Bet and Set Tournaments

Bet and Set Tournament Details & Examples

TOURNAMENT FORMAT

This tournament is conducted in a Bet and Set format. All selections and all tournament wagers must be made prior to the first eligible contest race.

Selections are final once the selection deadline has passed. Selections for ALL contest races will close once the FIRST contest race begins. Participants may not edit, modify, or replace selections after the first contest race begins.

All wagers must be placed via the TwinSpires Tournament interface before the first contest race goes off.

• Players must wager at least $10 of their Tournament Bankroll across at least five (5) of the races at designated racetrack (ex. at Fair Grounds) on the tournament date.
• Players must wager at least $2 in a given race for such wagering to count towards minimum amount of wagered-upon races.
• The eligible races are Races 1-5 at selected track on selected date (ex. at Fair Grounds on Tuesday, February 17, 2026). 
• The following wager types will count as tournament wagers: Win/Place. No other wager types, nor any wagering placed outside of the TwinSpires Tournament interface will count toward the tournament.
• The participant with the largest Tournament Bankroll after the last race eligible for the tournament will be declared the winner. Prizes will be awarded following the prize allocation described above to participants in their order of finish in the tournament, based upon the amount of funds in their Tournament Bankroll at the conclusion of the tournament.
• Regardless of whether any participant wins a prize from the prize pool, all remaining funds (including remaining Tournament Bankroll funds plus any pari-mutuel winnings from wagers made in tournament) will be transferred to the participant’s primary TwinSpires account within seventy-two (72) hours of the conclusion of the tournament.
• In the event of a cancellation of the race card, TwinSpires reserves the right to designate a substitute racetrack or cancel the tournament and issue refunds to all participants.

SCRATCHES

Wagers placed on scratched horses shall receive no payout in the competition; however, wager amounts will be refunded to the Tournament Bankroll in accordance with standard pari-mutuel rules.

All selections and wagers must be submitted prior to the first eligible contest race. Once the first contest race begins, selections are final and may not be edited, modified, replaced, or cancelled for any reason.

If a selected horse is scratched prior to the first contest race, the participant may modify their selection before the selection deadline.

If a selected horse is scratched after the selection deadline has passed, the selection shall remain final and the wager amount will be refunded to the Tournament Bankroll pursuant to standard pari-mutuel rules. No replacement selections will be permitted.

Selections will not re-open due to late scratches, including scratches occurring at the gate.

Participants must satisfy all minimum wagering amount and race participation requirements prior to the first contest race. Failure to meet tournament wagering requirements due to scratches, late scratches, race cancellations, or non-starters will not excuse non-compliance and may result in disqualification.

If an eligible contest race is cancelled or declared “no contest,” wagers placed on that race will be refunded pursuant to standard pari-mutuel rules. The tournament shall otherwise continue as scheduled, and no additional wagering opportunities will be provided.

All tournament wagers must be placed using the TwinSpires Tournament interface.

PLAYING IN CONTESTS AND TOURNAMENTS VIA TWINSPIRES

On the day of the contest or tournament, after registering for the contest or tournament, the player must access the TwinSpires Tournament interface and place any and all contest/tournament wagers solely via the TwinSpires Tournament interface.

Requested wagers that are unsuccessful, ineffective or non-permissible for any reason (including any and all track errors, tote malfunction, communications failures, etc.) will be canceled and the full wagered amount will be refunded to your account.

Wager cancellation limits imposed on a participant’s primary TwinSpires account (pursuant to the TwinSpires Terms and Conditions) will be cumulative between tournament and non-tournament wafers. Wagers cancelled in the participant’s primary account and wagers cancelled in the tournament account will count against the same cumulative cancellation limits for both number of cancellations as well as the dollar amount of cancelled tickets.

TOURNAMENT STANDINGS

Tournament standings will be based off each participant’s Tournament Bankroll on their official tournament entry. Standings will rank all Tournament Bankrolls based off dollar value from largest to smallest, with first place being the largest Tournament Bankroll and last place being the smallest Tournament Bankroll.

Current standingswill be posted after every race, or as soon as the information is available. Leaderboards and complete standings will be available on the TwinSpires Tournament interface.

Following the completion of the tournament, TwinSpires’ systems will determine whether entrants have satisfied any relevant contest-specific rules, such as minimum wager amounts, minimum races wagered, cumulative wager requirements, or others.  If a participant does not meet any relevant requirements, they will be disqualified from the contest, and their displayed leaderboard position will move to the bottom (regardless of their position immediately following the tournament conclusion) and will display a “DQ” designation in place of a numeric position.

TIES

Tiebreaker Procedure in the Event the Prize is a Tournament Entry or Other Non-Cash Prize

In the eventof a tie amongst eligiblecontestants at the conclusion of the finallive tournament race (a tie being where participants have an equal Tournament Bankroll amount), the following tiebreakers will be enforced in order to award non-cash prizes (such as in feeder/qualifier tournaments in which a subsequent entry is a prize, or in tournaments with a trip, tickets, etc. as a prize). 

• Live bankroll tournaments:
  • Most money used on eligible contest wagers.
  • Number of winning wagers of any kind from eligible contest wagers.
  • Highest individual payout amount from one eligible contest wager.
  • Player that registered for the tournament first, chronologically.

TwinSpires will start with the first tiebreaker; if thereis still a tie, TwinSpires will utilize the second tie-breaker, and so on, until any ties are resolved and all prizes are awarded.

Please note that the live leaderboard may not reflect the application of any tiebreakers, which will only be applied following a post-tournament audit process.

Tiebreaker Procedure in the Event the Prize at Issue is a Cash Prize

If a tie occurs in one or more places in the standings that will earn a cash prize, then the cash prizes for that tied placing and any subsequent tied placings will be combined and split evenly among the tied participant. For example, if two participants finish tied for fifth place in the final standings, then the cash prize for fifth place and the cash prize for sixth place will be combined and then divided evenly among the participant tied for fifth place. In the event that a cash prize is available to only one finishing position and more than one participant are tied in that position, all participants tied in that position will evenly split the cash prize pertaining to that position.

Bet and Set Tournament Example...

$20 Fair Grounds Challenge

OFFICIAL RULES

Live Bankroll Cash Tournament 

The terms and conditions set forth below apply to the account holder’s participation in the tournament or contest described herein. Except as set forth below, the general Terms and Conditions of TwinSpires.com (https://www.twinspires.com/terms) apply to the activities of tournaments and contests and are incorporated herein. For the avoidance of doubt, in the event that the terms and provisions set forth below conflict with the general Terms and Conditions of TwinSpires.com, the terms set forth below shall prevail as it relates to the contest or tournament activity. If any term or condition set forth below is deemed invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or condition below nor invalidate or render unenforceable such term or condition in any other jurisdiction. Tournament and contest wagers will not count toward any other individual offer except where expressly indicated.

TOURNAMENT DATE: Tuesday, February 17, 2026

BUY-IN: $20 total buy-in per entry ($10 goes to Tournament Bankroll / $10 prize pool), 100% of the prize pool component of entry fees paid out as prizes

MAXIMUM ENTRIES: Maximum of two (2) entries per person, per tournament.

PLAYER’S BANKROLL AND PRIZE POOL ENTRY FEE

These are “real money” handicapping tournaments. To enter, participants must pay a $xxx buy-in, per entry. From each buy-in, $xx will be used for a participant’s bankroll (the “Tournament Bankroll”), while the remaining $xx will be allocated to theprize pool (100%of the components of entry fees contributed to the prize pool will be paid out as prizes; the portion contributed to the Tournament Bankroll is used for wagering and is not part of what is paid out as prizes). Participants may compete onlineat www.twinspires.com.

Online Participation

Players must make their wagers by logging in to their TwinSpires account and playing in the tournament via the TwinSpires Tournament interface, which can be accessed by clicking on the tournament name after having registered. Regular wagers not placed through the TwinSpires Tournament interface do not count toward this tournament. Tournament wagers cannot be placed via telephone, whether with live operators or IVR. For questions, please contact TwinSpires Player Services. Players must have a TwinSpires account in good standing to play. All contest winnings are the property of the player.

TO ENTER

As mentioned previously, playersregister for and participate in the tournament online at www.twinspires.com. Registration is available for tournaments by clicking on the “Tournaments” link from the main menu. Unless otherwise noted for multi-day contests, each day this tournament is offered is a separate tournament. There is a maximum of two (2) entriesper person, per tournament.

Entries will be accepted up until [time] on the tournament date. Participants must register for the tournament prior to attempting to place tournament wagers.

Online registration begins approximately five (5) days in advance of each tournament. To enter and play in these contests, please follow all posted instructions at www.twinspires.com. Entrants must already have or register for a valid TwinSpires account that is in good standing, subject to the TwinSpires Terms and Conditions. Players must be at least 18 years old to participate, or older in jurisdictions in which the wagering age is higher (including Arizona, Indiana, and Iowa residents, who must be at least 21 years of age). Residents of the states of Michigan and Washington are not eligible to participate in these tournaments. Residents of jurisdictions(s) in which online wagering on racing at [track] is not available are also not eligible to participate in these tournaments online.  All tournament registrations are final, and no entry fees will be refunded (although unused Tournament Bankroll funds, including any unused winnings from successful wagers, will be returned upon the conclusion of the tournament).

PRIZES

This is a “live money” tournament in which 100% of all paidentry fees (the portion contributed to the prize pool; not the portion contributed to the Tournament Bankroll, which is used for wagering) will be awarded as cash prizes. The final prize pool will be announced following the closure of registration for each tournament.

Cash prizes will be awarded to a certain number of top participants in the tournament based upon the amount of funds in their Tournament Bankroll at the conclusion of the tournament. Prizes will be awarded as the following percentages of the prize pool, depending on the number of participants:

TOURNAMENT FORMAT

This tournament is conducted in a Bet and Set format. All selections and all tournament wagers must be made prior to the first eligible contest race.

Selections are final once the selection deadline has passed. Selections for ALL contest races will close once the FIRST contest race begins. Participants may not edit, modify, or replace selections after the first contest race begins.

All wagers must be placed via the TwinSpires Tournament interface before the first contest race goes off.

• Players must wager at least $20 of their Tournament Bankroll across at least five (5) of the races Fair Grounds on the tournament date
• Players must wager at least $2 in a race to count towards minimum amount of wagered races.
• The eligible races are Races 1-5 at Fairgrounds on Tuesday, February 17, 2026.
• The following wager types will count as tournament wagers: Win/Place. No other wager types, nor any wagering placed outside of the TwinSpires Tournament interface will count toward the tournament.
• The participant with the largestTournament Bankroll after the last race eligible for the tournament will be declared the winner.  Prizes will be awarded following the prize allocation described above to participants in their order of finish in the tournament, based upon the amount of funds in their Tournament Bankroll at the conclusion of the tournament.
• Regardless of whether any participant wins a prize from the prize pool, all remaining funds (including remaining Tournament Bankroll funds plus any pari-mutuel winnings from wagers made in tournament) will be transferred to the participant’s primary TwinSpires account within seventy-two (72) hours of the conclusion of the tournament.
• In the event of a cancellation of the race card, TwinSpires reserves the right to designate a substitute racetrack or cancel the tournament and issue refunds to all participants.

It is each participant’s sole responsibility to meet the wagering requirements listed above. If any tournament entry fails to comply with any or all of the above-reference wagering requirements, that entry shall be disqualified from the tournament, and that entry will be ineligible to be awarded any prizes. 

TwinSpires will make the decision on disqualification in the event of a rule violation and all decisions are final. Entry fees will not be refunded in the event of a disqualification.

SCRATCHES

Wagers placed on scratched horses shall receive no payout in the competition; however, wager amounts will be refunded to the Tournament Bankroll in accordance with standard pari-mutuel rules.

All selections and wagers must be submitted prior to the first eligible contest race. Once the first contest race begins, selections are final and may not be edited, modified, replaced, or cancelled for any reason.

If a selected horse is scratched prior to the first contest race, the participant may modify their selection before the selection deadline.

If a selected horse is scratched after the selection deadline has passed, the selection shall remain final and the wager amount will be refunded to the Tournament Bankroll pursuant to standard pari-mutuel rules. No replacement selections will be permitted.

Selections will not re-open due to late scratches, including scratches occurring at the gate.

Participants must satisfy all minimum wagering amount and race participation requirements prior to the first contest race. Failure to meet tournament wagering requirements due to scratches, late scratches, race cancellations, or non-starters will not excuse non-compliance and may result in disqualification.

If an eligible contest race is cancelled or declared “no contest,” wagers placed on that race will be refunded pursuant to standard pari-mutuel rules. The tournament shall otherwise continue as scheduled, and no additional wagering opportunities will be provided.

All tournament wagers must be placed using the TwinSpires Tournament interface.

PLAYING IN CONTESTS AND TOURNAMENTS VIA TWINSPIRES

On the day of the contest or tournament, after registering for the contest or tournament, the player must access the TwinSpires Tournament interface and place any and all contest/tournament wagers solely via the TwinSpires Tournament interface.

Requested wagers that are unsuccessful, ineffective or non-permissible for any reason (including any and all track errors, tote malfunction, communications failures, etc.) will be canceled and the full wagered amount will be refunded to your account.

Wager cancellation limits imposed on a participant’s primary TwinSpires account (pursuant to the TwinSpires Terms and Conditions) will be cumulative between tournament and non-tournament wafers.  Wagers cancelled in the participant primary account and wagers cancelled in the tournament account will count against the same cumulative cancellation limits for both number of cancellations as well as the dollar amount of cancelled tickets.

TOURNAMENT STANDINGS

Tournament standings will be based off each participant’s Tournament Bankroll on their official tournament entry. Standings will rank all Tournament Bankrolls based off dollar value from largest to smallest, with first place being the largest Tournament Bankroll and last place being the smallest Tournament Bankroll.

Current standings will be posted after every race, or as soon as the information is available. Leaderboards, and complete standings will be available on the TwinSpires Tournament interface.

Following the completion of the tournament, TwinSpires’ systems will determine whether entrants have satisfied any relevant contest-specific rules, such as minimum wager amounts, minimum races wagered, cumulative wager requirements, or others.  If a participant does not meet any relevant requirements, they will be disqualified from the contest, and their displayed leaderboard position will move to the bottom (regardless of their position immediately following the tournament conclusion) and will display a “DQ” designation in place of a numeric position.

TIES

Tiebreaker Procedure in the Event the Prize is a Tournament Entry or Other Non-Cash Prize

In the eventof a tie amongst eligiblecontestants at the conclusion of the finallive tournament race 

(a tie being where participants have an equal Tournament Bankroll amount), the following tiebreakers will be enforced in order to award non-cash prizes (such as in feeder/qualifier tournaments in which a subsequent entry is a prize, or in tournaments with a trip, tickets, etc. as a prize). 

• Live bankroll tournaments:
  • Most money used on eligible contest wagers.
  • Number of winning wagers of any kind from eligible contest wagers.
  • Highest individual payout amount from one eligible contest wager.
  • Player that registered for the tournament first, chronologically.

TwinSpires will start with the first tiebreaker; if thereis still a tie, TwinSpires will utilize the second tie-breaker, and so on, until any ties are resolved and all prizes are awarded.

Please note that the live leaderboard may not reflect the application of any tiebreakers, which will only be applied following a post-tournament audit process.

Tiebreaker Procedure in the Event the Prize at Issue is a Cash Prize

If a tie occurs in one or more places in the standings that will earn a cash prize, then the cash prizes for that tied placing and any subsequent tied placings will be combined and split evenly among the tied participant. For example, if two participant finish tied for fifth place in the final standings, then the cash prize for fifth place and the cash prize for sixth place will be combined and then divided evenly among the participant tied for fifth place. In the event that a cash prize is available to only one finishing position and more than one participant are tied in that position, all participants tied in that position will evenly split the cash prize pertaining to that position.