$97,000 bet on Flightline wins Breeders' Cup Betting Challenge
A $97,000 "all-in" win wager on Flightline in the $6 million Breeders’ Cup Classic propelled Drew Coatney to victory in Saturday’s 2022 Breeders’ Cup Betting Challenge.
The 14th annual Breeders’ Cup Betting Challenge (BCBC), Thoroughbred racing’s biggest live-money tournament, on Nov. 4 and 5, drew a record 569 entries for the two-day program at Keeneland Race Course in Lexington, Ky.
The tournament players generated a contest-record wagering handle of $7,125,391, which consisted of betting 21 races over the two days. Over $4 million of that total was wagered at Keeneland, representing more than 19 percent of the on-track handle.
Coatney, who resides in Chicago and in Michigan and works in medical device product management, finished with a total score of 139,953 points. Combined with his first-place prize of $409,700, Coatney won a grand total of $549,653. Jim Videtic of Willowick, Ohio, finished second with $124,637 points, and combined with $273,000 in prize money, Videtic generated $397,637 in total earnings. Chuck Thompson of Winnetka, Ill., finished third with 102,964 points and $148,000 in prize money, which gave him a grand total of $250,964.
In the 2022 BCBC, each player was required to fund a $2,500 buy-in and a $7,500 betting bankroll ($10,000 total). All buy-in monies were applied to the prize pool, making the total prize pool $1,422,500. Players made real wagers (win, place, show, exacta, trifecta, and daily double) with their $7,500 bankroll and kept all monies earned from their wagering.
In addition to the record 326 entries participating from Keeneland, players competed from satellite locations and online ADWs.
Coatney, who was introduced to the sport in 2014 while playing the races at Arlington International Racecourse, was entering his first BCBC. “Proud and surreal” were his initial feelings on winning the tournament. “I feel very proud that I brought a strategy to the table on Saturday to turn $5.7k into $140k,” said Coatney. “For horseplayers, it is rare that the day and picks work out how they do.
“The surreal part of the feeling comes down to ‘why me?’ I am not a professional bettor nor the best handicapper in the room. The people that surrounded me to support my horseplaying skills over the past four years through the In The Money Players’ Podcast are what truly made this happen. I was just a young 20-something back in 2014 listening to podcasts, trying to learn from three guys to have fun and make money at the races: Jonathon Kinchen, Peter Thomas Fornatale, and Matt Bernier. I'm forever grateful and humbled by the horseplayers who have helped along the way.”
Coatney’s goal to amass $140,000 was generated on Championship Saturday with a $250 double wager on Cody’s Wish in the Dirt Mile and on the filly Tuesday in the $2 million Filly & Mare Turf. Coates also cashed a win bet on Tuesday.
“From there,” Coatney recalled, “I was able to take the $5k won on Tuesday to push all-in again to cover off a few other runners that scared me in the Mile and expressing a strong opinion of Elite Power (winner of the Sprint) into Modern Games.”
With Modern Games winning the Mile and Malathaat capturing the Distaff, Coatney was able to bankroll $97,000, all of which he wagered on Flightline in the Classic.