On Heels of Pick 5 Success, Canterbury Adding 10 Percent Takeout, Non-Jackpot Pick 6 To Wagering Menu

Canterbury Park officials announced today that the Shakopee, Minn., racetrack's industry-low 10 percent takeout rate on the $.50 Pick 5 wager will return for the 2021 racing season and that a $1 Pick 6 wager, also with an industry-low 10 percent takeout, will be offered daily. Both the Pick 5 and Pick 6 will be traditional wagers distributing the full pool less takeout to bettors selecting the first-place horse in each leg of the wager.

In conjunction with a modified 2020 racing calendar as a result of COVID-19, Canterbury instituted the low takeout rate on a traditional Pick 5 wager at the beginning of last season, abandoning the jackpot format offered since 2017. The Pick 5 averaged $79,500 in wagers per pool in 2020 and totaled more than $4.1 million throughout the season. Both were astronomical increases over 2019 when the wager attracted an average Jackpot Pick 5 Pool of $8,366 and season-total wagering of slightly more than $550,000.

“There is no doubt that the low takeout in the Pick 5 was a factor in attracting new players to our racing product,” Canterbury's track analyst Brian Arrigoni said. “Those new players liked what they saw with our weeknight mix of turf and dirt races and solid field size and not only bet into that low-takeout pool but also found appealing wagering opportunities across other pools as well.”

The weekday-focused calendar in 2020 and the modified wagering menu resulted in record all-sources wagering of more than $68 million during the shortened 53-day season, the fewest days run at Canterbury Park since 1998. All-sources wagering increased by more than 68% as compared to 2019 when a 66-day meet was conducted. Controlling for the reduction in race days as a result of the coronavirus pandemic, daily all-sources handle increased by nearly 110% and was spurred by an increase in the average Pick 5 Pool of nearly 850%.

“I believe the Pick 6 with this low takeout will appeal both to customers that favor a more traditional Pick 6 wager and those that are looking for reduced takeout wagers. Moving away from jackpot bets is good for the horseplayer and will bring even more bettors into our pools. The $1 minimum is certain to generate strong payoffs as well as exciting carryover opportunities,” Arrigoni said.

Both of these pari-mutuel wagers require the participant to select in order the winners of consecutive races, five in the Pick 5 and six in the Pick 6, placing the bet before the first race in the series begins. In the event no tickets correctly identify all winners, 75 percent of the pool is carried over to the following racing program and 25 percent is paid as a consolation.

The 2021 season will be conducted on a Sunday, Tuesday, Wednesday, Thursday schedule with additional holiday racing Memorial Day, Labor Day and July 3. Post time on Sundays is 1:00 PM (CDT). Tuesday through Thursday racing begins at 5:00 PM. More information is available at www.canterburypark.com.

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Minnesota Racehorse Engagement Program Promoting 2021 Ownership Opportunities

As temperatures start to rise in Minnesota, so does the excitement for the 2021 racing season at Canterbury Park. The Midwestern track, which opens on May 18, has a multitude of exciting opportunities for trainers, horses, and now future owners. Thanks in part to the relationships built with multiple ownership groups, both national and local, horse racing fans will have easy entry to the exciting experience of being a thoroughbred racehorse owner.

The Minnesota Racehorse Engagement Program (MNREP) is promoting several ownership opportunities on their website, www.RacehorseMinnesota.com, that will provide easy and affordable entry to Thoroughbred racehorse ownership in 2021.

One of these opportunities is provided by the 2021 Canterbury Park Racing Club. The Canterbury Racing Club, which was the first racing club introduced in the United States, has partnered with Wasabi Ventures Stables in 2021 to provide more horsepower via this one-of-a-kind club. Interested parties can experience owning a stable of racehorses at Canterbury Park for an all-inclusive one-time membership fee of $250. Membership offers several additional benefits at the track including free season's pass, special events, and educational opportunities.

“The Canterbury Racing Club is a great way to introduce racehorse ownership to someone who wants to experience the thrill of racehorse ownership, learn more about ownership in general, and who enjoys the sociability of being part of a group of racing fans,” explains Joe Scurto, Executive Director for MNREP.

Empire Racing Stables returns to Canterbury after finishing 2019 as the Leading Owner of the Meet. The club looks to utilize the knowledge of three high percentage winning Canterbury Park trainers: Robertino Diordoro, Bernell Rhone and Karl Broberg. The group races across the country and prides itself on organized gatherings for fun time with owners to get to know one another and enjoy the horses. Ownership opportunities start at $100.

Rocket Wrench Racing offers opportunity for new owners to enjoy the claiming game by claiming horses for their partnership while working alongside their trainer Karl Broberg. The group is made mostly of fellow Minnesotans who enjoy getting together at the track to watch their horses and support their home state's track. 5% ownership opportunities sell for $2,500.

“We look to claim horses with a proven record of success and then enter those horses in races where they can be competitive, and win,” says Rocket Wrench Racing Manager Justin Revak.

Ironhorse Racing Stable heads north for the first time, bringing their passion for success and for the horse to Canterbury Park in 2021. The group, known for campaigning multiple stakes-winning champion Bucchero and Breeders' Cup entrant Momos, is looking to start a 2-year-old at Canterbury Park for owners located in or around Minnesota, then continue racing the horse nationally, should he be successful.

“We are a no mark-up group that doesn't have management fees, but we also know how to win,” says Ironhorse Racing Stable Managing Partner Harlan Malter. “We value our partners because they're not just investors, they really are owners of the horse.”

Wasabi Ventures Stables will also offer their ever expanding ownership opportunities, aside from the Canterbury Racing Club and will be racing for the second year at Canterbury Park. Alongside trainer Tony Rengstorf, Wasabi owned horses hit the board in five out of six starts in 2020 and they look to improve on that record in 2021. Ownership with Wasabi can range from as little as a half percent to as much as 4.99 percent. Most investments start at under $200.

A recent addition to the menu of managed groups racing their horses at Canterbury this year is Grevelis Racing Stable. The longtime local group is woven into the very fabric of racing at Canterbury. Managed by Ted and Heather Grevelis, the group offers larger percentage ownership opportunities, as well as a track record of success at Canterbury dating back to 2005. Ten perecent ownership shares are listed at $2,000.

Racing kicks off at Canterbury Park on May 18 and will run through September 16. The racing partnerships are currently accepting new partners, and more information can be found on the MNREP website: http://racehorseminnesota.com.

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Breeders’ Cup Presents Connections: ‘I Think Dad Would Be Proud’

Before entering the Oaklawn winner's circle on March 13, jockey Alex Canchari raised his gaze to the clouds and allowed himself a moment to experience the rolling waves of emotion. He raised his right hand in a salute, acknowledging the man from whom he'd inherited his love of the horses.

When Alex closed his eyes, he felt it: his dad was proud of him.

The 27-year old had just piloted Carlos L. to a $97.40 upset of the $150,000 Temperence Hill, his first stakes win since the death of his father, Luis Canchari, on Dec. 9, 2020. 

“My dad always loved Oaklawn,” Alex said. “I just felt like he was riding with me. He was watching over me.”

It wasn't just his father's passing that was affecting Alex on the way to the winner's circle; it had been a long, arduous 12 months for the entire Canchari family. 

In March of 2020, Alex's older brother, jockey Patrick Canchari, was gravely injured in a car wreck on the way to the racetrack in Arizona. He was diagnosed with a traumatic brain injury and a fractured C4 vertebra (neck), sedated and placed on a ventilator. 

Due to COVID restrictions placing hospitals on lockdown, family members were unable to see and support Patrick in person.

“That's why it was really tough, and it just seemed like the doctors didn't give him much of a chance when the accident happened,” Alex recalled. “He's a strong person, too.”

Patrick overcame all the odds, and enjoyed his 30th birthday at home in Minnesota last week. He lives with sister Ashley Canchari, who renovated her house for wheelchair access, cares for Patrick, and takes him to daily therapy sessions.

“He's in good spirits,” Alex said. “He was really well-liked in our town. There are people there that come every day and help him; he needs help doing everything. But he's doing really well now.”

Patrick Canchari celebrates his 30th birthday

Alex stayed close to home that summer, supporting his family as best he could through the restrictions imposed by the virus, all while riding at both Canterbury and Prairie Meadows.

It was late fall when an unknown respiratory illness sent the family patriarch to the hospital. It wasn't COVID, but doctors were unable to diagnose him and Luis Canchari succumbed on Dec. 9. He was 64 years old. 

“He was kind of like a jack of all trades,” Alex said of his father. “He's been everything from an agent to a trainer, and he was a jockey. He could do everything with horses; that's what I always admired about him.”

Alex and his father had always been close. Luis grew up in Lima, Peru, attending races at the Monterrico oval and, when he was old enough, grooming and galloping horses there.

In fact, Luis Canchari was the groom/exercise rider for the legendary Peruvian horse Santorin, the first ever winner of the country's “Quadruple Crown.” Santorin won at distances from seven furlongs to nearly two miles, tallying eight victories from 13 career starts. Perhaps his biggest triumph came in the 1973 Group 1 Carlos Pellegrini Grand Prix in Argentina, which the horse dominated by 13 lengths.

Today, there is a statue of Santorin in front of Monterrico. 

“I still have that picture of my dad walking the horse into the winner's circle,” Alex said, pride evident in his voice. “The grooms would gallop horses without saddles there. He was amazing.”

Luis Canchari moved to the United States in the mid-1980s, working and riding races in Florida for a few years. However, it was a trip to Minnesota's Canterbury Park that altered the man's life forever.

“My mom was on the rail watching the horses, but when he passed her she had her head down, and he thought she was crying,” Alex said. “He asked her if she was okay, and that's how they met.”

Luis and his wife settled down and raised four children in Minnesota, working with the horses at Canterbury Park every summer.

There must be something in the air at Canterbury, because Alex met and fell in love with his fiancée there as well.

“I had broken my hand, and I was at the races with my friends,” Alex explained. “She bumped into me and she got ice cream on my shirt, and we just started talking.”

Looking back on his childhood, Alex can't remember a time when both the racetrack and his family weren't a major part of his life. He spent endless hours at the track with his father and his brothers, learning horses from the ground up. 

His father wasn't the kind of man who taught by way of instruction; no, Luis' children learned by doing.

“I remember when I was 10 years old, I was cleaning stalls for a Quarter Horse trainer in Minnesota,” Alex said. “Part of my pay was that she would let me ride the pony. One day, my pony freaked out for some reason and took off full speed across the blacktop. I couldn't slow him down. There is a chain link fence surrounding the track up there, and he was heading straight for it. Well, he hit the brakes, and I flew right over the top of his neck into the fence.

“I thought, 'I don't want to get back on him.' My dad, he was wearing a dress shirt, slacks, and dress shoes, and he came over and got on the pony and started galloping him around in figure eights with one finger on the reins.

“That was the only time I can remember being scared around horses, but seeing my dad do that, it took away all the fear. He said, 'It's easy Alex, you just gotta enjoy it.'”

When Alex committed to a career as a jockey in his early teens, his father was right alongside him.

“I used to run around all of Shakopee,” Alex said, referring to the town in Minnesota in which Canterbury Park is located. “Dad would follow me in the car, while I was running with the sauna suit and carrying a whip, practicing switching hands and stuff. Dad built me an equicizer at our house, and he would come out and coach me on it.”

Understandably, Alex felt bereft after Luis's death in early December. 

Alex stayed home for the birth of his daughter, Penelope, on Dec. 21, then made his way to Turfway Park in Kentucky. Things weren't quite clicking: he went 3 for 59 over the next two months.

A fellow Canterbury regular, trainer Mac Robertson, called to check in on Alex. When he heard how the rider was doing, Robertson offered him the chance to ride for his barn at Oaklawn. Alex jumped at the opportunity.

Alex piloted Robertson's Glacken's Ghost to an allowance victory in his first Oaklawn mount of the meet on Feb. 26, and the momentum has continued to build. There was the win with Carlos L. on March 13, and the very next weekend Alex brought home another stakes winner for Robertson with Sir Wellington in the Gazebo, paying $15.40.

Alex Canchari, wearing a helmet cover embroidered with his brother's name, gives Sir Wellington a pat after their win in the Gazebo Stakes on March 20

Carlos L.'s stakes win was extra special, however, because the horse is owned by former jockey Rene Douglas, who suffered a career-ending injury in 2009 at Arlington Park. Douglas is one of Alex's childhood idols, so the mount was especially important to him.

Even at the eighth pole, when Alex's whip flew out of his hand after connecting with that of a nearby rival, the jockey refused to give up. He urged Carlos L. onward with his hands and his heels, giving the horse everything he had. 

The pair crossed the wire a neck in front, and Alex saluted the heavens after the wire.

Things are definitely looking up, and Alex is excited to spend the summer at home in Minnesota where he can ride at Canterbury and help take care of his brother, as well as spending time “being a dad” to his own two kids. 

“Everybody has tough times,” Alex summarized. “I pray a lot, and work every day, and try to look for the good side of things, like my brother walking again some day.

“I think Dad would be proud.”

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Canterbury VP Andrew Offerman Joins Writers’ Room

With smaller tracks gradually disappearing over time, it takes a concerted effort to build a fan customer base that can sustain your business in a non-marquee racing state. Minnesota's Canterbury Park is one of those outliers, a track whose management has put in the work to run a profitable enterprise while managing to attract novice fans and satisfy horseplayers alike, all without the buttressing revenue of slots.

Wednesday morning, Canterbury's VP of Racing Operations Andrew Offerman joined the TDN Writers' Room presented by Keeneland to talk about the track's blueprint for standing out on a lesser circuit. Calling in as the Green Group Guest of the Week, Offerman discussed the track's decision to drop its Pick 5 takeout to an industry-low 10%, what it's trying to do to attract new owners and trainers and how to still bring fans to the track in 2021.

“We've had a couple different forays into takeout reduction,” Offerman said regarding the successful Pick 5 experiment. “We did some more across-the-board cuts a few years ago, and that didn't work as well as the Pick 5 takeout reduction did. Last year, when we were kind of forced to change our business strategy from being really on-track centric to trying to focus more on off-track betting markets, we knew we had to do something to become more attractive, beyond just running through the middle of the week. So looking at our Pick 5 and trying to do something unique with that wager as it continues to grow in popularity seemed like a good opportunity. The results were great. It enhanced our visibility, did a lot for our other pools around those races and really showed us a new ability to generate interest in a pool that ended up averaging around $80,000, which for us is pretty substantial.”

Faced with the difficulty of drawing owners, trainers and horses to a relatively remote part of the country, Offerman laid out some new incentive programs Canterbury is trying out for the 2021 meet, which starts May 18.

“We've always tried to come up with unique things,” he said. “We realized that when you look at the normal areas that race across the country, Minnesota's not necessarily on their map. So we came up with an early-meet incentive program that gives everyone who starts in an open overnight race an extra $1,000 throughout the month of May to try to help offset the costs of shipping, because we acknowledge that most people have a long van ride to get here from wherever they might be during the winter. We also guarantee stipends per starter over the course of the meet. It's tiered by purse level, but starts at $200 and works its way up from there. We've also been able to offer an interest-free loan program for qualified applicants where people can basically sign a zero-interest shipping loan that they can pay back over the course of the summer.”

Elsewhere in the podcast, the writers responded to the reaction from Bill Finley's critical op/ed about horsemen's groups' suit over HISA, and, in the West Point Thoroughbreds news segment, analyzed the delinquent Ramseys story and positive returns from OBS March. Click here to watch the podcast; click here for the audio-only version.

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