Tim Doyle reveals his 2025 Kentucky Derby betting guide and 2025 Kentucky Derby betting strategy for Churchill Downs. Post time is 6:57 p.m. ET.

Gray horses: Gray horses look different, so they generate some excitement from people who might not care about a horse’s pedigree or speed rating. No gray horse has won the Kentucky Derby since 2005. There are three grays running this year: Sandman, Final Gambit, and Chunk of Gold.

This year’s race is shaping up to be a bettor’s dream, especially if you’re willing to discount morning-line favorite Journalism.