I am planning to attend. You can find the rules here:
http://www.theborgata.com/assets/pdf...ping-rules.pdf
As you can see, it is a pure "Win bet" tournament, I think most are Win/Place. I also noticed that there is no limit on the payout of a bet. I believe most limit it to something like 25-1 so a player who's been churning winning bets all day doesn't get beat by a 99-1 shot on the last race. Another thing is that there are no "mandatory" races, I believe; they simply list the tracks you can play (in January it was Tampa, Gulfstream and Aqueduct). I have never played this or any one of these contests before. I've been down the Borgata OTB once and it is rather small. The rules state that you must make your bet on one of the eight machines (no pari-mutuel clerks allowed). I am wonderring how 200 people are going to be placing their bets at the last minute on only eight machines. I guess I'll find out.