Supercharged Interstate Version of Popular Hi-5
Starts with Sunday, October 26 Opening of Churchill Downs' 119th Fall Meet
LOUISVILLE, Ky. (Wednesday, Oct. 22, 2008) - Churchill Downs and Calder Race Course are teaming to offer a payout-pumping variation of the popular Super Hi-5 wager starting on Sunday, October 26 - the start of Churchill Downs' 26-day Fall Meet.
The new "Z-5 (Super Hi-5)" will rotate the high-payout Super Hi-5, which calls on players to correctly select the top five finishers in a race in exact order, between the two racetracks - the first interstate jackpot of its kind in horse racing - giving players multiple chances to win lofty payouts each day.
The wager will also launch with a $10,000 jump-start pool guarantee and feature a "best buy" takeout of 19%, well below the norm for horse racing "exotic" offerings.
The Z-5 $10,000 "Jump Start" Guarantee
Churchill Downs and Calder Race Course may "jump-start" the Z-5 (Super Hi-5) with a guaranteed minimum winner's pool of $10,000 or other publicly stated amount. On days and races when the guarantee is offered, if there is a winning ticket on any Z-5 (Super Hi-5) pool and there is less than $10,000 wagered into the pool, including any carryover from a previous pool, the winner will receive or share in the net proceeds, after takeout as required by law, as if $10,000 had been wagered into the pool. For the duration of the promotion, this guarantee will be clearly indicated in the program page header associated with the Z-5 (Super Hi-5) race. This promotion may be terminated at any time by Churchill Downs and/or Calder Race Course.
The Z-5 (Super Hi-5) will be offered daily on Churchill's Race 3, Calder's Race 6 and then again on Churchill's final race of the day. If no one correctly selects five top horses in Churchill's Race 3, the carryover pool will move to Calder's Race 6, then back again to Churchill if there are no correct tickets. The zigzag rotation will continue to the following day and beyond until one or more lucky players get the winning sequence right. Whenever it's hit, a new Z-5 (Super Hi-5) pool will start with the next track and race in the sequence.
"With four race tracks operating in different states at various times of the year, Churchill Downs Incorporated is uniquely positioned to create the first interstate jackpot carryover pool for players nationwide," said Churchill Downs Incorporated vice president Tom Aronson.
"The Z-5 (Super Hi-5) is especially compelling with large fields, and we can draw on our outstanding trainer and racehorse populations at two or more of our properties at any time to present players with a number of challenging races every day. We'll test the concept with Churchill and Calder over the next month, and work from there."
The Super Hi-5 quickly established itself as a signature carryover bet for Churchill Downs during the 2008 Spring Meet with 107 payouts exceeding $10,000, including a track record $107,912 on June 25. Also, there was a record three-day $2.15 million pool on May 8.
The multi-track Z-5 (Super Hi-5) will extend Churchill's traditionally low 19% takeout to the Calder pool, making the wager a standout "best buy" among horse racing's feature bets around the country.
"We want to give the popular Super Hi-5 pool a chance to expand its national fan base and offer consistent jackpot-size payouts," Aronson said. "The best way to do that is increase the number of tracks, horsemen, horses and fans that participate, and to offer it at a special price. We're very excited about the Z-5 (Super Hi-5) variation and are looking forward to seeing how it does."
Churchill Downs' 2008 Fall Meet wagering menu:
Churchill Downs' takeout rates on Win, Place and Show wagers is 16% and all other exotic wagers is 19% - some of the lowest takeout rates in North America.
After the Sunday, Oct. 26 opening day program, live racing at Churchill Downs will be conducted on a Wednesday-Sunday schedule for five weeks through Saturday, Nov. 29. Dark days will be Mondays and Tuesdays except for a special Veterans Day program on Tuesday, Nov. 11.
Most racing programs will begin at 12:40 p.m. ET and feature 10 live races. There'll be 11-race cards on opening day and the first Saturday of the meet (Stars of Tomorrow I). Twelve-race programs that begin early at 11:30 a.m. ET will be showcased over the meet's final three days: Thursday, Nov. 27 (Thanksgiving Day); Friday, Nov. 28 (Clark Handicap Day); and closing day on Saturday, Nov. 29 (Stars of Tomorrow II).
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 135th running of the Kentucky Derby on May 2, 2009. The track's 2008 Fall Meet runs from October 26 through November 29. Churchill Downs is scheduled to host the Breeders' Cup World Championships for a record seventh time on November 5-6, 2010.