That isn’t the only value you can find on the Derby this year as there are loads of contenders worth punting on at sportsbook odds.  Below you will find a few of the current odds to win the 135th Kentucky Derby as they stand in the sportsbook, but these odds won’t last forever and every day we get closer to the gun shot these odds will be moving down.

Odds to Win the 135th Kentucky Derby:

I Want Revenge +320

Dunkirk +380

Quality Road +400

Friesan Fire +560

Pioneer of the Nile +680

Papa Clem +1200

Desert Party +1400

Terrain +2100

Chocolate Candy +1400

Musket Man +2100

Giant Oak +4200

Analysis:  As always you are getting very inflated odds in the sportsbook and the biggest risk is that your horse doesn’t qualify, but if you have the foresight to pick the winner then the pay off is absolutely sweet!  The best strategy is to spread the money around.  I would put a bulk of your bank roll on the favorites, I Want Revenge and Quality Road, but don’t forget about some big payoffs on Giant Oak where $10 will get you $420 or Chocolate Candy +1400 with $50 winning you $700.  Come race day you definitely have to get your boxed trifecta down on paper and the smart move would be to box the top three favorites, but should you mix it up with a long shot you can definitely cash in.  Keep checking the odds in the sportsbook as they will be fluctuating throughout the week as more and more contenders are scratched if they don’t qualify.  By the way you can bet on the odds of a Triple Crown winner this year with the Odds curently at Yes +700 and No -1200 as well as more prop bets to follow as race day draws near… 

***UPDATED: April 28th 2009

With the field slowly being whittled down, the odds on favorite, I Want Revenge is still listed at a whopping +320 (risk $100 to win $320).  Early contenders, Quality Road and Terrain have either been withdrawn or did not meet the qualifying times so with the favorites odds unchanged it is a golden opportunity to get a big payout in the sportsbook.  Also, come race day its going to be alot easier to put those trifecta boxed ponies together, don’t be afriad to mix up the favorites with some long shots for LONG $$$…  In addition to offering huge sportsbook odds on the big race, you can sleep well at night knowing that GamblersPalace is offering a 10% rebate on net losses every week for ALL horse betting so should you crap out on this leg of the Triple Crown you will have a little waiting for you for the Preakness and a chance to get back to even.  

Click here for Live Odds to Win the 135th Kentucky Derby

Click here for Live Odds to Win the 2009 Preakness

Click here for Live Odds to Win the 2009 Belmont Stakes 

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135th Kentucky Derby Betting Odds

This year the field is even more difficult to predict than usual, the odds do not list any horse as a standout favorite but if you have to name a favorite just for shiggles then its a coin flip between Big Brown and Colonel John, with Pyro in close 3rd.  Colonel John is already in Louisville and his practice runs are making the so called experts get their futures money in quick as the dirt track does not seem to be a problem for the turf runner.  Big Brown should be at the top of your list based on past performance but we all know that history is merely that up to the sound of the gun and opening of the gates.  Tradionally the top 3 favorite horses should be in an automatic Boxed Trifecta on your list of bets, but then it is always wise to throw down some W/P/S on a couple long shots.  If your a little fuzzy on all the horse betting terminology then have no fear as Gamblers Palace is pleased to offer a virtual dictionary of betting terms so that you can make the most informed wager.  As of right now futures odds to win the Kentucky Derby are being offered in the sports book live odds section, once we get to race day and all the qualifying is over and positions are announced then every type of bet will be offered in the Horsebook.  Also don’t be afraid to get a little crazy because even if you get hosed and none of your ponies come in Gamblers Palace is going to give you back 8% of all your loses through their patented Horse Rebate Program.  Heres a list of the top 10 horses with their odds to win the Derby as of this moment:
Big Brown +225
Colonel John +400
Pyro +500
Court Vision +1600
Denis of Cork +1600
Monba +1600
Z Fortune +1600
Gayego +1600
Adriano +1700
Tale of Ekati +1800

Gamblers Palace will also be offering Prop bets on the Derby, heres just a few to perk your intrest:

Number of the Kentucky Derby Winner
Odd Number -115
Even Number -115

Starting Gate Position of Kentucky Derby Winner
Gates 1-5  -110
Gates 6-10 +125
Gates 11-15 +270
Gates 16-20 +270

Winning Time of Kentucky Derby Winner
Under 2.01.30 +115
Over 2.01.30 -165 

As for my picks its really hard to decide, and theres a couple reasons why, 1 the qualifyers are still going all week and that long shot might not make it, and 2 all odds are dictated by the paramutual which will be changing about every 5 seconds.  So I’ll make it easy for you: Boxed Trifecta of the top 3 favorites, W/P/S on the absolute favorite and then about 5 bets to of $2 to win on the each of the last 5 long shots out of the 10 that qualify.

So that being said, get your Mint Julip ready and your obsenely ugly hats out and enjoy the race, this year should promise to be one hell of a race.

Click here for Live Kentucky Derby Odds

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2008 Kentucky Derby Betting Odds and Pick