On Saturday, January 25, Gulfstream Park in Hallandale Beach, Florida will play host to the seventh running of the Pegasus World Cup horse race. The race covers 1 â…› miles on the dirt, and some of the best dirt route horses in the world will vie for a purse of $3 million and a place at the top of the handicap division. Pegasus World Cup betting is one of the greatest wagering opportunities of the year, and this is the place to find out who to bet and where to bet them!

Alongside the Pegasus World Cup, Gulfstream will host two other sibling races with the Pegasus name. 2024 will feature the fifth running of the Pegasus World Cup Turf Invitational, a 1 â…›-mile race on the grass with a $1 million purse. And, they will run the second edition of the Pegasus World Cup Filly and Mare Turf, a 1 1/16-mile, $500,000 race that draws top female turf horses for a winter feature.

Pegasus World Cup Future Bets

Before the gates fly open on Saturday afternoon, you can do your handicapping and lock in a future bet at Bovada’s racebook or another of these top-rated online wagering sites.  The first wagering markets typically open for the Pegasus World Cup within a few weeks before the race, so it can be profitable to take a look at top-rated online wagering sites and get ready to place your bet if you find an overlay on a live horse.

Best Racebooks to Bet on the Pegasus World Cup

It is easy to bet on the Pegasus World Cup online. Our recommended racebooks all give you the basics that you need for a great betting experience: market-leading odds, trusted payouts, and a great user experience. They also offer great bonuses for horseplayers betting on the Pegasus World Cup and races throughout the year.

Bovada

Bovada offers an all-around excellent experience for betting on horse racing, sports, casino games, and more. The sign-up bonus is one of the best in the wagering business, and they also offer other lucrative betting promotions throughout the year. With an easy-to-navigate website and top-notch customer service, Bovada is a great choice even if you are new to the world of online betting.

BetUS

A fixture of the online betting world for almost a quarter of a century, BetUS is one of the most trusted names in wagering. They offer both sign-up and reload bonuses to help your build your bankroll even faster as you bet on horse racing and sports. BetUS offers competitive betting lines for a wide range of sports, as well as fixed-odds futures wagering on major horse races all year long, prop bets, and casino wagering.

BetOnline

BetOnline has been a fixture of the online betting scene for two decades. The betting markets include a deep selection of American sports as well as some selected offerings around the world, and they also offer futures wagering on major horse races during the year. They offer a huge range of deposit and withdrawal options, and players enjoy their excellent customer service. BetOnline also offers players a full suite of bankroll-boosting bonuses including deposit and referral incentives.

Las Vegas Odds for the Pegasus World Cup

Odds for the Pegasus World Cup will become available closer to race day, once connections begin to announce that their horses are being targeted for the race. Once those odds come out, we will let you know the prices at the top sportsbooks!

Pegasus World Cup Quick Facts

If you're just getting familiar with the Pegasus World Cup, one of the richest and most exciting new traditions in horse racing, here are some facts to get you up to speed on what the race is and how to watch it.

Venue: Gulfstream Park
Distance: 1 1/8 miles
Surface: Dirt
Date: Saturday, January 25, 2025
Purse: $3 million
Age: 4-year-olds and up
Inaugural Year: 2017
TV Coverage: NBC, Peacock
Major Prep Races: Breeders' Cup Classic, Breeders' Cup Dirt Mile

History of the Pegasus World Cup

The Pegasus World Cup is one of the newest traditions in horse racing. The race was previously known as the Donn Handicap, but in 2017 its name was changed to the Pegasus and the purse was raised. Though owners had to buy in for exorbitant amounts of money to support the purse in its first few years, the purse has still been a rich $3 million offering since 2020, and without the buy-in rule it is open to the best dirt route horses in the country no matter how wealthy their owners are.

Despite its short history, many great horses have already found triumph in the Pegasus.

2017: Arrogate

In 2017, Arrogate became the first Pegasus World Cup winner. Riding high off of impressive victories in the Travers (G1) and the Breeders’ Cup Classic (G1), the Bob Baffert trainee won the first-ever Pegasus World Cup in a procession. Sent off the heavy favorite, he romped by 4 ½ lengths over 19-1 long shot Shaman Ghost and 23-1 Neolithic, paying $3.80 to win.

2018: Gun Runner

After a win in the Breeders’ Cup Classic, Steve Asmussen pointed Gun Runner to a career finale in the 2018 Pegasus World Cup, and it was the coronation everybody hoped for. He stalked the early pace, took over near the three eighths, and gradually went further and further clear, paying $4.20 to win. It was 2 ½ lengths back to West Coast, who finished 10 ¾ lengths ahead of the chasing 13-1 shot Gunnevera.

2019: City of Light

In 2019 City of Light became the first Pegasus World Cup winner to come out of a race other than the Breeders’ Cup Classic. Winner of the 2018 Breeders’ Cup Dirt Mile, the Michael McCarthy trainee pressed the early pace, took command, and romped 5 ¾ lengths clear of 34-1 outsider Seeking the Soul, paying $5.80 to win. 3-2 favorite Accelerate, the Breeders’ Cup Classic winner, ran third.

2020: Mucho Gusto

Mucho Gusto became the first Pegasus World Cup winner not to come out of the Breeders’ Cup. Unraced since a fourth-place finish in the Oklahoma Derby (G3) the previous September, the Bob Baffert trainee was ready for his best effort yet. He led early, settled back to track, and took command in the lane to win by 2 ½ lengths, paying $8.80 to win. 7-1 shot Mr Freeze, who the winner ran down, held second by ¾ length over 15-1 long shot War Story.

2021: Knicks Go

Like City of Light, Knicks Go came into the Pegasus World Cup off of a victory in the Breeders’ Cup Dirt Mile. The Brad Cox trainee left no doubt about his superiority: he broke on top, set the pace, and bounded home to win by 2 ¾ lengths over a hard-trying local, 11-1 shot Jesus’ Team. Knicks Go paid $4.60 to win as the favorite. Independence Hall, a 27-1 surprise, was just a neck further back in third.

2022: Life Is Good

Though Knicks Go tried to become the first two-time Pegasus World Cup winner, the public sided with Breeders’ Cup Dirt Mile winner Life Is Good, and the race unfolded perfectly for him. The Todd Pletcher trainee outsprinted Knicks Go to the top and was never headed, winning by 3 ¼ lengths and paying $3.60 to win. 9-10 second choice Knicks Go finished second, a length clear of 26-1 outsider Stilleto Boy.

2023: Art Collector

Art Collector, owned by Bruce Lunsford, pulled off a 15-1 upset in the $3 million Pegasus World Cup Invitational (G1) at Gulfstream Park, winning by 4 ½ lengths over Defunded. The event headlined a 13-race program, featuring the $2 million Pegasus World Cup Turf Invitational (G1) and the $500,000 TAA Pegasus World Cup Filly & Mare Turf Invitational (G3), along with four other graded stakes. Despite being the favorite, Cyberknife finished sixth in a field of 12 top older horses.

2024: National Treasure

2023 Preakness Stakes winner National Treasure proved himself at the top level again in the first race of his four-year-old season, holding by a neck over a stoutly closing Senor Buscador. The Bob Baffert trainee tracked the early pace set by Hoist the Gold, took over midstretch, and dug in late to hold on. He was the 5-2 betting favorite, though 8-1 Senor Buscador and 34-1 long shot Crupi being the next two horses to cross the wire ensured nice payouts in the exotics.

Pegasus World Cup Wagering History

In the Pegasus World Cup, the winner tends to be well bet, with Art Collector being the only true long shot winner in the first eight runnings of the race. Here is a look at the wagering history of the Pegasus World Cup including winners, win prices, exacta, and trifecta payouts.

Year Winner Win Price $2 Exacta Price $1 Trifecta Price
2017 Arrogate $3.80 $33.80 $104.00
2018 Gun Runner $4.20 $17.20 $55.50
2019 City of Light $5.80 $82.20 $105.20
2020 Mucho Gusto $8.80 $78.20 $444.80
2021 Knicks Go $4.60 $23.00 $350.10
2022 Life Is Good $3.60 $4.80 $7.80
2023 Art Collector $33.00 $165.60 $2,394.70
2024 National  Treasure $7.20 $70.00 $581.90

Pegasus World Cup Bets

The Pegasus World Cup betting menu includes all of the wagers you would expect to see in a horse race.

Straight Wagers

You can bet straight wagers like win, place, and show in the Pegasus World Cup. If you have a strong opinion on a horse in the Pegasus, go ahead and put your money to win! If you are looking for a safer bet on the race, place and show might be more interesting. Though they typically pay less than a successful win wager, a place bet only requires your horse to finish in the top two, and show requires they finish in the top three.

Single-Race Exotics

If you like multiple horses in the race, or you have an opinion on a horse who you think can finish second or third but not win, you may be in a great place to cash a big ticket on a single-race exotic wager. The exacta, trifecta, superfecta, and super high five require you to pick the first two, three, four, or five horses across the finish line in a single race.

Cashing exotic wagers can require a combination of skill and luck. However, if you pick the right long shot to finish in the top few horses, then these wagers can give you a life-changing score! And, in the Pegasus World Cup, long shots finish in the money enough to make these wagers appealing.

Multi-Race Exotics

If you have opinions on which horses are most likely to win not only the Pegasus World Cup but also races near it in the card, then multi-race exotics may be the perfect bets to make on Pegasus World Cup day.  Daily Double, Pick 3, Pick 4, Pick 5, and Pick 6 wagering are available on the card.

These bets require you to pick the first two, three, four, five, or six finishers of the race. Like single-race exotics, these can be difficult and require a bit of luck, but if you catch a long shot or two they can pay big money!

Pegasus World Cup Betting Tips

As you plan to bet the Pegasus World Cup, keep in mind the trends in the Pegasus World Cup, as well as the trends on the Gulfstream Park course. Knowing these betting tips can help you maximize your wagering profits on the Pegasus World Cup.

Well-Bet Horses Deliver in the Pegasus

Though looking for long shots can be exciting, the Pegasus has historically not been the place to look for long shots on top. In its first eight runnings, seven of the winners has always been either the favorite or the second betting choice. The only true long shot winner was Art Collector, who paid his backers $33.00 to win in 2023. Even though he was a long shot, however, he had long been a fixture in top-level company.

This does not mean it is useless to look for long shots. If you plan to play exactas, trifectas, or superfectas, there are often long shots who find it into those intra-race exotic wagers.

Speed Is King

At Gulfstream Park, especially on the dirt, early speed is the key to victory. Though a Pegasus World Cup winner does not always have to make the early lead, all of the first six Pegasus winners has either won wire-to-wire or sat close to the early lead before taking over late. This mirrors the usual pattern over the main track at Gulfstream Park.

If there is a lot of early speed in the race, a closer may be able to run on well enough late to finish in the money. Finding a long shot closer who has a good chance to run on late could help single-race exotics pay well. However, when choosing a winner, stick with the speed horses.

Breeders’ Cup Horses Come Back Strong

Six of the first eight winners of the Pegasus World Cup last raced in the Breeders’ Cup, meaning that has been a profitable place to look for the right horses in the Pegasus. Both the Breeders’ Cup Classic and the Breeders’ Cup Dirt Mile have been strong sources of winners in the Pegasus World Cup, so make sure to give strong consideration to horses who ran well in both of those races.

From there, the picture gets a lot spottier as far as identifying individual prep races. The Clark Handicap was a live prep through the first few years of the Pegasus' history, though in recent years that has become less live.

Mind the Distance

Keep in mind that the Pegasus World Cup covers a distance of 1 â…› miles. Compared to a lot of top-level races, this is an intermediate distance. Some milers may find this a little too long, while some true classic-distance (1 ÂĽ-mile) horses may find this trip just a little too sharp.

Look through the past performances of the Pegasus World Cup runners for their ability to handle 1 â…› miles. Even if they have not covered that specific distance, you can get some idea based on the range of distances they have tried. If they are a Classic-distance horse, try seeing how they shortened up in stakes company, perhaps to a mile or 1 1/16 miles; if they are versatile enough to handle both kinds of distances, this intermediate one may be just fine.

Pegasus World Cup Turf Races

Though the richest race on the Pegasus World Cup card is always the featured dirt race, logical since dirt remains the highest-profile racing surface in the United States, there is a pair of rich turf races with the Pegasus name, which join it on the card. Like the dirt race, the turf races draw world-class horses and give horseplayers excellent Pegasus World Cup betting opportunities.

Pegasus World Cup Turf History

Gulfstream Park revamped the Gulfstream Park Turf Stakes as the Pegasus World Cup Turf in 2019 and raised its purse to match. It is a $1 million horse race that draws some of the best middle-distance turf horses in the world. A 1 3/16-mile race for its first three years, it has been shortened up to 1 â…› miles as of 2022.

Even though horses have shipped from overseas, American horses usually do well in the Pegasus World Cup Turf, and all but one of its winners has been based stateside. Bricks and Mortar won the 2019 edition of the Pegasus World Cup Turf, a strong beginning to his Horse of the Year season. Zulu Alpha, previously best proven over longer trips, shortened up effectively for the 2020 edition. In 2021 and 2022, Colonel Liam became the first horse to win a Pegasus race twice when going back-to-back in the Turf. Mike Maker, who also trained Zulu Alpha, returned to the winners' circle in 2023 with Atone.

In 2024, an overseas horse won the Pegasus World Cup Turf for the first time. Warm Heart, a multiple Group 1-winning filly trained by Aidan O'Brien, brought her class to Gulfstream and beat males in the Pegasus Turf, holding by half a length.

Pegasus World Cup Filly and Mare Turf History

In 2022, Gulfstream added another Pegasus race when it rebranded the Marshua’s River as the Pegasus World Cup Filly and Mare Turf and raised its purse to $500,000. Regal Glory won that inaugural edition, the beginning of a season that would include three Grade 1 wins as well as a second-place finish against Grade 1 males. Queen Goddess, based on the west coast with Michael McCarthy, successfully shipped east to win in 2023. Though she tried for the repeat in 2024, she finished only ninth behind Ignacio Correas, IV trainee Didia, who used that as a springboard toward a season that includes a win in the New York (G1) and a third-place effort in the Breeders' Cup Filly & Mare Turf.

How to Watch the Pegasus World Cup

The Pegasus World Cup is traditionally run on the last Saturday in January at Gulfstream Park. The Pegasus World Cup and Pegasus World Cup Turf will be broadcast on NBC starting at 4:30 p.m. Eastern and also live streamed on Peacock. The entire day’s race card is also shown on the Gulfstream Park website, just like all racing at Gulfstream Park. So, make plans to watch the racing and take advantage of the lucrative betting opportunities all day long at your preferred online racebook!

Pegasus World Cup Frequently Asked Questions

These are answers to questions that people ask about betting the Pegasus World Cup.

When and where is the Pegasus World Cup?

The Pegasus World Cup happens the last Saturday in January at Gulfstream Park. So, in 2025, the race happens on Saturday, January 25.

Why should I bet on the Pegasus World Cup?

The Pegasus World Cup is one of the most elite races in the world for older dirt horses, and the beginning of the serious racing season in that division. The race draws the best handicap-division runners to compete for a $3 million purse. With such a good field, live long shots often get ignored, meaning that there is often strong value in exotic wagers.

What is the Pegasus World Cup betting menu?

The Pegasus World Cup offers the same wagers you see on horse races all year long. You can bet individual horses to win, place, or show. You can also bet intra-race exotics like exactas, trifectas, superfectas, and Super High Fives, as well as multi-race bets like the Daily Double, Pick 3, Pick 4, Pick 5, or Pick 6 that link the Pegasus World Cup with the Pegasus World Cup Turf, Pegasus World Cup Filly & Mare Turf, and other excellent races through the day.

Can I bet on the Pegasus World Cup online?

Yes! Betting the Pegasus World Cup online is safe, legal, and easy! It is convenient since you can do it anywhere with an internet connection, from your computer, tablet, or smartphone. Online betting sites also offer a full range of bets including futures, fixed-odds wagering, and props that you won't find at the track.

Where can I find out the best places to bet on the Pegasus World Cup online?

This is the place to find out the best places for betting the Pegasus World Cup online. Take a few minutes to read our reviews, and be confident that you have found a trusted online racebook with all the benefits and features you need.