It’s a great time of year to be a sports fan. The NHL and NBA playoffs are well underway. Baseball is in full swing. And this weekend we get to bet on the Kentucky Derby which always adds a little flair and excitement to a mid-spring weekend.
Of course, one of the main attractions with the Kentucky Derby is betting on the horses. Residents of California might not be allowed to bet on sports, but they can bet on horse racing. New users who sign up for FanDuel Racing in CA can take advantage of a lucrative welcome offer that can be worth up to $500.
How to claim a sign-up offer from FanDuel Racing
Brand new users signing up for a FanDuel Racing account in California have the opportunity to claim a stress-free first bet worth up to $500.
Simply register for a new account and place your debut bet on the Kentucky Derby. If your bet triumphs, congratulations! You’ve had the opportunity to make your bet with less pressure and worry. You’re now free to withdraw your winnings.
However, if your bet doesn’t go as planned, FanDuel will compensate you with bonus bets equivalent to your initial stake, up to $500. For example, if your first bet was $100, you’ll receive a $100 bonus bet if your bet is unsuccessful. These bonus bets expire within seven days of issuance and must be wagered at least once before they can be withdrawn.
Can I bet on the Kentucky Derby in California?
In California betting on the Kentucky Derby is legal a fact that may confuse some individuals given that sports betting remains illegal in the state. What distinguishes the legality of horse racing betting in CA?
Essentially, it boils down to how the odds are determined and regulated.
Horse racing operates on a system of pari-mutuel betting. This means that the odds are not fixed by a bookmaker or sportsbook, but are instead determined by the total amount of bets placed on a particular horse relative to the entire field. This dynamic nature of horse racing odds is why they fluctuate continuously, even as the horses are at the starting gate.
While the track still receives a percentage of the total bets placed, this percentage remains consistent regardless of which horse emerges victorious. It is a predetermined percentage that remains unchanged regardless of the outcome. In theory, this setup implies impartiality, effectively eliminating any concerns regarding unfair practices.
Kentucky Derby odds as of 5/2/2024
What started as a 21 horse race is now down to 20 after Encino was scratched. Here are the positions and early week odds for the horses in the Kentucky Derby:
- Dornoch, 20-1
- Sierra Leone, 3-1
- Mystik Dan, 20-1
- Catching Freedom, 8-1
- Catalytic, 30-1
- Just Steel, 20-1
- Honor Marie, 20-1
- Just a Touch, 10-1
- Encino, Scratched
- T O Password, 30-1
- Forever Young, 10-1
- Track Phantom, 20-1
- West Saratoga, 50-1
- Endlessly, 30-1
- Domestic Product, 30-1
- Grand Mo the First, 50-1
- Fierceness, 5-2
- Stronghold, 20-1
- Resilience, 20-1
- Society Man, 50-1
- Epic Ride, 50-1
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