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Saturday, June 10th, 2023. Belmont Park, Elmont
2023 Belmont Stakes Odds Horse Racing
The Belmont Stakes is a Grade I stakes horse race in the United States open to 3-year-old Thoroughbreds. It is the third and final race of the annual Triple Crown. At 12 furlongs, it’s also the longest of the three races by two furongs.
Also known as the Test of the Champion or The Run for the Carnations, it’s traditionally held on the first or second Saturday in June. It is five weeks after the Kentucky Derby and three weeks after the Preakness Stakes. Secretariat has the track record in all three from his Triple Crown wins in 1973.
The 154th running, in 2022, was won by Mo Donegal with a time of 2:28:28, He went off at odds of 5-2 from a field of eight. We the People was the favorite at 2/1 but ended up finishing fourth. Nest (8/1) took second place while Skippylongstockings (20/1) took third.
Nest was the only filly in the field and came up just short of becoming the fourth to win the Belmont Stakes. The last filly to accomplish this feat was Rags to Riches in 2007.
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Betting on horses can be challenging for some new bettors to pick up, especially when you drill down into the more complicated betting types and making sure you are placing the wager you had intended to. Betting on the Belmont Stakes is no different, that’s why we are going to teach you how to bet on the Belmont Stakes and pass along valuable horse betting tips that will help you profit from the upcoming season.
The first thing to pay attention to when betting on the Belmont Stakes is the odds and line moves. Odds can look very different on a racebook opposed to a regular sportsbook, so you’ll want to be able to translate the odds to make it easier to read and understand based on your betting experience level.
It’s highly likely that you’re more well-versed in American odds formatting, and you might be surprised when you notice that most horse bets are placed with fractional odds. If you see a horse with 10-1 odds, you might not quite understand what that means – but don’t worry, it’s not that hard to wrap your head around.
These odds types are what you should expect for a payout if your horse does indeed win the race. This number will show how much in winnings you’d make depending on the stake you risk. For 10-1, for every $1 risked, you will win $10. If you bet $1, you will receive a payout of $11. If you bet $10 you would receive a payout of $110.
Though pari-mutuel betting systems aren’t used at BetUS sportsbook, it is commonly used in-person in off-track betting locations (OTBs). If you intend to bet online at BetUS sportsbook for all of your horse betting needs, you won’t really need to read the following information on pari-mutuel, but if you plan to visit Belmont Park for the race, it might be helpful to read on.
The Belmont Stakes betting odds in certain cases is determined by a pari-mutuel system, which means your potential payout on a certain betting type is separated into its own pot and divided by how many wagers are placed on that type. As bets come in, the odds will fluctuate before the race depending on which sides the bettors are placing their money.
It’s sort of like a progressive jackpot, but money can come in on more than one outcome. Each side of the wager feeds the other or takes away from it. The more people that bet on an outcome that ends up occurring, will ultimately reduce your winnings.
This means your payout can continually fluctuate depending on other’s behavior, which makes it very different from regular betting types. Instead of placing a $100 wager and locking in 10-1 odds then receiving the $1100 payout that’s calculated on your bet slip, you will just receive a percentage of that pool which has an undetermined value until all bets are placed.
The uncertainty of pari-mutuel betting makes it difficult to assess the value of your wagers, which can be crucial to a Belmont Stakes betting strategy overall. We prefer to stick to online betting sites and racebooks that allow you to use standard betting and lock in your odds and payout amounts.
There are many Belmont Stakes betting options available and it’s important to understand each type before you go in to make your wagers. Certain bets might not make sense for certain races so you want to make sure you have a good idea how to utilize all of them.
Win, Place, Show
The most common and simplest type of bet you can place on horses is the win, place, show, or also known as a straight up wager. These three options are simple to understand and allows you to pick a horse to win, or pick with a small margin of error and still cash in. These types don’t usually pay out quite as much as you’d make on an exotic bet or a parlay, but you can still take advantage of a hunch and bet on a longshot.
If you bet on a horse to ‘Win’, it’s fairly straight forward: you need that horse to win the race flat out. If you bet on Horse 6 to win the race and it does, you will win your bet.
If you’re betting on a horse to ‘Place’, you are betting on a horse to place in the first or second spots. Your horse can place in either spot, it doesn’t matter, but your horse must rank in the top two. If you picked Horse 4 to place, and they came third, you would not win your bet. If they placed 2nd, you would win.
If you’re betting on a horse to ‘Show’, you’re betting on a horse to finish in first, second or third. This means your horse needs to place in any of the top three positions to win your bet. Your horse can place third, second or first and you will win.
Exotics are more for seasoned bettors, but they can be fun to experiment with as a beginner bettor. You could win some great cash from exotics, so you will want to do plenty of research before getting started. There’s a greater risk with exotics, so be sure to keep that in mind before you bet your savings.
Exacta Bets
Exacta bets are when you try to predict the top two horses and their exact placements in the race. You don’t have the flexibility of the order being reversed in any case, you must pick the first-place horse and the second-place horse exactly as they finish. This could be easy if you see a race where two horses are favored to win, and you are certain of the fastest horse. But be careful, if you aren’t careful and your second place horse places first, you will lose.
Quinella Bets
Quinella bets are a combination of Exactas and Show bets. They allow you to pick two horses you think will place in the top two, but you can have your horses place in either spot. It doesn’t matter if they place first or second, they both just need to place. Horse#1 can place second and vice versa.
Trifecta Bets
If exactas have gotten boring for you and you think you can predict the top three horses in the Belmont Stakes race, you will want to make a Trifecta bet. Your job is to correctly predict the first place horse, second place horse and third place horse, all in order. You have no margin of error; all three horses must place and place in the positions you chose for them.
Superfecta Bets
If you want to kick it up a notch even further, you can try a Superfecta bet, and correctly pick the top four horses and their placements. Superfectas are extremely risky, but pay out handsomely. If by some miracle you correctly predict the top four horses, you will be laughing all the way to the bank.
Daily Doubles
Daily Doubles are popular at the Belmont Stakes because there are plenty of race events over the course of the weekend, and your job with Daily Doubles is to pick the correct horse two races in a row. It’s very similar to a parlay, where you can bet on multiple different events and combine the odds to generate a larger payout.
You could pick a 3-8 Daily Double wager, and you would be betting on Horse #3 to win race one and then horse #8 to win race two.
You can continue to up the ante with Pick 3s, Pick 4s, Pick 6s and so on. This is extremely challenging for even the most experienced horse bettor, as an unsuspected underdog can come along in the third race and wipe your entire bet slip clean.
Much like any other sport, you can bet on the big events like the Belmont Stakes before it even begins. Usually once the Kentucky Derby and Preakness Stakes wrap up, you can find Belmont Stakes futures where they will show you all horses competing, and you can choose your favorite horse to win the whole thing. The odds to win will be inflated, and you could predict the winner long before that horse ever crosses the finish line.
You can get some great value from betting on an underdog in big races like the Belmont Stakes. Ensure you pay attention to qualifiers and how horses have performed at previous Triple Crown races to ensure you have a good idea of how they might perform at Belmont Park.
Another futures bet you can place is the Triple Crown Winner special, which allows you to predict if a horse will win a Triple Crown honor at the Belmont Stakes. The odds will be released after the Kentucky Derby, and will either increase or drop off after the Preakness, depending on if that horse secures another win.
Please visit our Belmont Stakes Bonus Pages to learn more about the incredible Promos, Cash & Casino bonuses available for you today:
The Belmont Stakes will be televised live on NBC, beginning at 4:00 PM ET. Post time approx. 6:45 PM ET.
The third and final Triple Crown race will occur on June 10, 2023. The exact time has yet to be announced.
Yes, betting on the Belmont Stakes at BetUS Sportsbook is safe, convenient, and 100% legal.
The two best options for betting on the Belmont Stakes are online at BetUS Sportsbook or in person at Belmont Park in Elmont, New York. One favors excitement, while the other favors convenience. You can also bet on the race at any track that handles it as part of its simulcast program, which is virtually every track nowadays.
Betting on any Triple Crown race, including the Belmont Stakes, is 100% legal at any regulated sportsbook. Betting at BetUS falls into this category, as does at the track in New York.
The 2023 Belmont Stakes is scheduled for June 10, 2023.
The 2022 Belmont Stakes champion was Mo Donegal with a time of 2:28:28. He was owned by Donegal Racing & Repole Stable, ridden by Irad Ortiz Jr, and trained by Todd Pletcher. Mo Donegal closed at 5-2 to win and beat out favorite We The People (2/1).
The minimum age to bet on sports or horses at BetUS sportsbook is 18 years of age.
There is an excellent selection of wagers to place on the Belmont Stakes. You can keep things simple with a Win/Place/Show wager or move into exotics like Exactas, Trifectas, Superfectas and more. With the Belmont Stakes usually deciding if a horse wins a Triple Crown, you can also bet on Triple Crown Futures.
The first step to picking a winner at the Belmont Stakes is to do your homework. It is essential to review each horse’s previous performances on long dirt tracks such as Belmont. At 1½ miles, it’s more of a marathon than a sprint. Also, what is the weather like? Is the track sloppy? Some horses prefer this, and you must know which ones should a storm suddenly occur.
You can find current odds for the 2023 Belmont Stakes at the BetUS Sportsbook. Head over to the horse racing tab for odds on all upcoming events.
