How To Bet On 2024 Kentucky Derby in Canada

By Horse Racing

It’s Derby Day! 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 this evening (Saturday, May 4th, 2024).

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 2024 Kentucky Derby in Canada – 3 Steps

#1. Open an Online Betting Account

The first thing you will have to do is open an online betting account.  I recommend, our top rated sportsbooks for Canadians, for betting on the Derby this year.

They have the full plethora of horse race betting options available for the Kentucky Derby (win/place/show, exacta, trifecta, etc) in their Racebook.

BetOnline is an offshore betting site that has served the North American market for the past 25+ years. BetOnline is committed to serving the Canadian betting market for years to come.

Click here to open an account with

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#2. Deposit

After logging into your BetOnline account click the ‘Deposit’ button, enter your deposit amount, and follow the instructions for your deposit method of choice to fund your account.

BetOnline accepts deposits through Visa, MasterCard, American Express, Interac e-Transfer, Bitcoin, Ethereum, and more.

#3. Place Your Kentucky Derby Wagers

Now it’s time to place your Derby bets! You can bet on the Kentucky Derby in the sportsbook (winner and matchups) or in the racebook (full variety of horse racing betting options).

Sportsbook Betting (Fixed Odds Bet On Winner)

Select ‘Sports’ from the top navigation bar at Open the ‘Horse Racing’ drop down menu in the left sidebar and select ‘Horses Daily’ -> ‘Churchill Downs’. This will bring up the odds for the Derby winner.

Select the odds of the horse you want to bet on and enter your Risk amount on the Bet Slip. If you’re happy with the risk and potential winnings, click ‘Place Bet’ to make the wager.

**You also have the option to place a head to head matchup and Derby prop bets in the Sportsbook. These can be found by selecting ‘Kentucky Derby Matchups’ under the ‘Horse Matchups’ menu or ‘Kentucky Derby Props’ under the ‘Horse Props’ menu.

Here’s a screenshot of the odds for the Kentucky Derby winner in the sportsbook (odds from the morning of race day – May 4th):

Racebook Betting (Parimutuel Betting System)

Select ‘Racebook’ from the top navigation bar at, open the ‘US Thoroughbred’ drop down menu and select ‘Churchill Downs’.  Next you should click race #12 (post time of 6:57pm) for the Kentucky Derby.

**You can also select ‘2024 Kentucky Derby at Churchill Downs’ from the Featured Races section to quickly navigate to the race.

Here’s a screenshot showing the clicks to place a bet on Sierra Leone ‘To Win’ as an example:

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’ or ‘Pick 3’ 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…

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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