On this page you will find the latest Kentucky Derby odds. You will also find out how to read horse racing odds and where you can find live Kentucky Derby odds.
Where to find Kentucky Derby Live Odds
The best way to get the latest and most precise horse racing odds is to sign up with an online racebook and download their app. There, you will be able to access live odds for all the horses before and during the race.
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How to Read the Kentucky Derby Odds
So, if you are going to place bets on the Kentucky Derby, you need to know how to read Kentucky Derby odds. Now, it is important to know all about the different kinds of odds that you will encounter. That way, you can use the odds to calculate how much you would win for a winning bet depending on the amount you stake.
There are three types of odds that you will encounter on sportsbooks: Moneyline odds, Decimal odds, and Fractional odds. We will look into what odds mean so you can understand Kentucky Derby Odds and Post Positions come Derby Day. And, you will be able to place some really smart bets on the Derby.
If you are going to make bets using Current Kentucky Derby Odds, this information is important to know. Fractional odds represent the ratio of the amount (also known as profit) won compared to the to the amount you wagered (also known as stake). Decimal odds are the amount you would win for every $1 that you wagered. And finally, Moneyline odds, also known as American odds, indicate the amount you would need to bet in order to win $100 or the amount you would win for every $100 you bet. This depends on whether the odds listed have a negative or a positive sign in front of the number.
- The equation you need use to figure out the profits you would get for (+) Moneyline Odds bets is: Profit = (Stake x Odds)/100
- The equation you need to use to calculate negative (-) Moneyline odds is: Profit = (Stake/Odds) x 100
- Decimal odds require you to multiply the stake by the odds, then you subtract your stake. Profits = (Stake x Odds) – Stake
- Finally, the equation you would use to calculate your profits using fractional odds is: Profit = (Stake/Denominator) x Numerator
You can use all of these equations when you receive Updated Kentucky Derby Odds to place some well thought out bets. Then, you will know the amount of profit you will have coming to you. And, you will know how much to put up for the stake!
Derby Odds Converter
Use our odds converter to calculate the probability of a horse winning a race. Simply enter the fractional current Kentucky Derby odds for a horse and you will get their value in decimal and American odds, as well as the percentage of the probability of that horse to win.
Enter Your Odds (Converts Automatically)
|Fraction||Decimal||American||Implied Probability (%)|
So, now you have a lot of information about the Kentucky Derby contenders listed above and an understanding of how to read Kentucky Derby odds. You should keep a close eye on these horses to see who pulls ahead of the pack. Then, you will be able to hopefully predict which horse will be victorious come Kentucky Derby day.