THE 2019 ULTIMATE BETTING CHALLENGE OFFICIAL RULES
Saturday, March 9, 2019
On-Track: Santa Anita Park, 285 W. Huntington Dr., Arcadia, CA 91007
$3,000 ($2,000 Bankroll, $1,000 Prize Pool), per entry.
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 online at www.xpressbet.com.
On-Track Participation: Players that choose to compete on-track at Santa Anita Park in Arcadia, California will 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 www.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. 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 Santa Anita Park on Saturday, March 9, 2019. 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 March 9, 2019.
Players may reserve an entry into this contest with a $500 payment. All balances are due March 9, 2019. Reservations are only available thru Santa Anita. Please contact (626) 574-6388 to inquire.
Entries will be accepted up until the start of the fourth race at Santa Anita Park on March 9, 2019.
Online registration begins Monday, March 4, 2019. To participate in the contest, follow instructions at www.xpressbet.com. 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 Entries:
Individuals that would like to participate on-track at Santa Anita Park may enter by:
Enter By Phone:
To enter by phone, please call (626) 574 – 6384
Walk-up entries will be accepted at the Eddie Logan Suite the day of the contest. Cash and credit card payments will be accepted. Participants must provide a valid government issued ID to a contest official prior to purchasing an entry. Walk-up entries will not be accepted after the fourth race at Santa Anita Park on March 9, 2019.
Enter by Mail:
To enter the contest by mail, send a check payable to Los Angeles Turf Club for $3,000, per entry. Checks should be sent to:
Santa Anita Park
Attn: Nate Newby
285 West Huntington Dr.
Arcadia, CA 91007
Accepted payment methods for entries at Santa Anita Park are check, credit card, and/or cash. Personal checks will not be accepted after Monday, March 4, 2019.
3. PRE-CONTEST QUALIFIERS:
1. Sat, Feb 23, 2019 – Santa Anita $500 February Challenge (Santa Anita or online at xpressbet.com)
2. Drf.com: Online qualifiers available at https://tournaments.drf.com/home/tournaments/all
- Tournament races will include ALL live races from Gulfstream Park and Santa Anita Park on Saturday, March 9, 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 the 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.
- You must be an NHC Tour Member prior to the start of the tournament in order to qualify for an NHC entry prize.
- 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, March 9, 2019 will be declared the winner. It is the player’s responsibility to meet the wagering requirements listed above. Santa Anita Park 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.
Per item 1, 100% of the entry fees will be paid out as prizes. The final prize pool will be available on Saturday, March 9, 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 the contest.
Below is one example of prize distributions depending on the number of entries:
At 150 entries, prizes will be:
- Two (2) full $12,000 entries into the 2020 Pegasus World Cup Betting Championship (a $600 travel allowance if, and only if, the winner plays in the 2020 PWCBC at Gulfstream Park).
- Two (2) full $10,000 entries into the 2019 Breeders’ Cup Betting Challenge (a $500 travel allowance if, and only if, the winner plays in the 2019 BCBC at Santa Anita Park).
- Three (3) entries into the 2020 NTRA National Horseplayers Championship, a four night stay at Treasure Island in Las Vegas and a $500 travel allowance.
- Beginning with the winner, the top finisher will receive first choice of one of the available entry prizes.
- $100,000 Cash Prize Pool to the top 10 finishers, allocated as follows:
- 1st Place: 30% of Cash Prize Pool
- 2nd Place: 17% of Cash Prize Pool
- 3rd Place: 13% of Cash Prize Pool
- 4th Place: 10% of Cash Prize Pool
- 5th Place: 9% of Cash Prize Pool
- 6th Place: 7% of Cash Prize Pool
- 7th Place: 5% of Cash Prize Pool
- 8th Place: 4% of Cash Prize Pool
- 9th Place: 4% of Cash Prize Pool
- 10th Place: 3% of Cash Prize Pool
PAt the conclusion of this contest, the first place finisher after the final contest race on March 9, 2019 will have first choice of one (1) of the available prize entries. After the first place finisher has chosen his/her entry prize, the second place finisher will have a choice of one (1) entry from the remaining prize options. This will be repeated until all prize entries have been awarded.
PEGASUS WORLD CUP BETTING CHAMPIONSHIP ENTRY:
The prize entries into the Pegasus World Cup Betting Championship (PWCBC) will be valid for 2020 only. The 2020 PWCBC will be held Friday, January 24 and Saturday, January 25, 2020. 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 at Santa Anita choose to compete in the 2020 PWCBC at Gulfstream Park, Santa Anita will provide the player $600 for travel, plus two tickets to the races at Gulfstream Park for Friday, January 24 and Saturday, January 25, 2020. 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.
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. Los Angeles Turf Club, Inc. (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. The 2019 BCBC will be held Friday, November 1 and Saturday, November 2, 2019. Further 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 on Saturday, March 9, 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 the registration table at the Eddie Logan Suite, or a contest official, to receive a new card. Santa Anita Park/Los Angeles Turf Club, Inc., 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.
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
EAll participants that choose to compete on-track at Santa Anita 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 Santa Anita Park and Gulfstream Park. If a player wagers on a track other than Santa Anita Park or Gulfstream Park for purposes of the contest, the player may be disqualified and any winnings will not count for contest standings.
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 BALANCE OF THE ON-TRACK PLAYER WAGERING CARD
On-track players will not be able to cash out their wagering card until after the final live contest race on Saturday, March 9, 2019 becomes official. Should the player cash out his/her card before the last live contest race is declared official, that player’s entry can be disqualified from any prizes.
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, March 9, 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
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. For on-track contestants, please inquire at the registration desk at Santa Anita Park for the television channel number.
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 rules: All contest participants must be members of the NHC Tour prior to the start the 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 this contest. Santa Anita Park, Xpressbet, and The Stronach Group 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, Xpressbet, Gulfstream Park, 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 Santa Anita Park 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.
Liability for any and all federal, state, and local taxes is solely the responsibility of prize winners.
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 and Xpressbet reserve the right to amend these rules at any time.
If for any reason there is a cancellation in racing on Saturday, March 9, 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. Santa Anita 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 Santa Anita Park management. The nature and extent of the sanctions imposed shall be in the sole and absolute discretion of Santa Anita Park 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 Santa Anita handicapping contests