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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FOOTBALL BETTING

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After all the trouble that’s ensued since Braylon Edwards allegedly punched one of LeBron James’ homeboys in the face at a club, the Cleveland Browns have sent away their last remaining player of worth to the New York Jets. This is a great move for Dirty Sanchez and all, but it’s even better for the Knicks. Now Donnie Walsh can say, “You get to haunt Braylon Edwards with your posse if you sign here!” next summer.

Putting that aside for a moment, the move is a clear indication that the new-look Jets are gunning for the Super Bowl this year. I don’t think that New York thought that Dirty Sanchez was going to be such a rock star. With a 75.2 passer rating that was killed against the Jets, Sanchez is doing an admirable job of managing games and putting the Jets in a position to win. The defense has been the major story in New York thus far, but the acquisition of Braylon Edwards makes this offense loaded with talent that can dent any defense…as long as Dirty Sanchez continues his meteoric rise.

Thus far, Edwards has been a non-factor in the NFL piling up just 139 receiving yards on 10 catches. He has yet to find the endzone, and with the Browns mired in the most unsexy quarterback controversy of all time (Anderson vs. Quinn...yawn), there going nowhere fast. Edwards is two seasons removed from a career year which saw him catch 80 passes for 1,289 yards and 16 touchdowns when the Browns were the spread killing monsters of 2007. In 2008, injuries slowed the receiver down to just 873 yards and three touchdowns though he played in all 16 games.

So that being said, we really don’t know if Braylon Edwards is just a flash in the pan, or a legit threat. At 6-foot-3 and 215 pounds, he is a prototypical receiver. But he’s also shown a strange, and unwarranted, talent for dropping passes. Lining up opposite Jericho Cotchery, a speed demon with 23 catches, 356 yards and a single touchdown, may give Braylon the open looks he needs. A change of scenery may also rejuvenate the star receiver.

In return, the Browns will receive Chansi Stuckey, online football betting a special teams player you’ve never heard of and a pair of draft picks. That’s a tall order for a guy whose only real value right now is in his name, and it shows no promise to the Browns that they can rebuild around those acquisitions. Braylon was the only reason to hope for the Browns to go 3-14 SU this year. Without him, they don’t have a single guy on offense that can scare any team.

For the Jets, it’s a response to the pounding that they took at the hand of the Saints. Thomas Jones and Leon Washington have averaged around 4.0 yards per carry each on the ground, but striking a fair balance between the passing and rushing attacks in New York has been a struggle. You have to believe that the trio of Dustin Keller, Jericho Cotchery and Braylon Edwards will give Sanchez the weapons he needs to unleash through the air. Theoretically, that would open up holes for the rushing game. But the proposed public option health care plan works in theory too. We need to see the proof in the pudding before we start loading up mega bucks on the New York Jets to take the AFC.

The one wrinkle in this whole thing is that Braylon could very well be suspended by the league for disciplinary action due to his “brawl” with LeBron’s friend. If that’s the case, the Jets may have to bench him for a few games leaving them with a somewhat depleted receiving corps for a few games. Also, this is a guy who gets in fights with people at clubs. New York may not be the best place for him. Just sayin’.

The Jets have a long week before they meet the Miami Dolphins on Monday Night Football Betting in a virtual pick ‘em game. Braylon’s excess baggage may be a distraction, and his curiously low production may be what we should be expecting of him overall, but for the Jets, taking a chance to strike gold is well worth it. At the end of the year, they can simply just blame it on their rookie quarterback.

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Elite 8 NCAA Tournament Betting at online sportsbook MySportsbook.com

In what should be an outstanding Saturday of March Madness betting action, the top four teams in the South and West Regions square off in what should be extremely close match-ups. Three of the four teams are coming off extremely close games on Thursday evening, only UCLA won semi comfortably over Pitt 64-55.

Ohio State is coming off their second game in a row where in all reality they should have lost. Of course that doesn’t matter now since the name of the game is “survive and advance” but as the tournament continues, they can’t afford to keep getting down to their opponents early. Kansas also avoided a scare by holding off a scrappy Southern Illinois squad. In the third thrilling game of the evening Memphis pulled off the minor upset (+3.5) despite being the higher seed to Texas A&M.

Although the spreads are fairly small for Saturday’s games, MySportsbook.com continue to bet against the underdogs. Despite OSU’s two scares, 86% of the “betting public” feels the Buckeyes (-1.5) have what it takes to make the Final Four. In fact, so much of the early money is on OSU that the line has already moved from -1 to -1.5. In the second game of the doubleheader, Kansas and their high-powered offense are 2 point favorites as they take on UCLA and their effective defense. About 63% of the early money thus far is once again backing the favorites. If those percentages stay that high, don’t be surprised if this line moves as well. If you like Kansas (-2) you might want to jump on it early.

Memphis vs. Ohio State

Both squads were involved in thrillers on Thursday evening and should come out fired up. OSU can ill afford to get behind early like they did versus their previous two opponents (Xavier, Tennessee). Greg Oden needs to stay out of foul trouble; the Buckeyes are a completely different team when he is on the court. Memphis definitely has the athleticism and length to match-up with OSU. Of Memphis’ five leading minute earners, the shortest of the bunch is 6’5”. Each team has a very effective defense; Memphis surrenders 62.3 PPG whereas the Buckeyes give up only 61 PPG. With those type of numbers, it isn’t surprising that Memphis covered the UNDER almost 69% of the time this season. As a favorite, OSU has covered the UNDER almost 66% of the time over the last three seasons. The major concern for Memphis which is magnifies this time of the year is their brutal foul shooting (62%). This season, OSU is 17-11 ATS versus teams with a winning record and 7-2 ATS in all tournament games. Memphis has been an extremely reliable cover in tournament play in recent years with a 23-8 ATS record over the last three seasons.

UCLA vs. Kansas

In the second game of Saturday’s doubleheader, UCLA will play in a role which they are very unfamiliar with that of the underdog. Only twice this season have they been getting points from the handicappers and both times they covered. Over the last three seasons UCLA is a reliable 23-7 ATS in this unfamiliar role. UCLA has not fared well against Big 12 opponents recently going 1-7 ATS since 1997. Giving up only 59.6 PPG, UCLA will definitely look to do what they do best: keep this game as low scoring as possible. Their defense has been especially tough during the tournament. UCLA opponents have been able to muster up only 48.7 PPG while shooting a combined 34.5% from the field. UCLA definitely has a challenge at hand with a Kansas team that is capable of putting points on the board in bunches. As a team, they average 79 PPG and shoot an impressive 49.6% from the field and 39.4% from beyond the arc. During the tournament Kansas has been “lights out” from the field having shot 56.2%.

With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action.  Don’t forget to monitor who the public is backing at MySportsbook.com’s “Betting Trends”.  By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.

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