Horse Race Betting FAQs: How To Bet For The 2019 Belmont Stakes

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The Belmont Park in Elmont, New York is now set and ready for the country’s final leg of the most prestigious Triple Crown series tournament, the Belmont Stakes. Completing the two initial leg of the horse racing tournament which is Preakness and Kentucky, Belmont Stakes is one of the most anticipated horse racing events in the country.

How and Where To Place Your Bets

The Belmont Stakes 2019 wagering selection are available online and offline. Talking about the offline availability, you have the option to place your wage through window tellers and betting terminals found in the racetrack field. When you opt to place your bets using self-service terminals, the buttons in a touch-enabled screen is easy to use. All you need to do is insert your voucher, select your odds and entries, place your cash, and get your receipt. The receipt that you will be getting from the machine comes in a ticketed form. Always double check your ticket to be sure you have the right bets you have placed.

How Much Should I bet?  

Since there are various types of wagers available during the horse racing show, the bet for each entry may vary. The minimum wage you can make is around $0.10 which is for Superfecta category and around $1 for Win bets. Take a look at the following classification of bets and the minimum amount you can wage.

  • Grand Slam – $1
  • Pick 6 – $2
  • Pick 5 – $0.50
  • Pick 4 – $0.50
  • Pick 3 – $1
  • Quinella – $1
  • Daily Double  – $1
  • Exacta – $1
  • Superfecta  – $0.10
  • Trifecta – $0.50
  • Win – $1
  • Place – $1
  • Show – $1

How Should I Place My Wage At The Window?

  • The track name
  • The number of race
  • Amount of bet you want to wage
  • The entry number of the horse racer

How Are Odds and Entries Determined

All horse racing entries are set early in the morning before the race begins.  Please be reminded that odds and entries change from time to time because their statistics depends on the amount of money being waged for every entry. One pro tip that every horse racing experts would advise is that the best time for you to place your bet is two minutes before odds and entries close. In this way, you have the chance to know who got the highest wage which normally emerged as a winner.

Why Do Some Odds Fluctuate Once The Race Starts?

Bear in mind that the tallies of odds and entries are done using a programmed software and for some reasons, technology sometimes experiences delays. The number of wages mostly change every last minute before the show starts which gives you enough reason for wage fluctuation as the race progresses.

How Should I Check If I Win?

Once the race is officially done, winning names are flashed on television and tote boards. In this way, you have the chance to check your name if you won in a specific wage.

Additional Helpful Items That Helps You In Betting the Belmont Stakes Rightfully

In the course of horse racing betting like Belmont Stakes, there are things you need to bear in mind and take note so that you’ll get the price correctly.

Hold Your Tickets Until The Race Is Finally Over

If you think you bet for a winning wage, the first thing you have to do is to hold your tickets first until it is announced that the race is over and winning entries are official. There is an only minimal difference with regards to the winning time of each horse racers, that’s why when a review is done by the organizers and they finally announce the winning wagers, that’s the time you also declare that your entry won.

Rules For Winning Tickets Uncashed

In some cases, if you are engaged in a pari-mutuel racing system, there’s a tendency that you can’t claim your price right away. Be reminded that these tickets need to be cashed within 10 days from the date of purchase and reaches a value of $300 or more. Once it remains unclaimed, you have to go through a long process. These tickets can be redeemed through IRS windows. In claiming, you must provide your name, date of birth, socials, and most especially your home address.

This is a new process and requirement of the government which was initially disagreed by NYRA or New York Racing Association. NYRA was on the verge of arguing to giving a plea to the government not to implement this, but still, The New York Wagering & Racing Board still imposes this rule.

Betting in horse racing show like Belmont Stakes is both an entertaining and a rewarding feeling especially if you placed a winning wager. On the other hand, make sure that you are wise enough when you bet to make sure that you do not lose a huge amount of money.

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