Wow! That is a loaded question. I just watched a Kentucky Derby Special on ESPN and you can literally make a case for every horse in this race. Randy Moss (the horse racing expert not the WR for New England) said it best -- "This is the most difficult race in the sport to handicap".
I would recommend going to
www.kentuckyderby.com. There you can watch all of the horses in their respective prep races. There really is not a perfect answer to your question (if there was I'd be a millionaire). Watch the race videos and trust your instincts. If you like the way a horse battled back in the stretch or pulled away at the wire, then pick that horse. If you like the way the horse looks or the name, those are just as good of a reason to bet him (or her -- I do like the Filly Eight Bells).
In the end, have fun and don't bet more than you can loose. Remember, most people loose -- but the rush from a win is unbelievable.
As for where to bet...I don't know where you live so that is tough for me to say. If you live in Omaha, NE I can tell you. Usually the local horse track or dog track will accept bets for the Derby, even if they aren't currently running there. OTB (Off Track Betting) parlors are also available in many states. If all else fails, you can open an account at youbet.com and bet horse racing from your home computer.
Welcome to the wonderful experience of horse racing :wave::grin:
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