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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Super Bowl XLIII Betting - Super Bowl 2009

Super Bowl 2009, the Arizona Cardinals and the Pittsburgh Steelers.

Let’s take a look at the Super Bowl 2009 betting odds and the betting line and figure out where they’ve been and where they are going to go.

MySportsbook.com put up the Super Bowl 2009 betting odds late on Sunday night with the Pittsburgh Steelers favored by 6.5 points and a total betting line at 47.5 points.

Since then, however, the Super Bowl 2009 betting odds have seen a good deal of movement and you’ll want to be on top of where they are likely to move to make sure you get the best line value for the big game.

Since opening, the Super Bowl 2009 betting lines went to Steelers -7 in the span of roughly 3 hours but were quickly bought back down just minutes later to 6.5 again.

After that is took about 5-6 more hours before the betting line went back to -7 where it has sat for a while now and is likely to remain. The opening betting total of 47.5 was bet down right after the line became available and went to 47 within minutes.

Roughly a day later it has been bet even further down to the 46.5 tally it currently is set at.

Roughly 60% of gamblers seem to be on the Cardinals here so the point spread will be bet down and a 7.5 would not last very long at all with many taking the early 6.5 in hopes of finding a potential middle in the Super Bowl 2009 betting odds.

If you like Arizona and see a 7.5, I’d take it as soon as possible because it’s unlikely to last. For Pittsburgh backers, the -7 might be the best you’ll be able to find but a 6.5 is definitely possible close to game time.

Regarding the Super Bowl 2009 betting odds for the total, most tracked gamblers are already on the over and with those who took the under 47.5 already securing a middle on the over 46.5, the only way I see it moving is back up to 47 so if you like the over, I’d recommend betting now.

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