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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American Idol Betting Season 6 Strategies  

It's that time of year folks.  Betting on American Idol Season 9.  And we have plenty of American Idol Season 6 strategies appearing below.  With the Top 24 finalists revealed, online gambling sites will be offering betting odds on each of them, including MySportsbook.com.

No other “event” has been growing as fast as wagering on American Idol. It has turned into a huge betting event with reasonably high limits and all sorts of profit-making potential for sharp bettors. Last year, MySportsbook.com experienced unprecedented traffic as a result of the American Idol betting craze.

Every week there will be odds to win American Idol, various elimination props and contestant versus contestant match-ups at the MySportsbook.com website.

Whether a fan of America’s top-rated show or watching only because of a wife or girlfriend, here are some of basic strategies to use when betting American Idol.

Odds to Win

There are a few things to consider when looking for the right win bet. First off, remember that this bet is for the long haul. Many people make the mistake of picking the performer who sang the best the previous week. This strategy leads to an underlay situation – betting a price, which is less than what it should be.

All Idol contestants struggle at some point in the competition, so you should always look for value. In last year’s competition alone, two performers who had some of the best performances early in the series were subsequently bet down to low prices - Lisa Tucker and Ace Young. After just a few weeks, Tucker had already been eliminated, while Young quickly became a huge long shot to win America’s largest talent search.

A better strategy is to look for performers who don’t necessarily get the praise from the judges, but show flashes of the talent necessary to go the distance.

Another important thing to remember when betting any contestant to win is the demographic breakdown of the voters, the viewing public and potential future CD purchasers. Unlike sporting events, American Idol is not decided on the field of play – it’s decided by the American public under the guiding influence of the shows producers.

Understand that the great state of Alabama has a mighty edge when it comes to American Idol. 

Therefore, to be successful betting on American Idol, put any personal opinions or prejudices aside and think like the majority of the voting public. Remember that the typical voter is young, female and quite often, Southern.

If a contestant cannot appeal to this demographic, no matter how much talent he or she possesses, they’ll struggle for votes. Looks, demeanor and charisma are extremely important. And it’s no coincidence that every Idol winner so far has hailed from a Southern state.

Elimination Props

Every week MySportsbook.com anticipates offering a prop on who’ll be eliminated from the show each Wednesday night. A suggestion to handicap this is to gauge an overall feel for who’s the least popular contestant left in the competition. Generally the least popular performers have recently appeared in the bottom three and will have been the target of repeated criticism from the judges.

Last year, resources included dialidol.com and votefortheworst.com. Dialidol.com measures the volume of each contestant’s voting line. While by no means a perfect science, it does give a good indication of who is generating votes and who isn’t. Meanwhile, votefortheworst.com is a site that attempts to build support for the worst competitor to keep them in the competition for ‘entertainment’ value. The site has a proven track record of keeping performers around who most feel should have been voted off a long time ago.

Contestant vs. Contestant Match-ups

The best strategy for doing well on match-ups is to assess how close either of the contestants is to being eliminated. If neither is expected to be voted off of the show in the coming weeks, the value is almost always on the underdog. If both are expecting an imminent exit in the near future, the favorite in the match-up might offer value.

Watch for American Idol betting odds on each of the contestants shortly and good luck with these American Idol betting strategies.

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