No more bets. Well for now. Pool 4, traditionally the final future wagering pool for the Kentucky Derby, closed on Sunday. As expected, the betting public is no closer to projecting a winner than they were after Pool 1.

The mutual field, favored since the betting began, is still the popular choice and listed at 3-1. Trainer Barclay Tagg’s Tiz the Law and Bob Baffert’s Charlatan are currently 5-1. Maxfield and Nadal were respected respectively by bettors with both exiting the weekend at 9-1.

With the “Run for the Roses” pushed back to the first Saturday in September, the win handle for the “final” derby pool was an underwhelming $144,348. Down 57 percent from last year’ $500,407. Officials at Churchill informed the Kentucky Racing Commission that they intend to offer two additional future pools, one in July, the other in August. However, they added that wagers on the first three pools will be honored. This didn’t sit well with early-bird bettors who were looking for refunds after the Derby was rescheduled for late summer. Social media spearheading the criticism. Even calling for a boycott which may or may not have had an effect on the Pool 4 handle.

The Wood Memorial, Blue Grass and Santa Anita Derby, all major preps on the Triple Crown campaign, will be run at a date to be determined. The Arkansas Derby will be run on the first Saturday in May.

[Read More…]