The Week In Review: Opposites Attracting Attention

Saturday's two 100-point preps for the GI Kentucky Derby yielded a pair of colts who are polar opposites in many ways. Yet the stock is on the rise for both Two Phil's (Hard Spun) and Kingsbarns (Uncle Mo), as their respective scores in the GIII Jeff Ruby Steaks and GII Louisiana Derby are attracting attention while stamping both as legitimate mid-tier threats on the Triple Crown totem pole.

Two Phil's ($150,000 KEESEP) has appeal as a 4-for-8 blue-collar closer/stalker whose strengths are versatility and adaptability. He's won sprinting and routing over fast dirt, the Churchill Downs slop, and now the Tapeta surface at Turfway, where he uncorked an eye-opening 101 Beyer Speed Figure. His racing resume includes wins well off the traditional Derby path at tracks like Colonial and Canterbury, and he'll train up to the first Saturday in May at Hawthorne for connections (jockey Jareth Loveberry, trainer Larry Rivelli, and co-owners Patricia's Hope LLC and Phillip Sagan) who have no Derby experience among them.

The far pricier Kingsbarns ($250,000 FTSAUG; $800,000 FTFMAR) is evolving into a businesslike front-running force who's never lost in three starts for connections (jockey Flavien Prat, trainer Todd Pletcher and owner Spendthrift Farm) who have ample experience at racing's elite events. To illustrate how deep Pletcher's sophomore stable is this season, the undefeated Kingsbarns isn't even considered the Hall-of-Fame conditioner's top chance at a third Derby win–the colt is currently pegged third-best, behind 'TDN Rising Stars' Forte (Violence) and Tapit Trice (Tapit).

Underdog allure…

If you parse the past-performance block of Two Phil's, he's only run two races that are off-the-board toss outs, and he had credible excuses for both.

He checked out of contention in his June 23 debut at five furlongs. Then, after roughing up the competition in Virginia and Minnesota, he took a 68-1 dive into the deep end of the Grade I pool, finishing seventh in the key-race Breeders' Futurity S. at Keeneland Oct. 8 behind eventual divisional champ Forte. But he got pinballed at the break in that race, then was crowded and bore out on the first turn before settling well and putting together a better-than-it-looks middle move that he sustained into upper stretch.

Disregarding the severity of that troubled trip, bettors let Two Phil's go off at 7-1 in the GIII Street Sense S. at Churchill, and he won going away by 5 1/4 lengths over a sealed track. He initially earned a 75 Beyer for that effort, but that number has subsequently been upgraded to a 79.

After starting his 2023 campaign with a second in the GII Lecomte S. and a third in the GII Risen Star S., Rivelli opted to try Two Phil's over Tapeta, based in part on a dynamite two-minute lick the colt once unleashed when training over a synthetic track. It was an experiment that the trainer said pre-race he would take the blame for if Two Phil's “absolutely hates the surface” under race conditions. But Rivelli also noted the Jeff Ruby seemed like “the easiest spot for the money” (not to mention its coveted qualifying points for the Derby).

Loveberry, who has been aboard Two Phil's for every start except the colt's debut, nearly missed the mount at Turfway because he suffered a hairline fracture to his fibula in a gate accident Mar. 2 at Fair Grounds. Yet he returned to action two weeks later and was able to retain the ride on Saturday.

Hard Spun, the sire of Two Phil's, won the version of Turfway's premier stakes in 2007 when the race was known as the GII Lane's End S. and run over Polytrack. That win propelled him to 2-3-4 finishes in the three Triple Crown races and a second-place try later that season in the GI Breeders' Cup Classic. Through that campaign, which came against a fairly deep crop, Hard Spun-like Two Phil's is aspiring to now-became known as a reliable, determined runner who could handle any type of distance or surface he was tasked with.

Off as the 2.8-1 second choice in the Jeff Ruby, Two Phil's broke alertly and immediately responded to a snug rating hold by Loveberry. The colt cornered three wide into the first bend, was content to be parked outside while sixth down the backstretch, then took the overland route four deep through the far turn, shadowing the move of the 1.7-1 fave Major Dude (Bolt d'Oro), a Pletcher trainee.

The two chalks accosted the pacemaker at the head of the homestretch, then the outermost Two Phil's made short work of wresting command from Major Dude. No one else was firing down the lane, and Two Phil's churned for the wire largely under his own power, stopping the timer at 1:49.03 for the nine furlongs.

Two Phil's | Coady

Meanwhile, In New Orleans…

Some 800 miles south and 25 minutes later, Kingsbarns stepped into the Fair Grounds starting gate for the Louisiana Derby as the 9-2 second choice. Bettors were chipping away at his 6-1 morning-line price because Kingsbarns projected to control the tempo, and after leading at every call through very moderate fractions (:24.71, 49.50, 1:14.69, 1:39.13) and light pressure from the competition, Prat said post-win that he knew dictating the pace would be his best shot.

“We thought there was not a whole lot of speed in the race,” Prat said. “[Pletcher] told me that the horse was pretty straightforward, and if we ended up on the lead he was fine with that. He jumped well, I was able to get myself into a comfortable spot, and from there he did the job.”

Kingsbarns got a 95 Beyer. His final time of 1:57.33 for the 1 3/16 miles, though, rates as the slowest clocking in four years since the Louisiana Derby got elongated from nine furlongs. In fact, the time was nearly a full second off the previous slowest clocking of 1:56.47.

In addition, the Fair Grounds main track was decidedly speed-favoring on Saturday. Of 11 dirt races, four were won in wire-to-wire fashion, six by pressers just off the lead, and just one by a midpack stalker. Deep closers got shut out.

Still, the prospect of an undefeated colt aiming for the first Saturday in May always creates some buzz-even if the historical hurdle is high.

From 1900 to the present, nine horses have attempted the Derby with exactly 3-for-3 records. Justify (2018), Big Brown (2008) and the filly Regret (1915) were the only ones to sail home triumphantly under the twin spires at 4-for-4.

Curlin, third in 2007, was the only other one to hit the board in the Derby. The others who tried but ran out of the money were Helium and Rock Your World (both in 2021), Materiality (2015), Showing Up (2006), and Thunderer–a full brother to Regret–in 1916.

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Kiaran McLaughlin Joins TDN Writers’ Room Podcast

It's been a memorable few months for trainer-turned-jockey-agent Kiaran McLaughlin. He's been nominated to the Hall of Fame for the first time and, as the agent for Luis Saez, has his client lined up with many of the top horses in the sport, including top candidates for the GI Kentucky Derby in Tapit Trice (Tapit) and Instant Coffee (Bolt d'Oro). With plenty to talk about, McLaughlin joined this week's TDN Writers' Room podcast presented by Keeneland. McLaughlin was this week's Green Group Guest of the Week.

McLaughlin was asked his opinion of Tapit Trice's win in the GII Tampa Bay Derby, which has not necessarily drawn rave reviews.

“I want to hope that he gets out of the gate a little better next time,” he said. “He was slow to break and was last, but he stayed out of trouble. I never thought he was going to win until the sixteenth pole. But he's got a beautiful stride and a great mind for a Tapit. Luis likes him a lot.”

A Derby win would be Saez's first. He crossed the finish line in front in 2019 aboard Maximum Security (New Year's Day), but was disqualified for interference. Has that experience made Saez even hungrier to win a Derby?

“That was a tough one,” said McLaughlin, who was not Saez's agent at the time. “He handled it great. He doesn't bring it up. He does not want to look back on it. He's always looking to the next Saturday and the Saturday after that. But everybody in the industry wants to win the Kentucky Derby. And for him, I'm sure that he wants to win it even more since he lost it in a disqualification.”

In order to ride Tapit Trice, McLaughlin had to take off the Wayne Lukas-trained GI Kentucky Oaks winner Secret Oath (Arrogate), who won the GII Azeri S. at Oaklawn in her 4-year-old debut. McLaughlin said the decision was all about sticking with a top horse for the Kentucky Derby. Tyler Gaffalione rode Secret Oath.

“We also had to take off Frank's Rockette (Into Mischief), who won the (GIII) Hurricane Bertie at Gulfstream,” McLaughlin said. “So we lost two very nice fillies. But at Derby time, you're always trying to get to the Kentucky Derby. Wayne was hard on me when I first called him and told him that we were not going to be out there on her. He said, 'You're riding the second best one for Todd (Pletcher). What are you thinking?' I said, 'You're probably right.' He got after me a little bit thinking I was making the wrong decision. I was happy that he won and we won.”

Elsewhere on the podcast, which is also sponsored by Coolmore, the Pennsylvania Horse Breeders Association, Woodford Thoroughbreds, The Kentucky Thoroughbred Association, XBTV, 1/st Racing, WinStar Farm, Lane's End and West Point Thoroughbreds, Randy Moss, Zoe Cadman and Bill Finley took a look back at the win in the Tampa Bay Derby by Tapit Trice and the victory by Secret Oath in the Azeri, which the group deemed the most impressive performance of the week. The ever versatile Moss and Cadman also covered what has been a memorable Cheltenham Festival in the U.K. and raved about the wins by Honeysuckle (GB) (Sulamani {Ire}) and Constitution Hill (GB) (Blue Bresil {Fr}). In other news, the group covered the story of the alarming dip in handle that has been on-going since October and tried to figure out what is going on. A possible answer may be the level of play from the Computer Robotic Wagering players, who, by some estimates, now account for 33% of the total handle in the U.S. The trials and tribulations of former owner Ron Paolucci also made the podcast. Paolucci faces up to eight years in prison after pleading guilty to two counts of tax fraud and tax evasion.

Click for the Writers' Room Podcast's Audio or Video.

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Forte Made 3-1 Favorite In KDFW Pool Five

Eclipse Award winner Forte (Violence), impressive 4 1/2-length winner of the GII Fountain of Youth S. in his 3-year-old debut Mar. 4, closed as the 3-1 favorite ($8.76 will pay) in the fifth pool of the Kentucky Derby Future Wager, with Saturday's GIII Lambholm South Tampa Bay Derby hero and 'TDN Rising Star' Tapit Trice (Tapit) the distance second choice at 8-1 ($18.32).

The 'All Other 3-Year-Olds', encompassing any horse not listed among the individual betting interests, closed as the 10-1 ($22.08) third pick, while others to close at 30-1 or lower included GII San Felipe S. hero Practical Move (Practical Joke, 12-1, $27.04); Instant Coffee (Bolt d'Oro, 19-1, $40.04); Red Route One (Gun Runner, 24-1, $50.46); Reincarnate (Good Magic, 24-1, $51.18); GIII Withers S. winner Hit Show (Candy Ride {Arg}, 28-1, $59.22); Geaux Rocket Ride (Candy Ride {Arg}, 30-1, $62.92); and GII Rebel S. upsetter Confidence Game (Candy Ride {Arg}, 30-1, $63.98).

In the lone Kentucky Oaks Future Wager, which was conducted concurrently with the KDFW, GIII Honeybee S. winner Wet Paint (Blame) closed as the 4-1 ($10.66) favorite over champion filly Wonder Wheel (Into Mischief), who was 6-1 ($15.70). Hoosier Philly (Into Mischief) was the 7-1 ($16.92) third choice.

Betting on all future wagers over the three-day period was $479,559. Total handle for the March 10-12 KDFW pool–the fifth of six wagering pools in advance of the 1 1/4-mile GI Kentucky Derby–was $341,638 ($250,906 in the win pool and $90,732 in exactas). Betting on the Oaks Future Wager totaled $70,209 ($53,340 in the win pool and $70,209 in exactas). The Oaks/Derby Future Double, which requires fans to correctly select the winners of both the $1.25-million GI Longines Kentucky Oaks May 5 and the next day's Kentucky Derby, handled $67,712.

The year's sixth and final Kentucky Derby Future Wager pool is set for Thursday, Mar. 30 through Saturday, Apr. 1. Different from the first five pools of the KDFW, the sixth and final pool will close prior to the first Road to the Kentucky Derby Championship Series race on Apr. 1.

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The Week in Review: Handle Falls Sharply Again in February… What’s Going On?

Figures released last week by Equibase showed that U.S. handle declined by 5.21% in February. This comes after handle declined by 7.19% in January. For the year, that's a drop off of 6.22% and, if those numbers hold up throughout the year, total handle will be off by $750 million and the year-over-year percentage decline will be the worst the sport has suffered since 2010.

And it's not just that racing has gotten off to a slow, reversible start this year when it comes to wagering. Whatever is going on, it started in October. Handle was up 2.68% in September and up 1.78% through the third quarter of 2022. Then the numbers took off in another direction and they haven't stopped falling since. Handle was off 4.93% in October, 4.47% in November and 7.52% in December.

Taking a look at the usual factors that affect handle doesn't yield any obvious answers. The average field size so far this year has been 7.66 horses per race, almost identical to the 2022 number, which was 7.67. The total number of races run has actually gone up, from 4,345 to 4,508. But the average amount wagered per racing day is off 8.35%.

This is a mystery not easily solved, but the best guess is that it has something to do with the amount being bet by the Computer Assisted Wagering (CAW) players who received huge rebates from betting outlets like Elite Turf Club, which caters to the biggest bettors in the world. Had something happened to impact the amount they wager that would explain the recent declines?

Maury Wolff, who was a professional horseplayer before retiring and studies betting trends, speculated that some tracks may have raised the host fees they charge Elite and other ADWs. The signal fee is the percentage of every dollar of handle that an ADW or simulcast outlet must pay the host track for the right to wager on that track's races. If host fees go up, the rebates the ADW can offer its players will likely have to drop. A smaller rebate would lead to a CAW player betting less. Information on how much is bet at places like Elite and how much they pay in host fees is a carefully guarded secret.

“There is a possible explanation, but you'll never get to the bottom of it,” Wolff said. “What are racetracks doing when it comes to signal fees? An unreal amount of the total amount bet is driven by Elite and if there have been changes to signal fees, that would reduce handle at Elite. Have signal fees gone up to the shops, and when you are talking about the shops you are talking about Elite? I would be very suspicious of that. They are so much the driver now. Anything that affects them is going to be an earthquake to the business. That strikes me as a possibility.”

But Wolff admitted that his theory amounts to only an educated guess.

“But these are suspicions and suspicions are not facts,” he said.

What's the answer? We're not sure. Neither were a handful of other experts I consulted. But this is something to keep an eye on. One of the good news stories in racing over the last few years is that handle has more than held its own and done so despite the advent of legalized sports betting outside of Nevada. Handle was up by 11.8% in 2021 and, despite the decline over the last three months, down less than 1% in 2022. It looks like that's not going to be the case in 2023, which is off to an inauspicious start.

Why You Should Bet on Hawthorne

It's not easy being Hawthorne Race Course. Though a casino is on its way, as of now, they get no additional funding from slots, etc., and offer purses that are far lower than those found at the top-tier tracks. Because they are obligated to run a harness meet, Hawthorne can offer only a 68-day Thoroughbred meet that ends Sept. 3. Illinois racing misses Arlington Park.

But you can't say that Hawthorne isn't trying. Hoping to attract more business at the current meet, which began Mar. 5, the takeout on win, place and show bets has been slashed to 12%. When it comes to straight wagers, there's no better deal in the sport.

“You have to be aggressive with takeout sometimes,” said Hawthorne Racing Analyst Jim Miller. “Minor drops are always welcome, but we wanted to be really aggressive. Our takeout in the past on these wagers was 17%, so to drop five percentage points to 12% is very significant. We wanted to make a splash and we want to put out a product that people will want to bet on. We want people to focus on our races. We know handle will have to increase to cover what we are losing in commissions with the lower takeout, but in first couple of days of racing we have seen that handle has increased and we are hopeful we will have a very good year.”

Hawthorne is also thinking out of the box when it comes to its racing schedule. They will not race on Saturdays in March, April or May, going with a two-day week that includes racing only on Thursdays and Sundays.

“What we're doing is smart,” Miller said. “Here's a great example. Normally, our opening day would have been last Saturday. That happened to be the same day that you had three major racetracks with Derby preps and three or four other stakes on the card. These are great circuits that people want to watch. You want to see what's going on at Aqueduct, Gulfstream, Santa Anita. We knew that if we threw our card out on that day, we wouldn't handle anymore than $600,000. By shifting that card to Thursday, we handled $1.2 million and that's because there's not as much competition and there is more exposure. We want to put our product out there where the gamblers can see it and see all that we have to offer and see that we are offering a 12% takeout on win, place and show wagers.”

For good reason, horseplayers love to complain about how high the takeout is in racing. The best way to fight back is to support tracks like Hawthorne when they go out of their way to offer the customer a better deal.

Tapit Trice Did Just Fine in the Tampa Bay Derby

Perhaps you were expecting Tapit Trice (Tapit) to win the GII Tampa Bay Derby in a cakewalk. The expectations were high for the grey 3-year-old and they should have been. By Tapit, trained by Todd Pletcher and a $1.3-million yearling purchase at Keeneland September, he forced his way into the conversation for the GI Kentucky Derby with an impressive eight-length win in an allowance race at Gulfstream. He was sent off at 1-2 in the Tampa Bay Derby for a reason, because he looked much better than everyone else on paper.

But nothing came easily for Tapit Trice in his two-length win. He was 11th of 12 down the backstretch and looked beaten when he was still ninth on the far turn and was being hard ridden by Luis Saez. But he kept grinding away and managed to draw clear in the final sixteenth. His Beyer figure, an 88, was nothing to get excited about.

Was his Tampa Bay Derby performance good enough to win the Derby? No. But that doesn't mean he can't win the Derby. At Tampa, he ran like a horse who is still figuring things out. There's one more race to go, the GI Toyota Blue Grass S., and eight weeks to go before he'll get into the starting gate for the Derby for the Hall of Famer Pletcher. Look for a better, more focused horse next time. He should be fine.

The weekend also included a big win by GI Kentucky Oaks winner Secret Oath (Arrogate) in the GII Azeri S. at Oaklawn. Beating a quality filly in Clairiere (Curlin) by 2 3/4 lengths, she couldn't have looked better. It was her first win since the Oaks.

Before the race, trainer Wayne Lukas said his goal for the year was to win an Eclipse Award with Secret Oath. With Nest (Curlin), last year's 3-year-old filly champion, back for another year, that won't be easy. But Secret Oath could not have gotten the year off to a better start.

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