Pete Alonso wins MLB Home Run Derby: How much cash did he take home?

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• Tuley: Monday Night Football Best Bet, Contest Corner, NFL Week 16
• Pete Alonso Made More Money in 1 Night at the Home Run Derby Than He Will All Year for the Mets
• Pete Alonso won his second consecutive Home Run Derby
• MLB Home Run Derby 2022 prize: How much money does the winner get?
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After seeing the COVID-19 pandemic cancel the 2020 event, Alonso got the opportunity to defend his 2019 Home Run Derby crown in which he won as a rookie. Players are broken down into "risers" and "fallers" based on their line movement. A jockey might make as little as $28 to $100 for riding in a race in which the horse does not win or place. In-depth research determine where and how companies may appear.

The MLB All-Star Game itself will always be the main event, but the highlight for many comes on the first night of the festivities with the Home Run Derby. Not all of the Kentucky Derby prize money goes to the winner. The purse is split among the top five finishers, with the winner receiving roughly $1.24 million and the four fastest other teams getting between $60,000 and $400,000.

Tuley: Monday Night Football Best Bet, Contest Corner, NFL Week 16

By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Money's Terms of Use and Privacy Notice and consent to the processing of my personal information. The swing off reverted to one minute in 2019, the first year in which it was used. For the first time in Derby history, Shohei Ohtani became both the first pitcher and the first Japanese player to participate in 2021.

He became the third player to win back-to-back Derby crowns, joining Ken Griffey Jr. and Yoenis Cespedes. On Derby Day in 1908, the crowd bet a total of $67,570, including $18,300 on the Derby race itself. In 1984, fans broke the North American record for betting on a single horse race, wagering nearly $19 million on the Derby. As a general rule, jockeys get 10% of the prize from races in which their horses win or place. So for the Kentucky Derby, the winning jockey would receive gross pay of roughly $124,000.

Pete Alonso Made More Money in 1 Night at the Home Run Derby Than He Will All Year for the Mets

As part of the new election day for All-Star starters, the top vote-getters who advance beyond the primary round will receive bonus payments. And the prize money given to players on the winning All-Star team will be increased. For 2022, the additional bonus time requirements reverted back to two home runs of at least 440 feet. Separate from the regular home run derby, if the All-Star Game itself is tied after nine innings, a second home run derby will be held to determine the winner. It will not be timed, and each manager will pick three players to make three swings each to hit as many home runs as possible.

As late as 1938, Kentucky Derby general admission cost just 50 cents. Nowadays, the cost of attending the Kentucky Derby starts at about $75 for a general admission pass, and some premier tickets in the "Millionaires" section sell for upward of $6,000. As you'd imagine, the amounts of money wagered on the race, as well as how much is handed out to Derby winners, has risen steeply over the decades as well.

Pete Alonso won his second consecutive Home Run Derby

The event is made up of eight players, who are seeded No. 1 through 8. The event will air on ESPN and be available to stream on the ESPN app. The TV schedule has this competition lasting two hours, from 8 p.m. ET, and will be followed by the premiere of the Derek Jeter documentary series "The Captain".

Notably, Ken Griffey Jr. initially quietly declined to take part in 1998, partly due to ESPN scheduling the Mariners in their late Sunday game the night before. After a discussion with ESPN's Joe Morgan and another with Hall of Famer Frank Robinson, Griffey changed his mind, and then won the Derby at Coors Field. Instead of the tally resetting for each round, it was only reset before the final round. Therefore, the players with the four highest totals after Round 1 advanced to Round 2, and the players with the two highest sum of Round 1 and 2 advanced to the finals.

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For the derby, an out is defined as any swing that is not a home run. The winner of the contest was the player with the most total home runs in the two innings. Yes, 30 seconds of extra time will be granted to each batter at the conclusion of each regulation period. As the field is cut down in real time, live betting odds should provide even more betting opportunities. For those who aren’t interested in picking the winner of the event, there are alternative betting options. These markets don’t have odds quite as juicy, but they can still be profitable and provide bettors with different rooting interests throughout the night.

If a tie remains after the swing-off, batters will engage in successive three-swing swing-offs until there is a winner. After the first round, the winner of the Schwarber-Pujols matchup will meet the winner of Soto-RamÍrez. On the other side of the bracket, the Alonso-Acuña winner faces the Seager-Rodríguez winner. The two players left standing will meet in the final round.

Of that amount, though, a jockey coughs up about 30% to his agent and valet. By the time all of the money is divided up, the net takeaway for the Kentucky Derby's winning jockey is much closer to $50,000 than it is to $100,000. The purse hit $100,000 by the 1950s, increased to $1 million in 1995, and is approximately $2 million today.

Betting on the Home Run Derby is closer to betting on the winner of a division or a pennant than on a traditional baseball game. As is the case with most futures, picking a Home Run Derby winner comes with pretty long odds for many of the participants, meaning that selecting a champion could earn a large payout. See below for the best current odds on the Home Run Derby contestants at Colorado online sportsbooks. Odds change as the event plays out so use your favorite sports betting app to get your bets in each round. Click on the odds or sportsbook name below to claim your bonus and start betting. Major League Baseball is a big source of sports betting action from April until October — even on days when there are no games.