New Mint Julep Recipe - Courtesy of Bodog

The Mint Julep is a mixed alcoholic drink comprised of mint, bourbon, sugar and water. It is mainly found in the southern United States, and the word julep is derived from the Persian julab, which means rose water.

It is traditionally served in silver or pewter cups, and only held by the bottom and top edges. This allows frost to form on the outside of the cup, which many folks consider to be a sign of gentility.

It has become the traditional beverage of the Kentucky Derby, and it has held that distinction since 1938. During the race, it is estimated that over 80,000 juleps are served at Churchill Downs, and the “official mint julep of the Kentucky Derby” has been Early Times Mint Julep Cocktail for the past 18 years. But that’s all about to change.

Calvin Ayre, the mastermind behind Bodog, has teamed up with drink expert Natalie Bovis-Nelsen to create a hip new beverage that can be enjoyed as your pony crosses the finish line. Called Billion-Ayre’s Bet, here’s the recipe for this tasty new concoction:

Billion-Ayre’s Bet

3 ounces Bombay Sapphire gin

2 ounces freshly squeezed grapefruit juice

¾ ounce Campari

Squeeze of lime

Champagne

Ice cubes

And if you’re bound and determined to enjoy a classic Julep during the event, here’s a cool (and tasty) variation that you might want to try:

Bodog JetSet Julep

3 ounces bourbon

1 ounce Gran Gala orange liqueur (made with VSOP brandy)

1 ounce mint-infused raw sugar simple syrup

Ice cubes

Crushed ice

That’s all there is to it. These drinks can be made in a flash and they’ll both delight and intoxicate your guests. But just remember that there’s a two-minute-long race called the Kentucky Derby going on in the background. And in case you’re interested in wagering on the outcome, you can view the Kentucky Derby odds right here.

New Mint Julep Recipe - Courtesy of Bodog