Pick a legal sportsbook, horse-racing app, or off-track betting site
Create an account and verify your identity if required
Deposit funds into your betting account
Review the Kentucky Derby race card, odds, post positions, and morning-line favorites
Decide your wager type before betting
Place a win bet if you want your horse to finish first
Place a place bet if you want your horse to finish first or second
Place a show bet if you want your horse to finish first, second, or third
Place an exacta bet if you want to pick the first two finishers in exact order
Place a trifecta bet if you want to pick the first three finishers in exact order
Place a superfecta bet if you want to pick the first four finishers in exact order
Use an across-the-board bet if you want one horse in win, place, and show
Use an exacta box, trifecta box, or superfecta box if you want multiple horses to cover more combinations
Consider a daily double, Pick 3, Pick 4, or Pick 5 if you want to bet multiple races
Compare odds and horse form before placing your wager
Check the minimum bet amount for each wager type
Confirm your bet slip before the race starts
Keep your ticket or digital confirmation until the race is official
Collect winnings according to the rules of your betting platform or venue