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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Online Sportsbook Football Betting

Colts give the ‘D’ its due

The Indianapolis Colts know that winning the Super Bowl last season put a huge target on their backs, and they expect opponents to go all-out to knock them from the top of the mountain.

They’ll get their first test from the New Orleans Saints this Thursday night. The defending champs had nothing but good things to say about the New Orleans defense this past week, praising their opponents’ pass rush and run-stopping abilities.

"They play very aggressively," head coach Tony Dungy told the New Orleans Times-Picayune. "They play a lot of man-to-man coverage, and they come after you. They have good pass rushers, and they're going to try to pressure us, I'm sure."

Both center Jeff Saturday and quarterback Peyton Manning gave New Orleans’ front four props, admitting keeping guys like Will Smithand Charles Grant contained would be a tall task for the offensive line.

New Orleans ranked second in total defense during the preseason at a sportsbook, allowing just under 233 yards per game. Last season, the defense finished 11th in the league after giving up 307.3 yards and 20.1 points per contest.

Not so sound on the ground

If Indianapolis' efficient offense has a weakness it has to be its running attack. The Colts one-two-punch of Dominic Rhodes and Joseph Addai is no longer, leaving the bulk of the carries to Addai, the second-year back out of LSU.

Former Saskatchewan Roughrider Kenton Keith was named Addai’s backup this week after beating out DeDe Dorsey for the second-string position. Indy has only three backs on the roster right now, including fullback Luke Lawton, and coach Dungy is aware of the thinness of his ground game. Sports Betting lines on the game can be found at BettingExpress.com

“We’ll continue to look. Luke Lawton’s done a good job for us too. So probably getting a third true tailback is something that we’d like to do,” Dungy told the Indiana Tribune-Star.

Last season, Addai rushed for over 1,000 yards in his rookie campaign and scored seven touchdowns on the ground.

Brees says bring it on

Opening the season on the road against the defending Super Bowl champions is not the way most teams would like to kick off their year – unless you’re the New Orleans Saints or their quarterback Drew Brees. This internet Sportsbooks had the Saints as the favorites.

Brees told the New Orleans Times-Picayune that he is excited to get the regular season started and the Colts are a great challenge for him and his teammates. The 28-year-old QB, entering his second season with the Saints, is expecting a wild environment in the RCA Dome this Thursday when the franchise celebrates its 2007-2007 championship.

Brees said he sees the opening game scheduling as an honor and a testament to how well New Orleans did last season. The Saints missed facing the Colts in the Super Bowl by one game, losing to the Chicago Bearsin the NFC Championship game.

"I mean, people think we can hang with these guys," Brees told reporters. "Even if they didn't, it wouldn't matter what they thought because as a team we're very confident. We know what we can do. We're not satisfied where we finished the season last year. And we've been looking forward to this opportunity for a long time."

SportsBooks ready for a shootout

Oddsmakers are preparing for some fireworks this Thursday when the NFL season kicks off. online Sportsbooks have Thursday’s total set at a whopping 52 points, accounting for two of the league’s most explosive offenses.

“This is like must-see TV,” Saints cornerback and former Colt Jason David told the Baton Rouge Advocate. “It’s two exciting offenses with great players. You’ve got a lot of star power on offense. At any given time a big play can happen. If I was a fan, I wouldn’t miss a snap.”

New Orleans, who ranked No.1 in total offense last season, can go blow-for-blow with the Colts’ attack. Head coach Sean Payton’s offensive schemes will get even better production out of Drew Brees, Reggie Bush and receiver Marques Colston now that they’ve each had a season of playing together under their belts.

The Saints and Colts were the top two passing teams in the NFL last year, but while Indianapolis managed to put up almost 27 points per game, New Orleans struggled to capitalize on their efforts. The Saints ranked fifth in points per game.

“Yards are great,” running backDeuce McAllister told reporters, “but to be able to score more touchdowns would be important for us.”

To visit this online sportsbook got to MySportsbook.com for all your football betting needs. Mysportsbook.com online sportsbook accepts US credit cards

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.

To bet on March Madness games this online sportsbook accepts credit cards