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Betting on the Kentucky Derby? Read these 8 tips before placing any wagers.

Attention all horse-racing fans — or those who just like to sip on a mint julep: It’s Kentucky Derby time again.

This year’s race at Louisville’s Churchill Downs — the 149 in the history of the annual event — is set for Saturday, May 6, with a post time of 6:57 p.m. Eastern time. The event will be aired or streamed live by Comcast-owned CMCSA NBC, Peacock, NBCSports.com and the NBC Sports App.

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