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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NFL Football Betting


BILLS (+10) at Steelers SPORTSBOOK LINES

It's impossible to gauge how a team will react after something like the Steve Everett situation, and it probably doesn't matter. That being said, the Bills are going to lose several games this year where they keep things close but fall short in the end to superior teams. Ben Roethlisberger and company could have a field day against Buffalo's decimated defense, but I like the Bills to cover.

BENGALS (-7) at Browns SPORTSBOOK LINES

All you can ask out of your NFL team is that it has a plan. You may not always agree with it as a fan, but as long as it appears the organization is going in some sort of direction, you have to go with it. Which brings us to the Cleveland Browns. You flip a coin to determine whether Chuck Frye or Derek Anderson should start the preseason opener. You start Frye in Week 1, but pull him in the first half. And then you deal him to the Seahawks for a sixth-round pick? Hmm... the Bengals could get six turnovers again this week.

COLTS (-7) at Titans SPORTSBOOK LINES

Tennessee signed ex-Colts cornerback Nick Harper in the offseason so that should help slow down Peyton Manning. Just ask Jason David and the Saints. Oh wait... One of these weeks, I'm going to learn to not pick against Tennessee, which has won seven of its last eight games. But it's not happening against Indy.

TEXANS (+6.5) at Panthers SPORTSBOOK LINES

Houston's Mario Williams, the first pick in the '06 draft, has more touchdowns than Reggie Bush after one week. Somehow I don't see that lasting. Meanwhile, Carolina bottled up what was expected to be a pretty high-octane offense in St. Louis in Week 1. Could this be the Panthers' defense everyone expected last year? Maybe. This feels like a 20-16 Carolina win.

RAMS (-3) vs. 49ers SPORTSBOOKS LINES

Absolutely love this game. Everyone's favorite pick for this year's surprise team -- the 49ers -- laid an egg on Monday night (not that anyone was watching with the game ending in the middle of the night for those of us on the East Coast). St. Louis wasn't much better, delivering a lackluster effort against the Panthers that included two Steven Jackson fumbles and panic from his fantasy owners. Jackson rebounds this week, and the Rams get their first win.

PACKERS (+1.5) at Giants SPORTSBOOKS LINES

Do you really trust this guy to win an NFL game if Eli Manning can't go? I say no. I'd feel alot better about this Packers team if it had any semblance of a running game, but I still think Green Bay's defense is good enough to give it a 2-0 start.

JAGUARS (-10) vs. Falcons SPORTSBOOKS LINES

Does it scare me to pick Jacksonville to cover a double-digit spread after it scored just 10 points last week against the Titans? Absolutely. But can I bring myself to pick Atlanta under any circumstances? No. Check out this poll on ajc.com. It asks what Atlanta's most urgent deficiency is: offense, defense, specials teams or all of the above. "All of the above" has 57 percent of the votes. Ouch.

SAINTS (-3) at Buccaneers SPORTSBOOKS LINES

I'm picking way too many road teams this week. Oh well. New Orleans has had some time to reflect on its lackluster showing in the opener, and the Buccanneers just aren't a very good football team. Anyone else surprised Tampa Bay hasn't made a move to sign Byron Leftwich? I thought that's what they do.

VIKINGS (+3) at Lions SPORTS BETTING LINES

Run the ball and stop the run. Minnesota can do both, and that will keep them in a lot of games this season. Even though it was only one week, Adrian Peterson looks like he was a steal at No. 7 in last year's draft. Not only will he produce, but Peterson delivers excitement to what otherwise would be one of the league's most boring teams.

DOLPHINS (+3.5) vs. Cowboys SPORTS BETTING LINES

Lost in the Tony Romo lovefest is just how bad the Cowboys' defense was last week. I know they're banged up, but Dallas' 'D' allowed 438 yards to the Giants' offense, and backup running back Derrick Ward averaged 6.8 yards per carry. Meanwhile, Cam Cameron's decision to split carries between Ronnie Brown and Jesse Chatman sounds about as can't-miss as Larry David's plan to show up to Marty Funkhouser's party a night late. Still, gotta go with Miami to cover at home.

SEAHAWKS (-2.5) at Cardinals SPORTS BETTING LINES

I'm probably missing something, but this game seems too easy. Arizona blew Monday night's game against the 49ers in typical Cardinals fashion, and the Seahawks beat Tampa Bay by two touchdowns. Love Seattle in this one.

BRONCOS (-9.5) vs. Raiders SPORTS BETTING LINES

Special teams was a major story line in Week 1. Take a look at the Broncos. They had to rush on to the field to get a Jason Elam field goal as time expired against the Bills. Denver drove into Buffalo territory on eight of 10 drives but came away with just a pair of field goals and a touchdown. Look for more scoring from the Broncos this week against an Oakland defense that gave up 36 points to Detroit in Week 1.

BEARS (-12) vs. Chiefs SPORTS BETTING LINES

Everyone talks about Rex Grossman when dissecting the Bears' offense, but Chicago's quarterback got no help in last week's loss to the Chargers. Meanwhile, Kansas City confirmed what we all thought while watching Hard Knocks: The Chiefs are going to stink this year. It could be a rough first month for Larry Johnson fantasy owners. Kansas City's RB was limited to 43 yards on 10 carries in Week 1, and the Chiefs face the Bears, Vikings and Chargers the next three weeks, all formidable run defenses.

RAVENS (-10) vs. Jets SPORTS BETTING LINES

A big dose of Willis McGahee and a usual sound defensive effort will give the Ravens their first win. According to Football Outsiders, no team in the NFL rushed only three defenders on pass plays last year more than the Jets. And according to my special Jets correspondent Ben Stauber, New York did the same in Week 1. Whoever starts at quarterback for the Ravens should have all day to throw.

PATRIOTS (-3) vs. Chargers

Friends and I were discussing how Bill Belichick goes about paying his $500,000 fine for cheating. Does he just write one check to the NFL? Do you need some sort of clearance to make such a monstrous financial transaction? I guess I shouldn't complain about the security deposit I have to put down on my new apartment. Anyway, two of the league's best teams square off in what should be a good one Sunday night. The Patriots always respond well just when you think they're in trouble. And their offensive attack was the story in Week 1.

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

Big 12 Conference betting odds

Work left to do: Texas Tech, Oklahoma State, Kansas State

Texas joins Texas A&M and Kansas as locks after getting league win No. 11. Texas Tech greatly helped its own hopes and crippled OK State's with the two-point win Saturday. Is K-State the last reasonable hopeful? Could be an elimination match in Stillwater on Tuesday, at least for the Cowboys.

Work left to do:

Texas Tech [18-11 (7-7), RPI: 44, SOS: 12] A critical two-point win over OK State leaves the Red Raiders with Baylor and at Iowa State left. Get both and the Red Raiders likely are good to go. Get one and there could be some interesting comparisons with a K-State team that could finish two or three games "ahead" of them in the standings but doesn't have any of the quality wins Texas Tech has. Not a lot in nonconference play (against Arkansas in Little Rock being the best win, by far) to lean on.

Oklahoma State [18-9 (5-8), RPI: 50, SOS: 35] Still without a road win, the Cowboys now need to win two on the road just to get to .500 in conference play. It's hard to recall a team (OK, other than Clemson) falling so precipitously from lock status to almost certainly out of the NCAAs at this point. There are wins to be had in the last three, including a very big home game against K-State on Tuesday, but this team is reeling. Can you tell the pressure to win is getting to them with the way the final possession played out at Texas Tech? There are some good nonconference performances to lean on, specifically beating Missouri State and Syracuse on neutral floors and Pitt in OK City, but if the Pokes don't right this very, very soon, that won't be enough.

Kansas State [20-9 (9-5), RPI: 56, SOS: 96] It pays to be in the Big 12 North. The nine league wins are Colorado (twice), Missouri (twice), Iowa State (twice), Baylor, Nebraska and (a good one against) Texas. That helps explain the middling computer profile. The win over USC is nice, but the nonconference leaves a lot to be desired. The game at OK State in Stillwater on Tuesday is huge, as it could KO the Cowboys and leave K-State with a home date against Oklahoma with which to work.