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11-07-2016, 09:49 PM
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#1
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Registered User
Join Date: Apr 2015
Posts: 114
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The $12M Pegasus World Cup Thread
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THE THREAD...
Last edited by ribjig; 11-07-2016 at 09:52 PM.
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11-07-2016, 09:52 PM
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#2
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,828
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I think you are only buying a starting spot for one year and one year only. Most of those that bought them don't even own horses. My guess is we never see a second one after this year, but I could be wrong. Maybe a Chrome / Arrogate match up will save it for a year. But who is going to buy into a slot to face those two?
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11-07-2016, 10:11 PM
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#3
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Registered User
Join Date: Jan 2015
Posts: 915
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Quote:
Originally Posted by cj
I think you are only buying a starting spot for one year and one year only. Most of those that bought them don't even own horses. My guess is we never see a second one after this year, but I could be wrong. Maybe a Chrome / Arrogate match up will save it for a year. But who is going to buy into a slot to face those two?
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I think owners of the spots currently get right of first refusal to buy back in next go round, so if this somehow proves successful being in on the ground floor could be useful that way.
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11-07-2016, 10:18 PM
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#4
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Registered User
Join Date: Nov 2009
Posts: 3,053
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1) California Chrome (CC Inc)
2) Frank Conversation (Reddam Racing)
3) Tequila Joe (Jerry Frankel)
4) Runhappy (Jim McIngvale)
5) Highland Reel (Coolmore)
6) Take The Stand (Earl Mack)
7) Uncle Vinny (Starlight Stables)
8) (Dan Schafer)
9) Shaman Ghost (Adena Springs)
10) WV Jetsetter (Reeves Thoroughbreds) * oh wait, media darling Ritvo dumped that graded stakes placed stakes winner from allowance/stakes races straight to $4k at Belterra Park last month, so he probably won't show up (anywhere)
11) (Rosedown Racing)
12) War Envoy (Ruis Racing)
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11-07-2016, 10:18 PM
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#5
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Registered User
Join Date: Sep 2009
Posts: 881
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What would make this more interesting is if one entrant could buy weight from another entrant. Like you offer the owners of Chrome $500k for a 7lb break in the weights etc for your horse or something like that.
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11-07-2016, 10:22 PM
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#6
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Registered User
Join Date: Sep 2009
Posts: 881
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Surely there is no way that McIngvale is going to run Runhappy in this race after last weekend.
I think there might be slots sold at a deep discount come late Dec/early Jan. Might even pick up one on Craigslist the day before for dirt cheap.
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11-07-2016, 10:25 PM
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#7
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,828
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Quote:
Originally Posted by nearco
Surely there is no way that McIngvale is going to run Runhappy in this race after last weekend.
I think there might be slots sold at a deep discount come late Dec/early Jan. Might even pick up one on Craigslist the day before for dirt cheap.
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Exactly, depending on which others show up nobody will want to buy them.
To be clear on this race, the last place finisher gets back 250k, so it isn't really a million dollar buy in.
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11-07-2016, 11:00 PM
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#8
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,797
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When?
It's at Gulfstream right?
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11-07-2016, 11:08 PM
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#9
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Veteran
Join Date: Feb 2016
Posts: 4,553
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Is there a condition book that might explain things and break out what will be returned to each placing, I assume on some form of graduated scale?
Glad Highland Reel is in...At least Chrome will have a rabbit to chase...might even get beat by the rabbit....! What if both Chrome AND Arrogate rate, then close into the race? Who wins then?
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11-07-2016, 11:30 PM
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#10
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,797
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11-08-2016, 06:43 AM
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#11
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$2 Showbettor
Join Date: Dec 2013
Location: The Villages
Posts: 2,578
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Amusing interview of one of the owners who bought into it by Steve Haskin from last month. Apparently the guy felt it was cheaper than buying several yearlings at the bloodstock sales.
http://cs.bloodhorse.com/blogs/horse...gasus-cup.aspx
At any event it will give us SOMETING to talk about. Usually at this time of year things go into hibernation.
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11-08-2016, 10:31 AM
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#12
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Out-of-town Jasper
Join Date: Nov 2009
Posts: 2,364
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Quote:
Originally Posted by nearco
What would make this more interesting is if one entrant could buy weight from another entrant. Like you offer the owners of Chrome $500k for a 7lb break in the weights etc for your horse or something like that.
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If you are buying weight you should have to pay the owners of all the other horses, not just the favorite. I think they should be able to buy post positions.
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11-08-2016, 05:09 PM
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#13
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
Originally Posted by ribjig
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The entrant can then “race, lease, contract, or share a starter, or sell their place in the starting gate. All entrants will not only be competing for the world’s purse, but they will also share equally in 100 percent of the net income from [betting] handle, media rights and sponsorships” from the race.
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Remember the NJ horseman got you here now do the right thing with the purses!
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11-08-2016, 05:19 PM
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#14
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
Originally Posted by cj
Exactly, depending on which others show up nobody will want to buy them.
To be clear on this race, the last place finisher gets back 250k, so it isn't really a million dollar buy in.
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The slot cost $1m, the handle will also be divided up between the 12 players as well as sales of merchandise directly related to the Pegasus. If you look at it as a risk and you will lose a portion of your investment then you arent the person who would or did buy the slot. One just changed hands for $1,200,000 that is a 20% net profit, not bad!
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Remember the NJ horseman got you here now do the right thing with the purses!
Last edited by onefast99; 11-08-2016 at 05:25 PM.
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11-08-2016, 05:40 PM
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#15
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Registered User
Join Date: May 2012
Posts: 756
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How does Gulfstream make money from this event if 100% of the handle is being split between the owners of the 12 slots?
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