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'All Others' a Strong Favorite in Early Odds for Opening Pool of 2008 Kentucky Derby Future Wager
Louisville, KY (Feb. 5, 2008) -- The mutuel field, or “all others,” wager has been favored in the first of three pools of Churchill Downs’ Kentucky Derby Future Wager every year since the bet was first offered in 1999. The trend is expected to continue in 2008 as fans line up on Thursday, Feb. 7, to make their early bets on contenders for the 134th running of the Kentucky Derby presented by Yum! Brands (Grade I).
Churchill Downs oddsmaker Mike Battaglia has installed the “all others” bet as the strong 5-2 favorite in his morning-line odds for Pool 1 of the Kentucky Derby Future Wager, which begins its four-day run at noon (all times EST) on Thursday at racetracks and satellite wagering outlets across the United States and Canada. Wagering on all three pools of the Kentucky Derby Future Wager is also available at TwinSpires.com, the official advance deposit wagering service for Churchill Downs Incorporated (NASDAQ: CHDN) and its family of racetracks.
Each Kentucky Derby Future Wager pool includes 24 wagering interests that consist of 23 individual horses and a mutuel field, or “all others,” interest. There is a three-way tie for second choice and favored individual horse in Pool 1’s morning-line odds between Robert LaPenta’s unbeaten 2-year-old champion and Bessemer Trust Breeders Cup Juvenile (Grade I) winner War Pass; Winchell Thoroughbred’s Pyro, runner-up in the Breeders’ Cup Juvenile; and WinStar Farm and IEAH Stables’ Court Vision, winner of the Remsen (GII) at Aqueduct and Churchill Downs’ Iroquois (GIII). All three are listed at 12-1 in Battaglia’s morning line odds.
The opening of Pool 1 of the 2008 Kentucky Derby Future Wager marks the start of the 10th year of Thoroughbred racing’s first pari-mutuel future bet. The Kentucky Derby Future Wager is a minimum $2 wager and a win bet only. It offers Kentucky Derby fans the opportunity to bet on contenders at odds that could be greater than those they would receive on Derby Day.
Wagering on Pool 1 of the Kentucky Derby Future Wager will continue through Sunday, Feb. 10, at 6 p.m. Pool 2 is scheduled for March 6-9, while the wager’s third and final pool is set for April 3-6.
There are no refunds in either the Kentucky Derby Future Wager and winning payouts in all three pools will be based on the odds that are in place on the wagering interests at the close of wagering in each respective pool.
The 134th running of the $2 million guaranteed Kentucky Derby presented by Yum! Brands, a 1 ¼-mile test for 3-year-old Thoroughbreds and America’s premier race, is scheduled for Saturday, May 3 at Churchill Downs.
The roster of individual horses among the Pool 1 wagering interests includes four horses that are scheduled to compete in Saturday’s $300,000 Risen Star (GIII) at Fair Grounds. Pyro, trained by Steve Asmussen, will seek his first stakes victory in that 1 1/16-mile event against Asmussen-trained stablemate Z Fortune (20-1 in the Pool 1 morning line), and Pool 1 contenders Blackberry Road (20-1) and Signature Move (50-1).
Hall of Fame trainer Bill Mott, the all-time win leader at Churchill Downs who continues to search for his first victory in the Kentucky Derby, trains three of Pool 1’s wagering interests. Mott conditions Court Vision and also trains Majestic Warrior (15-1) and Z Humor (15-1). Trainers with a pair of Kentucky Derby contenders among the Pool 1 betting interests include Asmussen; Richard Mandella, who has Crown of Thorns (20-1) and CashCall Futurity (GI) winner Into Mischief in his care; two-time Kentucky Derby winner Nick Zito, who conditions champion War Pass and Kentucky Jockey Club (GII) winner Anak Nakal (20-1); four-time Eclipse Award winner Todd Pletcher, the trainer of Monba (30-1) and Cowboy Cal (20-1); and David Carroll, the conditioner of Blackberry Road and Denis of Cork (30-1). Asmussen, Mandell, Pletcher and Carroll are all seeking their first victory in the Kentucky Derby.
Street Sense, James Tafel’s winner of the 2007 Kentucky Derby, was the betting favorite in the race – but was not favored in any of three Kentucky Derby Future Wager pools. The son of Street Cry returned $11.80 as the narrow betting favorite on Derby Day, but his Kentucky Derby Future Wager payouts were $22.80 (Pool 1), $18.20 (Pool 2) and $15.40 (Pool 3) for a $2 wager. The record payout on a winning Kentucky Derby Future Wager came in 2003 when Funny Cide took the “Run for the Roses.” Funny Cide returned $27.60 for a $2 win bet on Derby Day, but his Kentucky Derby Future Wager payouts were a record $188 in Pool 1, $120.80 in Pool 2 and $107.40 in the final pool.
Real time odds on all three pools of the Kentucky Derby Future Wager are available on the official Kentucky Derby Web site at www.kentuckyderby.com.
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 Global Select Market: CHDN) also operates Trackside at Churchill Downs, which offers year-round simulcast wagering at the historic track. Churchill Downs will conduct the 134th running of the Kentucky Derby on May 3, 2008. The track’s 2008 Spring Meet begins on April 26. Churchill Downs has hosted the Breeders’ Cup World Championships a record six times. Information about Churchill Downs can be found on the Internet at www.churchilldowns.com.