The quickest way to place your bets on the 2024 Kentucky Derby is through the internet. However, when you do place your bets, make sure that you do it through a credible company.

As per the official Kentucky Derby website, the following are accredited companies:

You can place your bet in a number of ways:

  • Place Wager - Putting a place wager means you collect winnings if your horse is either the first or the second to finish the race.
  • Combination Bet - This bet covers a set of 2 to 4 horses to win.
  • Straight Bet - This is the most uncomplicated kind of bet. You bet on a single horse and only get to collect winnings if this horse makes it first to the finish line.
  • Show Wager - Putting a show wager means you get to collect if your horse is amongst the first three to cross the finish line.
  • Parlay - This kind of betting can yield huge winnings, but it can be a bit complicated. A parlay is when you make simultaneous bets on multiple races, and all the horses that you have picked must win for you to get to collect on a parlay wager. If one race is either postponed or tied, our parlay consequently lessens; this means, if you had a double parlay, you’ll now get a straight bet, and if you had a triple parlay, you’ll now have a double parlay.
  • Trifecta - A trifecta is a wager placed on a set of 3 horses to reach the finish line in a specific order.
  • Superfecta - A superfecta is a wager placed on a set of 4 horses to reach the finish line in a specific order.
  • Proposition Bet - It is a wager of made at odds under conditions specified in the sports book under ‘Exotic’ wagers and can become very interesting and particular.
  • Pick 6 - This means you have to bet on the victor of 6 consecutive races before a pick of 6’s first race. A number of tracks have carry overs for the pick 6 that go as high as $1,000,000.
  • Pick 6 - This means you have to bet on the victor of 3 consecutive races before a pick of 3’s first race. A number of tracks arrange these in batches.