Three Sports Betting Strategies for Wagering on the Belmont Stakes
If you’re a horse-betting fan, we recommend trying your hand at the Belmont Stakes. This race closes the US Triple Crown series. The first event was in June of 1867, and it’s continued to be a fan-favourite since then.
Belmont Stakes odds are a challenging market because this race covers a longer distance. That’s why it’s crucial to do your research on betting strategies before placing any wagers. Various experts suggest this tactic gives you the best chance of winning.
Read on to learn about three strategies we recommend using when placing wagers on this race.
Value Betting
One strategy we suggest using for the Belmont Stakes is value betting. This process is where you take advantage of odds that are higher than the actual probability.
First, you’ll need to calculate each horse’s probability of winning. Then, scan the sportsbook for higher odds. For example, if you predict a 25% chance but the bookie is offering eight to one odds, bet on that horse.
Matched Betting
With this technique, we take advantage of sportsbook offers. Locate a lucrative free bet promotion. Claim the offer and use it to back the horse you expect to win. Once that’s done, use a betting exchange site to place a lay wager against the same horse.
Matched betting allows you to set up your bets so that you make a profit no matter what happens. While this strategy isn’t illegal, you should keep in mind that a sportsbook may restrict your account if it catches you.
Arbitrage Betting
This strategy is similar to match betting in that you back and lay the same outcome. However, you don’t use free bets in this method. First, use an exchange site to place a wager backing a horse to win.
Next, use a separate exchange site to place a lay bet on the same horse, ensuring it has lower odds than your other wager. “Laying” means you’re essentially selling the right to receive winnings to someone else. If any outcome occurs other than the prediction, you receive the money.
If the horse wins the race, you make a profit on your first bet and lose your lay bet. However, you still make a profit since the first one has higher odds. You also make a net profit if the horse loses, though.
Conclusion
Now that you know about these three strategies, you’re ready to bet on the Belmont Stakes. Use value betting, matched betting or arbitrage betting to guarantee yourself a profit!
