A brand new type of cutting competition got underway this week that’s expected to inject $2-million back into the industry!
It’s called Showdown in Cowtown and it’s the brainchild of Jeremy Barwick, owner of Western Bloodstock, who is co-hosting it with the National Cutting Horse Association.
The event is a slot cutting, the first such competition in the sport, where only 100 slots are available for sale, making the payouts highly lucrative. The top 20 make the final (when all 100 slots are filled) with the winner earning $100,000 in the open, $60,000 in the Non-pro and $30,000 in the Amateur. The bottom hole in the final still payouts out double the entry fee.
There are two separate events, one in July in conjunction with the NCHA Summer Spectacular and in December that ties in with the Futurity.
Cutting Horse Training Online spoke with Jeremy at Silverado, Weatherford, TX where the first go round of the July event was underway. Of the 100 slots available, Jeremy said 59 had sold for July, a result he was pleased with for the first ever event. He told Simone Cobb he thinks December could even be a sell out with 70 slots already sold! Press play to watch.
With 59 entered into the July event, the payouts will be $60,000 to win the Open, $35,000 in the Non-pro and $20,000 to the Amateur winner. The top 12 will make the final.
Slots cost $5,000, $3,500 and $2,500 in the Open, Non-Pro and unlimited Amateur divisions respectively.
The slot cutting takes no ties either into the final or to win first place. If the two people tie for champion, there will be a work-off for the buckle. Jeremy said this makes for exciting cutting action for spectators.
Points are not awarded to Horse of the Year and money won at the slot cutting does not count towards world standings. However Amateur earnings go towards lifetime earnings but not eligibility earnings.
The final takes place on July 12 during the NCHA Summer Spectacular in Fort Worth.
Jeremy said he believes the slot cuttings will catch on and expects to host more events in the future.
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