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.

Luckusurf Horseracing Betting News

<< Wozniacki captures third straight Pilot Pen title
New Haven, CT (Sportsbook Betting Lines) - Caroline Wozniacki won her third consecutive Pilot Pen Tennis title Saturday by pulling out a three-set victory over Nadia Petrova. The world No. 2 Wozniacki took the 6-3, 3-6, 6-3 win over Petrova in a li

<< Leafs sign MacArthur for one year
Toronto, ON (Sportsbook Betting Lines) - Free-agent forward Clarke MacArthur was signed to a one-year contract with the Toronto Maple Leafs on Saturday. Terms of the deal were not disclosed, but TSN of Canada reported the deal is worth $1.1

<< Chiefs' Sheffield released from hospital
Kansas City, MO (Sportsbook Betting Lines) - Kansas City Chiefs linebacker Cameron Sheffield has been released from the hospital after suffering a neck injury in Friday's preseason game against Philadelphia. Sheffield, who has movement in all hi

<< Wigan shocks Spurs
London, England (Sportsbook Betting Lines) - Hugo Rodallega's goal 10 minutes from time handed Wigan an unlikely 1-0 win over Tottenham at White Hart Lane on Saturday. The result came just a few days after Tottenham sealed a place in the

<< USA routs Croatia in Worlds opener
Istanbul, Turkey (Sportsbook Betting Lines) - Eric Gordon sank four three-pointers and scored 16 points, as the United States crushed Croatia, 106-78, in its opening contest of the 2010 FIBA World Championship. Kevin Durant added 14 points for the

Blue Jays stave off late rally, nip Tigers >>
Toronto, ON (Sportsbook Betting Lines) - Brandon Morrow had another solid outing, allowing just one run in six innings, and the Toronto Blue Jays held on to beat the Detroit Tigers, 5-4, in the third of four games at Rogers Centre. Morrow

Defending champ ousted at U.S. Amateur >>
University Place, WA (Sportsbook Betting Lines) - Defending champion Byeong-Hun An was ousted from the U.S. Amateur on Saturday, losing on the last hole of his semifinal match. Trying to become the first back-to-back champion since Tiger Woods, An squ

Twins' Hudson leaves game >>
Seattle, WA (Sportsbook Betting Lines) - Twins second baseman Orlando Hudson left Saturday's game in the second inning. Hudson suffered an apparent right ankle sprain.

Red Sox activate reliever Hideki Okajima from DL >>
ST. PETERSBURG, Fla. (AP) -The Boston Red Sox have activated reliever Hideki Okajima from the 15-day disabled list and optioned right-hander Michael Bowden to Triple-A Pawtucket.The moves were announced before Boston's game Saturday night at Tampa B

Kirk fires 63 to grab lead in Tennessee >>
Farragut, TN (Sportsbook Betting Lines) - Chris Kirk fired a nine-under 63 Saturday to grab a one-stroke lead after 54 holes of the Knoxville Sentinel Open. Kirk completed three rounds at 15-under-par 201. He will go for his second win of the season

Betting Football

NFL Football Betting Online

Is there such a thing as a trap game in the NFL?

I once asked that question to Pete Korner, who at the time was office manager and a senior linesmaker for Las Vegas Sports Consultants.

Korner almost ripped my head off. There is no such thing as a trap game, he loudly berated me. It’s a myth. The numbers are made using power ratings, he said.

There are trap games, though. They just might not be what you think. The perception is of a good team, say Philadelphia, laying a small number against New Orleans.

Using the highly-respected power ranking from The Gold Sheet, you’d find the Eagles with a power rating of 4 and the Saints at 8. When you factor the game being played in New Orleans, you could see why the line opened so short at less than a field goal.

For some, this makes it enticing to take the Eagles. That’s not a real trap game, though.

A real trap game, says professional gambler Dave Malinsky, is thinking you’re getting value betting a bad team, which brings us to the Oakland Raiders-Denver Broncos matchup.

The Raiders are +15 in this long-standing division rivalry. Denver is on a short week having dispatched Baltimore Monday. However, the Raiders haven’t covered the spread their last 10 games.

Many bettors don’t trust the Raiders to give a full effort. Few think much of Art Shell and his Oakland’s coaching staff.

So oddsmakers have to do something to make Oakland attractive if they hope to get equal action.

Now Malinsky is a value shopper. But he won’t touch the Raiders even getting more than two touchdowns.

“I try to eliminate the undisciplined, unfocused teams because they’re the ones most likely to suffer the bad beats,” he said.

Near the top of Malinsky’s list of stay-away teams is the Miami Dolphins, who have yet to cover a spread this season.

“Whatever you think of Nick Saban, you have to look at the penalties and turnovers,” Malinsky said.

It’s easy to point out the Dolphins failed to get the money this past week against New England because Olindo Mare missed a field goal and had another field goal blocked. But even though the Dolphins outgained the Patriots, 283-213, they committed eight penalties.

Bad teams not only cost themselves victories, but pointspread covers as well. The Arizona Cardinals and Green Bay Packers are two more examples.

The Cardinals couldn’t have been in a better position this past Sunday, up 14-0 at home against a mediocre Kansas City Chiefs squad. But they couldn’t hold it. The Packers got a push against St. Louis, but also could have won losing by three when Brett Favre fumbled at the St. Louis 11-yard line with 44 seconds left.

“The Packers were in a position to beat Philadelphia, too,” Malinsky said. “But they couldn’t even cover double digits.

“These teams just make mistakes and it costs you … they always will look good from a value standpoint. They really will. But that’s the trap.”

Houston and Tennessee rank among the six-worst teams. Malinsky wouldn’t be afraid to take either of these teams, however, if the price were high enough.

The Texans are bad, Malinsky said, but they have some discipline. The Titans showed they could not only come up with an outstanding game plan, but execute it as well, losing by one to the Colts on the road as an 18 ?-point underdog this past Sunday.

“Jeff Fisher is a worker,” Malinsky said of the Titans coach. “I’m not sure how hard Art Shell wants to work when he gets out of bed.”

Fisher, though, could be out as Tennessee coach after this season. Is he still worth backing in the right spot, with the right price, as a lame duck coach?

“It’s in his nature to keep working hard and not worry about any possible lame duck status,” Malinsky said. “He’s coaching for his resume.”

Note: Monday night game will be picked Monday. Lines used are from football betting lines.