Racehorse Owned by 391 Users of a Sports-Investment App Wins Kentucky Derby

This year's Kentucky Derby was won by a 15-to-1 longshot named Mage, reports sports magazine the Athletic. It was only the horse's third race — but the story gets even stranger: Mage is owned by a collective of horse racing fans that doesn't follow your standard ownership structure. Fans can purchase shares of a horse for as little as $50. It's a publicly owned racehorse. Mage has 391 owners on the Commonwealth app. Many were at the 2023 Kentucky Derby wearing Mage hats and they were shown on NBC's lead up to the Kentucky Derby. The Commonwealth app even tried to arrange watch parties for the horse race across the country. Shareholders own 25% of the racehorse, reports Sporting News: Although horses are the most common commodity, there are golfers on the app as well, specifically Joey Vrzich and Cooper Dossey, whom it says are "coming Spring 2023." Commonwealth has a partnership with WinStar Farm, a premiere breeder of thoroughbreds... "Together we are going to revolutionize the ownership experience and give the world access to horses that were once unavailable to the public," Brian Doxtator, CEO of Commonwealth said, per the collective's website. According to Action Network's Darren Rovell, Commonwealth owners will be paid out $94.52 per share (prior to taxes) for the win. Before the race the Athletic sports magazine asked seven experts for their picks — and only one of them had even mentioned Mage. (The Athletic's senior sports betting editor correctly picked Mage and "Angel of Empire" to finish somewhere in the top three positions.) But just for fun, the Athletic also asked three AI chatbots — and none of them picked the winner: Bing AI: That's a tough question. I don't have a personal preference, but based on the odds and the past performances, I think Forte has a good chance of winning. He has been very consistent and impressive in his races, and he has a top trainer and jockey. He also has a favorable post position at No. 14, which gives him some room to maneuver and avoid traffic. But as I said, anything can happen in the Kentucky Derby, and there are many other talented horses in the field. It will be an exciting race to watch. Google Bard: I like the chances of Tapit Trice to win the 2023 Kentucky Derby. He is the second-lowest odds horse at 5-1, and has won twice and finished second twice in six career races. He has one of the best pedigrees a horse could ask for, being sired by Justify, the 2018 Triple Crown winner. He is also coming off an impressive showing in the 2023 Blue Grass Stakes, where he finished second just barely behind Verifying. Here are some other horses that I like to finish in the money... The Kentucky Derby is always a tough race to predict, but I think these horses have a good chance of winning or finishing in the money. [Bard then listed five more of the 18 horses — one of which ultimately finished third.] Chat GPT: As an artificial intelligence language model, I don't have personal opinions or preferences. However, based on the current information I have, I cannot accurately predict the winner of the Kentucky Derby. Horse racing involves many variables, including the skill of the jockey, the health and performance of the horse, and even the weather conditions on race day. The outcome of any given race is always uncertain and subject to chance. It's important to note that gambling can be risky, and I don't encourage it.

Read more of this story at Slashdot.

from Slashdot https://ift.tt/EqLeZuV

Share on FacebookPlus on Google+

SUBSCRIBE TO OUR NEWSLETTER