Gramm Wins BCBC over Kinchen. Donnelly Third.

Economics Professor and Race Horse Owner from Memphis, TN, Marshall Gramm, crushed the exacta in the Breeders’ Cup Classic to capture racing’s most lucrative live-money tournament this past weekend.  TV personality Jonathan Kinchen was second, while arguably the best contest handicapper in 2020, Dylan Donnelly was third.  This trio each turned their $7,500 bankrolls into over $100,000 by the conclusion of the weekend.

LEXINGTON, Ky. (Nov. 12, 2020) – Making the biggest wagering score of his life, Marshall Gramm, an economics professor at Rhodes College and a racehorse owner from Memphis, Tenn., nailed a cold exacta with Authentic and Improbable for $170,250 in the Longines Breeders’ Cup Classic (G1) to propel him to victory last Saturday in the 2020 Breeders’ Cup Betting Challenge.

The 12th annual Breeders’ Cup Betting Challenge, Thoroughbred racing’s biggest live-money tournament, held Nov. 6-7, featured 430 top horseplayers wagering on the two-day card of the 37th Breeders’ Cup World Championships at Keeneland Race Course in Lexington.

Marshall Gramm BCBC winner

Photo courtesy of Carlos Guerrero

Gramm, 47, finished with a total score of 170,250 points. Combined with his first-place prize of $322,500, Gramm had total winnings of $492,750. That put him ahead of second-place finisher Jonathon Kinchen, NYRA/Fox Sports television handicapper and analyst. Kinchen compiled 161,025.20 points, and combined with his second-place prize of $215,000, he had total winnings of $376,025.20. Dylan Donnelly, from Rancho Cucamonga, Calif., finished third with 136,200 points and $118,250 in prize money, for total winnings of $254,450.

In this year’s 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 $1,075,000. Players made real wagers (win, place, show, exacta, trifecta and daily double) with their $7,500 bankroll on 22 races over the two days and kept all monies earned from their wagering.

A big sports fan who grew up in Washington, D.C, Gramm loved “numbers and statistics,” and learned the handicapping game by reading books from noted racing journalist and author Andrew Beyer.

Gramm has played in the BCBC five of the last six years, registering his best finish in 2018, taking fifth place. He has been teaching economics at Rhodes College since 2000 and currently chairs the department. Gramm has taught a course at Rhodes called Economics of Racetrack Wagering Markets, which he describes as a class on “decision making, price discovery and probability.” Along with Clay Sanders, he is also co-managing partner of Ten Strike Racing, a stable that has won 338 races, including stakes winners Dot Matrix, Long on Value and Warrior’s Charge.

The biggest moment in recent Memphis horse racing history happened at this year’s Breeders’ Cup – local coverage of Gramm’s victory and the TN connection

Gramm experienced a range of emotions when he learned that he had won the tournament. “When I hit (the exacta), I was thrilled, my biggest score ever. You know you’ve had a great day, but it was nerve-racking, and a relief, and I will always be able to say that I am a BCBC Champion.”

In this year’s BCBC, Gramm was in contention throughout. On Friday, he cashed a $600 daily-double wager on Vequist in the Breeders’ Cup Juvenile Fillies (G1), followed by Aunt Pearl (IRE) capturing the Breeders’ Cup Juvenile Fillies Turf (G1). Those bets earned him $17,350 and he closed out the first day of competition in seventh place.

On Saturday, Gramm went “all in” on Monomoy Girl winning the Longines Breeders’ Cup Distaff (G1), wagering his $18,165 bankroll and more than doubling his money. After hitting on a minimum show bet in the Longines Breeders’ Cup Turf (G1), Gramm went into the Longines Breeders’ Cup Classic in 11th place with $36,930. In the climactic race of the World Championships, he made six individual exacta wagers using Authentic, Improbable and Tom’s d’Etat. Gramm wagered $7,500 on the Authentic-Improbable combination and won the tournament.

“Marshall is a dear friend and I am very happy for him. The BCBC is the Masters of handicapping contests. It’s not all about the money, it’s about the title. I wanted to win, but there are about three people in the world I am ok running second to, and Marshall is one of them.” ~ Runner-up Kinchen stated.

Due to COVID-19 restrictions at Keeneland, most of the BCBC tournament play was conducted online at TVG.com, the official Breeders’ Cup wagering partner, Xpressbet.com and NYRA Bets. The BCBC was also conducted at designated satellite locations at Monmouth Park in Oceanport, N.J., Gulfstream Park in Hallandale Beach, Fla., Del Mar racetrack in Del Mar, Calif., and at Santa Anita Park in Arcadia, Calif.

Online qualifying for the 2021 Breeders’ Cup Betting Challenge begins this Sunday, Nov. 15 on Horseplayers.com. A guaranteed 2021 BCBC berth will be awarded to the winner of the contest, which has a $500 entry fee and a low 1 per 23 ratio. Players can up for Sunday’s contest here.

ABOUT BREEDERS’ CUP

The Breeders’ Cup administers the Breeders’ Cup World Championships, Thoroughbred horse racing’s year-end Championships, as well as the Breeders’ Cup Challenge qualifying series, which provides automatic starting positions into the Championships races. The Breeders’ Cup is also a founding member of the Thoroughbred Safety Coalition, an organization composed of industry leaders committed to advancing safety measures in Thoroughbred racing and improving the well-being of equine and human athletes.

The 2020 Breeders’ Cup World Championships, consisting of 14 Championship races, was held on Nov. 6-7 at Keeneland Race Course in Lexington, Kentucky, and featured a total of $31 million in purses and awards. The event was televised live by the NBC Sports Group.

Source: Breeders’ Cup (edited press release)

Industry Profile: Handicapper Marshall Gramm, Memphis Rhodes Professor

The Rhodes professor has become one of world’s best at betting the horses

He grew up in Washington, D.C., poring over the horse racing odds that appeared in The Washington Post sports section. Then he went to Rice University in Houston, got his Ph.D. from Texas A&M, got hired by Rhodes College 19 years ago and never left Memphis.

After initially researching “bank regulation boring stuff,” he decided to turn his habit into his job. He began to use horse racing data to look at betting markets as a proxy for financial markets and pricing.

He’s also a co-founder and part-owner of Ten Strike Racing, a 10-year-old syndicate named after the 1884 winner of the Tennessee Stakes held in Memphis.

He owns about …