its own right. Many of the same streamlined interface elements from FanDuel can be found in the sleek TVG app. As such, bettors will find an incredibly user-friendly app with which to legally bet on the race.
How to Register with TVG
Any bettor interested in registering for a TVG account can do so by following a few steps. Doing so will give bettors the opportunity to wager on the 2022 Kentucky Derby. Here’s how to sign up:
- Click here to register for a TVG account.
- Select your preferred deposit method to add funds to your account.
- Place your first bet, with up to $200 backed by TVG.
Where Can Bettors Wager On the Kentucky Derby Online?
There are 33 states that offer legal betting on the Kentucky Derby, including:
- New Hampshire
- New Mexico
- New York
- North Dakota
- Rhode Island
- South Dakota
- West Virginia
TVG is available in most of the aforementioned states, so be sure to check on your eligibility when you sign up via any of our links on this page.
2022 Kentucky Derby Odds
Below you will find the best odds for the 148th Kentucky Derby from TVG:
|4||Summer Is Tomorrow||30-1|
|9||Tiz the Bomb||30-1|
|11||Pioneer of Medina||30-1|
Two horses, Rich Strike (30-1) and Rattle N Roll (30-1), are listed as also-eligible entries, which will be eligible to run in the race if another horse is scratched from the main field before 9AM ET Friday morning.
At 3-1, Zandon is the odds-on favorite to win the 2022 Kentucky Derby. Epicenter is also one to keep an eye on at 7-2 odds, as is Messier at 8-1 odds. Meanwhile, Mo Donegal (10-1), White Abarrio (10-1), and Taiba (12-1) have gotten some late momentum from pundits who have studied the field.
Unlike the 2021 Kentucky Derby, which had a few horses listed at 50-1 odds, the longest odds in the field for the 2022 race are 30-1. Eight horses fit the bill, as you can see in the chart above. Bettors looking for a long shot with slightly better odds could choose to throw down money on Smile Happy, Crown Pride, Charge It, Simplification, Cyberknife, or Zozos, all of which are listed at 20-1 odds.
What Do The Odds Mean?
If you’re new to betting on horse racing, or if it’s been some time since you’ve last wagered, it’s important to know what the odds mean. Zandon’s 3-1 odds indicate that for every $1 wagered by a bettor, the player would win $3 in profit.
The reason that so many bettors like to wager on a long shot is that the financial upside can be huge. For example, a bettor could wager $100 on any of the horses with 30-1 odds for a chance to earn $3,000 in profit plus their $100 stake back. Since TVG offers a risk-free first bet, it could make sense to bet on a horse with longer odds than 3-1.
How to Bet on Horse Racing
Before you place a legal wager on the 2022 Kentucky Derby, you should familiarize yourself with the appropriate terminology. Let’s take a look at the kinds of bets you can place.
Win, Place, Show
The most traditional kind of bet a player could place includes a straight bet on win, place, and show. These bets are made on where a horse will place in the race.
This is exactly what it sounds like. A bettor who places a wager on the win market is picking a horse to win the race.
The place market gives bettors the chance to earn a win if the horse finishes first or second in the race.
Bettors who believe they’ve honed in on a horse with a shot to finish in the Top-3, but aren’t sure where the horse will finish in that Top-3 should consider placing a show bet. This will pay out if the user’s horse finishes first, second, or third.
Vertical Exotic Bets
Vertical exotic bets are tricky. On the surface, the concept is simple, but the execution of placing a winning bet can be difficult. The odds, however, are long, which gives bettors a chance to pick up a sizable payout on a smaller bet. These bets are tied to the exact order that specific horses will finish.
Bettors must pick the Top-2 horses in order to win.
Players have to pick the Top-3 horses in order correctly to win.
This is the same as a trifecta bet, however it extends to correctly picking the Top-4 horses in order.
Super High Five
This is a wildly difficult prop to hit, but the payout could be enormous relative to the wager. For this bet to win, a player would need to select the Top-5 finishers in order.
Horizontal Exotic Bets
Horizontal exotic bets are similar to a parlay bet in legal online sports betting, as opposed to vertical exotic bets, which are more in line with a same game parlay. As such, horizontal exotic bets must be placed across a number of separate races. These bets include markets, such as:
- Daily double
- Pick three/four/five/six
There is tremendous value in placing a horizontal exotic bet. Tying multiple bets together allows bettors to place a single wager with longer odds as opposed to placing separate bets.
Has a Long Shot Ever Won the Kentucky Derby?
Yes. Donerail holds the all-time record as the longest shot to win the Kentucky Derby, doing so at 50-1 odds in 1913. Since then, Country House won the race at 65-1 odds three years ago. Mine That Bird and Giacomo also won the race at 50-1 odds in 2009 and 2005, respectively.
2022 Kentucky Derby Picks
Best Bet to Win
The oddsmakers clearly believe that Zandon is the best bet to win the 2022 Kentucky Derby at 3-1 odds. One horse that many pundits believe has a legitimate shot to win the race is Messier at 8-1 odds. Bettors looking to secure a larger payout on a horse that isn’t the favorite might want to consider betting on Messier to win. It could be smart to hedge a bit by taking Zandon on a show bet.
Taiba isn’t exactly the longest of long shots, but at 12-1 odds, there’s legitimate value. Remember, 12-1 odds equate to +1200 odds. That means a $100 bet would return $1,200 in profit if Taiba were to win.
Where and When to Watch the 2022 Kentucky Derby
The 2022 Kentucky Derby takes place on Saturday, May 7, 2022.
The post time for the 148th running of the Kentucky Derby is 6:57 PM ET. Coverage is set to run from 2:30 PM to 7:30 PM.
NBC is the official home of the 2022 Kentucky Derby. Viewers can also watch on the NBC Sports app and NBCSports.com.
Get a $200 risk-free bet from TVG to use on the 2022 Kentucky Derby when you click here.