Justify pays $150,000 on $500 futures bet on 144th Kentucky Derby at Churchill Downs

Horse Racing


On a rainy Saturday at Churchill Downs, anyone who stayed dry — and maybe bet on Justify — at the 144th running of the Kentucky Derby could be considered a winner.

In sunny Las Vegas, one bettor won an even more impressive prize: $150,000 from a $500 futures bet on Justify to win the Derby at 300-1, placed all the way back in February at the Wynn.

While not nearly as big as the futures market for mainstream sports such as the NFL or NBA, a futures market does exist for the Kentucky Derby. In this case, one respected bettor was rewarded for his foresight and a call right to the top of the Wynn sportsbook.

“I got a call from a guy I know, a very respected horseman,” Johnny Avello, executive director of Wynn Las Vegas’ race and sportsbook, said on Friday’s VSiN radio broadcast. “He says to me, ‘Johnny, I got a horse I want to bet in the future book.’ I said, ‘I’ll tell you what I’ll do. I’ll give you 250-1.’

“He says, ‘Come on, Johnny.’ I said, ‘I’ll give you 300-1.’ Now he’s sitting 300-1 on Justify at a big number.”

Part of the reason for the high odds? As Avello explained, Justify was one of two horses in Saturday’s 1¼-mile race who didn’t race at age 2 (the other was Magnum Moon). No horse since Apollo in 1882 has won the Derby after not racing as a 2-year-old. And there was no guarantee when the bet was made that Justify was going to enter the Derby.

Avello confirmed to ESPN that the ticket posted was legitimate.

There is a larger backstory surrounding the ticket, as respected professional bettor Bill Krackomberger wrote in a recent article for “Gaming Today.” Krackomberger confirmed to ESPN that his friend received a call with information about Justify four days before it broke maiden and this information was overheard, leading to the large futures ticket win.

Justify won Saturday’s Derby, paying $7.80, $6 and $4.40 (win/place/show).





Source link

Products You May Like

Articles You May Like

Mick Schumacher: Ferrari driver academy place for son of seven-time champion Michael
Eric Gordon, James Harden power Houston Rockets
Peter Chiarelli fired as Edmonton Oilers’ general manager
Joanne Calderwood eyes Jessica Eye, Valentina Shevchenko after defeating ‘Queen of Violence’
Happy to bat anywhere in the middle order – MS Dhoni

Leave a Reply

Your email address will not be published. Required fields are marked *