Kentucky Derby | Horse Racing Free Tips

For Jim McIngvale, an Astros World Series Win Would Mean $35.6 Million

Horse owner and master promoter Jim “Mattress Mack” McIngvale is no stranger to making big sports bets, but never anything like this. If his beloved Houston Astros win the World Series, McIngvale will make $35.6 million off of a series of bets he made in June. It would be the largest winning wager ever in U.S. sports betting history.

McIngvale often combines his wagers with promotions at his Gallery Furniture Stores in Houston. Earlier this year, he promised his customers that any mattress they bought worth $3,000 or more would be free if the favorite won the GI Kentucky Derby. McIngvale hedged, wagering $2.4 million to win on 5-2 favorite Essential Quality (Tapit), who finished fourth. A winning bet would have been worth a profit of just less than $7 million, which would have more than covered the amount he lost giving away free mattresses. A loss by Essential Quality still meant that he sold thousands of mattresses he otherwise would not have sold. Either way, McIngvale would come out a winner.

In February, McIngvale won $2.72 million on a Super Bowl wager in which he bet $3.46 million on Tom Brady and the Tampa Bay Buccaneers to cover the 3.5 point spread. It was the single largest legal wager placed on the game.

The latest promotion follows the same blueprint as the Derby wager. An Astros World Series win would mean that anyone buying a mattress during the promotional period would get it for free. Prior to the American League Championship Series, McIngvale estimated that having to give away the mattresses would cost him $20 million. It looks like that number has gone up.

When reached Saturday, a day after the Astros advanced to the World Series with a win over the Boston Red Sox, McIngvale said his store was being overrun by customers looking to take advantage of the promotion.

“Today is the biggest day in the store's history,” he said. “By a factor of about four and it's going up all the time. We're going to sell thousands of mattresses. I can't even count them. We're trying to buy them as fast as we can get them. We can't buy them fast enough. It will literally be thousands of mattresses.”

Believing that the promotion would prove to be a huge success, McIngvale made his wagers on June 10, when the Astros were still considered one of many teams with a good shot at going all the way. He bet $2 million that the Astros would win the World Series with William Hill at odds of 10-1 and another $1 million at 10-1 with Fanduel. He also made two smaller wagers at outlets that gave him 16-1. In total, he bet $3.2 million on the Astros.

The Astros are now an odds-on favorite to win their first World Series since 2017.

“I like to gamble,” McIngvale said. “I gamble big all the time. It's a promotion and it's a hedge. My heart and soul are with the Houston Astros, and, just as with Runhappy, I'm all in.”

For a while, it looked like McIngvale had backed a loser. The Astros fell behind, 2-1, in the series with Boston and their starting pitching was a mess. Many a pundit had already given the series to the Red Sox. Instead, the Astros rallied to win the next three games to close out the series and advance.

“I was not worried,” McIngvale said. “After they got beat Monday night, I was in Boston having a good time and saw some of the players that I know and they were upbeat and positive. I knew that sooner or later every batter on the Red Sox would stop hitting. 500. I knew there would be a statistical swing and things sure swung the Astros way over the last three games.”

Having a potential World Series winner at 10-1 means that McIngavle could “save” and bet some amount to win on the National League team. By doing so, he could lock in a guaranteed profit. It's not going to happen.

“I would consider that treason,” he said. “I would never do that to my boys. I wouldn't do that in a thousand years.”

With so many customers buying mattresses on Saturday, it was difficult for McIngvale to do the math. He knows he will make $35.6 million if the Astros win, but there was no telling how much he would lose giving away so many mattresses. That didn't matter with him. Not only is his heart with his hometown, he wants nothing more than to reward his customers with free mattresses.

“It will make customers happy and that's the whole idea,” he said of an Astros World Championship. “That's the whole idea, making customers happy. That's the name of the game. If the customers get their money back, they will talk about this for decades to come.”

The post For Jim McIngvale, an Astros World Series Win Would Mean $35.6 Million appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Breeders’ Cup to Require Extra Scrutiny of Baffert Horses

Horses trained by Bob Baffert, whose Kentucky Derby win with Medina Spirit (Protonico) remains in doubt due to a betamethasone positive, will undergo enhanced scrutiny in order to participate in the upcoming Breeders' Cup championship races at Del Mar, the Breeders' Cup announced Sunday.

The statement by the Breeders' Cup read:

“The Breeders' Cup Board of Directors convened a special review under legal counsel to evaluate the recent conduct of Mr. Bob Baffert in order to determine whether he should be permitted to participate in the 2021 World Championships. In the interest of fairness, Mr. Baffert was provided with advanced notice and an opportunity to take part in the process, and the Board appreciated his participation and cooperation in connection with its inquiries.

“Based on the totality of the circumstances, Breeders' Cup has decided to require all horses trained by Mr. Baffert to undergo enhanced out-of-competition, pre- and post-race testing and other security protocols, at his own expense, in order to participate in the 2021 Breeders' Cup World Championships at Del Mar.

“In addition to operating under the rules and regulations of both the California Horse Racing Board and Del Mar for the 2021 World Championships, those competing in any Breeders' Cup race are subject to another set of rules specific to the Breeders' Cup, which include the Breeders' Cup Condition of Entry, the Prohibited Substance Rule and the Convicted Trainer Rule. On top of our industry-leading protocols and standards, additional testing and security requirements for any horse under Mr. Baffert's care will be administered at his expense under a signed agreement to provide a more targeted layer of accountability. These additional measures include increased randomized out-of-competition testing for all prohibited and restricted substances, additional tests administered the week of the World Championships, increased veterinarian and security checks, and in-person 24-hour security surveillance ahead of the horse or horses' respective events. Mr. Baffert has agreed to abide by each of these additional measures.

“Working with horses and competing in the World Championships is a privilege, and medication restrictions and testing protocols are in place for a reason. The Breeders' Cup expects Mr. Baffert's complete cooperation in ensuring that every horse under his care is in full compliance with all medication restrictions and safety standards.

“Breeders' Cup looks forward to the uniform rules and enforcement mechanisms that the Horseracing Integrity and Safety Authority's antidoping and medication control program will bring to our sport.”

Baffert responded to a text from the TDN, saying, “I share the values of the Breeders' Cup board and the principles which underlie the World Championships of our great sport. I welcomed the good-faith inquiry of the Breeders' Cup Racing Committee and we transparently answered their requests, through documentation and in-person meetings. I invite any pre-race scrutiny and testing for my Breeders' Cup entrants. I compliment the horsemen on the Breeders' Cup board that selflessly provided their time, diligence and integrity in reviewing the true facts and not acting on a false rush to judgment.”

The Breeders' Cup announced in mid-September it had begun a review process into Baffert's participation in this year's championship races with Medina Spirit the most high-profile of the trainer's five drug positives in a one-year period. Churchill Downs issued Baffert a two-year suspension, while the New York Racing Association has faced legal challenges to a similar ban, possibly complicating any actions the Breeders' Cup board might have considered (The Week in Review: Baffert Should be Allowed to Run in Breeders' Cup).

Breeders' Cup President and CEO Drew Fleming responded to a request for comment via email, saying, “The thoroughbred industry is a small one and Breeders' Cup is an industry board. While there are instances of professional and personal overlap due to the nature and size of our industry, every Breeders' Cup Director takes his or her fiduciary obligations to the Breeders' Cup seriously. I have no doubt that they acted solely in the best interest of the organization when reviewing this matter. Beyond that, we do not publicly disclose the specifics of board deliberations or votes.”

The post Breeders’ Cup to Require Extra Scrutiny of Baffert Horses appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Baffert’s Hearing on NYRA Exclusion Gets Pushed Into ’22

A Jan. 24, 2022, start date for the hearing process to determine whether the New York Racing Association (NYRA) can exclude trainer Bob Baffert from racing at its three tracks was mutually agreed upon by the two parties during a Monday videoconference.

A NYRA spokesperson confirmed to TDN that the schedule was established during the Oct. 11 conference by hearing officer O. Peter Sherwood.

Baffert must answer to a three-count complaint filed against him by NYRA in the form of a “statement of charges.” Those three counts correspond to Baffert's alleged conduct that is or has been “detrimental” to three entities: 1) “the best interests of racing”; 2) “the health and safety of horses and jockeys”; 3) “NYRA business operations.”

NYRA is already defending itself in a federal lawsuit initiated by the Hall of Fame trainer with the well-publicized history of equine drug positives over whether or not NYRA violated Baffert's constitutional rights by trying to ban him outright without any type of hearing back on May 17.

On July 14, the United States District Court (Eastern District of New York) granted Baffert a preliminary injunction that allowed him to race at New York's top-tier tracks pending the resolution of his overall case.

While that ruling allowed Baffert to start horses at Saratoga Race Course, Belmont Park and Aqueduct Racetrack, NYRA additionally took the judge's order to mean the association could move forward with drafting a new set of procedures for holding hearings that could suspend licensees who engage in injurious conduct.

After those rules were made public, NYRA, on Sept. 10, wrote a letter summoning Baffert to appear at just such a hearing, presenting him with the statement of charges.

On Sept. 22, Baffert filed a motion asking a federal judge to hold NYRA in civil contempt for trying to schedule any sort of hearing that could once again bar him from participating at NYRA's tracks. He claimed NYRA's move to initiate that sort of hearing was in violation of the preliminary injunction.

But on Oct. 5, a federal judge dismissed Baffert's “contempt” allegations, underscoring that NYRA could, in fact, move forward with its newly created hearing process because it was entirely separate from NYRA's original May 17 attempt at banishing Baffert.

The post Baffert’s Hearing on NYRA Exclusion Gets Pushed Into ’22 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

The Week in Review: Letruska Belongs in the Classic

Minutes after another easy win by Letruska (Super Saver), this time in the GI Juddmonte Spinster S. Sunday at Keeneland, trainer Fausto Gutierrez told reporters that the GI Breeders' Cup Distaff, and not the GI Breeders' Cup Classic, would be next for his 5-year-old mare. That was hardly a surprise. Gutierrez and German Larrea, the Mexican billionaire businessman who owns the horse, are looking to play it safe. Letruska is simply better than every other filly and mare in the sport and shouldn't have any problem winning the Distaff. The Distaff is an easier assignment than the Classic. Perhaps much easier.

That's racing in 2021. Don't take a chance. Don't test your horse. Always go for the softest spot.

The problem is that she has nothing to gain by winning the Distaff. That is, outside of the purse money, which can't possibly matter to Larrea. She's already clinched the older filly and mare championship and there's nothing that can happen in the race to embellish her reputation. She's 6-for-7 on the year while racing exclusively against fillies with four Grade I wins and has traveled all over the country. For her, the Distaff is pretty much just another race.

She deserves a chance to prove her greatness and that can only happen with a start in the Classic. Win the Distaff and she's just another very good filly. Win the Classic and she can be mentioned in the same breath as a Rachel Alexandra or a Zenyatta.

It may also be her only real chance of becoming Horse of the Year. Should any of the top three or four horses in the Classic go on to win, they will be named Horse of the Year. For Letruska to win the title, she would need to win the Distaff and have an outsider win the Classic.

This year's Classic is loaded. Knicks Go (Paynter), Essential Quality (Tapit), Hot Rod Charlie (Oxbow), Medina Spirit (Protonico), Art Collector (Bernardini), Max Player (Honor Code) and Maxfield (Street Sense) headline one of the deepest fields ever assembled for the race. There's also the matter of Letruska's running style. She is a front-runner, which means she'd either have to alter her style in the Classic or go to the lead and risk getting into a suicidal early duel with Knicks Go.

No one is saying this would be easy. As talented as Letruska is she simply may not be good enough to beat the very best males. But the potential rewards outweigh the risks and this terrific mare deserves every opportunity to truly show what she is made of. Is Letruska a great horse? Is she among the best fillies of her era? Give her the chance to answer that question.

Win and You're Not In

The “Win and You're In” program leading up to the Breeders' Cup has been a success. Not only are the races important preps for the Breeders' Cup, but several top trainers have said they gravitate toward these races because a win in one of these races cuts way down on the expenses normally involved with getting a horse into a Breeders' Cup race. Win one of the “Breeders' Cup Challenge” races and pre-entry and entry fees are paid and any horse based outside of the home state for that year's Breeders' Cup will have its travel expenses paid.

Most of the races that are part of the program make perfect sense. Obviously, races like the GI Runhappy Travers S., the GI TVG Pacific Classic, the GI Champagne S., etc. belong. But there are some notable races missing from the series.

Saturday's GII Vosburgh S. at Belmont, which attracted just four starters, is a Win and You're In race. But on the same day, the GI Joe Hirsch Turf Classic S. is not. The Sept. 18 Jockey Club Derby Invitational, for 3-year-olds on the grass, qualifies but the Jockey Club Oaks Invitational, run the same day for 3-year-old turf fillies, does not. The other notable omission is the Grade I races at Parx. The GI Pennsylvania Derby has become a very important race, but is not a Win and You're In. Neither is the GI Cotillion S. for 3-year-old fillies. Both deserve to be included.

Lugo Deserved More Than 30 Days

It was announced last week that jockey Carlos Lugo was suspended 30 days by the Gulfstream stewards for failing to persevere when riding Princess Tereska in the fourth race on Oct. 3.

The race was won by Princess Tereska's stablemate Rubysa (Gone Astray), who was hammered down from 15-1 in the morning line to 5-2. Though a $12,500 maiden claiming race, the six-furlong event handled more than any other race on the card. Both horses are trained by Juan Reveriego.

That the Gulfstream stewards took action against Lugo is commendable. A lot of tracks would have just looked the other way. But, under the circumstances, 30 days doesn't seem like enough. And what about Reveriego? If there was a betting coup and he was in on any part of it, he would certainly seem to deserve some sort of stiff penalty.

Runco, Bocachica on a Roll at Charles Town

Though the West Virginia Breeders' Classic card at Charles Town was overshadowed by the many preps run the same day for the Breeders' Cup, it featured one of the standout training and riding feats on the year.

Trainer Jeff Runco won seven races on the nine-race card, all of them stakes. The list includes a win by Muad'dib (Fiber Sonde) in the $300,000 West Virginia Breeders' Classic S. The 4-year-old is 8-for-8 lifetime.

And Runco's regular rider, Arnaldo Bocachica won eight races, a Charles Town record. Bocachica finished fourth in the third race aboard Aaron's Tap (Northern Afleet) for his only loss on the night. It was also a big night for owner David Raim, who had five winners.

Runco is largely unknown outside of West Virginia, but his numbers are noteworthy. He has 4,494 career wins from 20,992 starters, 12th best among all trainers.

Medina Spirit and the Eclipse Awards

If a horse were to win the GI Kentucky Derby, the Shared Belief S, the GI Awesome Again S. and the Breeders' Cup Classic would that be enough to be named Horse of the Year or, perhaps, 3-year-old champion? Normally, the answer would be yes. Four horses have won the Kentucky Derby and the Classic in the same year and three (Authentic, American Pharoah and Sunday Silence) were named Horse of the Year and 3-year-old champion. The fourth, Unbridled, was named 3-year-old champion, but lost out on Horse of the Year to Criminal Type.

So what should voters do with Medina Spirit in the case that he wins the Classic? The way things are dragging along with his betamethasone positive from the Derby, it's entirely possible that the matter will be unresolved by the time voters must make their choices for the Eclipse Awards. That would mean that, technically, Medina Spirit would still be the winner of this year's Derby.

Would that mean he should be given credit for winning the Derby, at least until the matter is resolved? Most voters will likely assume that he will eventually be disqualified from the Derby and vote for someone else. But a case could be made that Medina Spirit would at least deserve serious consideration for year-end honors.

The post The Week in Review: Letruska Belongs in the Classic appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post