For scores of bettors, the disqualification of Maximum Security by Churchill Downs stewards meant woe overtook joy at the wire.
A lot of bettors could feel Maximum Security jockey Luis Saez's pain. By Adam Kilgore Adam Kilgore Reporter covering national sports Email Bio Follow May 5 at 4:39 PM At the racebook inside Green Valley Ranch casino, screaming alongside his father, Kenny Gibson leaped in the air and wondered exactly how much money he had just won.
“I’m mentally going: ‘What is this going to pay? This is going to be awesome,’ ” Gibson said. “Then I heard someone go, ‘Hang on; there’s an objection.’ ”Gibson experienced the same waves of emotion felt by scores of bettors across the country, from off-track parlors to the Churchill Downs infield, over the next 22 minutes, which were 22 of the most unusual minutes in the 145-year history of the Derby: elation, confusion, optimism, dread, hope, despair.
When Churchill Downs stewards ruled Maximum Security had impeded other horses, knocked him down to 17th place and bumped Country House into first, it made a large number of people sad and a small number of people very happy. Some sportsbooks offer bets outside the pari-mutuel system, taking money on “future bets” in advance of the race at fixed odds, or wagers on horse-vs.-horse matchups. The Westgate SuperBook would have profited in the five figures had Maximum Security remained the winner, Vice President of Race and Sports Operations Jay Kornegay said. When his disqualification elevated Country House, it swung to a five-figure loss for the house, which in the grand scheme of a Vegas sportsbook made small ripples.
Some bookmakers worried about how such a controversial ruling at the Derby could affect future Triple Crown betting. Regular horse players could shrug off a disqualification, well-acquainted with the cruelest 10 words in racing: “The result of the race is unofficial. Hold all tickets.” But casual bettors may be turned off by celebrating, only to wait nearly half an hour to find out they lost.
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