Statistics
What the Winners Paid
Another 2011 classic, another upset.
Considering the Triple Crown season just ended, I thought it’d be interesting to look back at the win prices for the five Grade 1 Derby preps (Florida Derby, Santa Anita Derby, Wood Memorial, Blue Grass Stakes, Arkansas Derby*), and the Kentucky Derby, Preakness, and Belmont for the past 10 years:
Winning favorites are indicated with a gray background.
This year stands out for the both the highest average win mutuel ($34.01) of the past decade and for being the sole year in which no favorite won in the five preps or a classic. The next highest average ($32.05) was 2004, when Smarty Jones dominated Oaklawn and the first two legs of the Triple Crown, while Friends Lake and Castledale sprung upsets in the Florida Derby and Santa Anita Derby, respectively, and Birdstone shocked everyone in the Belmont.
Price-wise, 2006 was the least surprising year, with the lowest average win mutuel ($11.68); chaos still had its moment, when Kentucky Derby winner Barbaro broke down shortly after the start of the Preakness Stakes. The $27.80 paid to Bernardini backers was the highest price of the season.
Of the three classics, the Preakness has the lowest average win pay ($10.40), with six winning favorites, four of those Derby winners. The other two winning favorites were Rachel Alexandra in 2009 and Afleet Alex in 2005, contenders rightly tabbed as superior to upset Derby winners Mine That Bird and Giacomo.
Only one favorite has won the Belmont Stakes in the past 10 years, and that was Afleet Alex in 2005. Handicappers look for longshots in the Derby, but the Belmont has delivered a higher average price ($43.61) and a healthy ROI in recent years — if you had bet $2 to win on all 110 Belmont starters since 2002, you would have almost doubled your money.
*Grade 2 through 2009.
Trending Down
Alan posted a sharp analysis of the Florida Derby over on Left at Gate, noting that the Beyer speed figure of 93 given to Dialed In for the just-there win “is a good 6-8 points lower than one might like to see from him at this point.” It is, but the figure is also one that’s become quite typical of Derby prospects.
If you look at the Beyer speed figure earned by each Derby starter in their final Kentucky Derby prep (column PR-BSF in the spreadsheet below) from 1998-2010, you’ll notice a pretty steady decrease in the number of 100+ BSFs appearing in prep past performances. In 1998, only two starters had not earned a triple digit figure in their final prep or in one of their two prior starts as a 3-year-old (columns 2ND and 3RD below). In 2010, only two came into the Derby with a BSF of 100, and only three — Devil May Care, Sidney’s Candy, and Jackson Bend — had even earned a BSF of 100 in their careers.
Listed in order of finish. X = no BSF available.
As a group, the average Beyer speed figure earned by Derby starters in their final Derby prep has declined from 101 in 1998 to the low 90s in recent years:
Average Kentucky Derby field last-out BSFs, 1998-2010.
This year, only six Derby prospects have rated a BSF better than 100 as 3-year-olds, and only The Factor (103, Rebel) and Soldat (103, allowance) have done so at a distance greater than a mile. With the Wood, Illinois Derby, and Santa Anita Derby all this weekend, it’s likely at least one winner will break through with a solid triple digit figure. Eskendereya did so in 2010, getting a 109 in the Wood, a figure that would have stood out in Derby entries if he hadn’t sustained a career-ending injury before he could get to Churchill. It wouldn’t have done much for the field average, though, which was a mere 93.
Toward One Two-Turn Prep
Trainers have grown bold in their experiments with prepping Kentucky Derby prospects over the past decade, but the tradition of contenders getting in at least two two-turn races as a 3-year-old has held steady. Since 2003, only 14 nine of 153 Derby prospects have started without two two-turn preps. That small group has hasn’t done well: Big Brown won in 2008 Hard Spun was second in 2007, Closing Argument second in 2005, and Lion Heart second in 2004. If early Derby fave Uncle Mo wins this year, he’ll not only be the fifth winner in five years to have two preps, firmly establishing that norm, he’ll be the second in five years to have won with a single two-turn sophomore start; a new trend. Never again will any contender so prepped seem so exceptional.
9:15 AM Corrections: Mea culpa! I published without fact-checking. Usually I take time to confirm things, to prevent embarrassing mistakes — like the ones above. There have been nine Derby starters since 2003 without two two-turn preps, and Big Brown is not only the sole winner, he’s the only one to finish ITM. Hard Spun prepped in the Southwest and Lane’s End; Closing Argument in the Holy Bull (then nine furlongs) and Blue Grass; Lion Heart in the San Rafael and Blue Grass. My thanks to commenter PTP for the tip that something was off with his observation that trainer Larry Jones is old school — he is indeed, and that his first Derby contender would be unconventionally prepped is something about which I should have questioned my memory.
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Jessica Chapel writes and edits in Massachusetts. Railbird is a Thoroughbred horse racing blog published from June 2004 to July 2019. More / Contact
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