2014 Kentucky Derby Odds
Of all the information necessary to bet on the Kentucky Derby none are more important than the betting odds. The name of the game in horse racing is valuation - at the right price the longest shot becomes a 'positive EV' selection and at the wrong price even the strongest favorite becomes unbettable. Not knowing or understanding betting odds is like going shopping without understanding how products are priced. Parimutuel odds change all the time up until the start of the race and unlike sports betting they're not 'locked in' when you purchase your ticket - the official payout information isn't known until after the race is run.
Over the course of the year up until post time of the Kentucky Derby you'll encounter a variety of betting odds that mean different things. Here's a quick rundown of these:
Future Kentucky Derby Odds
These are the only Kentucky Derby betting odds that are currently available. Sports books in Nevada and offshore post futures book odds on a variety of three year old race horses. At the start of the year the Wynn Las Vegas offered futures wagering odds on nearly 200 horses. This number has been pared down to 31 horses and of these only 24 or so have a realistic chance of even starting in the Kentucky Derby, let alone winning.
Below are the top ten contenders as of 4/14/14 with their current Wynn Las Vegas betting odds:
|HORSE NAME||POST||ML ODDS|
|VICAR'S IN TROUBLE||N/A||14/1|
Morning Line Odds
There won't be any official Kentucky Derby odds until the Wednesday before the 2014 race. After the field is finalized morning line odds will be released by Churchill Downs oddsmaker Mike Bataglia. These will be the 'opening numbers' for betting purposes but they'll change often due to actual wagering patterns at the race track and simulcast locations. We'll update as the race gets closer with futures betting information from the Wynn Las Vegas Race Book followed by morning line information and live betting updates from Churchill Downs.
Live Betting Odds
Once betting opens for the race the odds then move in accordance with the money wagered on certain horses. Public sentiment can make a morning line 'also ran' into a favourite and an overlooked horse can become a favourite of 'wise guys' and attract a lot of betting action. Watching the odds move at this point can reveal information about who the public likes (and doesn't like).
Official Pay Information
Once the Kentucky Derby has been run and the order of finish confirmed the track tote board will post pay information for the top three horses ('win, place and show') and the exotic wagers like the exacta and trifecta. This will be based on the actual betting for the race minus the track takeout.
Finding Accurate Kentucky Derby 2014 Odds
The most important thing to remember is that you want to get your odds for the Kentucky Derby at a reputable website (like ours) to make sure you get accurate information before you make any bets on the horse race in 2014. There are quite a few websites out there that are full of misinformation. Making sure you stick with a reputable website like ours is important when it comes to Kentucky Derby odds.