OFFICIAL RULES FOR THE 2017 KENTUCKY DERBY BETTING CHAMPIONSHIP PRESENTED BY TWINSPIRES.COM
- PLAYER’S BANKROLL
The 2017 Kentucky Derby Betting Championship presented by TwinSpires.com (the “Tournament” or “KDBC”) is a “real money” handicapping contest. Players will be required to deposit $12,000, of which $8,000 will be the player’s bankroll for wagering during the Tournament. At the conclusion of the Tournament, any dollar amount remaining in the bankroll — whether it grows to $100,000 or falls to $100 — remains the property of the player.
A player may purchase and play up to two (2) entries in the KDBC.
- TO ENTER
Please register at http://kentuckyderbybettingchampionship.com/enter/
Tournament races will include ALL live races conducted at Churchill Downs Racetrack on Friday, May 5, 2017 through the Kentucky Derby (the “Derby”) – Race 12 – on Saturday, May 6, 2017. Again, Tournament races include all races conducted live at Churchill Downs Racetrack during the dates above, up to and including the Kentucky Derby. The Tournament will end on Saturday, May 6, 2017 with the Kentucky Derby, Race 12. Wager types permitted are Win, Place, Show, Exacta, Trifecta and Daily Double only. Daily Double wagers count toward the total wagers placed in the race that the Daily Double begins only (first leg). Players must comply with the minimum wagering requirements noted below. However, players may bet more than the minimum requirements, and may wager winnings from their original bankroll. A minimum of $600 must be bet per race, on a minimum of 5 different races held on Friday, May 5. Should a player fail to bet the required minimum number of races (5) at the minimum wager amount required ($600 on each race wagered) on Friday’s card, 1,000 points will be deducted from the player’s total score per missed race.
The following races and wagers are NOT available for KDBC play: The Oaks-Derby Double, the Daily Double starting with the Kentucky Derby or any race following the Kentucky Derby.
A minimum of $1,000 must be bet per race, on a minimum of 5 different races held on Saturday, May 6. Should a player fail to bet the required minimum number of races (5) or minimum per race bet total ($1,000 on each race wagered) on Saturday’s card, 2,000 points will be deducted from the player’s total score per missed race and any remaining balance will be returned to the player. No simulcast races may be wagered upon within the Tournament, other than those noted above. There are no caps on payouts. The player with the highest score (which is calculated by taking player’s total bankroll less any applied penalties) after the Derby on Saturday, May 6, is the Grand Prize winner.
- ESTIMATED PRIZES
Of the $12,000 buy-in, $4,000 will be placed in the prize pool. If 75 or more players enter the Tournament, the minimum total paid in cash and prizes will be $300,000 ($250,000 cash, plus five berths to the 2017 Breeders’ Cup Betting Challenge (BCBC). The unofficial prize pool based on 75 players:
|1st Place = $150,000 ($140,000 and entry to 2017 BCBC – a $10,000 value)|
|2nd Place = $90,000 ($80,000 and entry to the 2017 BCBC)|
|3rd Place = $40,000 ($30,000 and entry to the 2017 BCBC)|
|4th Place = Entry to the 2017 BCBC|
|5th Place = Entry to the 2017 BCBC|
BCBC berth includes full $10,000 buy in for the Breeders’ Cup Betting Challenge at Del Mar in November 2017.
- ON-TRACK OR ONLINE PLAY
Players may choose to play their entries on-track at Churchill Downs or online at TwinSpiresTournaments.com. Players choosing to play online must have a valid TwinSpires.com account in good standing and reside in a state where wagering services are available. Players choosing to participate on-track at Churchill Downs will be issued a player card to be used for all Tournament wagers and may not play online. Players choosing to play online may not play on-track with a player card and vice-versa. Players who choose to play two entries must play both entries on-track or online.
- ON-TRACK ADMISSION AND SEATING
Players choosing to play on-track at Churchill Downs will be provided complimentary admission and seating for one (1) in The Loft at Lounge at Aristides or another comparable location. KDBC admission includes seating at Churchill Downs on Friday, May 5 and Saturday, May 6, plus food and beverages. KDBC admission also includes admission to the TwinSpires VIP Party in The Mansion on Thursday, May 4. Admission and seating in the tournament area may also be purchased for guests at $725 per person. KDBC admission is limited to the first 60 players to qualify or purchase seats.
- PLAYER CARDS
Players choosing to play at Churchill Downs will be issued a player card to be used for all Tournament wagers. This account-wagering card contains the “real money” bankroll of $8,000. Upon receipt, participants should test the card in self-service machines to become familiar with placing wagers and ensure the card is working properly. If a player loses his/her card or the card is not working, the player is responsible for immediately reporting the issue to Tournament officials so they may resolve the problem. Players must make only KDBC Tournament wagers on this card.
- TWINSPIRES TOURNAMENTS ACCOUNTS
Players choosing to play online at TwinSpiresTournaments.com must have a valid TwinSpires.com wagering account in good standing and reside in a state where wagering services are available. Players who elect to play their KDBC entry online will be issued a separate wagering account with a “real money” bankroll of $8,000. Players will be issued a username and password to access their KDBC wagering account at TwinSpiresTournaments.com. Upon receipt of log in credentials, participants should log in to the TwinSpiresTournaments.com website to ensure they have access to the site and that their account balance is $8,000. If a player cannot access the TwinSpiresTournaments.com website or encounters any problems using the site, the player is responsible for immediately reporting the issue to tournament officials so they may resolve the problem. Players must make only KDBC Tournament wagers on the TwinSpiresTournaments.com website.
- PLACING WAGERS
All KDBC wagers may be placed through any self-service machines throughout Churchill Downs or online at TwinSpiresTournaments.com. Wagers will not be accepted through mutuel tellers at Churchill Downs but there are numerous self-betting machines located throughout the facility. There is no requirement for KDBC participants to play in the KDBC from a designated location at Churchill Downs. Players must place all wagers personally. No person shall directly or indirectly act as an intermediary, transmitter or agent in placing wagers for the player, unless authorized by Tournament officials in writing. No player shall make advance wagers with the intent to manipulate the leaderboard. All official track rulings will apply to wagers placed in the Tournament except as otherwise stipulated in writing. The Tournament will be based on the official placement and mutuel prices at Churchill Downs. If a player wagers on a track other than Churchill Downs for purposes of the contest, the player may be disqualified.
- IRS WITHHOLDING
If winnings less the wager exceed $5,000 and if the winnings are at least 300 times the amount of the wager, IRS withholding will automatically be deducted from the player’s card; however, for Tournament scoring purposes, the gross amount of the winning wager will be recorded in the player’s score. Please note for purposes of wagering in the Tournament, only the net amount (the amount received after the IRS withholding) will be available to the player.
If a horse is scratched after a wager is placed, it is the player’s responsibility to change his/her selection prior to the race subject to all other Tournament wagering rules. In the event a player is not able to change his/her selection due to a late scratch (within 10 minutes to post) which prohibits the player from wagering on the minimum number of races on Friday, May 5, 2017 or Saturday, May 6, 2017, the player will have the amount not wagered, up to the required per race, deducted from the player’s final Tournament score. However, this amount will not be deducted from the player’s personal bankroll. No penalties will be assessed on player wagers involving any horses ruled as non-starters by stewards.
In the event of a tie involving a cash prize or prizes, the cumulative value of the cash prize(s) to be awarded to the tied players will be divided equally among the tied players. In the event of a tie for the final BCBC or NHC berth to be awarded, the following tiebreakers will be used in order: (1) most money won in the Kentucky Derby, (2) most money won from all tournament wagers on Saturday, May 6.
- TOURNAMENT STANDINGS
Officials will endeavor to post the standings at TwinSpiresTournaments.com as well as email the standings to all KDBC participants at Churchill Downs after each race of the Tournament on Friday and Saturday, May 5 and 6, 2017. Issues related to IRS withholding, late scratches or other matters could delay the posting of the scores. All standings are unofficial until the final results are audited and posted. Players are encouraged to maintain an accurate record of their wagers and scoring.
- AGE INELIGIBILITY / DISCLOSURE
Players must be at least 18 years of age to participate in the Tournament. Players must be at least 21 years of age to participate in the 2017 NHC in Las Vegas. If a player will not be 21 years of age by the start of the 2017 NHC, the next highest KDBC finisher (alternate) will take his/her place. The following are ineligible to participate in this contest: licensed trainers or employees of Breeders’ Cup Limited, National Thoroughbred Racing Association, Churchill Downs, United Tote, or any of their subsidiaries, or members of their immediate families, including spouses, children, siblings and parents of any of the foregoing. If anyone has any ownership interest in any horses running in any of the applicable Tournament races then all involvements must be fully disclosed in advance to Tournament officials.
Liability for any and all federal, state, and local taxes is solely the responsibility of participants and prize winners.
Affidavits confirming compliance of all the rules of this Tournament will be required of all players. All prizewinners acknowledge that if they enter this Tournament under a fraudulent name and/or Social Security number, they will be immediately disqualified from this and all future Tournaments held by Churchill Downs. Positive identification is required of all prizewinners. Positive identification is a valid government issued ID with a picture and the same address and birth date used on the entry forms, and/or such other form of identification as deemed adequate by contest officials. Social Security information is also the responsibility of the player. Contestants shall play only one entry. Collusion of entries is prohibited, as is any attempt to manipulate the results of the tournament.
- JUDGING AND DISPUTES
The management of Churchill Downs and TwinSpires reserve the right to interpret all questions and conditions in regard to this tournament, without claim for damages or recourse of any kind. The management of Churchill Downs and TwinSpires will decide all questions and definitions covered and not covered explicitly in these rules and their decisions shall be final.
- QUALIFYING OPPORTUNITIES.
Players may qualify exclusively at TwinSpires.com or officially authorized qualifying sites only.
- Problem Gamblers Hotline