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71-512: The Kentucky Derby ( / ˈ d ɜːr b i / ) is an American Grade I stakes race run at Churchill Downs in Louisville, Kentucky . The race is run by three-year-old Thoroughbreds at a distance of 1 + 1 ⁄ 4 miles (10 furlongs; 2,012 metres). Colts and geldings carry 126 pounds (57 kilograms) and fillies 121 pounds (55 kilograms). Held annually on the first Saturday in May,

142-743: A filly . † Designates a horse that won American Horse of the Year in the same year they won the Derby. ‡ Designates a horse that was inducted in subsequent years into the National Racing Hall of Fame . Winners of the Kentucky Derby can be connected to each other due to the practice of arranging horse breeding based on their previous success. All of the horses can be traced back to the three foundational sires, with Godolphin Arabian

213-441: A Canadian or Super Yankee trying to pick five; these also include subsidiary bets. There are also other bets which are large combinations of singles, doubles, trebles and accumulators some of them are called Lucky 15, Lucky 31, Heinz, Super Heinz, Goliath. The term nap identifies the best bet of the day. Tote Ireland operates the following pools Bet types for harness racing (trotting): The Hong Kong Jockey Club (HKJC) operates

284-444: A bet involving two or more races. For example, a 1-all daily double wheel bets the 1-horse in the first race with every horse in the second. People making straight bets commonly employ the strategy of an "each way" bet. Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets. The Canadian and American equivalent

355-663: A corporate sponsorship deal to call the race "The Kentucky Derby presented by Yum! Brands." In 2018, Woodford Reserve replaced Yum! Brands as the presenting sponsor. In addition to the race itself, several traditions play a significant role in the Derby atmosphere. The mint julep —an iced drink consisting of bourbon , mint , and sugar syrup—is the traditional beverage of the race. The historic beverage comes served in an ice-frosted silver julep cup. However, most Churchill Downs patrons sip theirs from souvenir glasses (first offered in 1939 and available in revised form each year since) printed with all previous Derby winners. Also, burgoo ,

426-500: A crowd of 158,070 watched Always Dreaming win the Derby, making it the seventh biggest attendance in the history of the racetrack. The track reported a wagering total of $ 209.2 million from all the sources on all the races on the Kentucky Derby Day program. It was a 9 percent increase compared to the total of $ 192.6 million in 2016 and an increase of 8 percent over the previous record set in 2015 of $ 194.3 million. TwinSpires,

497-693: A group of racing enthusiasts had formed the French Jockey Club in 1863. They had organized the Grand Prix de Paris at Longchamp , which at the time was the greatest race in France. Returning home to Kentucky, Clark organized the Louisville Jockey Club to raise money for building quality racing facilities just outside the city. The track would soon become known as Churchill Downs , named for John and Henry Churchill, who provided

568-533: A large area, flying in hundreds of private aircraft to Louisville International Airport . The Derby is frequently referred to as " The Run for the Roses ", because a lush blanket of 554 red roses is awarded to the Kentucky Derby winner each year. New York sports columnist and future Churchill Downs president Bill Corum in 1925 began describing the race thusly, but the tradition originated in 1883 when New York City socialite E. Berry Wall presented roses to ladies at

639-403: A negative breakage may occur—for example, in horse racing when an overwhelming favorite wins (or shows or places). The parimutuel calculation results might call for a very small winning payout (say, $ 1.02 or $ 1.03 on a dollar bet), but legal regulations might require a larger payout (e.g., minimum $ 1.10 on a dollar bet). This condition is sometimes referred to as a minus pool. In an event with

710-565: A platform for betting online and a partner of the Kentucky Derby and the Breeders' Cup, recorded $ 32.8 million in handle on the Churchill Down races for the Kentucky Derby Day program. This record was a 22 percent increase over the preceding year. On the Kentucky Derby race alone, the handle of TwinSpires was $ 20.1 million, which is a 22 percent rise compared to the prior year. The race often draws celebrities. HM Queen Elizabeth II , on

781-464: A post-Derby party. The Churchill Downs founder and president, Col. Meriwether Lewis Clark Jr., attended that event. This gesture is believed to have led Clark to the idea of making the rose the race's official flower. However, it was not until 1896 that any recorded account referred to draping roses on the Derby winner. The Governor of Kentucky and the Chairman of Churchill Downs Incorporated present

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852-418: A protracted legal battle by the owners of Dancer's Image (which they lost). Forward Pass thus became the eighth winner for Calumet Farm . Unexpectedly, the regulations at Kentucky thoroughbred race tracks were changed some years later, allowing horses to run on phenylbutazone . In 1970, Diane Crump became the first female jockey to ride in the Derby, finishing 15th aboard Fathom. The fastest time ever run in

923-416: A racetrack may offer a high purse to attract better fields so the race will be upgraded in future years. The grade level is assigned by looking at data that indicates quality of the field for the last five years. In order to achieve or maintain a Grade I, it is necessary to attract a competitive field over a number of years. For graded turf races, track conditions (normally excessive rain) may sometimes force

994-423: A ranked order. A modified parimutuel system is also used in some lottery games. Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed – in fixed-odds betting, the payout is agreed at the time the bet is sold. Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling

1065-419: A set of n possible single-winner outcomes, with wagers W 1 , W 2 , ..., W n the total pool of money on the event is W T = ∑ i = 1 n W i . {\displaystyle W_{T}=\sum _{i=1}^{n}W_{i}.} After the wagering company deducts a commission rate of r from the pool, the amount remaining to be distributed between

1136-479: A share of the purse; previously only the first four finishers did so. The Kentucky Derby began offering $ 3 million in purse money in 2019. Churchill Downs officials have cited the success of historical race wagering terminals at their Derby City Gaming facility in Louisville as a factor behind the purse increase. The Derby first offered a $ 1 million purse in 1996; it was doubled to $ 2 million in 2005. In 2020,

1207-423: A similar method, leading to the development of the graded stakes system by TOBA in 1973. The first list of North American Graded Stakes was published in 1974. The original purpose of grading was to identify the most competitive races, which helps horsemen make comparisons of the relative quality of bloodstock for breeding and sales purposes. When the race-grading program was being set up for its 1973 introduction by

1278-430: A thick stew of beef, chicken, pork, and vegetables, is a popular Kentucky dish served at the Derby. The infield —a spectator area inside the track—offers general admission prices but little chance of seeing much of the race, particularly before the jumbotron installation in 2014. Instead, revelers show up in the infield to party with abandon. By contrast, "Millionaire's Row" refers to the expensive box seats that attract

1349-609: A visit to the United States, joined the racegoers at Churchill Downs in 2007. The 2004 Kentucky Derby marked the first time that jockeys—as a result of a court order —were allowed to wear corporate advertising logos on their clothing. Norman Adams has been the designer of the Kentucky Derby Logo since 2002. On February 1, 2006, the Louisville-based fast-food company Yum! Brands, Inc. announced

1420-472: Is 8 lengths, a feat tied by four different horses: Old Rosebud in 1914, Johnstown in 1939, Whirlaway in 1941, and Assault in 1946. The highest odds of a winning horse were 91 to 1 for Donerail in 1913. The second-highest odds occurred in 2022, when Rich Strike went off at 80 to 1 and won the race. Three horses have won the Kentucky Derby without competing as a two-year-old: Apollo (1882), Justify (2018), and Mage (2023). 107 jockeys have won

1491-527: Is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator , which calculates and displays bets already made. The parimutuel system is used in gambling on horse racing , greyhound racing , jai alai , and other sporting events of relatively short duration in which participants finish in

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1562-500: Is decided and the winning outcome is determined to be Outcome 4 with $ 110.00 wagered. The payout is now calculated. First the commission or take for the wagering company is deducted from the pool. For example, with a commission rate of 14.25% the calculation is: $ 1028 × 0.1425 = $ 146.49. This leaves a remaining amount of $ 881.51. This remaining amount in the pool is now distributed to those who wagered on Outcome 4: $ 881.51 / $ 110.00 = 8.01 ≈ $ 8 payout for $ 1 wagered. This payout includes

1633-413: Is determined by a set multiple of the outcome, for example $ 60 for a five horse boxed trifecta at one unit ($ 1)—or $ 30 at half unit (50c). If the bet is successful, the bettor will get either the full winning amount shown on the board, or half the winning amount. Under a flexi system the bettor can nominate their desired total wager, and their percentage of payout is determined by this wager's relationship to

1704-448: Is often also offered at " off track " facilities, where players may bet on the events without actually being present to observe them in person. In a hypothetical event that has eight possible outcomes, in a country using a decimal currency such as dollars , each outcome has a certain amount of money wagered: Thus, the total pool of money on the event is $ 1028.00. Following the start of the event, no more wagers are accepted. The event

1775-424: Is the bet across (short for across the board ): the bettor bets equal sums on the horse to win, place, and show. A parlay, accumulator or roll-up consists of a series of bets in which bettors stake the winnings from one race on the next in order until either the bettor loses or the series completes successfully. In Australia, certain exotic bet types can be laid as "flexi" bets. Usually the price of an exotic bet

1846-468: The k winners, those who bet on outcome m will receive a payout of ( W R / k ) / W m for every dollar they bet on it. The parimutuel system was invented by French- Catalan entrepreneur and showman impresario Joseph Oller in 1867. The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator , "automatic totalisator" or "tote board", invented by

1917-633: The Australian engineer George Alfred Julius . The first was installed at Ellerslie Racecourse , Auckland , New Zealand, in 1913, and they came into widespread use at race courses throughout the world. The U.S. introduction was in 1927, which led to the opening of the suburban Arlington Racetrack in Arlington Park , near Chicago, and Sportsman's Park in Cicero, Illinois , in 1932. Unlike many forms of casino gambling, in parimutuel betting

1988-558: The Herod (1758) line) are: The Godolphin Arabian (1724c) sire line produced 7 winners (6 colts, 1 gelding). The main branches of this sire (all branched through the West Australian (1850) line) are: Legend – ₩ = Triple Crown winners, ♥ = Filly Graded stakes race A high grading can also be used by racetracks to promote the race in question. When determining Eclipse Award winners, racing journalists will consider

2059-735: The Preakness Stakes at the Pimlico Race Course , in Baltimore , and the Belmont Stakes in Elmont, New York . The three races offered large purses, and in 1919 , Sir Barton became the first horse to win all three races. However, the term " Triple Crown " did not come into use for another eleven years. In 1930 , when Gallant Fox became the second horse to win all three races, sportswriter Charles Hatton brought

2130-411: The horseshoe , designed to improve traction, be no longer than 2 millimeters. This was in response to studies by Susan Stover showing that such toe grabs substantially increase the risk of catastrophic racing injuries. Recently, racing officials have also banned the use of furosemide (Lasix) in all Black Type races, which include graded and listed stakes races. A newly established race may inherit

2201-461: The $ 1 wagered plus an additional $ 7 profit. Thus, the odds on Outcome 4 are 7-to-1 (or, expressed as decimal odds , 8.01). Prior to the event, betting agencies will often provide an approximate pay-out figure for each given outcome should no more bets be accepted after the current time. Using the wagers and commission rate above (14.25%), an approximates table in decimal odds and fractional odds would be: In real-life examples, such as horse racing ,

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2272-763: The American Thoroughbred Owners and Breeders Association it was done so as to match the data formatting in use by the British system being Grade I, Grade II, Grade III. However, the advent of the Internet meant that format would eventually be mostly abandoned in favor of G1, G2, G3. Used by TOBA itself, and most significantly by Equibase Company LLC that is the official supplier of racing information and statistics to America's Best Racing , Breeders' Cup , Daily Racing Form , NTRA , The Jockey Club , TRA, TVG , and Xpressbet . A notable exception to

2343-435: The Derby in back-to-back years: Herbert J. Thompson (1932–33), Ben Jones (1948–49), Jimmy Jones (1957–58), Lucien Laurin (1972–73), D. Wayne Lukas (1995–96), and Bob Baffert (1997–98). Seventeen owners have won the Kentucky Derby multiple times with horses they fully or partially owned. * Partnered with other entities in an ownership group for one or more winning horses. Jockeys, trainers, and owners competing in

2414-634: The Derby is the first leg of the Triple Crown . It is preceded by the two-week-long Kentucky Derby Festival . The race is known as "The Run for the Roses", as the winning horse is draped in a blanket of roses. Lasting approximately two minutes, the Derby has been alternately called "The Most Exciting Two Minutes in Sports", "The Fastest Two Minutes in Sports", or "The Greatest Two Minutes in Sports", coined by Churchill Downs president Matt Winn . At least two of these descriptions are thought to be derived from

2485-462: The Derby was in 1973 at 1:59.4 minutes, when Secretariat broke the record set by Northern Dancer in 1964 . Also during that race, Secretariat did something unique in Triple Crown races: for each successive quarter run, his times were faster. Although the races do not record times for non-winners, in 1973 Sham finished second, two and a half lengths behind Secretariat in the same race. Using

2556-464: The Derby was postponed from May 2 to September 5 due to the COVID-19 pandemic . This was the second time in history the race had been postponed, the other being in 1945 . Churchill Downs used a new singular 20-stall starting gate for the 2020 Kentucky Derby , replacing the previous arrangement that used a standard 14-stall gate and an auxiliary six-stall gate. The old setup contributed to congestion at

2627-573: The Kentucky Derby and its sibling race, the Kentucky Oaks , have been run every year since inception. They were twice rescheduled within the same year, the first time due to World War II in 1945 , and the second time due to the COVID-19 pandemic in 2020 . The Derby and the Oaks are the oldest major sporting events in the US held annually since their beginning. Among thoroughbred stakes races, they are

2698-418: The Kentucky Derby often will compete in the Kentucky Oaks , a race for fillies held the day before the Derby. Winning both these races in the same year is referred to as an "Oaks/Derby Double;" 7 jockeys, 3 trainers, and 4 owners have accomplished this feat: *Until the 1950s, the Oaks was held several days or weeks after the Derby. Triple Crown winners are in bold and highlighted with gold. # Designates

2769-621: The Kentucky Derby, and the Preakness Stakes last. On May 16, 1925, the first live radio broadcast of the Kentucky Derby aired on WHAS as well as on WGN in Chicago. On May 7, 1949, the first television coverage of the Kentucky Derby took place, produced by WAVE-TV , the NBC affiliate in Louisville. This coverage was aired live in the Louisville market and sent to NBC as a kinescope newsreel recording for national broadcast. On May 3, 1952,

2840-516: The Kentucky Derby, with 27 doing so multiple times. Isaac Murphy (1890–91), Jimmy Winkfield (1901–02), Ron Turcotte (1972–73), Eddie Delahoussaye (1982–83), Calvin Borel (2009–10), and Victor Espinoza (2014–15) are the only jockeys to win the Derby in back-to-back years. Borel is the only jockey with three wins in a four-year span (2007, '09, '10). 116 trainers have won the Kentucky Derby, with 19 doing so multiple times. Six trainers have won

2911-541: The United States and Canada, a graded race can be dormant for one year without losing its grade. The following races have been downgraded from Grade I status since 2010: The Donn Handicap was discontinued after its 2016 edition; its Grade I status was transferred to the Pegasus World Cup , which held its first edition in 2017 The following races have been upgraded to Grade I status since 2010: Parimutuel betting Parimutuel betting or pool betting

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2982-580: The ancestor of 7 winners, Byerley Turk the ancestor of 11 winners, and Darley Arabian the ancestor of 132 winners, including all winners since 1938. The Darley Arabian (1700c) sire line (all branched through the Eclipse (1764) line) produced 132 Derby winners (124 colts, 5 geldings, 3 fillies), including all winners from 1938 to present. The main branches of this sire line are: The Byerley Turk (1680c) sire line produced 11 winners (8 colts, 3 geldings). The main branches of this sire (all branched through

3053-542: The bettor. They may reduce their take from 15–18% to as little as 1–2%, while still generating a profit by operating with minimal overhead . There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows: In Canada and the United States , the most common types of bet on horse races include: Win, place and show wagers class as straight bets, and

3124-441: The change in format being the three New York Racing Association tracks. Fasig-Tipto began including grading information in 1975, Keeneland Association in 1976, and Daily Racing Form in 1978. In 1998, Canada began to grade Canadian races independently. Listed stakes were first added as a level in 2013. The American Graded Stakes Committee grades only races that: In 2008, the committee began requiring that toe grabs on

3195-458: The first Derby. Under jockey Oliver Lewis , a colt named Aristides , who was trained by future Hall of Famer Ansel Williamson , won the inaugural Derby. Later that year, Lewis rode Aristides to a second-place finish in the Belmont Stakes . Initially a successful venue, the track ran into financial difficulties due to a protracted, gambling-related horseman boycott removing it from the upper echelons of racing that would last until just after

3266-411: The first national television coverage of the Kentucky Derby took place, aired from then- CBS affiliate WHAS-TV . In 1954, the purse exceeded US$ 100,000 for the first time. In 1968, Dancer's Image became the first horse to win the race and then face disqualification. A urine test revealed traces of phenylbutazone (an anti-inflammatory painkiller drug) inside Dancer's Image. Forward Pass won after

3337-527: The following common bet types and pools for horse racing. In Japan , horse racing (競馬, keiba ), velodrome cycling (競輪, keirin ), stock outboard powerboat racing (競艇, Kyōtei ), and paved flat track motorcycle racing (オートレース, Auto Race ) operate the following parimutuel types. Wager must be a multiple of 100 yen except Each-way. The following bet type are offered by the government-controlled betting agency Pari Mutuel Urbain (PMU). Tiercé, Quarté+ and Quinté+ bets are typically only offered on

3408-566: The full unit price. Using a five horse box trifecta, the bettor may wish to lay only $ 20 on the outcome. Their percentage of winnings is now calculated as $ 20/$ 60 = 33.3%. If the bet is successful, the payout will be 33.3% of the winning amount for a full unit bet. In recent times the "Roving Banker" variant for Trifecta and First4 betting is now offered. For a Roving Banker First4 the player selects one, two or three runners they believe will definitely finish 1st, 2nd, 3rd or 4th, and up to three selections as Roving Banker(s) with other runners to fill

3479-482: The gambler bets against other gamblers, not the house, which necessarily implies that the bank cannot be broken . The science of predicting the outcome of a race is called handicapping . Independent off-track bookmakers typically have a smaller take and thus offer better payoffs, but they are illegal in some countries. However, the introduction of Internet gambling led to "rebate shops". These off-shore betting shops promise to return some percentage of every bet made to

3550-541: The garland and the Kentucky Derby Trophy to the winner. Pop vocalist Dan Fogelberg composed the song " Run for the Roses ", released in time for the 1980 running of the race. "Riders Up!" is the traditional command from the Paddock Judge for jockeys to mount their horses in advance of the upcoming race. Since 2012, the grand marshal recites this phrase. Grand marshals In the weeks preceding

3621-492: The graded status of a discontinued race if it is held at the same facility under essentially identical conditions as the discontinued race. For example, the inaugural running of the Pegasus World Cup in January 2017 was Grade I, inheriting the status of the discontinued Donn Handicap . There are four grade levels, from Listed at the bottom to Grade I at the top. The latter are higher-class races for bigger prizes for horses of

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3692-468: The land for the racetrack. The naming went official in 1937. The Kentucky Derby was first run at 1 + 1 ⁄ 2 miles (12 furlongs ; 2.4 km) the same distance as the Epsom Derby , before changing lengths in 1896 to its current 1 + 1 ⁄ 4 miles (10 furlongs; 2 km). On May 17, 1875, in front of an estimated crowd of 10,000 people, a field of 15 three-year-old horses contested

3763-464: The number and grade of a horse's stakes wins during the year. In general, stakes race refers to the stake, or entry fee, owners must pay, which generally forms part of the prize money offered to the top finishers. Not all stakes races are eligible for grading. Notably, races that are restricted to horses bred in a specific state (e.g., the Tiznow Stakes for California-breds) or country (e.g.,

3834-589: The oldest that have been held annually on the same track every year. The Derby is the most-watched and most-attended horse race in the United States. The 2024 Kentucky Derby marked the 150th running of the race. In 1872, Col. Meriwether Lewis Clark Jr. , grandson of William Clark of the Lewis and Clark expedition , traveled to England, visiting Epsom in Surrey where The Derby had been running annually since 1780. From there, Clark went on to Paris, France , where

3905-591: The order of Triple Crown races has been the Kentucky Derby first, followed by the Preakness Stakes and then the Belmont Stakes. Before 1931, eleven times the Preakness was run before the Derby. On May 12, 1917, and again on May 13, 1922, the Preakness and the Derby took place on the same day. On eleven occasions the Belmont Stakes was run before the Preakness Stakes, and in 2020, the Belmont was run first, then

3976-407: The phrase into American usage. Fueled by the media, public interest in the possibility of a "superhorse" that could win the Triple Crown began in the weeks leading up to the Derby. Two years after the term went in use, the race (until that time ran in mid-May since inception) changed the date to the first Saturday in May. This change allows for a specific schedule for the Triple Crown races. Since 1931,

4047-489: The pool size often extends into millions of dollars with many different types of outcomes (winning horses) and complex commission calculations. Sometimes, the amounts paid out are rounded down to a denomination interval—in California , Australia , and British Columbia , 10¢ intervals are used. The rounding loss is known as breakage and is retained by the betting agency as part of the commission. In some situations,

4118-421: The race to be run on the main (dirt) track. If this happens, the race is automatically downgraded by one grade level for that running only. The Committee then reviews the race within five days and may restore the original grade. For example, a Grade I turf race that is switched to the dirt will be recorded as a Grade II race, unless the committee feels the quality of the race was sufficient to warrant Grade I. In

4189-518: The race, numerous activities took place for the Kentucky Derby Festival . Thunder Over Louisville —an airshow and fireworks display—generally begins the festivities in earnest two weeks before the Derby. Secretariat set the record for speed in 1973 with a time of 1:59.4. During its first two decades when the Derby was run at 1 + 1 ⁄ 2 miles, the record was 2:34.5, set by Spokane in 1889. The largest margin of victory

4260-586: The races that make up the Canadian Triple Crown , all restricted to Canadian-breds) are excluded, regardless of the purse or quality of field. Conversely, some races that are not technically stakes races (usually invitational races where entry fees are not required by the racetrack) may be eligible for grading if they meet the quality standards. European authorities implemented the Pattern race system in 1972 and requested that North America implement

4331-510: The remaining place(s). A Roving Banker Trifecta is where the player believes that one or two runners will definitely finish 1st, 2nd or 3rd. The bet can be placed by picking the player's favourite runner to finish in any place within the bet and complete the Trifecta with any number of other runners to fill the other placing(s). The following pools are operated at meetings in mainland Britain: Exotic wagers are usually made on horses running at

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4402-459: The remaining wagers as exotic bets. Bettors usually make multiple wagers on exotic bets. A box consists of a multiple wager in which bettors bet all possible combinations of a group of horses in the same race. A key involves making a multiple wager with a single horse in one race bet in one position with all possible combinations of other selected horses in a single race. A multi-race wheel (cf. wheel, above) consists of betting all horses in one race of

4473-594: The rich, the famous and the well-connected. Women appear in elegant outfits lavishly accessorized with large, elaborate hats. Following the Call to the Post played on bugle by Steve Buttleman, as the horses start to parade before the grandstands, the University of Louisville Cardinal Marching Band plays Stephen Foster 's " My Old Kentucky Home ". This song is a tradition which began in 1921. The event attracts spectators from

4544-477: The same age and sex). Furthermore, there are "conditions" races, in which horses carry weights that are set by conditions, such as having won a certain number of races, or races of a certain value. Finally, some graded stakes are " handicaps ", in which an official handicapper assigns weights to each horse in an attempt to equalize the competition. All Grade I races must have a purse of at least $ 300,000, but not all races with such high purses are Grade I. For example,

4615-402: The same age group (2, 3 or 3 and up) and may further be restricted by sex. The weight conditions of the races may vary provided they meet the committee's standards to ensure competitiveness. Many grade I races are " weight-for-age ", with weights adjusted only according to age and sex, and also there are "set weights" where all horses carry the same weight (usually applicable when all horses are of

4686-576: The same track on the same program. In the United Kingdom , bookmakers also offer exotic wagers on horses at different tracks. Probably the Yankee occurs most commonly: in this the bettor tries to pick the winner of four races. This bet also includes subsidiary wagers on smaller combinations of the chosen horses; for example, if only two of the four horses win, the bettor still collects for their double. A Trixie requires trying to pick three winners, and

4757-439: The start of the race, especially in the gap between the two gates. Rich Strike , a reserve who only made it into the final field after a late scratching, won the race in 2022 at final odds of 80:1 and parimutuel betting payouts were even larger. In January 2024, the purse for the Kentucky Derby was increased to $ 5 million. Millions of people from around the world bet at various live tracks and online sportsbooks. In 2017,

4828-408: The successful bettors is W R = W T (1 − r ) . Those who bet on the successful outcome m will receive a payout of W R / W m for every dollar they bet on it. When there are k possible winners, such as a North American "place" bet which has k = 2 winners, the total amount to be distributed W R is first divided into k equal shares. If m is one of

4899-433: The thoroughbred racing convention of one length equaling one-fifth of a second to calculate Sham 's time, he also finished in under two minutes. Another sub-two-minute finish, only the third, was set in 2001 by Monarchos at 1:59.97, the first year the race used hundredths of seconds instead of fifths in timing. In 2005, the purse distribution for the Derby changed, so that horses finishing fifth would henceforth receive

4970-678: The turn of the 20th century. In 1894 the New Louisville Jockey Club was incorporated with the new capitalization and improved facilities. Despite this, the business floundered until 1902, when a syndicate led by Col. Matt Winn of Louisville acquired the facility. Under Winn, Churchill Downs prospered, and the Kentucky Derby then became the preeminent stakes race for three-year-old thoroughbred horses in North America. Thoroughbred owners began sending their successful Derby horses to compete in two other races. These two are

5041-590: The words of sportswriter Grantland Rice , when in 1935 he said "Those two minutes and a second or so of derby running carry more emotional thrills, per second, than anything sport can show." The race was first run in 1875. Unlike the other, older races of the Triple Crown—the Preakness Stakes and the Belmont Stakes —along with the Travers Stakes (the oldest comparable stakes race in the US),

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