Myeress rallies to win inaugural Kentucky Derby Betting Championship
Ron Myeress bet $9,400 to place on #13 Nyquist, and the $22,560 return propelled the semi-retired 59-year-old accountant to victory in the first-ever Kentucky Derby Betting Championship with a bankroll of $42,752. That total, plus the $100,000 first prize and $10,000 entry to the Breeders’ Cup Betting Challenge, brought Myeress’s combined winnings to $152,752.
“My first thought was that Nyquist would finish second, so I played some big exactas with him in second, but then I saw the place pool and figured he’d pay pretty good to place for a 2-to-1 favorite, so I bet him to place thinking that would cover me if he won,” said Myeress. “I know a lot of people didn’t like Nyquist, and I knew the closers would have a hard time, so I was pretty confident that he’d finish at least second.”
Overall, Myeress approach was one of extremes. He balanced huge low risk bets such as the $9,400 to place on Nyquist with higher risk bets like a $400 tri wheel in the Eight Belles Stakes on Friday, using winner Carina Mia with “all” in the second position and Nickname in third.
Myeress bested a field of 53 handicappers who each paid a $20,000 entry fee to contest the KDBC. The entry fee included $15,000 for wagering, $4,250 toward the $255,000 prize pool, and $750 toward Kentucky Derby & Oaks tickets for each player and a guest. TwinSpires.com & host Churchill Downs kicked in an extra $30,000 to cover costs of the BCBC and National Handicapping Championship seats.
“From the TwinSpires.com welcome event in The Mansion to a Gold Room experience during the races, it was a pleasure playing host to the inaugural Kentucky Derby Betting Championship,” Churchill Downs Race Track President Kevin Flanery said. “Betting on the Kentucky Derby is as much a part of the pageantry of the event as the blanket of roses or mint julep, and we look forward to the KDBC being a part of the tradition for years to come.”
“The Kentucky Derby Betting Championship was a great experience for horseplayers, Churchill Downs, and TwinSpires.com,” said TwinSpires.com President Ted Gay. “TwinSpires.com is about experiencing the thrill of horse racing, and to bring that thrill to the live-bankroll contest environment at the world’s greatest race and racetrack is something we are glad to be a part of. We would like to thank all of the players, as well as the TwinSpires.com and Churchill Downs team members, who made the inaugural KDBC a resounding success.”
Garret Skiba finished second with $39,619, and won an additional $65,000 plus a BCBC seat. Bill Chenvert finished third with $35,884 and won an additional $35,000 plus a BCBC seat. Kevin Smith, Frank Mustari, and Michael Caposio finished fourth, fifth, and sixth, respectively, and each qualified for the National Handicapping Championship. Overall, the contest generated $1.3-million in on-track handle.
“On days of mayhem and madness, the Gold Room provided a tranquil atmosphere that seemed far from the maddening crowd,” said veteran contest player Tommy Massis, who won last year’s Breeders’ Cup Betting Challenge.
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Looking for more Kentucky Derby betting options? Check out the Kentucky Derby Betting Challenge for a chance at a big dream bet!