Future Wager Rules

The Kentucky Derby Future Wager consists of three (3) separate wagering pools; one each  for the months of February, March and April with the winner of each pool being determined by the official first place winner of the Kentucky Derby on May 2, 2009. The Kentucky Oaks Future Wager will be offered in 2009 in one (1) pool in March, and the winner of the pool will be determined by the official first place winner of the Kentucky Oaks on May 1, 2009. Each pool will remain open for a period to be determined by Churchill Downs Incorporated ("Churchill Downs"), but in no event less than three (3) days nor more than ten (10) days. The three (3) pools shall each be open for the same length of time. The starting and closing date of the wager will be determined by Churchill Downs and will be advertised to the public. Each Kentucky Derby Future wager and each Kentucky Oaks Future wager is a win wager only and each pool shall be a separate and independent calculation; distribution of winning wagers will be made following the official results of the 2009 Kentucky Derby and Kentucky Oaks, as applicable. The minimum wager shall be Two Dollars (US$2.00).

Each of the three (3) Kentucky Derby Future Wager pools and the one (1) Kentucky Oaks Future Wager pool shall be comprised of twenty-four (24) betting interests. The top twenty-three (23) betting interests shall be determined by the Churchill Downs handicapper and listed alphabetically. The number twenty-four (24) betting interest shall represent the mutuel field.  In the Kentucky Derby Future Wager, that 24th wagering interest includes all other 3-year-old Thoroughbreds not listed among the 23 individual horses in that respective pool.  In the Kentucky Oaks Future Wager, the mutuel field includes all other 3-year-old fillies.  All wagering interests in the Kentucky Derby and Kentucky Oaks Future Wagers, along with morning line odds, will be available on the official Kentucky Derby Web site (www.kentuckyderby.com) and in daily racing programs at racetracks and off-track betting facilities that offer the wager.  Final odds and/or probable payoffs will be distributed to the media and posted on the Kentucky Derby Web site following the conclusion of wagering in each respective pool. 

No refunds will be issued. All wagers are final once the patron has left the window. Career-ending injuries, death and failure to start are not subject to refunds. If Churchill Downs definitively determines, either prior to or during a pool, that an injury or other circumstance would prevent a wagering interest from participating in either the Kentucky Derby or Kentucky Oaks wagering on that horse will be immediately suspended.  No refunds will be issued for wagers on the suspended wagering interest.

Notwithstanding the above, in the event the 2009 Kentucky Derby is not run or does not produce an official winner, all wagers in the Kentucky Derby Future Wager shall result in a refund.

Notwithstanding the above, in the event the 2009 Kentucky Oaks is not run or does not produce an official winner, all wagers in the Kentucky Oaks Future Wager shall result in a refund.

All calculations and payoffs for the Derby Future Wagers shall be governed by the Kentucky Racing Laws and Rules. Each pool shall be separately and independently calculated and distributed. Takeout shall be deducted from each gross pool as stipulated by law. The remainder of the monies in the pool shall constitute the net pool for distribution as payoff on winning wagers.

The amount wagered on the betting interest which finishes first is deducted from the net pool, the balance remaining being the profit; the profit is divided by the amount wagered on the betting interest finishing first, such quotient being the profit per dollar wagered to win on that betting interest. The net pool shall be distributed as a single price pool to winning wagers in the following precedence, based upon the official order of finish:

(a) To those whose selection finished first; but if there are no such wagers, then

(b) To those whose selection finished second; but if there are no such wagers, then

(c) To those whose selection finished third; but if there are no such wagers, then

(d) The entire pool shall be refunded on Win wagers for that contest.

If there is a dead heat for first involving:

(1) contestants representing the same betting interest, the pool shall be distributed as if no dead heat occurred or

(2) contestants representing two or more betting interests, the pool shall be distributed as a profit split.