LOUISVILLE, Ky. — The 149th Run for the Roses set new betting records, even with the smaller 18-horse field and the absence of the early favorite, Forte.

What You Need To Know

  • Churchill Downs reported a record $188.7 million wagering on the 149th Kentucky Derby

  • Conventional wisdom in racing is that more horses leads to increased interests in betting

  • This year's Derby had a field of 18 horses after five horses were scratched in the lead up to the race, including the morning line favorite 

  • Churchill Downs also reported a record $74.9 million wagered on Oaks Day

According to Churchill Downs, wagering from all sources on the Kentucky Derby totaled $188.7 million, exceeding the $179 million bet last year.

In a wide-open field, the 15-1 Mage surged past Two Phil’s in the final furlong to win this year’s Derby. Wagers paid out $32.42 on a $2 bet to win, $14.58 to place and $9.08 on the horse. Two Phil’s, the Jeff Ruby Steaks winner, paid $10.44 and $6.52. Angel of Empire, the 4-1 post-time favorite, finished third with a late charge and paid $4.70.

On the day, wagering on the 14 races for Derby Day also set a record with $288.7 million bet, breaking the former high-water mark of $273.8 million set last year.

According to BetKentucky.com, the conventional wisdom is that more horses in races lead to increased betting interest. Derby 149 broke that wisdom after five horses were scratched from the race, including early favorite Forte, who had 3-1 odds. The Todd Pletcher-trained colt was deemed ineligible Saturday morning by veterinarians, who diagnosed the horse with a bruised foot.

Churchill Downs also reported a record $74.9 million wagered on Oaks Day.

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