How to Bet on the Kentucky Derby in 2023 (Horse Race Betting Explained)

There's absolutely no doubt that the Kentucky Derby is the biggest horse racing event of the year. Even compared to the other Triple Crown races, the Kentucky Derby shines brightest.

That also means the 2023 Kentucky Derby will be the year's biggest event for wagering on horse racing, with many people brand new to betting getting in on the action.

Here's The Duel's full guide on how to bet on horse racing, especially the 2023 Kentucky Derby.

How and Where to Bet on the Kentucky Derby 2023

The absolute best place to bet on the 2023 Kentucky Derby is FanDuel, whether you're in a state that allows FanDuel to offer horse racing right through the FanDuel Sportsbook app or whether you're using FanDuel Racing and TVG.

There are plenty of reasons why, but the one we're sure you're most interested in is the generous Kentucky Derby promo offers available. FanDuel Racing and FanDuel Sportsbook will give you $20 back on your bet, while new TVG users get up to $200 back if their first bet loses.

The industry leader in sports betting, FanDuel also offers everything a bettor could want in terms of variety of wagers, deposit options and top-notch customer service.

The steps to claiming an offer and placing your bet are simple:

1. Click here to visit FanDuel's Kentucky Derby betting page, which will direct you to the appropriate place to bet in your state
2. Sign up to automatically claim your bonus offer
3. Place a wager on whichever horse you'd like
4. Enjoy the excitement of watching the biggest race of the year with a bet on the line!

If you're brand new to betting on horse racing, some of the options may seem confusing and a little intimidating. We've got you covered there, too, with a guide on what you need to know about horse race wagering.

Horse Racing Betting FAQ

For example, if you "box" an exacta between the No. 1 and No. 4 horse, that gives you the two possible combinations of 1-4 and 4-1 finishes. If you're boxing a trifecta of No. 1, No. 4 and No. 6, that means you bet all the combinations of 1-4-6, 1-6-4, 4-1-6, 4-6-1 and 6-4-1.

Check out more Kentucky Derby coverage from The Duel: