The Breeders’ Cup announced March 2 that the live money handicapping tournament, the Breeders’ Cup Betting Challenge, will be held Nov. 4-5 at Churchill Downs. In its third year, the Breeders’ Cup Betting Challenge will have a prize pool of up to $350,000 based on 125 players.
The 2011 BCBC will mirror the format of the event’s first two years: Players will bet real money, and the person with the highest accumulated bankroll at the end of the two-day Breeders’ Cup World Championships will be the winner.
A $2,500 buy-in and $7,500 betting bankroll ($10,000 total) will be required of each player. All buy-in monies are applied to the prize pool, plus a minimum of $25,000 in additional funds provided by Breeders’ Cup and Churchill Downs. Players make real wagers with their $7,500 bankroll over the two days and keep all monies earned from their betting.
“The Breeders’ Cup Betting Challenge has established itself as the country’s premier live money contest,” said Kenneth Kirchner, president of FalKirk International and coordinator of the event for Breeders’ Cup Limited, in a release. “The combination of the first class amenities at Churchill Downs, with the excitement of the Championships, make this a must play event for top horseplayers.”
An important contest element is that up to 29 entries to the Breeders’ Cup Betting Challenge will be awarded through online qualifying tournaments, beginning March 5 at www.bcqualify.com. Last year, James Henry won his entry at bcqualify.com for $100 and then finished second at the Breeders’ Cup Betting Challenge, winning over $78,000.
“The bcqualify.com events offer everyone a chance to win their $10,000 entry fee for as little as $100. It’s easy to sign up and play online,” said Henry in a statement.
Among the amenities for each player at the Breeders’ Cup Betting Challenge are:
• The sixth floor Gold Room overlooking the Churchill Downs finish line will be the contest site, featuring individual betting carrels, televisions, and seating;
• All players receive a Millionaires Row buffet each day; clubhouse credentials for themselves and a guest; gift packages; and discounted hotel rooms;
• Up to $350,000 in prize money, with $175,000 to first place (based on 125 players);
• The top six finishers will also qualify for the 2012 Daily Racing Form/NTRA National Handicapping Championship.
The 2010 Breeders’ Cup Betting Challenge champion was Robert Hansan of Reston, Va., who turned his $7,500 betting bankroll into $44,863. Combined with the $137,000 first place money, Hansen collected more than $181,000 at the 2010 BCBC. Last year’s top ten finishers won a combined total of more than $500,000 in prize money and cash winnings. Additional information on the BC Betting Challenge can be found at www.bcqualify.com.