Structure of the Kentucky Derby Betting Championship
PLAYER’S BANKROLL
The 2018 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 remains the property of the player.
A player may purchase and play up to two (2) entries in the KDBC.
FORMAT
Tournament races will include ALL live races conducted at Churchill Downs Racetrack on Friday, May 3, 2019 through the Kentucky Derby (the “Derby”) – Race 12 – on Saturday, May 4, 2019. 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 4, 2019 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. 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.
Friday Wagering
A minimum of $500 must be bet per race, on a minimum of 4 different races OR a total of $3,000 must be wagered over the course of all races held on Friday, May 3. Should a player not meet either of the minimum requirements, that player is disqualified from all prize money. In the event of a disqualification, the bankroll remains the property of the player.
Saturday Wagering
A minimum of $500 must be bet per race, on a minimum of 4 different races AND a total of $8,000 or more must be wagered over the course of the two days in eligible contest races. Should a player not meet BOTH of the minimum requirements, that player is disqualified from all prize money. In the event of a disqualification, the bankroll remains the property of the player.
Contest wagers may only be made on races at Churchill Downs. All races on Friday, May 3rd and Races 1 – 12 (ending on the Derby) are eligible on Saturday, May 4th. There are no caps on payouts. The player with the highest total after the Derby on Saturday, May 4, is the Grand Prize winner.
ESTIMATED PRIZES
Of the $12,000 buy-in, $4,000 will be placed in the prize pool. Prize pool is based on 85 players entering the Tournament, the minimum total paid in cash and prizes will be $330,000 ($330,000 cash, plus seven berths to the 2019 Breeders’ Cup Betting Challenge (BCBC). The unofficial prize pool is based on 85 players, should more than 85 enter their $4,000 will be added to prize pool. Churchill Downs reserves the right to alter the prize pool should 85 players not participate, but all additional entry fees collected above 85 players will be added as cash on to Top 5 placings.
- 1st Place – $150,000 (includes 2019 entry into the BCBC)
- 2nd place – $90,000 (includes 2019 entry into the BCBC)
- 3rd Place – $40,000 (includes 2019 entry into the BCBC)
- 4th Place – Entry into the BCBC
- 5th Place – Entry into the BCBC
NEW THIS YEAR – There will be a $10,000 Cash Prize for the player with the highest Two Day Wagering total within the contest.
Additional Prizes:
- Day 1 Leader – Entry into the BCBC
- $5,000 in cash will be awarded to the leader of the contest after races 6 and 9 on Derby Day.
- $10,000 in cash will be awarded to the leader of the contest after race 11 on Derby Day.
- **BCBC berth includes full $10,000 buy in for the Breeders’ Cup Betting Challenge at Santa Anita in 2019.
MILLION DOLLAR BONUS – OPTION TO BUY
All players who finish in the TOP 5 of the KDBC will have the option to play for $1 Million in the BCBC. That player will have the option to purchase that right for $6,700 which would be deducted from his or her prize or bankroll at the completion of the event. This is predicated on the BCBC having at least 350 players in their event.
SCRATCHES
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 3, 2019 or Saturday, May 4, 2019, 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.
TIES
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 4.
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.
Collusion
Collusion among players shall be grounds for immediate disqualification and forfeiture of all entry fees and tournament prizes. The tournament director and Churchill Downs Inc. shall have final authority as to the occurrence of collusion among players.
All players MUST disclose the existence of financial interests with any other player participating in the KDBC. Players participating in this contest agree to all rules outlined herein and also agree to disclose all financial interests in other player’s entries.