Horse betting is regulated differently than sports betting and it is available in a lot more states than sportsbooks. Twinspires, which is Churchill Downs’ official betting app, is a great option for getting in on the action. It’s possible to bet from the comfort of your house instead of going to a sportsbook or off-track betting parlor. Here are some basic things to know about betting on the “Most exciting two minutes in sports.” Look out for more in-depth betting strategies for the Kentucky Derby later this week. A $2 bet on Country House in 2019 (who moved up via disqualification in one of the more shocking runnings of the Kentucky Derby) would’ve netted the winner $132.40. There’s good value to be had due to many horses in the race, combined with the sheer volume of money in the betting pools. Some might bet on a horse simply because they like the color, and others might pick one with their favorite name. The Derby draws fans from all ranges of experience. The Kentucky Derby might feel like an intimidating event to start becoming a racing expert, but it’s actually one of the best days a beginner can join.