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

The NFL preseason is approaching. Time for players, coaches and teams to turn over a new leaf. General managers have hired some new coaches, while coaches have added some offensive and defensive assistants to try and improve things. Here’s a look at some changes to look for in the preseason.

New York Jets: The Jets were one of the surprise teams in the NFL last season, making the playoffs under hard-driving first-year coach Eric Mangini. Mangini rebuilt the offensive line with rookies D'Brickashaw Ferguson (the No. 4 pick in the 2007 Draft) and Ohio State center (the 29th pick in the first round). This season he upgraded the defense with rookie linebacker David Harris (Michigan) while the secondary picked up a much needed top-notch corner in Pitt CB Darrelle Revis (No. 14 overall).

The Jets have added balance to the offense for QB Chad Pennington with RB Thomas Jones, essentially stolen from the Bears. He will upgrade a New York ground game that was 20th in rushing with a weak 3.5 yards per carry. They have their first true feature back since Curtis Martin. Offensive coordinator Brian Schottenheimer prefers ball control, like his father Marty. In preseason, behind Pennington you’ll see second-year QB Kellen Clemens and mobile newcomer QB Marques Tuiasosopo.

Jacksonville Jaguars: The heat is on Jack Del Rio in Jacksonville as the Jaguars flopped last season despite a ton of talent. Keep in mind that under Del Rio the Jaguars have been outstanding in preseason with a 12-4 SU, 11-5 ATS August mark. online football betting Their defense is loaded, it’s the offense that has been stuck in first gear the last few years.

Enter a new offensive coordinator in Dirk Koetter, the former Boise State and Arizona State pass-happy coach. He will try and upgrade a passing game that ranked 24th last season. Del Rio has criticized wide receivers and Matt Jones this summer, both of whom have battled injuries. It will be interesting to watch the “new” Jaguars passing game in preseason.

Arizona Cardinals: Word out of Arizona is that the players like new coach Ken Whisenhunt, who was the Steelers offensive coordinator last year. We think of Arizona as all-passing because their running game has been awful of late because of a poor offensive line. However, keep an eye on the running game in preseason as they’ve made a lot of changes.

The new coach brings in Russ Grimm to coach the offensive line (Grimm did a marvelous job building the Steelers line). They took Penn State OT Levi Jones in the first round and signed two offensive linemen, Mike Gandy and Al Johnson, to provide depth. Reggie Wells was moved from right tackle to left guard and they want more speed out of the offensive line for pulling and traps, a Pittsburgh staple under Bill Cowher.

Atlanta Falcons: While all the attention has been focused on QB Mike Vick’s off-field problems, new coach Bobby Petrino is revamping the Falcons from an all-running team to a more balanced one. Petrino likes the experience of backup QB Joey Harrington and he has veteran backup Chris Redman, who used to play for Petrino at Louisville and knows his offenses better than anyone. Petrino wants Vick to be more of a pocket passer.

The addition of FB Ovie Mughelli is a sign Petrino wants a power rushing attack behind a physical fullback and newcomer WR Joe Horn should upgrade what was a below average wideout corps. Petrino is changing their old zone-blocking scheme to a more traditional in-line blocking scheme and the offensive line is bigger. Rookie DE Jamaal Anderson was grabbed in the first round and the secondary got younger with former Auburn cornerback David Irons, who the Falcons think was a steal as a sixth-round pick.

Cleveland Browns: The 2007 Browns look like a double-edged sword. There was the excitement of the offseason, trading for RB Jamel Lewis, upgrading the offensive line with Wisconsin’s Joe Thomas (the No. 2 pick in the draft) and free agent LG Eric Steinbach, then trading for Notre Dame QB Brady Quinn when he fell to No. 22. GM Phil Savage and head coach Romeo Crennel feel they have a talented, balanced offense with these new pieces, plus TE >Kellen Winslow and WR Braylon Edwards.

However, were these moves made in desperation? And were they foolish ones? The Browns gave up their 2008 first-round pick for Quinn and we all know QBs take time to develop. And even first-round QBs can be busts (Joey Harrington, Akili Smith). We also don’t know if the offensive line is that much improved (31st in rushing in 2007) and they did nothing to improve a defense that was awful against the run (142 yds pg allowed).

The Browns have a new offensive coordinator in Rob Chudzinski. This is a young offense and Quinn looked tentative, indecisive and inaccurate early in camp. Crennel will play Charlie Frye, Quinn and Derek Anderson in preseason. And there is a mixed bag for rookie QBs receiving significant starts: Tim Couch (14), Kerry Collins (13), Ben Roethlisberger (13), Vince Young (13), Joey Harrington (12), Matt Leinart (11) and Kyle Boller (nine). While all the focus will be on the Browns new-look offense, I’m more concerned with the defense.

Carolina Panthers: Coach Jon Fox loves the ground game, but Carolina has made some interesting changes for 2007. Fox fired offensive coordinator Dan Henning and brings in Jeff Davidson to run the offense. Davidson has brought in zone-blocking schemes to the Panther offense, a dramatic change for a system that's been built around a power-running style.

In zone-blocking, offensive linemen are responsible for blocking any defender who appears in their zone, instead of focusing on one defender. The Broncos and Falcons have had success with the system, which features smaller, more athletic offensive linemen and can create running lanes on the inside and outside. Keep an eye in preseason on how Carolina adjusts as it will take time to learn the system. Fox has been one of the top coaches in preseason, with a 15-5 SU, 12-7-1 ATS August record.

Dallas Cowboys: WR Terrell Owens is still here, but QB Drew Bledsoe and Bill Parcells are gone. New head coach Wade Phillips takes over, replacing Parcells. He ran the Chargers defense last season. Phillips was chosen by teary-eyed owner Jerry Jones partly because he is one of the best 3-4 coaches in football and the Cowboys have loaded up on players for that scheme.

Remember that Phillips was blitz-happy with the Chargers last season and early reports out of the Dallas camp have mentioned how the Cowboys have been blitzing a lot, a departure from Parcells. The theme of the 2007 Dallas defense appears to be one of attack.

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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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