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.
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.
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.
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.