Churchill and McIngvale Partner on KY Derby Foster Family Initiative

Churchill Downs Racetrack has partnered with Jim “Mattress Mack” McIngvale on the Kentucky Derby Foster Family Initiative, which will welcome nearly 300 representatives from Kentucky's Foster Care sector as guests to the Kentucky Derby. McIngvale was inspired by his recently-adopted grandson, Brodie, in June 2019.

Churchill Downs will be working with long-time charitable partners Maryhurst and Boys & Girls Haven to identify foster parents, alumni and social service workers and staff in the industry to host for the Derby.

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Largest Derby Wager Ever? Mattress Mack Plans To Bet At Least $2 Million On Essential Quality

James McIngvale, owner of Gallery Furniture Stores, has launched a company promotion titled: “Kentucky Derby Fave Wins, You Win,” in which customers purchasing a mattress valued at over $3,000 will get their money back if Essential Quality wins Saturday's Run For the Roses at Churchill Downs.

To cover his liability for the promotion, “Mattress Mack” told the Thoroughbred Daily News he plans to make at least a $2 million wager on Essential Quality to win the Kentucky Derby, and could bet as much as $4 million.

“In this day and age of Amazon, we bricks and mortar guys have to do something to be different, something to stand out,” McIngvale told the TDN. “When it gets closer to the race I will figure out how many mattresses we have sold, add up the total, and then I'll figure out how much to bet on the favorite to win the Kentucky Derby. It's going to be great for the other people too because it will make the other 19 horses a better value than they would be if I hadn't made a big bet.”

The TDN reports that the 2019 Kentucky Derby win pool (the last time the race was run on the first Saturday in May) had $41.8 million bet into it. A $2 million wager would account for approximately five percent of that pool, certainly lowering the odds on the favorite. For example, that year's 4-1 favorite, Improbable, had $6.9 million wagered on him to win.

Read more at the Thoroughbred Daily News.

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McIngvale to Make Largest Bet in Derby History

Owner Jim “Mattress Mack” McIngvale is planning to bet at least $2 million to win on Essential Quality (Tapit) in Saturday's GI Kentucky Derby as a hedge to cover the costs of a furniture promotion underway at his Gallery Furniture stores. It is believed that McIngvale's bet will be the largest ever placed on the Derby or any U.S. horse race.

McIngvale has already launched the “Kentucky Derby Fave Wins, You Win” promotion. Anyone buying a mattress that costs $3,000 or more will receive a 100% refund if the favorite wins the race. Costumers will also have the option of receiving a store credit of 150% of the price paid for the mattress. McIngvale won't know until Saturday exactly how many mattresses his stores will have sold in relation to the promotion but says it will likely be around “a couple thousand.”

Once he has determined how many mattresses have been sold, McIngvale will bet enough on Essential Quality to cover the losses incurred by the promotion. He says he will bet at least $2 million and could bet as much as $4 million.

“The favorite has won the Derby six out of the last seven times and if that happens this year the people who bought the mattresses will get 100% of their money back,” he said. “We have gotten a lot of response so far and expect a lot more response over the next five days.”

It is expected that Essential Quality will go off at about 5-2. At that price, a $2-million win bet will return a profit of

$5 million, which will pay for an awful lot of mattresses.

“In this day and age of Amazon, we bricks and mortar guys have to do something to be different, something to stand out,” he said.

In 2019, the last time the race was run on the first Saturday in May, there was $41.8 million in the win pool. A $2-million bet would account for about 5% of the pool, more than enough to lower the odds on Essential Quality. The race favorite that year, Improbable (City Zip), had $6.9 million wagered on him to win. He went off at 4-1.

“I'm going to wire the money into Churchill, probably on Thursday,” McIngvale said. “When it gets closer to the race I will figure out how many mattresses we have sold, add up the total, and then I'll figure out how much to bet on the favorite to win the Kentucky Derby. It's going to be great for the other people too because it will make the other 19 horses a better value than they would be if I hadn't made a big bet.

“I'm better off if the horse wins, by a 10-1 margin because people will tell all their friends about this and the word of mouth publicity if he wins will be off the charts. The good thing about horse racing is you can bet as much as you want to because it is pari-mutuel wagering and the Derby is a race with huge handle.”

McIngvale is confident Essential Quality can get the job done.

“He's won all his races, was the champion 2-year-old and is by Tapit, the best sire in the country,” McIngvale said. “So you have to like the horse. There's nothing not to like about him.”

McIngvale is used to making huge wagers, many of which he ties in with store promotions. He made a huge, losing bet on the Houston Astros to win the 2019 World Series. Earlier this year, he successfully bet $3.5 million on the Tampa Bay Buccaneers to cover the spread in the Super Bowl. Does he still get nervous when betting that much?

“I'm more nervous watching one of my horses run in a $10,000 claimer,” he said. “I don't get nervous doing this. To me, it's fun and exciting and it's exciting for the customers.”

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The Week in Review: Charlatan Ran a Huge Race in Saudi Arabia

He did not win Saturday over in Saudi Arabia, but Charlatan (Speightstown) proved that he is undoubtedly the best dirt horse in America. That's how well he ran in his one-length defeat to Mishriff (Ire) (Make Believe {GB}) in the $20-million race.

It was by no means a surprise that Charlatan and Knicks Go (Paynter) got caught up in a speed duel. Both are talented horses with abundant early speed and jockeys Joel Rosario (Knicks Go) and Mike Smith (Charlatan) rode aggressively, perhaps because neither rider wanted to see their rival get off to an uncontested lead in what many assumed was a two-horse race.

No official fractional times for the race are available, only a final time of 1:49.59 for the mile-and-an-eighth. But a hand timing of the race using video timing revealed that the six furlongs went in 1:10.7. Considering that there was no run up to the race, the six-furlong time would be more like 1:09 and change for a comparable race run in the U.S.

That means that Charlatan dueled with Knicks Go through a very fast three-quarters, while Mishriff got the perfect trip, stalking the two leaders from third. And he did so on a track that may have been biased toward outside closers. Speed didn't hold up in any of the dirt races Saturday and all of the winners were well off the rail in the stretch.

Knicks Go, a very good horse, couldn't handle the pressure. He was done on the turn and wound up finishing fourth, beaten 8 1/2 lengths. Not so for Charlatan. He was still battling Mishriff with 100 meters to go in the race and didn't let the other horse get by him until a few jumps before the wire. The pace was fast, Charlatan never got a breather and then he was caught by a horse who had a perfect trip while racing on the best part of the track. This may have been his best race.

“He ran a big race,” trainer Bob Baffert said Sunday morning. “He put away Knicks Go, just ran him down, turned in a gallant effort and it's too bad he got beat. That's a demanding track. The stretch is so long, and he ran hard. It was an exciting race and I would have loved to have won it, but I was afraid of a speed duel between him and Knicks Go. They locked horns after a half-mile and really picked it up the second quarter. But the way he ran, it shows what a brilliant horse he is. He put away a really good horse [in Knicks Go].”

Charlatan's Saudi Cup performance was reminiscent of the 1978 GI Jockey Club Gold Cup, in which Seattle Slew lost after a heroic effort. He dueled with Affirmed and Life's Hope through fractions of 22.60, 45.20 and 1:09.40. The pace finished Affirmed, whose saddle slipped, and Life's Hope, but not Slew. Meanwhile, Exceller had a perfect off-the-pace trip, but Seattle Slew never gave up and lost by just a nose.

That's not to say that Charlatan is another Seattle Slew. He needs to do a lot more before he can be compared to one of the sport's all-time greats. But his effort in the Saudi Cup was nothing short of terrific.

Maximum Security: The Check Is Not in the Mail

Prince Bandar Bin Khalid Al Faisal, the chairman of the Jockey Club of Saudi Arabia, told the audience for the Saudi Cup that he hoped there might be a resolution on the Maximum Security (New Year's Day) case shortly. Because of the indictment of his trainer Jason Servis and the ongoing investigation, owners Gary and Mary West and Coolmore have not received the $10 million that goes to the winner.

Prince Bandar said that he had been informed that a decision on Servis would come in about six weeks. It was an odd position to take since the case figures to wind through the system for months to come and even the U.S. Jockey Club has received no information concerning a rapid resolution to the case. It seems highly unlikely that the Servis matter will conclude any time soon or that the Saudi authorities would have inside information related to when there will be a decision.

The Prince has said that if U.S. authorities determine that Maximum Security raced on performance-enhancing drugs within six months of the 2020 Saudi Cup he will be disqualified. The FBI's investigation into the alleged doping of horses and the subsequent indictments include evidence that Maximum Security did receive SGF-1000 under Servis's care, administered in the hope of performance enhancement.

Jockey Club Gold Cup Is On the Move

As strange as it will seem to have the GI Jockey Club Gold Cup, first run in 1919, held at Saratoga, NYRA might have saved the race by moving it upstate.

The Gold Cup had been run four weeks before the Breeders' Cup Classic, which, until a few years ago, was not a problem. But with trainers more and more determined to space out their horses' races leading up to the Breeders' Cup, the Gold Cup was suffering, failing to attract a quality field over the last few years. It had gotten to the point where the Gold Cup was in jeopardy of losing its Grade I status.

It will now be run eight weeks before the Classic, which should restore it as a major prep for the Breeders' Cup.

NYRA has yet to announce the stakes schedule for the fall meet at Belmont, but it appears that the GI Woodward S., run at Saratoga since 2006, will move into the Gold Cup's old spot on the calendar. That could mean that race will struggle to get top horses. By switching the two races around, NYRA chose to protect the Gold Cup over the Woodward. Considering the history of the race, it's the right call.

Mattress Mack Deserves to be Honored

That Jim McIngvale has opened up his store to those seeking shelter, heat and food in the aftermath of the storms in Houston doesn't really have anything to do with horse racing. But that doesn't mean that the horse racing industry shouldn't honor him. Mattress Mack has repeatedly gone above and beyond when it comes to helping out the people of his favorite city, Houston.

The Eclipse Award of Merit is given to someone who has displayed outstanding lifetime achievement in, and service to, the Thoroughbred industry. That should include people whose work outside of the sport has been exemplary, shining a positive light on racing. That's exactly what Mack has done. There should be an Eclipse Award out there with his name on it.

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