Open a legal betting account or visit a licensed sportsbook or racetrack
Check the Kentucky Derby race card and the list of entered horses
Review morning-line odds and any late changes
Compare horses based on form, speed figures, post position, and jockey
Choose a bet type
Win bet: pick one horse to finish first
Place bet: pick one horse to finish first or second
Show bet: pick one horse to finish first, second, or third
Exacta: pick the first two finishers in order
Trifecta: pick the first three finishers in order
Superfecta: pick the first four finishers in order
Daily Double: pick winners of two consecutive races
Pick 3, Pick 4, or Pick 5: pick winners of multiple consecutive races
Decide your stake amount
Place the bet before the wagering cutoff
Keep the betting ticket or digital confirmation
Watch the race and collect winnings if your bet wins
Set a budget and bet responsibly