The Belmont Stakes Per Head Preview To Increase Racebook Profits
The final Triple Crown race this year, the Belmont Stakes, takes place on June 9.
Online bookie agents should have made a killing in their racebooks on the Kentucky Derby and the Preakness Stakes.
If they did make a profit, it’s time to protect profit. If they didn’t make a profit, they should pay even more attention to what they read here to increase & protect profits.
Why? If they had put some of these things in place, they most definitely wouldn’t have lost a lot of money on the Derby and Preakness.
Heck, they wouldn’t lose money, or they wouldn’t lose a lot of money, on any horse race in their online racebooks.
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We’ll start off with the current odds on likely entrants for the 2018 Belmont Stakes.
2018 Belmont Stakes Racebook Odds
- California Chrome lost the Belmont in 2014.
- Silver Charm lost in 1997
- Real Quiet Lost in 1998.
Vino Rosso 9/1
Blended Citizen 14/1
Noble Indy 33/1
Free Drop Billy 50/1
It’s apparent that Justify will get most of he love leading up to the Belmont Stakes. In the futures, Justify offers relatively fair odds.
He’s dominated most of these before. The only horses he hasn’t dominated are Gronkowski and Blended Citizen. That means future book Belmont Stakes bettors will be all over Justify.
Set max betting limits on Justify. However, don’t stop there. It’s important to set max betting limits on all horses to win the Belmont Stakes.
Favorites, even those as talented as Justify, don’t always win the race.
All 3 were favored to win the Belmont and the Triple Crown.
Below are a couple of other things you should do:
1. Set a max payout
Most offshore racebooks do this. They won’t allow players to win more than, say, $10,000 total on any race.
Your max payout should be something closer to $5,000 if not less. Set a max payout on the Belmont dependent on your racebook. Don’t worry what your peers are setting their max payouts at.
2. Set max betting limits on individual wagers
For example, set an individual max amount of $200 that bettors can wager on any horses and all horses to win, place, or show in the Belmont Stakes.
It doesn’t matter if they place the $200 on Gronkowski, Justify, or Blended Citizen. It doesn’t matter if they split up their $200 on Justify, Gronkowski, and Blended Citizen.
Set a different max amount on exotic wagers. For example, set the max amount on exotic wagers at something like $300 if the max amount on straight wagers is $200.
Again, the max amount counts for all exotic wagers.
It doesn’t matter if they use all $300 on a single trifecta wager, or split it up among superfecta, trifecta, and exacta wagers.
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