Huge Payoffs on Belmont Stakes Card
Posted on 6/9/2008 12:16:16 PM
By Pete Mitchell
For a sharp bettor, the beauty of big race days like the Triple Crown and Breeders’ Cup is that the wagering pools are huge, and a relatively high percentage of money in the pools comes from once-a-year visitors to the track. In other words, the pools are dominated by “square” money. Opportunities abound for astute individuals who have done their homework and have a betting strategy in place. Your profit potential can increase exponentially if you are successful in attacking multi-race wagers, such as Daily Doubles, Pick-3s and Pick-4s.
Below are a few examples of how Saturday’s Belmont Stakes card yielded windfall profits to those sharp enough to take advantage:
When computing the true value of a Daily Double, Pick-3 or Pick-4 payoff, it’s helpful to calculate what a parlay would pay for that same set of races. In other words, what would your payoff have been for a two, three or four-race parlay versus what you actually received for your winning ticket.
The Brooklyn/Belmont Double (winner of Friday’s Brooklyn Handicap coupled with the winner of the Belmont Stakes) paid $550.00 for a $2.00 ticket, for a profit of $548.00. However, the corresponding parlay would have yielded only $258.70 (Brooklyn winner Delosvientos paid $6.60, and Belmont winner Da’ Tara paid $79.00, therefore $6.60/$2.00 = 3.3 x $79.00 = $260.70 - $2.00 = $258.70). $548.00/258.70 = 2.12.
Essentially, the Brooklyn/Belmont Double paid more than twice what the corresponding parlay would have paid…and that, folks, is what we call value.
A parlay of Race #10 winner Dancing Forever ($10.40) and Race #11 winner Da’ Tara ($79.00) would have netted $408.80, while the corresponding Daily Double netted a whopping $1,572.00, nearly four times the parlay payoff.
Let’s look at races that resulted in more modest mutuels. A parlay of the winners of Race #6 (Benny the Bull, $3.00), Race #7 (Ventura, $21.20) and Race #8 (Zaftig, $7.50) would have netted a payoff of $117.25, while the corresponding Pick-3 netted $163.50, a 39 per cent improvement.
This “Big Race Day” phenomenon often occurs to a slightly lesser extent on weekend cards when major stakes races are run, so be prepared to take advantage whenever hordes of people are flocking to the race track.
BetOnline.com will be here to accommodate you.
Pete Mitchell has been handicapping
horses since his teenage years. He has been a professional horse player for
many years, and came to BetOnline.com’s attention through multiple referrals
from industry insiders/sportsbook owners. Pete is revered for
his horse handicapping opinion
and industry experts acknowledge his impressive career
winning record. Thoughts or questions? Email
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