The Kentucky Derby is the highest-profile horse race in the United States and the second most bet-on sporting event in North America every year, behind only the Super Bowl.
Even here in Canada the race gets significant media attention, and many people who don’t normally bet on sports look to get some action on the Derby. This page is a simple guide for Canadians who want to place a Kentucky Derby wager online, including where to bet, a look at the 2026 odds, and a step-by-step guide to placing your bets.
Bet365 is our top-rated sportsbook for Canadians looking to bet on the Kentucky Derby.
For bettors outside Ontario, Bet365.com offers fixed-odds wagering on the Kentucky Derby winner, as well as each-way betting and a full range of horse racing markets. Fixed odds mean you lock in your price at the moment you place your bet, with no fluctuation from the pari-mutuel pool.
For Ontario bettors, Bet365.ca is the only regulated Ontario sportsbook offering Kentucky Derby betting, thanks to their partnership with Woodbine Entertainment. Bets placed in Ontario are routed through Woodbine’s pari-mutuel tote system (the same system used at the racetrack) and processed under Woodbine’s federal pari-mutuel licence. You’ll see a note in the horse racing section indicating it’s “Operated by Woodbine Entertainment Group,” which means your wagers are fully legal and regulated. No other Ontario-regulated sportsbook app currently offers Kentucky Derby betting.
Across Canada, Bet365 offers the full range of horse racing bet types for the Derby including win, place, show, exacta, trifecta, and more, plus live streaming of the race directly in the app.
2026 Kentucky Derby Odds
The 2026 Kentucky Derby goes on Saturday, May 2 at Churchill Downs, with post time set for 6:57pm ET. Here’s a screenshot of the latest 2026 Kentucky Derby odds from Bet365. These odds will shift right up until post time, so head to Bet365 and select Horse Racing for the live lines.
**Select ‘Kentucky Derby’ under the ‘International’ drop down menu on the Horse Racing page to find the current Derby odds. Screenshot below is from April 24th, 2026.
Renegade is the 2026 favourite. He’s won both of his 3-year-old starts, including the Sam F. Davis at Tampa Bay Downs and the G1 Arkansas Derby. Commandment, won the Florida Derby and enters as one of the most points-loaded horses on the Road to the Derby. Further Ado is a serious win contender after winning the Blue Grass Stakes by 11 lengths. This is a wide-open race and a genuine betting year.
The Kentucky Derby is a fascinating race to bet precisely because information is limited. Most of these three-year-olds have only run a handful of races and many haven’t faced each other yet. The unknowns are what make it so much fun, and why longshots hit more often here than almost anywhere else in sport.
How to Bet on the Kentucky Derby From Canada – 3 Step Guide
Follow these three steps to place your Kentucky Derby bets online in minutes.
Head to Bet365 via the link above, click ‘Join’ and complete the registration form. The process takes just a few minutes.
Step 2. Deposit
Bet365 accepts Interac (recommended for Canadians), Visa, Mastercard, and several other deposit methods. Select ‘Deposit’ after logging in, choose your method, enter your amount, and follow the prompts to fund your account.
Step 3. Place Your Kentucky Derby Bets
Fixed Winner and Each-Way Bets
To place a bet on the Kentucky Derby winner at Fixed odds navigate to the ‘Futures’ section of the Horse Racing page and select ‘Kentucky Derby’ under the ‘International’ drop down menu.
Select the odds of the horse you want to bet on, enter your risk amount on the Bet Slip, and click ‘Place Bet’ to lock in your wager.
Parimutuel Betting
Closer to race day you will also find the Kentucky Derby as race #12 with a 6:57pm ET post time in the ‘Markets’ section of the Horse Racing page.
Select the horse you want to back, choose your bet type (Win, Place, or Show), enter your stake on the Bet Slip, and click ‘Place Bet’ to lock in your wager.
Bet365’s horse racing section also offers the full range of exotic wagers, including exacta, trifecta, superfecta, Daily Double, and more. Select your wager type from the race card, enter your selections, and confirm on the Bet Slip.
