{"id":2682,"date":"2015-06-08T16:44:33","date_gmt":"2015-06-09T00:44:33","guid":{"rendered":"http:\/\/associatednews.info\/content\/thousands-who-bet-on-american-pharoah-are-keeping-the-tickets\/2682\/"},"modified":"2015-06-08T16:44:33","modified_gmt":"2015-06-09T00:44:33","slug":"thousands-who-bet-on-american-pharoah-are-keeping-the-tickets","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/thousands-who-bet-on-american-pharoah-are-keeping-the-tickets\/","title":{"rendered":"Thousands Who Bet On American Pharoah Are Keeping The Tickets"},"content":{"rendered":"

By Bill Chappell<\/a><\/span> <\/p>\n

\"Not<\/a><\/div>\n
\n
<\/div>\n
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Not all winning tickets are being cashed in, after American Pharoah took the Belmont Stakes to complete the first Triple Crown in 37 years. Seth Wenig\/AP<\/strong> hide caption<\/strong><\/p>\n<\/div>\n

i<\/strong>toggle caption Seth Wenig\/AP<\/span><\/div>\n<\/div>\n

Instead of turning in a $2 ticket that would pay $3.80 for American Pharoah winning the Belmont Stakes, most people who bought the tickets are hanging on to them as keepsakes \u2014 or even investments.<\/p>\n

American Pharoah became the first horse since Affirmed in 1978 to win the venerable Triple Crown. The three-year-old colt entered Saturday’s race as a heavy favorite \u2014 and it seems that thousands of people who bet on him to win were doing so in the hopes of getting a souvenir.<\/p>\n

“Of the 94,128 $2 win wagers placed on American Pharoah from Friday until Saturday’s Belmont, 90,237 (nearly 96 percent) remain live \u2014 uncashed \u2014 according to figures released Monday by AmTote International,” the AP says.<\/p>\n

Even before his historic win, betting tickets that backed American Pharoah were drawing a premium. CNN Money reported<\/a> on Friday:<\/p>\n

\n
\n

“A winning ticket might pay just a few bucks at the window, but it could soon be worth as much as $100 as a collectors item, according to Stephen Costello, executive vice president of Steiner Sports, a sports memorabilia seller.<\/p>\n

“Tickets were already trading on eBay… for more than their face value before American Pharoah took the Triple Crown. One winning ticket that paid $2 has been bid up to $21.50. And those prices are likely to keep climbing.”<\/p>\n<\/div>\n<\/blockquote>\n

American Pharoah has returned to Kentucky, where he’ll be celebrated for breaking the Triple Crown drought. The horse will continue to train and race<\/a>, his owners say.<\/p>\n

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org\/content-only\/faq.php#publishers.<\/em><\/p>\n

Source:: http:\/\/www.npr.org\/sections\/thetwo-way\/2015\/06\/08\/412966043\/thousands-who-bet-on-american-pharoah-are-keeping-the-tickets?utm_medium=RSS&utm_campaign=sports<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\"Not<\/a><\/div>\n
\n
<\/div>\n
\n
\n

Not all winning tickets are being cashed in, after American Pharoah took the Belmont Stakes to complete the first Triple Crown in 37 years. Seth Wenig\/AP<\/strong> hide caption<\/strong><\/p>\n<\/div>\n

i<\/strong>toggle caption Seth Wenig\/AP<\/span><\/div>\n<\/div>\n

Instead of turning in a $2 ticket that would pay $3.80 for American Pharoah winning the Belmont Stakes, most people who bought the tickets are hanging on to them as keepsakes \u2014 or even investments.<\/p>\n

American Pharoah became the first horse since Affirmed in 1978 to win the venerable Triple Crown. The three-year-old colt entered Saturday’s race as a heavy favorite \u2014 and it seems that thousands of people who bet on him to win were doing so in the hopes of getting a souvenir.<\/p>\n

“Of the 94,128 $2 win wagers placed on American Pharoah from Friday until Saturday’s Belmont, 90,237 (nearly 96 percent) remain live \u2014 uncashed \u2014 according to figures released Monday by AmTote International,” the AP says.<\/p>\n

Even before his historic win, betting tickets that backed American Pharoah were drawing a premium. CNN Money reported<\/a> on Friday:<\/p>\n

\n
\n

“A winning ticket might pay just a few bucks at the window, but it could soon be worth as much as $100 as a collectors item, according to Stephen Costello, executive vice president of Steiner Sports, a sports memorabilia seller.<\/p>\n

“Tickets were already trading on eBay… for more than their face value before American Pharoah took the Triple Crown. One winning ticket that paid $2 has been bid up to $21.50. And those prices are likely to keep climbing.”<\/p>\n<\/div>\n<\/blockquote>\n

American Pharoah has returned to Kentucky, where he’ll be celebrated for breaking the Triple Crown drought. The horse will continue to train and race<\/a>, his owners say.<\/p>\n

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org\/content-only\/faq.php#publishers.<\/em><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2682","post","type-post","status-publish","format-standard","hentry","category-sports-recreation"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/2682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=2682"}],"version-history":[{"count":0,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/2682\/revisions"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=2682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=2682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=2682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}