WEBVTT - Peter Rotondo Jr., Bloomberg's Ettl, on Belmont Stakes (Audio)

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<v Speaker 1>Bloomberg Business flash. This is taking stock with Kathleen Hayes

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<v Speaker 1>and Pim Fox on Bloomberg Radio. The test of champions,

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<v Speaker 1>and that's what the Belmont Stakes is often called. It

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<v Speaker 1>certainly attracts great horses, a great day of horse racing. Uh.

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<v Speaker 1>But of course, prior to this year's Preakness, many people

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<v Speaker 1>were hoping that the Belmont Stakes would be the pursuit

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<v Speaker 1>of another triple crown. But when runner up Kentucky Derby

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<v Speaker 1>Finish your Exaggerator splashed his way past Derby Champ Nyquist

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<v Speaker 1>over that sloppy Pimlico track, the subject of back to

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<v Speaker 1>back triple crowns was quickly put to an end. But

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<v Speaker 1>that does not diminish the importance or the excitement of

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<v Speaker 1>this race. He's back Peter Rotondo Jr. He's as President

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<v Speaker 1>of Media and Entertainment at the Breeders Cup. He's based

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<v Speaker 1>in New York. Joining me in studio is Gary Edel.

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<v Speaker 1>He's an analyst at Bloomberg LP. He's also a horse

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<v Speaker 1>racing owner. He's a tournament player, he's been involved in

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<v Speaker 1>horse racing for many, many years, and he's always a big,

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<v Speaker 1>big promoter of getting this this, uh, this sport on

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<v Speaker 1>the air. So I welcome you both. Peter. Let's start

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<v Speaker 1>with you explain to our listeners why the Belmont Stakes

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<v Speaker 1>is so important to horse racing. Well, the Belmont, I mean,

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<v Speaker 1>you know, it's the third leg of the Triple Crown.

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<v Speaker 1>It's New york biggest race by far, and obviously if

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<v Speaker 1>it's anything in New York, it's amplified, um as we know.

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<v Speaker 1>So you know there'll be about seventy thousand people here

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<v Speaker 1>and probably tomorrow. Last year it was ninety thousand for

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<v Speaker 1>the Triple Crown, the American parall Win, and it's basically

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<v Speaker 1>New York state to shine. I mean, and you know

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<v Speaker 1>the guy that New York Racing Association put on a

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<v Speaker 1>great card of other races as well. The Balmont, the

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<v Speaker 1>keep it. They're giving away many many millions tomorrow. It's

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<v Speaker 1>a huge day. So uh, let's go to you, Gary Addle,

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<v Speaker 1>because as someone who you you follow this sport for

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<v Speaker 1>so long and you're not just someone who likes to

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<v Speaker 1>bed on horses. You're someone who's been really actively involved

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<v Speaker 1>and you're really passionate about it as you look at it.

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<v Speaker 1>You know, when you look at the Breeders Cup, when

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<v Speaker 1>you look at the Derby, when you look at Belmont,

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<v Speaker 1>how do they stack up? Well, you want to know something.

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<v Speaker 1>You know, I was looking at the card today and

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<v Speaker 1>you can see I am so enthusiastic about tomorrow. I'm

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<v Speaker 1>jumping out of my seat right now. So, Peter, happy

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<v Speaker 1>Belmont Steaks Eve and you know, next to the Breeders Cup,

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<v Speaker 1>this is uh, you know, probably the best racing card

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<v Speaker 1>that I've seen. I was doing some handicap and cost

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<v Speaker 1>wasn't doing the handicap and at work was doing it

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<v Speaker 1>the night. We need that, we assume that. But Peter,

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<v Speaker 1>what makes a great racing card? Well, it's it's full field.

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<v Speaker 1>You know, many horses running, uh in each race, of

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<v Speaker 1>just top quality horses, you know, horses that have run

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<v Speaker 1>in Grade one races. It's just like um, you know

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<v Speaker 1>other athletic events. You know, there's this different levels of

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<v Speaker 1>competition and the Grade one is the best and there

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<v Speaker 1>are I think five Grade ones tomorrow on the car

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<v Speaker 1>So it's the best of the best. And it kicks

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<v Speaker 1>off basically the second season as it leads to the

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<v Speaker 1>Breeders Cup in November. So Belmont Stakes today is literally

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<v Speaker 1>the kick off to the second season. Who are you

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<v Speaker 1>betting on, Peter? How are you handicapping this race? You know?

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<v Speaker 1>The Belmont is my dad. I got Eve from Credit.

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<v Speaker 1>You know. He's we call him the King of the

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<v Speaker 1>Belmont because he's had four huge price horses win over

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<v Speaker 1>the last ten years. And I'm talking huge, like I

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<v Speaker 1>paid a hundred and forty dollars to win on a

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<v Speaker 1>two dollar bet back a couple of years ago, and

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<v Speaker 1>he had another horse, okayed sixty. So it's funny. I

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<v Speaker 1>look at the race. I try to put his lens

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<v Speaker 1>on when I look at it because he has a

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<v Speaker 1>knack for picking the Belmont. And I ran into him

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<v Speaker 1>this morning here at Belmont and I said, I I

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<v Speaker 1>know who you picked. I don't even and we literally

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<v Speaker 1>didn't even have to talk about it. And that's because

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<v Speaker 1>I know exactly and I see it like he does

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<v Speaker 1>as well. And that's number one. Governor Malibu. Uh, there's

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<v Speaker 1>a race called the Peter pan Uh, believe it or not,

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<v Speaker 1>and it's run at Belmont a couple of weeks, a

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<v Speaker 1>couple of weeks before the Belmont, and it's a good

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<v Speaker 1>prep race for the horses to run the mile and

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<v Speaker 1>a half distance. And he ran really well. He just

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<v Speaker 1>got beat. And this is his third race office he

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<v Speaker 1>had a little layoff and this is his third race back.

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<v Speaker 1>He'll be sitting a perfect trip. And I think you're

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<v Speaker 1>gonna get probably ten twelve to one on them. So

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<v Speaker 1>Governor Malibu, me, Dad, and even lead team Rotunda, we're all.

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<v Speaker 1>We're all on them, which can rarely happens. They all

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<v Speaker 1>pick the same horse team Rotundo. Uh and Gary, you

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<v Speaker 1>like to compare. And so you're working at Bloomberg LP

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<v Speaker 1>and being into horse racing. You see these analogies. And

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<v Speaker 1>of course Peter's dad traded for an exchange right his

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<v Speaker 1>partner gree So you you, Gary, often make you show

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<v Speaker 1>us the connections we need horse racing and financial markets.

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<v Speaker 1>Well you know what it's It's all about data and

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<v Speaker 1>probably horse racing has the most data behind it than

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<v Speaker 1>any other sport out there. And Uh, I know with

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<v Speaker 1>Peter and I had the opportunity a couple of days

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<v Speaker 1>ago to look at a new platform that is being

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<v Speaker 1>developed that is really going to take racing and analytics

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<v Speaker 1>and data to the next level. But you know, Peter,

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<v Speaker 1>since uh you know, your dad and Lee were on

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<v Speaker 1>Morgan Spurlock Show Inside Man, what are they too too

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<v Speaker 1>good for us now to come on the air. Yeah,

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<v Speaker 1>you know, I mean they walk around Belmont like celebrities. Now.

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<v Speaker 1>It's like literally their head can't sit in the door

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<v Speaker 1>here Belmont. It's it's hard for them. Um. I think

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<v Speaker 1>you know, you know, the guys, they're better in person.

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<v Speaker 1>On the radio, they could get a little uh, they

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<v Speaker 1>get a little well. What I what I found funny

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<v Speaker 1>about it was that first off, they doubled the guy's money.

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<v Speaker 1>He had a thousand dollars, they whacked it up to

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<v Speaker 1>two thousand dollars and more. Goan to say, you know what,

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<v Speaker 1>this is the most fun I've ever had in any

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<v Speaker 1>type of gambling. These guys are the real deal. So

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<v Speaker 1>congratulations to team Rotondo. Peter. Really quickly here, if I

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<v Speaker 1>want to learn more about handicapping and the math and

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<v Speaker 1>all that, what's the one thing you recommend a person

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<v Speaker 1>to do. Uh? Well, And the first thing I think,

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<v Speaker 1>you just go you find someone that knows what they're

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<v Speaker 1>talking about. You know and have them teach you how

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<v Speaker 1>to read the racing form, the daily racing form. Um.

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<v Speaker 1>I think that's the most important thing, uh is how

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<v Speaker 1>to read the past performances. Okay, just like other data.

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<v Speaker 1>So um, that's the number one. And have a good

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<v Speaker 1>have a good weekend. Oh well, with the Belma coming up,

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<v Speaker 1>how could we not. Peter Rotunda Jr. Thank you so

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<v Speaker 1>much for joining as Vice president Media Entertainment. The Breeders

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<v Speaker 1>Cup in New York City, gariett Ol Bloomberg LP, Horse

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<v Speaker 1>Racing Aficionado Tournament, Better and more. This is Bloomberg Radio.

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<v Speaker 1>James Stone five Easy Theces, a new book about common,

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<v Speaker 1>self sense solutions to America's greatest economic challenges. That's coming

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<v Speaker 1>up now on Bloomberg Radio.