Betfair TVG to Sponsor Triple Tiara
Updated: Friday, May 28, 2010 10:13 AM
Posted: Thursday, May 27, 2010 3:12 PM
The New York Racing Association has announced a partnership with Betfair TVG that includes the creation of the Betfair TVG Triple Tiara, comprising the Betfair TVG Acorn, the Betfair TVG Coaching Club American Oaks, and the Betfair TVG Alabama.
If a filly is able to win all three grade I races, Betfair TVG will present her owners with a $50,000 bonus to go the charity of their choice. Since 1931, the first year that all three races existed, only five fillies have been able to pull off the sweep: Sky Beauty (1990), Open Mind (1989), Mom’s Command (1985), Shuvee (1969), and Top Flight (1932).
“It's fitting that our first major sponsorship in New York should be for fillies races,” said TVG CEO Stephen Burn. “Ten years ago Betfair's first ever betting market was on the Oaks at Epsom, when we had only 36 customers. A decade on and now with three million customers, it is thrilling to realize an ambition by being able to support races for fillies in the United States.”
All three legs of the Betfair TVG Triple Tiara will be broadcast live on the TVG network, starting with the Betfair TVG Acorn on Belmont Stakes Day, Saturday, June 5.
“We’re thrilled to announce this partnership with Betfair TVG,” said NYRA president and CEO Charles Hayward. “It is a cutting edge, innovative company that has enjoyed tremendous success on both the national and international stage. The Betfair TVG Triple Tiara will add a lot of excitement to what should be a sensational spring and summer of racing in New York.”
This year will be the inaugural running at Saratoga of the Betfair TVG Coaching Club American Oaks, scheduled for Saturday, July 24. The race has previously been run at Belmont Park, going back to the first running in 1917. This year will be the 93rd running.
The final leg of the Betfair TVG Triple Tiara will be the 130th running of the Betfair TVG Alabama at Saratoga on Saturday, Aug. 21. Not only the oldest leg of the series, it is also the longest, run at 1 1/4 miles.
If a filly does not sweep the series, Betfair TVG will give $30,000 to the chosen charity of the owners of the filly that accumulates the most points over the three races, based on a 10-5-3 system for horses finishing first, second, or third, respectively, with all starters, including the first three finishers, getting an additional point. The tiebreaker is wins, and if it is still tied, the bonus will be evenly shared among the fillies with the most points.
At the conclusion of the three races, Betfair TVG will also donate $10,000 to The Breast Cancer Research Foundation on behalf of NYRA.
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