LOS ANGELES (CBSLA.com) — The 2016 Kentucky Derby will be held on Saturday at Churchill Downs at 3:43 pm PT.
Last year, American Pharoah won the Derby before going on to win the Triple Crown.READ MORE: Locations For Free Flu Shots Throughout LA
For those who are unclear on what these odds mean, here’s a simple explanation.
Nyquist, the favorite, has the “best” odds at 3-1. This means that if you were to wager one dollar, if Nyquist were to win, you would win three dollars (plus your original $1 bet back).
The same goes for the underdogs, Trojan Nation, Oscar Nominated, and Laoban, if you were to wager one dollar on them, you would win $50 (plus your original $1 bet) if they won the race.
As of 2:30 pm PT on May 6th, a total of $694,679.000 has been wagered on the Derby so far.
Here are the betting odds for this year’s Kentucky Derby field (Note: the odds change often, click here for the updated live odds) :
Nyquist (Favorite): 3-1
Gun Runner: 10-1
Brody’s Cause: 12-1
Mor Spirit: 12-1
Destin: 15-1READ MORE: Salami Product Sold At Trader Joe's Investigated In Salmonella Outbreak
Danzing Candy: 15-1
Mo Tom: 20-1
My Man Sam: 20-1
Cherry Wine: 30-1* (Scratched)
Tom’s Ready: 30-1
Trojan Nation: 50-1
Oscar Nominated: 50-1
Laoban: 50-1* (Scratched)
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*** Additional note: Victor Espinosa, the jockey who has ridden the previous 2 Kentucky Derby winners, will be aboard Whitmore (20-1) this year.