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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.
<< 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
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
Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.
He said I was wrong for suggesting oddsmakers care about who wins or loses games.
"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.
He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.
Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.
Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.
Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.
Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.
With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.
Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).
And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)
The result has been an early-season beating for the books, and a bonanza for bettors.
While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.
Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.
One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.
Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.
What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.
That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.
MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.
"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.
"At the end of the day, we liked the home team."
So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.
In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.
MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.
The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.
Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.
MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.
To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
MySportsbook.com: NBA Championship Odds
With the playoffs about two months away, the top two teams in the Western Conference are the clear cut leaders to win the NBA Championship. The Dallas Mavericks have the best record in the NBA (44-9) and have been absolutely scorching since the second week of the season. What makes the Mavs’ record more impressive is the fact that they dropped their first four games of the season. Currently they have won 17 out of their last 18 and are MySportsbook.com’s favorite (2-1) to win it all. Right behind the Mavs are the Pacific leading Phoenix Suns (39-13). Last season, the Suns lost in the Conference Finals to non-other then the Mavericks four games to two. Of course the Suns were without center Amare Stoudemire who has is averaging 19.9 PPG and 9.5 RPG since coming back from his knee injury. Unlike the Mavs, the Suns have struggled a bit lately having lost their last three and four out of their last seven. Of course the main reason for their three straight loses is due to the absence of two time MVP Steve Nash, who is out with a shoulder injury. Heads-up, the Mavs have beaten the Suns in both of their meetings this season.
In the Eastern Conference, the Pistons (32-19) are the favorites to win it all at 6-1. The addition of Chris Webber seems to have been a good move for the Pistons. Since coming over from the 76ers, Webber has averaged 13.1 PPG and 7.3 RPG and the Pistons are 11-4. Even though the defending champion Heat are currently on the playoff making cusp, they are the Eastern Conference team that is getting the most action to win it all (9-1). The fact that Shaquille O’Neal is back in the starting lineup after missing 39 games probably has something to do with this. No doubt, Shaq makes a difference when in the lineup as their winning six out of their last seven would indicate.
Just because it is the All-Star break doesn’t mean that you can’t bet on NBA hoops this weekend. Be sure to log onto MySportsbook.com to bet on who you think will cut down the nets this July. Also, be sure to check out all of the lines and props for All-Star weekend. With the highest credit card acceptance rate in the industry, there are plenty of ways to cash in on the NBA this weekend.
MySportsbook.com’s NBA Championship odds:
Atlanta Hawks 1000-1
Boston Celtics 5000-1
Charlotte Bobcats 5000-1
Chicago Bulls 20-1
Cleveland Cavaliers 20-1
Dallas Mavericks 2-1
Denver Nuggets 25-1
Detroit Pistons 6-1
Golden State Warriors 250-1
Houston Rockets 12-1
Indiana Pacers 60-1
Los Angeles Clippers 45-1
Memphis Grizzlies 5000-1
Miami Heat 9-1
Milwaukee Bucks 1000-1
Minnesota T-Wolves 200-1
New Jersey Nets 50-1
New Orleans Hornets 150-1
New York Knicks 150-1
Orlando Magic 75-1
Philadelphia 76ers 1000-1
Phoenix Suns 5-2
Portland TrailBlazers 1000-1
Sacramento Kings 250-1
San Antonio Spurs 9-1
Seattle Sonics 5000-1
Toronto Raptors 35-1
Utah Jazz 20-1
Washington Wizards 25-1
About MySportsbook.com:
MySportsbook.com is the largest sportsbook and casino on the planet, where millions of adult Americans bet on sports, play poker and enjoy blackjack and other casino games online in a regulated and licensed jurisdiction. Named the "Best online Sports Book" by the industry's top magazine, eGaming Review, MySportsbook.com has been leading the online gaming industry since 1996. Dwarfing its nearest competitors in the US, MySportsbook.com has been the first to achieve every significant industry milestone, from record turnover to active users to number of bets--achieving a peak of fifteen bets per second. As the US online gaming leader, the firm and it's products have been featured on CBS 60 Minutes, CNN, ESPN, Wall Street Journal, Barrons, Financial Times, USA Today and in every major newspaper in the US.
To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.
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