Many betting options for bettors in fan-less Belmont Stakes


The betting windows won’t be open for business at Saturday’s Belmont Stakes, but computers and phones across the country should help pick up the slack, depending on where you live.

In the absence of being able to wager at the racetrack, as the revamped Triple Crown series kicks off at a spectator-less Belmont Park, bettors still have plenty of options to get in on the action. At-home options range from advance-deposit wagering services such as NYRA Bets, TVG, TwinSpires, Xpressbet and the FanDuel Horse Racing app for those in New York to 4NJBets in New Jersey — and possibly even fixed odds through DraftKings in a limited number of states, though not yet in New York or New Jersey.

“Right now, because of the pandemic, the mobile betting has become a really good way to bet on horses,” said Vegas Stats & Information Network (VSiN) horse racing expert Ron Flatter. “It’s actually become a lifeline for the industry.”

Aside from the potential of DraftKings adding fixed odds in time for the Belmont Stakes — Johnny Avello, the company’s director of race and sportsbook, said Tuesday he was hopeful, pending approval — the rest of the services feature pari-mutuel betting. Because those odds are determined by the betting itself and not a bookmaker, Flatter said deciding on which service to use depends on personal preference. Many are currently offering promotions for free plays or deposit matches to new sign-ups.

Since Belmont Park opened for racing in its delayed and abbreviated spring/summer meet on June 3, it has often crushed handles from equivalent dates in 2019. Its opening week, for example, saw an 84 percent increase in its all-sources handle ($76,264,891) from the same stretch last year.

They’re not alone. Flatter pointed to big handles at Churchill Downs after it reopened and also at Oaklawn Park on the day of the Arkansas Derby — generating a $41 million handle, which more than doubled the previous record for any single day.

“We’re seeing this time and again because people are just looking for some place to gamble,” Flatter said.

Just how big the handle might grow Saturday at Belmont Park remains to be seen. Because the Belmont Stakes is going out of order, there is no Triple Crown on the line like there was recently in 2018, 2015 and 2014. There is also less familiarity of the contenders for the casual fan, since the Kentucky Derby and Preakness have not been run yet. Plus, there is already a clear favorite in Tiz the Law — it is expected to be the first time since 1976 the Belmont Stakes has an odds-on favorite without a Triple Crown on the line, according to Flatter.

The record handle for a Belmont Stakes day is $151,109,373, set in 2014. Last year, it generated a non-Triple Crown-year record handle of $102,163,280, with an on-track handle of $11,852,506.

Now, as it enters an unprecedented Belmont Stakes without fans, the New York Racing Association is hoping to see more big numbers, particularly through its own betting service, which benefits those behind the scenes.

“NYRA Bets is very important for not just NYRA, but horsemen in New York,” said Tony Allevato, NYRA’s chief revenue officer and president of NYRA Bets. “The way online betting works for horse racing is when a person is betting, regardless of where they are in the country, the money goes into the pot that everybody’s splitting up as part of the betting system. But when a person in New York bets on NYRA Bets, it’s the same as making an on-track bet. What that means is the amount of money that comes out of that bet, there’s a maximum amount that will be going to horsemen and people on the backstretch and supporting horse racing.

“So a dollar bet through NYRA Bets goes a lot further for horse racing in New York than it does on one of the other companies.”

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