If you’re like any other Kentucky Derby fiend and can’t wait till May to put on your derby day attire, sip mint juleps and wager on that special horse you’ve had your eye on, you will be happy to hear you can place a futures bet early.
The 2020 Kentucky Derby is the 146th running of the race and will take place on Saturday, May 2.
Kentucky Derby betting Futures
Futures bets traditionally take place before the start of a season, like selecting the winner of the 2020 World Series or who will be the 2020 NFL MVP.
The Kentucky Derby and Oaks Futures Wager is an opportunity for fans to bet early on which horse they think will earn a spot in the starting gate and go on to win the race, according to a press release.
Betting opens on Friday, March 6 at 12 p.m. ET, and goes till 6 p.m. ET Sunday, March 18.
Here’s more from the release:
“Future Wager bets typically offer larger payouts than betting the same horse on race day because it is not yet known which horses will ultimately qualify to run in the Derby. This Future Wager offers 24 potential contenders to bet on. 23 are individually named horses and the 24th option is a bet on “all others”. A bet on “all others” will win if any horse other than the 23 individually named in this pool wins the Kentucky Derby.”
2020 Kentucky Derby favorites
According to the current list distributed by the Kentucky Derby, Tiz the Law closed with 8-1 odds and is the current favorite after winning the Holy Bull Stakes on Feb. 1.
Seven horses have 30-1 odds with three horses currently holding 50-1 odds. Last year’s winner, Country House, had 30-1 odds, the highest since 2012 when I’ll Have Another won at 15-1. If you’re looking for a super long shot, you should be reminded that the last time a horse won with odds 50-1 or greater was in 2009 when Mine That Bird won at 51-1.
Regardless of where your head or your heart tells you to place your money, this should be exciting news for casual and experts bettors alike. With 58 days till the Greatest Two Minutes in Sports be sure to get your wagers in soon.