Here, we'll follow all of the Derby action in our live blog, from odds movement throughout the day to weather updates and early race results until we finally reach the 6:57 p.m. post time and the race begins for the most coveted trophy in horse racing (and their share of a $5 million purse ).

Horse racing is one of the most unpredictable sports to bet on, which makes tentpole events like the Kentucky Derby fascinating for seasoned bettors on the sport and casuals who only tune in once a year alike.