Racing News

New Pool Added for Kentucky Derby Future Wager; Fans Can Bet Prospects Nov. 27-30

| Churchill Downs | 11/08/2013 #

Fans can now back their opinion on the prospects for next year’s Kentucky Derby sooner rather than later. For the first time, Churchill Downs Racetrack will add a fourth pool to its popular Kentucky Derby Future Wager and it will coincide with closing week of the racetrack’s 25-day Fall Meet: Wednesday, Nov. 27 through Saturday, Nov. 30.

The special four-day pool will open Wednesday, Nov. 27 at noon (all times Eastern) and close Saturday, Nov. 30 prior to post time of the either the $400,000 Remsen (Grade II) at Aqueduct or $175,000-added Kentucky Jockey Club (GII) – which ever race comes first. Both events for 2-year-olds are part of the “Kentucky Derby Prep Season” that offer points – 10 to first, 4 to second, 2 to third and 1 to fourth – that will ultimately determine the 20 participants for “The Most Exciting Two Minutes in Sports” next spring.

The dates for the four Kentucky Derby Future Wager pools are:

  • KDFW Pool 1: Wednesday, Nov. 27-Saturday, Nov. 30 (4 days)
  • KDFW Pool 2: Thursday, Feb. 6-Saturday, Feb. 8 (3 days)
  • KDFW Pool 3: Thursday, Feb. 27-Saturday, March 1 (3 days)
  • KDFW Pool 4: Thursday, March 27-Saturday, March 29 (3 days)

The date for the only Kentucky Oaks Future Wager pool is:

  • KOFW Pool 1: Thursday, Feb. 27-Saturday, March 1 (3 days)

The fields for the four Kentucky Derby Future Wager pools and the single Kentucky Oaks Future Wager pool will be selected by a panel of racing officials and journalists. Individual horses included in Pool 1 will be announced on Monday, Nov. 25.

The Kentucky Derby and Kentucky Oaks Future Wagers are innovative pari-mutuel wagers that allow racing fans the opportunity to wager on potential contenders well in advance of those races at odds that could be significantly more attractive than those available on the days the classic races for 3-year-old Thoroughbreds are run.

For example, Orb paid $12.80 to win on race day of the 2013 Kentucky Derby Presented by Yum! Brands, but returned $26.20 in Pool 2 and $29.60 in Pool 3 of the Kentucky Derby Future Wager.

More than $1.4 million was wagered on the Kentucky Derby Future Wager in 2012 and 2013, respectively – the highest totals since 2006 when the wager was offered in a three-pool, four-day format. Another $126,039 was bet on the 2013 Kentucky Oaks Future Wager, which was a record for the single-pool format.

The Kentucky Derby Future Wager – the first pari-mutuel wager of its kind when launched in 1999 – will be offered for the 16th consecutive year. The Kentucky Oaks Future Wager, introduced in 2003, is entering its 12th year and sixth straight year as a single-pool wager.

Each pool will feature 24 wagering interests that include 23 individual horses and a mutuel field, known by many fans as the “All Others” bet. The mutuel field, listed as No. 24 on the betting menu, will feature all foals of 2011 other than the 23 individual Thoroughbreds in the pool regardless of whether those horses have been nominated to the Kentucky Derby, the Triple Crown or the Longines Kentucky Oaks.

Both wagers offer $2-minimum win betting and exacta wagering, which is available in the form of $2 minimum straight exacta bets or $1-minimum exacta boxes and part-wheels. No scratches or betting refunds are permitted in either wager, but wagering on a Derby or Oaks Future Wager horse will be suspended immediately if Churchill Downs determines that injury, illness or other circumstance revealed during a pool would prevent a horse from competing in their respective race.

All winning payouts are determined by the odds in place at the end of each respective betting pool.

Wagering on the Kentucky Derby and Oaks Future Wager will be offered at Churchill Downs and racetracks throughout North America; via TwinSpires.com, the official online wagering site of the Kentucky Derby and Churchill Downs Incorporated; other advance deposit wagering sites; and simulcast centers and off-track wagering sites.

KDFW Pool 2, Pool 3 and Pool 4 – along with KOFW Pool 1 which coincides with KDFW Pool 3 – will be three-day pools that open at noon on Thursday. But in a change this year, each pool will close on Saturday afternoon prior to post time of a designated race on the “Road to the Kentucky Derby” or “Road to the Kentucky Oaks.” Previously, the KDFW pools opened on a Friday and closed on Sunday at 6 p.m.

“Our intent is to present pools that are more true to the future wager concept,” said John Asher, Churchill Downs’ Vice President of Racing Communications. “Two years ago, we made adjustments to our schedule. Rather than offer pools concurrent with major prep races, we moved them to a week or two in advance of those races and we saw increases in betting. Horseplayers are looking for optimum value, and we feel that closing the pools just before a major race is run is worth exploring. Those bettors with the ‘right horse’ in advance of the race could potentially receive the most advantageous odds.”

Real-time odds and other information on the KDFW are available at the official event Web site at www.KentuckyDerby.com, and information on the KOFW is available at www.KentuckyOaks.com.

The $2 million guaranteed Kentucky Derby Presented by Yum! Brands (Grade I) will be run for the 140th consecutive year at Churchill Downs on Saturday, May 3. The $1 million Longines Kentucky Oaks (GI), America’s premier race for 3-year-old fillies, will be run in its traditional calendar location on Friday, May 2 – the eve of the “Run for the Roses.”

Churchill Downs, the world’s most legendary racetrack, has conducted Thoroughbred racing and presented America’s greatest race, the Kentucky Derby, continuously since 1875. Located in Louisville, the flagship racetrack of Churchill Downs Incorporated (NASDAQ: CHDN) also operates Trackside at Churchill Downs, which offers year-round simulcast wagering at the historic track. Churchill Downs will conduct the 140th running of the Kentucky Derby Presented by Yum! Brands on May 3, 2014.  The track’s Fall Meet will run from Oct. 27-Nov. 30. The track has hosted the Breeders’ Cup World Championships a record eight times. Information about Churchill Downs can be found on the Internet at www.ChurchillDowns.com.

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