Bonus introduced for winning Preakness Stakes

Horseracing Betting Lines

08/28/2010 - Philadelphia, PA (Sportsbook Betting Lines) - It's been a few years since there has been a bonus for sweeping the Triple Crown races. During the time that VISA sponsored the bonus, no three-year-old thoroughbred won the three classics, Kentucky Derby, Preakness and Belmont Stakes.

Now, MI Developments Inc. has announced a bonus program involving winning the Preakness Stakes at Pimlico Race Course and specified prep races at company owned racetracks. The name of the program is PREAKNESS 5.5. The 5.5 represents the $5.5 million that would be up for grabs by owners and trainers.

The tracks involved are all owned by MID: Gulfstream Park, Santa Anita Park and Golden Gate Fields. The $5.5 million bonus will be shared between the winning owner ($5 million) and trainer ($500,000).

"The purpose of this grand prize is to provide a spectacular event for the fans and to create a potential life changing experience for the stakeholders of the racing industry," stated Frank Stronach, Chairman of MID. "These events represent the greatest hope for the renewal of the thoroughbred racing business in America. Our continued development of MID's recently acquired assets should translate into improved results across MID Racing Properties' asset base."

In order to receive the bonus money horses prepping for the Triple Crown at the designated tracks must win at least two stakes races for three-year-olds.

At Gulfstream Park a horse must win either the Holy Bull Stakes or the Fountain of Youth, and also capture the Florida Derby on Sunday, April 3, 2011. The purse for the Florida and the Santa Anita Derbies have each been raised to $1 million.

At Santa Anita Park, before claiming the Santa Anita Derby a horse must win either the Robert B. Lewis or San Felipe Stakes. A horse can also qualify by winning the El Camino Real Derby at Golden Gate Fields and then win the Santa Anita Derby.

"Gulfstream and Santa Anita have long and storied traditions of producing the finest three-year-olds in the country," said Gulfstream Park General Manager, Steve Calabro. "I expect this will produce Gulfstream's finest winter racing."

A consolation prize will also be offered sponsored by XpressBet. This will be called XpressBet .55. If the winner of the 2011 Preakness is not eligible for the Preakness $5.5 million bonus, the winning owner would get $500,000 and the winning trainer $50,000. However, the Preakness winning horse must have been a runner in one of the initial qualifying races and finished first, second or third in the Santa Anita or the Florida Derbies.

"I am really excited to support the owners and breeders in the 2011 three- year-old season," said Ron Luniewski, President of XpressBet. "As we move towards the three-year-old season, we will be offering some fun wagers based on the Preakness 5.5 and the XpressBet .55."

Any new idea that can increase interest in thoroughbred racing must be commended. I would like to see more bonus programs created spanning races over an entire year.

A logical one would involve the Haskell Invitational, Travers Stakes and Pennsylvania Derby. All are $1 million stakes for three-year-olds during the summer and early fall.

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Eastern Conference Playoff Betting Trends

We all know by now that the “public” loves to put their money on the FAVORITES and the OVERS.  Just by taking a quick glance at Sportsbook.com’s “Betting Trends” it appears as is this tendency will continue as far as the Eastern Conference games are concerned.  For the inaugural games of the first round, 69% of the early money is on Toronto -4.5; 59% of bettors prefer Chicago -4.5; 84% are backing Detroit -9; and 56% think Cleveland -11.5 is the way to go.  As far as TOTALS are concerned, the only UNDER the “public” is backing is the Cleveland/ Washington game in which 83% are pounding the UNDER (190).  Remember, there is no better way to predict a possible line change than by monitoring MySportsbook.com’s “Betting Trends”.   By determining who the “public” is backing, you can get the most ideal line for your bet.  For example, if you are siding with the public you better place your bet before the line moves in the wrong direction.  On the other side of the coin, if you prefer the team that the “public” is betting against; you might be able to get and extra ½ or even more by placing your bet a bit later.  Under the “Betting Trends” section, Sportsbook.com also provides plenty of statistical data and trends in order for the bettor to make the most informed pick.  Below are some extremely important trends for the first round opponents of the Eastern Conference match-ups, more can be found at MySportsbook.com

New Jersey Nets vs. Toronto Raptors

Toronto was the most reliable covering team this season with a 48-33-1 ATS record but covered the OVER only 41.5% of the time.
The last 20 times these teams have played, the TOTAL has gone UNDER 16 times.
Versus Eastern Conference teams, Toronto is 33-19 ATS including 17-9 at home.
 New Jersey has covered four games in a row while Toronto has failed to cover their last four games.
When playing a team with a winning record during the second half of the season, New Jersey was just 5-13 ATS this season.
After scoring 105 points or more, Toronto has covered the OVER only 28% of the time this season. 
 
Miami Heat @ Chicago Bulls

Miami has failed to cover their last 7 games whereas Chicago has covered 6 out of their last 8 games.
Miami has covered the UNDER in four of their last five games whereas Chicago has covered the UNDER in five out of their last six.
When playing on Saturdays, Miami covered 80% of their games this season.
Away from home, Chicago is just 16-25 ATS this season.
At home, Miami covered the UNDER about 66% of the time whereas Chicago covered the UNDER about 61% of the time.
The last 13 times these teams have played each other, Chicago has covered 9 times.
In Miami’s last 11 road games, the UNDER covered 9 times. 
 
Orlando Magic @ Detroit Pistons

Detroit has covered 5 out of their last 6 games.
Away from home, Detroit is 28-13 ATS but just 14-26-1 ATS at home.
At home, Orlando covered the UNDER 64% of the time while Detroit covered the UNDER in 63% of their away games.
The last five times these teams have played in Detroit, the OVER covered each time.
Versus Eastern Conference teams, Detroit is 8-17-1 ATS at home but 17-9 ATS away.
Detroit covered the spread 5 out of the last 6 times they played Orlando.
After a Division game, Orlando covered the UNDER 87% of the time this season. 
 
Washington Wizards @ Cleveland Cavaliers

In a home game where the TOTAL is between 190 and 194.5 points, Cleveland is 9-1 ATS this season.
Washington has covered the UNDER in their last 6 games and in 8 of their last 9 games.
The last 6 times these teams have played each other, the UNDER covered each time.
When playing on 3 or more days of rest, Washington is just 18-37 ATS since 1996.
Since 1996, Washington is 28-16 ATS versus Cleveland including 11-5 over the last 3 seasons.
In their last 7 road games, Washington is 6-1 ATS.
Versus Eastern Conference teams at home, Washington is just 6-18-2 ATS. 
 
For even more betting trends for not just the NBA but for all of the major sports, log on to Sportsbook.com and click on “Trends”.  With only two months left in the NBA betting season it is important to be as well informed as possible in order to maximize your profit.  Also for all of you poker players, check out MySportsbook.com’s “WSOP Low Bid Auction”. You could be on your way to Vegas to play against the world’s best poker players for under a buck.

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American Idol odds : Blake Lewis the Early Standout

An important American Idol betting lines recap from February 20 Guys episode. The 12 men came out flat overall with Blake Lewis appearing to have the early edge after the first hour and a half.

Rudy - was quite good singing "Free Ride" to start off.  Randy was not impressed though.  Paula thought he started off fantastic.  "Never had anyone stop off so lively" said Paula but Simon (who does not like Rudy) does not feel he has a distinct voice and was not impressed either. 

Brandon was a little pitchy according to Randy and Paula agreed.  Simon said he was a good singer but the song was "too safe" and he needs to make an impact.  He was listed at +1200 odds or $1200 paid out on a $100 bet should he win the competition. 

Big favorite Sundance came in with a flat version of "Knights in White Satin" and the judges let him have it, including Paula.  Randy claimed the song was out of pitch throughout.

Korean American - and a Jenny Woo favorite - Paul Kim was up next.  Another pitchy flat one but Randy said he still liked his potential.  Kim at +3000 odds was said to have sung a "third rate version of that (George Michael) song" according to Simon Cowell.  He sang "Careless Whisper".

22 year old Chris Richardson was up next.  He was listed with +1100 odds coming in.  He got the best response from the judges though Simon did not believe the vocal was that great. 

Nick was boring and pitchy.  Simon didn't think he was that bad though and predicted he would be back next week.  Nick Pedro was a big +3000 dog coming into this competition. 

Beat boxer Blake Lewis was listed with early +1000 odds or $1000 payout on a $100 bet if he were to become the next American Idol winner odds .  These of course were the early odds.  He was considered original for picking an "odd song".  He did not beat box and the judges felt it was the best vocal of the night. 

Sanjaya came in as the second biggest favorite after Chris Sligh but his performance Tuesday night was not very good. 

Chris Sleigh was the early favorite at +450 odds.  Great voice and a great sense of humor.  He's a real standout.  Randy felt it was on point but maybe ahead of the chorus a little bit.  Simon Cowell said he felt like he was in some "sort of weird student gig". 

Jared Cotter followed.  He was listed with +2000 odds early on to win the competition.  The judges felt he needs to take more risks but looked good. 

22-year old AJ Talbado, who has tried out for American Idol five times, was up next.  "Kind of a theme park performance" said Simon.  Though the judges felt he performed okay.  Simon did feel AJ might be better than he originally thought.

Phil - this season's military favorite - came into this competition with +1200 odds to win the competition.  He was the last to perform.  He was certainly strong enough to get through this stage of the competition and perhaps the best one after a shaky start. 

Tomorrow night, the ladies perform and I sure hope they do a better job than the boys.  Check out all the American Idol betting odds here.

To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.