Horse racing isn't as straightforward as most sports betting. Patrick Everson breaks down how the gambling action took shape at the Kentucky Derby and the aftermath.

The Kentucky Derby offers one of the most unique betting opportunities in the sport. One reason: The race is 1¼ miles long and has up to 20 horses in the field. Because all of the horses are 3 years old,

The favorite, Journalism, is a popular choice after winning the Santa Anita Derby, and he is widely viewed as the best horse in the race. But the last four editions of the Kentucky Derby all saw a longshot win, including Mystik Dan at 18-to-1 in 2024.