KYIV (Reuters) – Kentucky Derby betting lines were set for the biggest bet since the 2016 race, with a total of $6.7 billion at the start of the weekend, and more than $1 billion at a time.
The odds of Kentucky Derby winner Conor Dwyer winning the title at 2-2 are now up to 90 percent, and the stakes have risen sharply in the past 24 hours, with some betting lines being priced as high as $10 billion.
The most recent Derby betting line, which has a value of about $10.3 billion, was set on Thursday, with bets on the winner at $4.3 trillion.
The Derby has a $500 million purse on the line, and a $300 million pot for the purse at $200 million.
The betting lines have also risen in recent days.
Betting firm Betfair on Thursday said the odds of winning the Kentucky race are about 80 percent.
The race will be broadcast on ESPN2 from Kentucky’s Churchill Downs.