Kentucky Derby Odds - Guide for betting on the 2025 Derby
Kentucky Derby Odds - Guide for betting on the 2025 Derby
Every year, the first Saturday in May marks one of America's most anticipated sporting events: the Kentucky Derby. Up to 20 horses compete at the historic Churchill Downs in Louisville, Kentucky, for a chance to win an enormous purse and take their place in history. Even if you've never followed horse racing, chances are high that you're familiar with this prestigious event.
As one of the most significant betting events of the year, horse racing fans, newbies, and everyone in between study the horses, trainers, jockeys, and, most of all, the Kentucky Derby odds—eager to be a part of the excitement and tradition of this classic race, read on for an overview of this beloved racing event and its history, its legends, and tips on reading betting odds for the Kentucky Derby.
Betting on the 2025 Kentucky Derby
As horses on The Derby Trail qualify and are scratched throughout prep races, Kentucky Derby horses and their odds fluctuate fairly frequently. For example, in 2022, the horse Rich Strike replaced Ethereal Road on the contenders list after Ethereal Road was scratched from the running. As an 80-1 longshot, Rich Strike then went on to win the Derby.
Each year, about 500 horses are in contention for race day. Anything can happen in the time leading up to the Kentucky Derby. Live odds will shift a countless number of times, and horses will move up and down the list—even up until betting closes on Derby day.
The official field and post positions will be announced on Saturday, April 26.
2025 Kentucky Derby Odds
Here are the current probable starters for the Kentucky Derby, listed in order of Derby Qualifying Points. Designated fair odds values are currently assigned to these horses as an estimate of where their Kentucky Derby odds would likely open if they are selected in the Draw on Saturday. Following the Post Position Draw (Saturday, April 26 from 7pm to 8pm ET), the opening Morning Line will be set for Kentucky Derby odds and replace the fair odds values. Wagering on the 2025 Kentucky Derby will be available at DK Horse as early as Tuesday, April 29!
Below are the odds as of 4/23 from DraftKings Race and Sportsbook Director Johnny Avello.
1. Burnham Square (10-1)
Brian Hernandez, Jr.
Ian Wilkes
2. Sandman (6-1)
Jose Ortiz
Mark Casse
3. Journalism (3-1)
Umberto Rispoli
Mike McCarthy
4. Rodriguez (9-1)
Mike Smith
Bob Baffert
5. Tiztastic (14-1)
Joel Rosario
Steve Asmussen
6. Tappan Street (10-1)
Luis Saez
Brad Cox
7. Sovereignty (9-2)
Junior Alvarado
Bill Mott
8. Final Gambit (35-1)
Luan Machado
Brad Cox
9. Coal Battle (18-1)
Juan Vargas
Lonnie Briley
10. Chunk of Gold (35-1)
Jareth Loveberry
Ethan West
11. Citizen Bull (16-1)
Martin Garcia
Bob Baffert
12. Owen Almighty (50-1)
Javier Castellano
Brian Lynch
13. East Avenue (18-1)
Manny Franco
Brendan Walsh
14. Publisher (20-1)
Irad Ortiz, Jr.
Steve Asmussen
15. American Promise (35-1)
Nik Juarez
D. Wayne Lukas
16. Flying Mohawk (50-1)
Joseph Ramos
Whit Beckman
17. Grande (30-1)
John Valazquez
Todd Pletcher
18. Built (40-1)
Flavien Prat
Wayne Catalano
19. Luxor Cafe (12-1)
Joao Moreira
Noriyuki Hori
20. Admire Daytona (JPN) (40-1)
Christophe Lemaire
Yukihioro Kato
21. Neoequos (40-1)
TBA
Saffie Joseph Jr.
22. Render Judgment (75-1)
TBA
Kenny McPeek
23. Baeza (40-1)
TBA
John Shirreffs
24. California Burrito (100-1)
TBA
Tommy Drury Jr.
How Do You Bet on the Derby?
Kentucky derby horses and their odds are usually presented in an x-y format. For example, 3-2 odds means a $2 wager pays $3. On all bets, you win the payout amount, and your initial stake is also returned to you. On this 3-2 bet, you receive back your $2 bet and the $3 winnings, walking away with $5.
Bet Types
The Kentucky Derby offers two main styles of betting: straight wagers and exotic wagers, each with its own subset of bet types.
Kentucky Derby straight betting types
Straight wagers are bets on a single horse to finish first, within the first two places, or within the first three places—referred to as win, place, and show, respectively.
Win
A win bet wagers on a horse to finish first. This type of bet tends to have the longest odds out of the straight wagers.
Place
A place bet pays out if your horse finishes first or second place.
Show
A show bet pays if your horse finishes in first, second, or third place.
Across the board
An across-the-board wager places stakes on a horse to win, place, or show.
Win/place, place/show
Straight betting also allows for win/place and place/show bets.
Exotic wagers
Exotic wagers are bets that two or more horses will finish in a sequence that you predict. This style of betting usually offers much larger payouts than straight bets, but the odds of winning are much harder to beat. For more info on different types of wagers, check out our guide to betting on horse racing.
The odds to win greatly impact the odds to win an exotic wager. For example, in 2001—the winner Medina Spirit, with 125-1 odds to win—a $2 exacta paid $503.60, a $1 trifecta paid $1,696.90, and a $1 superfecta paid $9,456. Conversely, Nyquist, the winner in 2016— with 5-2 odds to win—paid $30.80 on a $2 exacta, $173 on a $1 trifecta, and $542 on a $1 superfecta.
Exacta
An exacta wager is a bet on two horses to finish first and second place in exact order.
Trifecta
This wager selects three horses to come in first, second, and third place, in precise order.
Superfecta
This type of bet wagers on the first four horses to cross the finish line in the sequence you select, much the way the exacta selects two horses and the trifecta, three.
Boxing exotic bets
Some exotic wagers often enable you to "box" your bet. A boxed wager pays out regardless of what order your horses finish in. A box bet costs more than a straightforward exotic wager, but improves your chances of a payout.
Early betting
If you're looking to get in on the action as soon as possible, futures betting traditionally opens for a short time in November, February, March, and April, while prep races for the Kentucky Derby take place.
Horses have the longest odds to actually win the Kentucky Derby during prep season. Thousands of contenders compete just for the chance to become eligible, so every one of them has a big hill to climb just to qualify—but if your horse makes it to the Derby and wins, the payout will be quite substantial.
Derby week options
The week leading up to the Kentucky Derby consists of narrowing down the final entries, which are usually determined the Monday or Tuesday of that week at the Kentucky Oaks race at Churchill Downs. Advance betting on the Derby typically becomes available the morning before the main event.
Kentucky Derby Prep Races
Horses qualify for the Kentucky Derby through a series of preliminary races held throughout the year in four groupings called "The Road to the Kentucky Derby", or sometimes referred to as "The Derby Trail". Churchill Downs awards points to the top five finishers of selected races throughout the series.
The Road to the Kentucky Derby spans numerous races between September and May, on race tracks around the world. The Kentucky Oaks race precedes the Derby, usually occurring the Monday or Tuesday right before Kentucky Derby Saturday at Churchill Downs.
History of the Derby
Since it first ran in 1875, not a year has gone by in which the first Saturday in May didn't greet the famed and beloved Kentucky Derby.
Past Kentucky Derby winners
Even during the Great Depression, when many other tracks halted their yearly main events, Churchill Downs didn't shut down this much-anticipated occasion. Since 1875, Churchill Downs has seen 148 Kentucky Derby winners. Here's a look at the five most recent Derby champions.
2020 | Authentic |
2021 | Mandaloun |
2022 | Rich Strike |
2023 | Mage |
2024 | Mystik Dan |
Historic Kentucky Derby races
With so many races run over the past century-and-a-half, some races and winners stand out among the rest, through victories and unforgettable moments that cemented their place in horse racing history.
Brokers Tip
1933 – This race was momentous, not so much for the winner, but for a melee that ensued between jockeys Don Mead, atop Brokers Tip and Herb Fisher, riding Head Play. As the horses raced side by side, the two men were seen grabbing hold of each other as they crossed the line, in what became known as the “fighting finish”. Brokers Tip emerged victorious, but as a result of the tussle, both jockeys received a suspension from racing immediately following the Derby.
Forward Pass
1968 – Finishing a physical second place to Dancer's Image, Forward Pass won by default when testing found traces of phenylbutazone in the winning horse's system. The substance was banned in horse racing at the time, and Dancer's Image was disqualified. This was the only instance of a winner disqualification for a banned substance in the history of the Kentucky Derby.
Secretariat
1973 – Many consider Secretariat to be the greatest Kentucky Derby racer of all time. Beating the speed record in each of the Triple Crown races, Secretariat was the first horse to finish in under two minutes, at 1:59:40. The second horse ever to do so was Sham—the horse that came in right behind Secretariat in that same race.
Big Brown
2008 – Big Brown began from the 20th position (the most difficult starting place to gain ground); though it's rare for a horse to win from position 20, it has been done before. What makes Big Brown's win so special is that he finished first at almost five lengths ahead of Eight Belles, the second-place finisher.