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09/07/2010 - Baltimore, MD (Sportsbook Betting Lines) - Following on the heels of the establishment of 'Preakness 5.5', MI Developments (MID) announced Tuesday the creation of a similar program for the Black-Eyed Susan Stakes at Pimlico Race Course. The 1 1/8 mile race for three-year-old fillies is the sister event to the Preakness Stakes.
Called 'Black-Eyed Susan 2.2', the bonus program could award $2 million to the winning owner of the Black-Eyed Susan Stakes and $200,000 to the victorious trainer. The winning filly must qualify by capturing a series of preliminary stakes.
"My hope is that 2011 will be remembered in the sports world as the founding year of a long, successful and profitable tradition of the Preakness 5.5 and the Black-Eyed Susan 2.2," said Dennis Mills, Vice Chairman and CEO of MI Developments Inc. "The Preakness weekend is an important generator of revenue for the Maryland Jockey Club and this program, combined with the Preakness 5.5, should improve racing results across our entire racing portfolio."
There will be an AmTote Jockey Bonus worth $50,000 to the winning jockey of the Black-Eyed Susan Stakes who also rode the winner of one of the qualifying races and competed in at least one other qualifying race.
"We are delighted to expand our support of the Preakness 5.5 weekend to offer a similar prize for the Black-Eyed Susan 2.2," said Steve Keech, President of AmTote International Inc.
The tracks, all owned by MID, involved in the program are Gulfstream Park, Santa Anita Park, Golden Gate Fields and Portland Meadows.
At Gulfstream Park, a filly must win the Forward Gal Stakes on Saturday, January 29, 2011 plus win the Davona Dale on Saturday, February 26 and then win the Gulfstream Park Oaks on Saturday, April 2.
For Santa Anita Park runners, a horse must win the Las Virgenes on Saturday, February 5 plus win the Santa Anita Oaks on Saturday, March 5 and also win the Gulfstream Park Oaks.
The winner of Golden Gate Fields' California Oaks on New Year's Day can qualify for the bonus by going on to win the Santa Anita Oaks and Gulfstream Park Oaks.
Portland Meadows in Oregon will conduct the Portland Meadows Oaks on Saturday, January 29. The winner of that race will also qualify for the Black-Eyed Susan 2.2 if it goes on to win the Santa Anita Oaks and Gulfstream Park Oaks.
"The Portland Meadows Oaks will instantly become a significant event in the north-west racing scene as part of the Black Eyed Susan 2.2 bonus program," noted William Alempijevic, General Manager of Portland Meadows.
In addition, a consolation prize will also be offered sponsored by XpressBet, which has one for the Preakness Stakes called XpressBet .55. If the winner of the 2011 Black-Eyed Susan is not eligible for the $2.2 million bonus, the winning owner would get $200,000 and the winning trainer $20,000.
"Everyone wins," stated Ron Luniewski, President of XpressBet Inc. "The breadth of the eligibility of the consolation prize attracts the horsemen and trainers and this should result in larger fields which appeals to both our customers and race fans."
The Black-Eyed Susan Stakes is customarily run the day prior to the Preakness Stakes, the middle jewel in racing's Triple Crown. The 87th Black-Eyed Susan Stakes will be run on Friday, May 20, 2011.
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In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and online football betting thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
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