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 Odds: Season 6  

The online gambling websites are in the process of deciphering each American Idol contestant and his or her chances of winning Season 6 to come up with the early American Idol betting lines.

Tim Dalton of MySportsbook.com has been locked away in a soundproof room coming up with all the latest tallies, we are told. "American Idol has become one of the most significant betting events of the year," claims Jack Black of MySportsbook.com.  "Last year, millions were bet during the season across the globe, not just in America.

It's tough early on since we really do not have a glimpse as to how well each of these individuals will perform solo on a week-to-week basis.  It's like Week 1 of the NFL.  Pre-season means nada!

We do know the 24 finalists however.

Sanjaya Malakar is the young man whose sister failed to make it into the Top 24.  He's very low key but - unless he totally flubs - will probably win over the young girlie vote for a few weeks anyway.  He's too young to go all the way, according to Payton O'Brien. 

Brandon Rogers - Who?

Phil Stacy is the military guy who missed his daughter's birth because of the Memphis audition.  He should go a good distance.

Chris Sligh - He's got the humor and in many ways he's the Anti-American Idol much like last year's winner Taylor Hicks was.  And this is why he'll probably get pretty far in this competition.  He's chubby, white with a big curly afro....but more importantly, a great voice!  People love "real", not "real cute" to go all the way. 

"Blake Lewis should go far because of his uniqueness and looks.  He's the boy next store with a twist - he beat boxes.  But on top of this, he's a great singer, and I adore him," Payton O'Brien relayed.

A talented beat-boxer Blake Lewis was a hit during the group sing in Hollywood but Simon explained that this is a singing contest just before he told him he was “in.”

Paul Kim has caught our own roving reporter, Jenny Woo's eyes. 

"I love the fact that there is a Korean American on the show and he is bound to get more Asians tuning into the show," Woo said from her Miami Beach estate.  "There has never been a major presence of Asian-Americans on American Idol in the past.  He's a hottie with a nice voice so that should help to take him far.  Expect heavy betting action from the Asian community."

Sundance Head - He's not perfect, but he's got the personality that will take him through a few weeks, plus he's got the lineage (son of Roy Head - whose 1965 single, "Treat Her Right," hit No. 5 in the charts) 

And the others:

Rudy Cardinas
AJ Tabaldo - the 5th time is the charm
Nicolas Pedro
Chris Richardson
Jared Cotter

The girls

"Melinda Doolittle has one of the best voices," says MySportsbook.com Reporter and an acclaimed dancer in her own right, Destiney Lewis.  "It is great to see a back up singer step out like she has.  The girl needs to gain more confidence but that can also be a positive.  I think she will go far."

Alena Alexander - Those tears (she never seems to stop bawling) should get her far.

"Single mom Lakisha Jones I suspect will be a pretty big favorite entering Week 1 of the competition," says Destiny Williams.  Jones is an excellent singer and down to earth.  "She'll have a wide appeal," echoed O'Brien.

Nicole Trellis - Seems to exert confidence.

Amy Krebs - a powerful singer.

Antonella Barba
Gina Glocksen
Hailey Scanardo
Jordan Sparks
Stephanie Edwards
Leslie Hunt
Sabrina Sloan

MySportsbook.com is offering a 20% signup bonus with an initial deposit (i.e. open your American Idol betting account with $300, receive another $60 in which to bet with). 

Last two contestants will be?

1 Male/1 Female +100 (a $10 bet pays $10 plus your initial $10)

2 Males +170 (a $10 bet pays $17 plus your initial $17)

2 Females +130 (a $10 bet pays $13 plus your initial $10)

MySportsbook.com is an online sportsbook accepts Visa Credit Cards and online sportsbook accepts Mastercard Credit Cards for easy American Idol betting lines.