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At Churchill Downs on May 1, the 147th running of the historic Kentucky Derby will take place.

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This is your Kentucky Derby reference page, examining the history, New York horse betting options, the road to the Derby and handicapping variables for the Fastest Two Minutes in Sports.

The Kentucky Derby, dating back to 1875, assembles 20 of the nation’s top 3-year-old thoroughbreds. It’s also called The Run for the Roses as a nod to the garland of 554 red roses draped over the winner.

This event is the first jewel in racing’s Triple Crown, followed by the Preakness Stakes (May 15) and the Belmont Stakes (June 5).

The Derby is thoroughbred racing’s signature showcase, although its $3 million purse has been eclipsed by some Breeders’ Cup races in the fall. This event has brought the sport a rich national and international audience.

Pre-COVID-19, the Derby routinely packed more than 150,000 fans into Churchill Downs. The all-time record was more than 170,000 in 2015. Those days will return at some point.

In the meantime, the proliferation of mobile betting and media attention keeps the Derby in the limelight.

Best Kentucky Derby betting app in New York

How to bet on the Kentucky Derby in NY

COVID-19 regulations will determine whether New York tracks will allow spectators. If they do, residents can wager at those facilities on Derby Day. They include:

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There’s also the border consideration for New Yorkers living close to New Jersey. Many bettors cross state lines, wager in the Garden State and return home. Some have made the trip on bicycles.

Another option is the TVG horse betting app.

Betting on the Kentucky Derby via TVG

The TVG app offers several features.

Tap “Live” and you can stream both the TVG Networks in HD, handicap and bet all on the same screen. Tap the track and race number to navigate upcoming races on the applicable network.

Other aspects include a complete redesign to put upcoming races and results in one spot. You can now filter by breed or region. Plus, get to the race you want faster with the “Up Next” slider and improved favorite tracks prominence.

On a race page, use the arrows to toggle between races or tap the drop-down, which gives you race condition info. In My Bets, tap the track to go back to the track that wager is on.

A highly functioning app enriches the tracks by enticing players and helps gamblers avoid the frustration of long betting lines that result in the occasional shutout at a live facility.

In many ways, TVG has earned the right to call itself the home of horse racing in the US. Active since 1999 and now the leading online horse betting site in the country, TVG is as regal as the sport of kings itself. Part of the FanDuel Group, which, in turn, is part of the mighty Flutter Entertainment, TVG is reputable and safe.

2021 Kentucky Derby odds and betting favorites

Derby prep races in March and April provide excellent betting insight.

They will determine whether early contenders like Essential Quality and Hot Rod Charlie pan out. Essential Quality won the Breeders’ Cup Juvenile last year, while Hot Rod Charlie was a strong second.

Highly Motivated, Life is Good and Brooklyn Strong also attracted interest during the winter season.

Will they be there on Derby Day? Or will others emerge? The prep races will reveal that.

What are the Derby preps?

The Kentucky Derby has several tiers of qualifying races, with points, to determine the 20-horse field. The following events have the most value, with 100 qualifying points to the winners and 40 points for second place.

Of the last 10 Kentucky Derby winners, nine have finished first or second in one of the prep races. These events have become an excellent reference for sizing up the Kentucky Derby field.

After observing the prep races and picking a Derby horse, what are the betting options?

Common Kentucky Derby bet types

There are a number of common bets when it comes to the Kentucky Derby.

• Win: As it sounds, select the top horse. Odds are reasonable for any winner in this race, given the top competition. The minimum bet is usually $2.
• Place: Choose a horse to finish second or higher. This will pay less than the win bet, but it provides a payout in the first and second slots.
• Show: Bet on a horse to finish third or higher. This pays lower than win or place, but it pays out if your horse finishes first, second or third.
• Exactas: Select the order of the top two finishers. It’s always good to box them. You’d hate to have the right two horses in the wrong order, especially in the Derby, with a 20-horse field.
• Trifectas: Pick the top three finishers in order. Wagered via straight bet, this type of bet is a box of three or more horses, or a partial wheel.
• The Box: A $1 trifecta box with three horses costs $6. Any combination of these three horses in the top three positions becomes a winning ticket.
• The Key: For the same $6, bettors can place a horse in the first spot, followed by three others in the second and third slots. For example, a $1 trifecta key with the “1” over the “2-3-4” means the 1 horse must win and any combo of the 2-3-4 in the next two slots is a winning ticket. For $12, you can take that 1 horse in the first AND second position with the other three horses.
• Superfecta: Pick the top four horses in the correct order. Same combinations as can be used for trifectas. The superfecta is often lucrative, but extremely hard to hit. The $1 Derby superfecta last year paid $7,925.80.

Other bets include Pick 3, Pick 4, Pick 5 and Pick 6. These involve bettors picking the winner in three, four, five and six straight races, respectively. If you make only one selection for each race, these bets can be entered for small amounts, such as $0.50 or $2.

Seasoned players will try to expand the ticket, taking multiple entries in most of the races. The key to this strategy is finding at least one race to have a “single.” That means you make just one selection in that race.

How to handicap the Derby

Combine the recent history of the race structure and modern technology. This has resulted in favorites usually winning the Derby or running very well.

A few years back, racing officials began disregarding sprint races in the qualifiers. That means Derby horses have to prove themselves at a distance.

For the Derby, this format eliminates the “speed” horses who set a blistering early pace and occasionally drew other horses into what’s known as a “speed duel.” This weakened the frontrunners and set up other horses, usually longshots, to rally from far back and win down the stretch. No more.

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Now, the eventual race winner is usually close to the lead early on, and times are slower than in the past. Favorites now run well in the Derby. Recent winners (and pre-race odds) include:

• 2014: California Chrome (5-2)
• 2015: American Pharoah (5-2)
• 2016: Nyquist (2-1)
• 2017: Always Dreaming (9-2)
• 2018: Justify (5-2)
• 2019: Maximum Security (9-2); Country House (65-1) was later awarded the victory
• 2020: Tiz the Law (3-5) was nipped in a thrilling stretch duel with Authentic (8-1)

Handicapping tips

First off, respect recent history. The Florida Derby has been on a roll regarding Kentucky Derby winners. Consider that three of the last five Florida Derby champions went on to capture the Derby.

There is no acknowledged reason for Florida Derby horses converting so well to Kentucky Derby form. One possible explanation, however, is the five-week time between races, which may be ideal for some horses. In any case, this is a worthy handicapping variable.

Second, watch the prep races. You don’t even have to do this live. Simply watch a replay on YouTube. You want to evaluate the running style of the winning horse. Was he near the lead early or did he move late? Did he have an easy trip around the track or did he have to weave through a wall of horses to get top position? There is no prep race that exactly matches the 1¼-mile Kentucky Derby. It may be asking a lot from a horse that was fading at the end of a 1 1/8-mile race to improve at a longer distance.

Next, obtain a daily racing form, usually available online. This details a horse’s full history and may reveal matchups against other Derby participants.

Watching the early races on Derby day could also pay dividends. How is Churchill Downs playing that day? Are the frontrunners winning or are the winners coming from off the pace? Is there an edge on the inside, the middle or the outside of the track?

Beware the conditions. If there is a sudden downpour or rain throughout the day, all handicapping angles may become moot. Check the weather throughout the week.

Lastly, don’t put everything on one horse. The Derby is famous for horses being trapped in logjams and never finding racing room. Have a backup ticket in case your favorite horse gets what’s known in the industry as a “bad trip.”

Kentucky Derby highlights

Legendary Secretariat set the Derby record in 1973 with a time of 1:59.40. Secretariat had the all-time Triple Crown run in 1973, establishing records in the Derby, the Preakness (1:53) and Belmont Stakes (2:24) that still stand nearly 50 years later.

The biggest Kentucky Derby longshot win came in 1913, when Donerail paid out at 91-1 odds.

The highest attendance ever was in 2015, with 170,513 people.

Thirteen horses have gone on from the Kentucky Derby to win the Triple Crown. They are:

The last two Triple Crown champions have been led by Hall of Fame trainer Bob Baffert. He is tied with Ben Jones for most Derby wins (six) and will likely have horses entered again this year.

How New Yorkers Can Bet In New Jersey

As New York has not authorized legal online sports betting yet, those residents looking to capitalize on mobile wagering must travel outside state lines.

For most in New York, nearby New Jersey stands as the best option. With over a dozen online sports betting apps, the Garden State certainly has plenty of options.

While all actual betting via NJ betting apps must occur while physically in New Jersey, New Yorkers can download the sportsbook app, sign up and deposit/withdraw funds from the comfort of their own homes.

Remote Registration

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Part of the beauty of online sports betting in New Jersey is the ease of signing up and funding accounts without actually needing to be in the state.

Via desktop or mobile devices, powered by both iOS and Android, users who are at least 21 years old can create online sports betting accounts with their desired operator.

Sportsbooks require some personal information to verify identity and eligibility to enjoy NJ sports betting. But all of this grunt work can then be done from your New York home:

• Date of birth
• Email address
• Legal name
• Mailing address
• Last four digits of Social Security number

All that’s left is funding accounts, which can be accomplished using a variety of payment methods and, again, from home. Most sportsbooks accept the following forms of payment:

• PayPal
• Credit/debit card
• Bank transfer
• Play+ prepaid card
• Wire
• E-check/ACH

Geolocation and how it works

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All actual betting must take place in New Jersey. To help enforce this, online sportsbooks have utilized geolocation technology.

Such tech combines IP and Wi-Fi data, allowing sportsbooks to pinpoint exactly where you are located. If geolocation runs into any hiccups, it will not allow users to move forward with their bet placements.

So, in order to get that wager in, users need to make sure they are within New Jersey state lines and are allowing the betting apps to locate them.