Bettors Lose $9 Million In Potential Winnings After Kentucky Derby DQA Record-Setting $165.5 Million Was Wagered On The Race |
|
The first disqualification in Kentucky Derby history cost bettors $9 million, according to ESPN Chalk.
Maximum Security, the favorite to win the race at 9:2 odds, was the first horse to cross the finish on Saturday but was disqualified for interfering with other horses in the final turn of the race. The victory was then given to Country House, who was a longshot to win the race at 65:1 odds.
More than $6.2 million nationwide was wagered on Maximum Security through various bets. Those bets stood to payout about $9 million, collectively.
There was only about $520,000 wagered on Country House, who had the second-longest odds of any horse to win the Kentucky Derby. According to TwinSpires, an online horse racing site, the largest bet on Country House to win the race was $2,500 and paid out the lucky bettor $162,500.
On the other hand, the largest win bet on Maximum Security was $8,000, but would have only paid out $36,000.
The ruling annoyed the bettors who wagered on the favorite but also hurt some of the books just as much. The SuperBook at Westgate Las Vegas was set to book a win on the race until the reversal, which put them in the hole for the race.
Overall, there was $165.5 million bet on the race, which was the most in the history of the event.
The New York Post is reporting that one man turned $8 into $78,000 by hitting two separate $4 superfectas at the Mirage race and sportsbook. One of which came through after the infamous disqualification.
Last year at the Kentucky Derby, one woman turned $18 into $1.2 million by correctly picking the winners on a five-race parlay.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
