The Everest in review – which slot owners have turned a profit?
FEW could argue after the first two runnings of The Everest that the race has not been a resounding success.
Huge crowds have flocked to Royal Randwick across both years and the significant uptick in media attention saw the 2018 edition of the race exceed even the wildest expectations for the event.
The event itself has been a success, but how has it been for the participants?
We’ve taken a look at each of the 12 slot holders across the opening two years of The Everest and analysied whether their $1.8 million investment over three years has been a boom or bust investment.
A slot in the Everest costs $600,000 per year, so we have deducted that cost from the prizemoney accumulated so far. Let’s take a look at which slot owners have made shrewd investments and which ones will be regretting they took the chance.
Slot Holder: Aquis Farm
2017 Finishing Position & Prizemoney: 7th Houtzen | $175,000
2018 Finishing Position & Prizemoney: 2nd Trapeze Artist | $2.1 million
A second placed finish from Trapeze Artist in the 2018 saw Aquis Farm generate a profit following a disappointing seven from Houtzen in the first ever Everest.
Net Result: $1,057,000 Profit
Slot Holder: ATC
2017 Finishing Position & Prizemoney: 3rd Brave Smash | $800,000
2018 Finishing Position & Prizemoney: 3rd Osborne Bulls | $1.2 million
The ATC will be thanking their lucky stars they took the plunge on the Everest experiment.
Back-to-back third placed finishes has seen the turf club deliver almost one and a half million in profit across the opening two years of the race.
Net Result: $800,000 Profit
Slot Holder: Chris Waller Racing
2017 Finishing Position & Prizemoney: 9th Deploy | $175,000
2018 Finishing Position & Prizemoney: 8th Brave Smash | $300,000
Chris Waller might be on-fire in the training stakes but his slot has failed to generate a horse that has finished inside the top half of The Everest.
Brave Smash was Waller’s best finish in the race, despite finishing five places worse than he did the year prior.
Net Result: $725,000 Loss
Slot Holder: Coolmore
2017 Finishing Position & Prizemoney: 5th Tulip | $250,000
2018 Finishing Position & Prizemoney: 9th US Navy Flag | $300,000
The risk of bringing over an international runner didn’t pay dividends for the Coolmore team as US Navy Flag failed to fire in the wet conditions.
Coolmore will need to finish sixth or better to make a profit across the three years of slot ownership.
Net Result: $50,000 Loss
Slot Holder: Damion Flower
2017 Finishing Position & Prizemoney:1st Redzel | $5.8 million
2018 Finishing Position & Prizemoney: 10th Viddora | $300,000
The Damion Flower team gets two free swings at The Everest after taking out the inaugural running of the race.
Viddora ran a disappointing 10th in the race in 2018, but the Flower slot still has a healthy profit margin after two runnings of The Everest.
Net Result: $4,900,000 Profit
Slot Holder: GPI Racing (Greg Ingham)
2017 Finishing Position & Prizemoney: 4th Chautauqua | $400,000
2018 Finishing Position & Prizemoney: 4th Le Romain | $820,000
Back-to-back fourth placed finishes has seen GPI Racing turn over a slight profit after two runnings of The Everest. Unfortunately Chautuaqua’s fourth placed finish was worth almost half of what Le Romain’s did in 2018, meaning the profit is only marginal.
Net Result: $20,000 Profit
Slot Holder: Inglis
2017 Finishing Position & Prizemoney: 12th Fell Swoop | $175,000
2018 Finishing Position & Prizemoney: 6th Santa Ana Lane | $350,000
Incurring a last placed finish in the inaugural running of The Everest proved fatal for Inglis. Despite recouping 2018’s investment with an additional $50,000 through Santa Ana Lane’s sixth placed finish, Inglis will still take a sizable loss into year three.
Net Result: $675,000 Loss
Slot Holder: James Harron
2017 Finishing Position & Prizemoney: 8th Clearly Innocent | $175,000
2018 Finishing Position & Prizemoney: 12th Vega Magic | $300,000
A punt on last year’s runner up Vega Magic didn’t yield the result the James Harron team would have wanted after the Lindsay Park sprinter finished dead last in 2018.
To get their investment in the black James Harron needs to have a runner finish within the placings in 2019.
Net Result: $625,000 Loss
Slot Holder: Max Whitby
2017 Finishing Position & Prizemoney: 2nd Vega Magic | $1.425 Million
2018 Finishing Position & Prizemoney: 5th Graff | $600,000
Strong performances in both races has seen Max Whitby turn a tidy profit heading into the final year.
Vega Magic’s strong second in 2017 means even if Whitby’s runner rounds out the field in 2019 the team is still looking at close to half a million dollars profit across the three years.
Net Result: $825,000 Profit
Slot Holder: TAB
2017 Finishing Position & Prizemoney: 6th English | $175,000
2018 Finishing Position & Prizemoney: 7th In Her Time | $300,000
The TAB may sponsor The Everest but they have had a horror run in selecting runners to take part.
The 2017 sixth placed finish by English has been their best result to date, meaning the TAB will need a finish inside the quinella placings next year to recoup the investment.
Net Result: $725,000 Loss
Slot Holder: The Star Casino
2017 Finishing Position & Prizemoney: 10th Redkirk Warrior | $175,000
2018 Finishing Position & Prizemoney: 11th Shoals | $300,000
Star City Casino’s luck in The Everest mirriors that of the TAB.
Never producing a runner that’s finished inside single figures in The Everest, nothing short of a first or a second placed finish in 2019 will see the Casino turn a profit.
Net Result: $725,000 Loss
Slot Holder: Yu Long Investments
2017 Finishing Position & Prizemoney: 11th She Will Reign $175,000
2018 Finishing Position & Prizemoney: 1st Redzel | $6 million
After staring down the barrel of a poor showing in the 2017 Everest, Yu Long Investments made the right call by taking Redzel into the 2018 edition.
Taking home the $6 million winner’s cheque means this slot is the most profitable of them all.
Net Result: $4,975,000 Profit