The Kentucky Derby is the second largest annual betting event in North America, next to only the Super Bowl. This year the Kentucky Derby is once again taking place on it’s traditional day on the first Saturday in May, which will be May 7th, 2022.
The Kentucky Derby is always very exciting and heavily bet on and I’m expecting this year to be no different. I’ve added this How To Guide for betting on the Kentucky Derby in Canada because it’s always a popular event and betting on horses is slightly different than betting on regular sports, so I wanted to outline that for new horse racing bettors in Canada.
The Kentucky Derby truly is the most exciting two minutes in sports. If you haven’t placed a Kentucky Derby bet in the past you’re in for a treat watching your horse run for the roses! Just try to stay seated if your pony is in contention coming down the stretch.
Bet On 2022 Kentucky Derby in Canada – Step By Step Guide
#1. Open an Online Betting Account
The first thing you will have to do is open an online betting account. I recommend SportsInteraction.com, our top rated sportsbook for Canadians, for betting on the Derby this year. They are offering a quality first deposit bonus for new sign ups (click here to see the terms) and they have a state of the art Racebook that is very easy for new bettors to understand. Here’s a full review.
Click here to open an account with SportsInteraction.com.
- Licensed and regulated in Canada
- Easy deposits & withdrawals including Interac
- Competitive betting lines
See Website For Details
Next up you’ll have to add some funds to your account. I have detailed pages for all of the deposit options offered at Sports Interaction on our deposit options page.
After logging into you SIA account click the ‘Deposit’ button, enter your deposit amount, and follow the instructions for your deposit method of choice to fund your account.
#3. Place Your Kentucky Derby Wagers
Now it’s time to place your Derby bets! First I’ll outline how you can bet on the Derby this week, leading up to the race.
Before Race Day
In the SportsInteraction.com Sportsbook there is a ‘Horse Racing’ tab which you can click, followed by ‘Kentucky Derby’. This will bring up the Kentucky Derby Outright winner odds. These odds are normal sports betting odds (not parimutuel betting odds) so when you place your wager your bet is locked in at those odds. There is also an each-way betting option which allows you to bet on whether the horse will finish in the top 3. You can learn more about each-way bets on our dedicated page here.
On Race Day
On race day (and a few days before) you should go to the Sports Interaction Racebook page. You can find this page by clicking on ‘Racebook’ from the top navigation bar at SportsInteraction.com. Next you should click ‘Churchill Downs’ from the ‘USA Thoroughbred’ drop down menu. Select the race with a post time of 6:57pm EST on May 07. You can also find ‘Kentucky Derby’ under the ‘Featured Races’ tab.
The odds you see on the Racebook page can change because the bets are taken under the parimutuel betting system, which means the odds change depending on who bets on which horses after you as well. Learn all about parimutuel betting here.
You will also see that you have the option to place ‘Win, Place or Show‘ bets, as well as exotic bets such as ‘Exacta’, ‘Trifecta’, ‘Superfecta’, ‘Daily Double’, ‘Pick 3’ or ‘Pick 6’ at the Racebook. I explain most of these different horse racing bets on the horse racing betting page, so check that out if you’re new to betting on the sport.
Are you ready to bet? Click here to head to SportsInteraction.com…
I hope this page gives you the confidence to know how to get your Kentucky Derby bets in online this year. To learn more about the race as a whole check out our Derby info page.
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