Upstart Share Sale Approved by Syndicate

The share in Upstart which sold to Mike Freeny for $450,000 at the Keeneland April Horses of Racing Age Sale last Friday, has been approved by the syndicate, Keeneland confirmed Wednesday.

“Everyone involved with the Upstart share was delighted with the result of the sale on Friday,” Keeneland Vice President of Sales Tony Lacy said. “We are happy to confirm that the contracts were fully executed promptly last Saturday and all parties are very satisfied. The successful sale of this share was made possible by the efforts of many, most notably Bret Jones at Airdrie and Mike Freeny, and Keeneland was pleased to have the opportunity to present this unique offering at the April Sale.”

Upstart, who stands at Brereton Jones's Airdrie Stud, is the sire of Zandon, the morning-line favorite for Saturday's GI Kentucky Derby, as well as leading GI Kentucky Oaks contender Kathleen O.

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From the TIF: The Future of Derby Futures & Modernizing Betting

The speed of legal sports betting's expansion across America in the last four years has surprised even the most bullish advocates. On any given day in a majority of states, Americans can bet on just about any outcome in the world of sports.

The next point in a game of tennis. The total runs in the next inning of a baseball game. The number of corner kicks for a team in a soccer match.

But if you legally wanted to bet on the Kentucky Derby other than the day before or day of the race, you have but a few weekends to place pari-mutuel bets, in limited pools, and through underdeveloped advanced deposit wagering.

Churchill Downs offered five opportunities to bet Derby futures for its 2022 edition, to be run this coming Saturday. Win and exacta pools were available, as well as a bet on the winner's sire and the sires of the exacta finishers. Total handle across all of the Derby-only pools was $1.88 million. An Oaks/Derby double future was offered and handled less than $85,000.

Roll back the clock to 2002 and Derby future betting was just three pools over three weekends with win betting only. Total handle that year was a combined $1.5 million which when adjusted for inflation, equates to about $2.36 million today. Despite additional pools and dates, interest measured by inflation-adjusted handle is down about 20%.

Sports betting is not legal in Kentucky at present, but that would not preclude Churchill Downs from striking future deals with operators in states that permit fixed-odds betting on racing.

The opportunity for the Kentucky Derby and its qualifying series to dominate the landscape in coming years is strong. While pari-mutuel futures on the big race have stagnated, a far more diverse market of fixed-odds opportunities should be within reach.

Click here to read the rest of this piece from the Thoroughbred Idea Foundation.

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The Ageless One, Mike Smith Looking to Make Derby History

It was back in 1984 when a 19-year-old kid named Mike Smith rode in his first GI Kentucky Derby aboard sixth-place finisher Pine Circle. He was the youngest jockey in the race. The oldest was a legend, the then 52-year-old Bill Shoemaker.

Aboard Silent King, Shoemaker was riding in the Derby for the 23rd time. As for Smith, he was just happy to be there, not knowing when he would get another chance. He never thought that one day he would become the Shoemaker of his generation.

That's what Smith is. He is still very much in demand, particularly in the big races, and has become an iconic and respected figure who, into his mid-fifities, seems to be impervious to the ravages of time. Smith's accomplishments are very Shoemaker-esque, but on Saturday he will be out to do what Shoemaker could not, win the Kentucky Derby at the age of 56.

Shoemaker became the oldest rider in Derby history to win the race when he guided Ferdinand to victory in 1986 as a 54-year-old. A year later, he finished sixth aboard Gulch. In 1988, in his last-ever Derby mount, the 56-year-old Shoemaker was 12th aboard Lively One. He retired in 1990.

Thirty-four years have come and gone since Shoemaker set the record, a record that might be about to fall. Smith will ride Taiba (Gun Runner), the winner of the GI Runhappy Santa Anita Derby and a 12-1 shot in the morning line for the Derby.

“To even be mentioned in the same breath as Shoemaker is amazing,” Smith said. “All riders idolize him and if they don't they don't know anything about racing.  If we could pull this off it would be something really special.”

The 1984 running was the only time Smith and Shoemaker competed against one another in the Derby. Smith didn't get another Derby mount until 1990. But he remembers other times he squared off against Shoemaker in races and the talks they had after Shoemaker had become a trainer.

“I rode with Shoe a few times,” Smith said. “Then I got to know him afterwards, when he was training and before he passed away. It was probably two weeks before he passed [Shoemaker died in 2003] that I had a long conversation with him. We were sitting in the jocks' room and we were talking about Azeri. He said that she was really bred for the grass. He said, 'Imagine if they ever tried her on the grass?' That was the last conversation I ever had with him. I was blessed to get to know him a little bit. He was an amazing human being. I never could have imagined that I might someday break his record in the Derby. I was just happy to know the man.”

Smith last won the Derby in 2018 with Justify (Scat Daddy). He was 52 then, an age where most jockeys have either retired or are mulling the end to their career. But not Smith. He mainly limits his mounts to the major races and is a fanatic when it comes to working out and taking care of his body. The results speak for themselves–he is still one of the top jockeys in the sport.

“I feel great and I'm doing great,” Smith said. “I keep working at it. Every race I ride I still feel like I am learning. I still want to win every race. The fire hasn't dwindled any. I keep myself in great shape. If you take care of your body and you work at it, you can still be successful at my age. You see that in all sports. Look at what Tom Brady is doing. He keeps himself in great shape and he's playing like it's his third or fourth year in the NFL.”

Late last year, Smith appeared to have his Derby horse. He won the GI Breeders' Cup Juvenile aboard Corniche (Quality Road), who was later named 2-year-old male champion. But Corniche was slow to come around this year and his connections decided not to rush him in an attempt to make the Derby. Not only had Smith not secured a Derby mount, through the end of March, a losing mount in the GII San Felipe S. was his lone assignment on the year in a race in which Derby points were allotted. He hasn't missed a Derby since 2014.

Smith had worked Taiba when he was a 2-year-old, but when the colt made his career debut Mar. 5, John Velazquez was aboard. When it came to the Santa Anita Derby, Velazquez had to choose between Taiba and the more accomplished Messier (Empire Maker). He chose Messier, who wound up finishing second behind Taiba in the Santa Anita Derby.

“Yes, without a doubt, I was worried,” Smith said. “I didn't have anything up until the Santa Anita Derby when I was fortunate enough to pick up Taiba. But I felt that something big was going to come up. Not only do I get a mount in the Derby, but I got one with a colt who has so much talent.”

Taiba has a long way to go before he can be called the next Justify, a Triple Crown winner, but there are a lot of similarities between the two. Justify was trained by Bob Baffert and was lightly raced before running in the Derby, his fourth lifetime start. Taiba started out in the Baffert stable before being moved to trainer Tim Yakteen after Baffert started serving his 90-day suspension for the drug positive he received in last year's Derby with Medina Spirit (Protonico). The Derby will be just Taiba's third lifetime start. Both enter the Kentucky Derby off wins in the Santa Anita Derby.

“People always ask me, can you compare him to Justify?” Smith said. “He's one you can compare to Justify. Both are extremely talented and very intelligent. Though he's not as big as Justify, both are big chestnuts. They both have very high cruising speed. They remind me a lot of each other.”

Even Smith can't go on forever. When asked if he saw himself riding at age 60, he said that he did not. But he has no immediate plans to retire.

“I'm just waiting for it to tell me,” he said. “Should I stop now? Why would I? I feel like I'm still there, still helping. I don't feel like I am getting in the way, especially in these kind of races and with the younger horses. I still feel that I have a lot to offer. I'm going to do it until the day I wake up and God has told me it's time to call it a career. It's hard to say when that will happen. I know I feel good and am keeping myself in great shape. As long as I keep getting these opportunities I am going to do what I love. I'm having a lot of fun doing what I'm doing. I don't have the pressure of trying to be leading rider. Give me one or two really good horses and I am happy.”

Shoemaker won four Derbies. Taiba would be Smith's third. A win by Taiba could quite possibly be Smith's last in the Derby, meaning he would not equal Shoemaker's number. Then again, it's Mike Smith. What isn't possible?

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Bettor Things: Handicapping the Derby With Joe Bianca & Bill Finley

Generally the hardest race to handicap every year, the 2022 renewal of the GI Kentucky Derby appears even more complicated than most, with a handful of major contenders but no standout favorite, and a seemingly small gap back to the rest of the field. Monday, shortly after the 20-horse field was drawn for Saturday's Run for the Roses, TDN writers and podcast hosts Joe Bianca and Bill Finley broke down the race from a variety of angles to try to provide clarity and insight for Derby bettors. Bianca, who hosts handicapping conversation podcast Bettor Things with Joe Bianca, and Finley, who co-hosts the TDN Writers' Room with Bianca and Jon Green, discussed how the pill pull affected their opinions, the race's major players that they like, as well as short prices they think are vulnerable, sneaky longshots that can spice up exotic bets, how they expect the pace scenario to play out and recent historical trends that can help narrow down win candidates. Then, shortly before wrapping, they touched on what looks like a GI Kentucky Oaks for the ages and whether or not any longshots can threaten the race's 'big four'. Click here to watch the podcast; click here for the audio-only version or find it on Apple Podcasts or Spotify.

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