Santa Anita Preakness Challenge
OFFICIAL RULES: THE SANTA ANITA PREAKNESS CHALLENGE, PRESENTED BY XPRESSBET.COM
CONTEST DATE:
Saturday, May 18, 2019
CONTEST LOCATIONS:
1. Santa Anita Park, 285 W. Huntington Dr., Arcadia, CA 91007
2. Gulfstream Park: 901 S Federal Hwy, Hallandale Beach, FL 33009
3. Online: www.xpressbet.com
BUY-IN:
$3,000 per entry ($2,000 bankroll / $1,000 prize pool)
MAXIMUM ENTRIES:
Maximum two (2) entries, per person.
1. PLAYER'S BANKROLL
This is a 'real money' handicapping contest. In order to participate, this contest requires a $3,000 buy-in, per entry. Of each buy-in, $2,000 will be used for a player's bankroll, while the remaining $1,000 will be allocated to the prize pool (100% of entry fees will be paid out as prizes). Players may compete on-track at either Santa Anita Park or Gulfstream Park, or online at www.xpressbet.com/tournaments.
On-Track Participation: Players that choose to compete on-track at Santa Anita Park in Arcadia, California or at Gulfstream Park in Hallandale Beach, Florida, will each receive at the beginning of the contest an official contest wagering card that has a balance of $2,000 for each of their paid entries - this balance will be the player's initial bankroll. This wagering card must be used for all wagers that are placed for contest purposes.
Online Participation: Players that choose to compete online at Xpressbet.com will have a separate Contest account for each entry that they purchase. Each Contest account will have a balance of $2,000 for each of their paid entries, this balance will be the player's initial bankroll. To participate in the contest, follow instructions at www.xpressbet.com/tournaments. Players must have an Xpressbet account in good standing to play online.
At the conclusion of the contest, any dollar amount remaining on the wagering card or within the Xpressbet Contest account remains the property of the player. Xpressbet will transfer funds from the contest account back to the player's primary Xpressbet account at the conclusion of the contest.
2. TO ENTER
Participants may choose to compete in this contest by playing online at xpressbet.com, or on-track at either Santa Anita Park or Gulfstream Park on Saturday, May 18, 2019 – Preakness Stakes Day. There is a maximum of two (2) entries per person.
Deadline to Enter: Entries will be accepted up until the start of the fourth race at Santa Anita Park on Saturday, May 18, 2019.
Reservations: Players wishing to compete on-track at either Santa Anita or Gulfstream Park may reserve an entry into this contest with a $500 payment. All balances are due May 18, 2019. To place a reservation for this contest, please contact (626) 574-6388.
Xpressbet.com Entries: Online entries will be accepted up until the start of the fourth race at Santa Anita Park on Saturday, May 18, 2019.
Online registration begins Monday, May 13, 2019. To participate in the contest, follow instructions at www.xpressbet.com/tournaments. Players must have an Xpressbet account in good standing to play online. The Buy-In amount ($3,000) will be deducted from the player's Xpressbet account at the time of registration. The player must have sufficient funds in their Xpressbet account to cover the Buy-In to complete registration. Registration must be completed for each entry purchased.
Santa Anita Park and Gulfstream Park Entries:
Individuals that would like to participate on-track at either Santa Anita Park or Gulfstream Park may enter by:
- Phone: Call (626) 574 – 6384
- Online: www.santaanita.com/contests
- Walk-Up: Santa Anita Park: Eddie Logan Suite the day of the contest. Gulfstream Park: Ten Palms Restaurant the day of the contest
- Mail: Make checks payable to Los Angeles Turf Club, Inc. and mail to: Santa Anita Park Attn: Nate Newby 285 W. Huntington Dr. Arcadia, CA 91007
Accepted payment methods for entries at Santa Anita Park and Gulfstream Park are check, credit card, and/or cash. Personal checks will not be accepted after Monday, May 13, 2019.
3. PRE-CONTEST QUALIFIERS
- Horsetourneys.com: Online qualifiers available at https://horsetourneys.com/schedule
- Drf.com: Online qualifiers available at https://tournaments.drf.com/home/tournaments/all
4. FORMAT
- Tournament races include races at Santa Anita Park, Pimlico Racecourse (The Preakness will be included), and Gulfstream Park on Saturday, May 18, 2019. The specific contest races from each racetrack will be announced on Wednesday, May 15, 2019.
- Permitted wagers are Win, Place, Show, Exacta, Trifecta, and Daily Double. No Superfecta, Super High 5, Roulette Bet, Pick 3, Pick 4, Pick 5, or Pick 6 wagers are permitted in this contest.
- Players must wager a minimum of five (5) contest races at a minimum of $200 on each of the five (5) races.
- Players must wager a minimum of their entire $2,000 bankroll during the contest.
- There are no maximums – players may wager as much as they want, including winnings from their bankroll, whenever they wish.
- Daily Double wagers will count toward the wagering total in the race the bet is placed. For example, a Daily Double wager on the Race 4 (linking to Race 5) will count as a wager on Race 4.
- In the unlikely event of a cancellation of a race card, Tournament Officials reserve the right to substitute races from another racetrack.
Should an entry in this contest fail to meet the above mentioned requirements, that entry may be disqualified from the contest, making the entry ineligible to win prizes. Any situation involving a late scratch where it is deemed the players were not given sufficient time to adjust their betting will be handled on a case-by-case basis by contest officials.
The player with the largest bankroll after the last contest race on Saturday, May 18, 2019 will be declared the winner. It is the player's responsibility to meet the wagering requirements listed above. Contest officials will make the decision on disqualification in the event of a rule violation and all decisions are final. The remaining bankroll on the player's wagering card or their online Xpressbet contest account remains the property of the player. Entry fees will not be refunded in the event of a disqualification.
5. PRIZES
Per item 1, 100% of the entry fees will be paid out as prizes. The final prize pool will be announced on Saturday, May 18, 2019. The final prize pool distribution and number of qualifying spots for the Pegasus World Cup Betting Championship, the National Horseplayers Championship, and the Breeders' Cup Betting Challenge will be based upon the final number of entries in this contest. Santa Anita Park/Los Angeles Turf Club, Inc., Gulfstream Park, The Stronach Group, and Xpressbet contest officials reserve the right to adjust the final prize pool after registration closes (100% of entry fees will be paid out as prizes).
Below are two (2) examples of prize pool distributions depending on the number of entries in this contest:
At 100 entries, prizes will be:
- Two (2) full entries into the 2020 Pegasus World Cup Betting Championship (PWCBC) ($600 travel allowance if, and only if, the winner plays in the 2020 PWCBC at Gulfstream Park).
- Two (2) full entries into the 2019 Breeders' Cup Betting Challenge (BCBC) ($500 travel allowance if, and only if, the winner plays in the 2019 BCBC at Santa Anita Park).
- Two (2) entries into the 2020 NTRA National Horseplayers Championship (NHC) (Four night stay at Bally's in Las Vegas and a $500 travel allowance)
- At 100 entries: First place finisher will receive a total of two (2) entry prizes consisting of one (1) 2020 NHC entry and his/her choice of one (1) entry for either the 2020 PWCBC or the 2019 BCBC.
- At 100 entries: After the first place finisher has declared their prize selections, the second finisher will receive first choice of one (1) of the remaining entry prizes, followed by third place choosing one (1) of the remaining entry prizes, and so on until all entry prizes have been distributed to the top five finishers in the contest standings.
- $50,000 Cash Prize pool for the top five (5) finishers.
Cash prize pool distribution based on 100 entries:
| Number of Entries |
100 |
|
| Final Standing |
Cash Prize |
% of Cash Pool |
| 1st |
$20,000.00 |
40% |
| 2nd |
$10,500.00 |
21% |
| 3rd |
$8,500.00 |
17% |
| 4th |
$6,500.00 |
13% |
| 5th |
$4,500.00 |
9% |
| TOTAL CASH PRIZES |
$50,000.00 |
|
At 150 entries, prizes will be:
- Four (4) full entries into the 2020 Pegasus World Cup Betting Championship (PWCBC) ($600 travel allowance if, and only if, the winner plays in the 2020 PWCBC at Gulfstream Park).
- Four (4) full entries into the 2019 Breeders' Cup Betting Challenge (BCBC) ($500 travel allowance if, and only if, the winner plays in the 2019 BCBC at Santa Anita Park).
- Four (4) entries into the 2020 NTRA National Horseplayers Championship (NHC) (Four night stay at Bally's in Las Vegas and a $500 travel allowance)
- At 150 entries: First place finisher will receive a total of three (3) entry prizes consisting of one 2020 PWCBC entry, one (1) 2019 BCBC entry, and one (1) 2020 NHC entry.
- At 150 entries: After the first place finisher has received their three (3) entry prizes, the second finisher will receive first choice of one (1) of the remaining entry prizes, followed by third place choosing one (1) of the remaining entry prizes, and so on until all entry prizes have been distributed to the top ten (10) finishers in the contest standings.
- $50,000 Cash Prize pool for the top five (5) finishers.
Cash prize pool distribution based on 150 entries:
| Number of Entries |
150 |
|
| Final Standing |
Cash Prize |
% of Cash Pool |
| 1st |
$20,000.00 |
40% |
| 2nd |
$10,500.00 |
21% |
| 3rd |
$8,500.00 |
17% |
| 4th |
$6,500.00 |
13% |
| 5th |
$4,500.00 |
9% |
| TOTAL CASH PRIZES |
$50,000.00 |
|
$5,000 ON-TRACK PRIZE (SANTA ANITA ONLY)
Once this contest concludes and the final standings are official, the on-track player at Santa Anita that places highest on the leaderboard will receive a $5,000 cash prize. To be eligible for this bonus, a player's entry must have placed all contest wagers via an official Santa Anita Park contest card. This prize is only available to players competing at Santa Anita Park.
PEGASUS WORLD CUP BETTING CHAMPIONSHIP ENTRY: The prize entries into the Pegasus World Cup Betting Championship (PWCBC) will be valid for 2020 only. The player that wins an entry into the 2020 PWCBC will have a choice to compete in the 2020 PWCBC at Santa Anita Park in Arcadia, California, Golden Gate Fields in Albany, California, Laurel Park in Laurel, Maryland, Gulfstream Park in Hallandale Beach, Florida, or online at xpressbet.com.
PWCBC Travel Allowance: Should a player that wins a PWCBC entry choose to compete in the 2020 PWCBC at Gulfstream Park, Santa Anita will provide the player $600 for travel, plus two admission tickets to the races at Gulfstream Park for the 2020 Pegasus World Cup Invitational Series. If the winner of the 2020 PWCBC entry chooses to not compete in the 2020 PWCBC at Gulfstream Park, the $600 travel allowance will not be awarded.
NHC ENTRIES:
Each prize entry into the National Horseplayers Championship (NHC) will be valid for 2020 only. As required by the NTRA, all contest participants must be members of the NHC Tour prior to the start of this contest in order to participate in the NHC (See Item 16). The NHC entry prizes in this contest will not be awarded to any contest participant that is not a current member of the NHC Tour prior to the start of this contest. Contest officials (in cooperation with the NTRA) may assign an alternate qualifier for the NHC. It is solely the responsibility of each contest participant to maintain the status of their NHC Tour membership. For information about membership to the NHC, please visit: https://www.ntra.com/membership/.
Per the NTRA, a player may qualify to the NHC twice, but only once in any single NHC qualifying event. This means, players may be eligible to win a maximum of one (1) NHC entry, per person in this contest. In the event a participant that has already qualified the maximum number of times (2) for the 2020 National Horseplayers Championship finishes in a position that receives a 2020 NHC entry as a prize, that player will receive a maximum of one (1) transferable $3,000 paid entry into a future Santa Anita Park contest of his or her choice in 2019 in lieu of the 2020 NHC entry, and the 2020 NHC entry will be awarded to the next highest eligible finishing position.
NHC TOUR POINTS:
NHC Tour points will be awarded in this contest.
BREEDERS' CUP BETTING CHALLENGE ENTRY: The prize entries into the Breeders' Cup Betting Challenge (BCBC) will be valid for 2019 only. Complete details about the 2019 BCBC may be found at http://www.breederscup.com/bcbc.
BCBC Travel Allowance: Should a player that wins a BCBC entry in this contest choose to compete in the 2019 BCBC at Santa Anita Park, Santa Anita Park will provide the player $500 for travel, plus one ticket to the 2019 Breeders' Cup at Santa Anita Park for Friday, November 1 and Saturday, November 2, 2019. If the winner of the 2019 BCBC entry chooses to not compete in the 2019 BCBC at Santa Anita Park, the $500 travel allowance and the 2019 Breeders' Cup tickets will not be awarded.
6. PLAYER CARDS FOR ON-TRACK PARTICIPANTS
Each participant that chooses to compete in this contest on-track at Santa Anita Park or Gulfstream Park on Saturday, May 18, 2019 will be issued an official contest card used for all contest wagers. This card contains the “real money” bankroll of $2,000. If a player loses his/her card, or the card is not working, the player should immediately report to a contest official to receive a new card. Santa Anita Park/Los Angeles Turf Club, Inc., Gulfstream Park, The Stronach Group, and Xpressbet are not responsible for any races missed due to a malfunctioning or lost card.
Contestants may not add additional cash to their contest card. Adding additional cash to the bankroll on an official contest card will result in automatic disqualification.
Xpressbet.com Entries:
Upon completion of registration, the $3,000 Buy-In will be deducted from the player's Xpressbet account. A Contest account will be created and $2,000 will be deposited into the player's Contest account. All contest wagers must be placed from the Contest account.
7. PLACING WAGERS ON-TRACK AT SANTA ANITA PARK AND GULFSTREAM PARK:
All participants that choose to compete on-track at Santa Anita Park or Gulfstream Park must place all contest wagers with their contest wagering card through self-service machines. Wagers will not be accepted through mutuel tellers. Players must place all wagers personally, unless pre-approved by a contest official. No person shall directly nor indirectly act as an intermediary, transmitter, or agent in placing wagers for the player, unless authorized by contest officials. All official track rulings will apply to wagers placed in the contest except as otherwise stipulated. The contest will be based on official's placement and mutuels at each contest track. If a player wagers on a track other than Santa Anita Park, Gulfstream Park, or Pimlico for purposes of the contest, the player may be disqualified and any winnings will not count for contest standings.
Xpressbet.com Entries:
On the day of the contest, after completing registration, the player must log in to their Xpressbet account. During login, the player will be prompted to select their Main Xpressbet Account or their Contest account. The Contest wagers must be placed through the Contest account.
8. ADVANCE WAGERING
Advance wagering will not be permitted unless prior approval has been obtained by a contest official. Wagers for each race must be placed after the prior race has been declared official. This rule is designed to maintain an accurate leaderboard.
If a player needs to advance wager for any reason, a player must contact a contest official. The contest official will decide if an advance wager will affect the integrity of the leaderboard. All decisions are final and penalties for violating this rule will be at the sole discretion of contest officials.
9. CASHING OUT THE CARD BALANCE
Players competing on-track will not be permitted to cash out their wagering card until 10 minutes after the results of the final live contest race on Saturday, May 18, 2019 become official. Should a player cash out his/her card before the last live contest race is official, that player's entry can be disqualified from any prizes.
Xpressbet.com Entries: Players competing online will not be able to cash out their account balances until after the results of the final live contest race on Saturday, May 18, 2019 become official. After the contest is official, the funds from the Contest account will be transferred back to the player's primary Xpressbet account.
10. IRS WITHHOLDING:
Per the tax rules by the U.S. Treasury Department and the Internal Revenue Service.
11. NON-RESIDENTS OF CALIFORNIA:
This section is intended for informational purposes and should not be relied upon as professional tax guidance. Individuals are encouraged to seek professional tax service for information and guidance.
California Revenue and Taxation Code (R&TC) Section 18662 and the related regulations require withholding of California income or franchise taxes from payments and distributions made to non-residents on California source income. This includes prizes and winnings received by non-residents for contests in California.
When the total payments or distributions of California source income to the non-resident is greater than $1,500 for the calendar year, Santa Anita Park is required to withhold and remit to the Franchise Board at the current withholding rate (7%).
Note certain exemptions apply, most notable being a California resident.
Players may be exempt from withholding. Qualified exemptions can be found on California Form 590. Contestants may download a copy of Form 590, along with instructions, via the links below. Completed forms should be mailed to:
SANTA ANITA PARK
Attn: Accounting Department
285 W. Huntington Dr.
Arcadia, CA 91007
Copies of California Form 590 and instructions may be downloaded here:
Instructions for Form 590: https://www.ftb.ca.gov/forms/2018/18_590ins.pdf
Form 590: https://www.ftb.ca.gov/forms/misc/590.pdf
Please note, Santa Anita Park must make all checks for prize winnings payable to the payee identified on the Form 590.
As stated previously, this section is intended for informational purposes and should not be relied upon as professional tax guidance. Individuals are encouraged to seek professional tax service for further information and guidance
12. SCRATCHES
If a horse is scratched after a wager is placed, it is the player's responsibility to change his/her selection prior to the start of the race in order to meet contest parameters. If a late scratch occurs or a horse is declared a 'non-starter' and post time prevents the selection of an alternate horse or bet cancellation, the contestant will not be disqualified for failure to bet the minimum amount and any live tickets bet will be in play.
13. CONTEST STANDINGS:
Contest standings will be based off of each player's bankroll on their official contest entry. Standings will rank all bankrolls based off of dollar value from largest to smallest, with first place being the largest bankroll and last place being the smallest bankroll.
Current standings will be posted after every race, or as soon as the information is available. Standings will be posted at xpressbet.com, and on a designated television channel at Santa Anita Park and Gulfstream Park. For on-track contestants, please inquire at the registration table at Santa Anita Park for the television channel number.
14. TIES
In a result of a tie between any of the finishing positions, the player with the largest dollar amount in total wagers will be declared the winner of the tie and awarded the higher placing in the final official standings. For example, if two players tie for third place and player #1 has wagered a total of $3,000 ending with a bankroll of $8,000 and player #2 has wagered a total of $4,000 finishing with a bankroll of $8,000 (based on wagering his/her winnings as well as original bankroll), Player #2 will receive the higher placing. If both players wagered the same amount and finished with the same final bankroll, the player with the highest single race profit will be awarded the higher placing in the final official standings. In the event both players wagered the same amount, finished with the same bankroll, and tied with the largest single race profit, the higher placing will be decided by whoever registered for the contest first.
15. NHC TOUR MEMBERSHIP REQUIRED TO PARTICIPATE IN THE NHC:
As required by the NTRA: All contest participants must be members of the NHC Tour prior to the start this contest in order to participate in the NHC in Las Vegas. Contest participants may register for the NHC Tour at https://www.ntra.com/membership/. NHC Tour members must be at least 21 years of age to participate in the NHC in Las Vegas.
It is solely the responsibility of each contest participant to confirm if they are a current member of the NHC Tour prior to the start of the contest. Santa Anita Park/Los Angeles Turf Club, Inc., Gulfstream Park, The Stronach Group, and Xpressbet are not responsible for confirming a contest participant's membership status with the NHC Tour and will not be held accountable in the event a contest participant is not awarded an NHC entry prize as a result of their NHC Tour membership status, or the lack thereof.
16. ELIGIBILITY/DISCLOSURE
The following are ineligible to participate in this contest: Contest officials of Santa Anita Park, Gulfstream Park, Xpressbet, and employees of AmTote.
If a player has an ownership or other interest in any horses running in any of the contest races or holds a pari-mutuel license in any jurisdiction, then all involvements and licenses must be fully disclosed to contest officials prior to the start of the contest. Failure to disclose any ownership interest or license can result in disqualification. Trainers, owners, or any player with another interest can bet that race, but must bet their horse to WIN in a WPS pool wager or “ON TOP ONLY” when wagering in the exacta or trifecta.
17. TAXES:
Liability for any and all federal, state, and local taxes is solely the responsibility of prize winners.
18. AFFIDAVITS
Affidavits confirming compliance of all the rules of this contest will be required of all participants. All prize winners acknowledge that if they enter this contest under a fraudulent name and/or Social Security number, they will be immediately disqualified from this and all future contests held by The Stronach Group. Positive identification is required of contestants and prize winners. Positive identification is a driver's license with a picture and same address and birth date used on the entry forms, and/or other forms of identification as deemed adequate by contest officials. Contestants also consent to the use of their names, pictures and video images to be used by The Stronach Group without compensation.
19. JUDGING AND DISPUTES:
The management of Santa Anita Park/Los Angeles Turf Club, Inc., Gulfstream Park, and Xpressbet reserve the right to interpret all questions and conditions in regard to this event, without claim for damages or recourse of any kind. All decisions made by contest officials will be final and all questions and definitions not covered explicitly in these rules shall be interpreted by contest officials. Santa Anita Park, Gulfstream Park, and Xpressbet reserve the right to amend these rules at any time.
If for any reason there is a cancellation in racing on Saturday, May 18, 2019 the contest will be based on the races completed during the event. If the cancellation takes place prior to the first race, the contest will be cancelled and all entry fees will be refunded. Contest officials will make an announcement and all decisions are final. Anyone found to have engaged in or attempted to engage in any act that contest officials believe in their sole and absolute discretion compromises or could compromise the competitive integrity of this contest, including collusion, will be subject to sanctions imposed by The Stronach Group management. The nature and extent of the sanctions imposed shall be in the sole and absolute discretion of The Stronach Group management and may include, but shall not be limited to, the following:
- Forfeiture of prize money
- Disqualification from the contest
- Loss of privilege to participate in future Stronach Group handicapping contests
