Horse players from around the country will converge on Las Vegas next month for two high-end handicapping contests.
Bally’s will host its third annual Summer Stakes Contest, August 2-3, and the Suncoast presents its $50,000 added Suncoast Invitational, August 7-11.
Entry in each tourney is $1,000 with a limit of two entries per person.
The Bally’s contest will post $200,000 in cash prizes (based on 200 entries), which includes daily and an overall prize.
Competition will be divided into two legs. On the first day of competition, each entrant will receive 15 vouchers worth $48 apiece. Each player must wager one voucher per race on 15 different races at selected tracks. Wagers can be win, place and show betting, and more than one horse in a race can be bet. However, the aggregate per race is not more than $48.
On the second day of competition, contestants will receive 15 vouchers worth $24 apiece. Players must wager one voucher per race on 15 different races using the Exacta format. Any type of Exacta wager using two or more horses will be allowed, but not more than $24 per race total.
Points will be awarded based on full track odds up to the following limits: win, 25-1, place, 12-1, show, 6-1, and exacta, 75-1.
Daily prizes include $10,000 for first place, $4,000 for second, $2,500 for third, $2,000 for fourth, $1,500 for fifth, and $1,000 for sixth through tenth place.
The overall contest prize breakdown is as follows: $75,000 for first, $25,000 for second, $10,000 for third, $7,500 for fourth, $5,000 for fifth, $2,500 for sixth through tenth, and $1,000 for 11th through 25th.
In the Suncoast Invitational, a total prize pool of $350,000 will be offered (based on 300 entries). Of that amount, $30,000 is earmarked for daily prizes, $10,000 per day for three days, and $20,000 for an early bird contest to be held Aug. 11. (Entry fees must be paid by 5 p.m., July 10, to be eligible for the early bird tourney.)
The betting format over the three days is simple: players make a dozen (hypothetical) $100 wagers at selected tracks. Only win wagers are used in the contest, and full track odds will be paid on the first $20, with the remainder paid at a ceiling of 20-1.
The grand prize winner after three days will receive 35 percent of the prize pool.
In the early bird contest, $2 wagers at selected tracks are used to determine the outcome. First place will pay $10,000 with $5,000 for second, $2,500 for third, $1,500 for fourth and $1,000 for fifth.