Bettors May Hit Pay Dirt as “I’ll Have Another” Gets 7/1 Odds After Preakness Win

May 21, 2012 - PRLog -- San Jose, Costa Rica – May 21, 2012 – I’ll Have Another’s win at the Preakness Stakes this past weekend is spelling big gains for sports bettors and big trouble for one online sportsbook. SportsBettingOnline.ag stands to pay out a record sum of money should I’ll Have Another win the Belmont Stakes thanks to its recent prop bet that saw odds on I’ll Have Another winning the Triple Crown as high as 15/1.

"We released the odds two weeks ago at +15/1 and immediately the betting public jumped on the Yes bet,” stated Dave Johnson, head oddsmaker at SportsBettingOnline.ag. “In this type of market, money drives the price. So my oddsmakers dropped the odds to 14/1, 13/1, 12/1 and eventually settled in at 7/1 at post. To say the least, we were rooting hard for Bodemeister to pull it off at the end but it didn’t happen.”

As of today, http://www.sportsbettingonline.ag/racebook?utm_source=prlog&utm_medium=pr&utm_campaign=belmont won't re-open the market, instead opting to focus all energies on supporting any of the field to take down I’ll Have Another at Belmont.

The Triple Crown is composed of the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. The last horse to win the Triple Crown was ‘Affirmed’, who won all three races in 1978. I’ll Have Another took the Kentucky Derby and the Preakness Stakes, edging out the favored Bodemeister in both races.

If I’ll Have Another completes the Triple Crown, there will be a large number of happy bettors at SportsBettingOnline.ag. The total Yes wagers outweighed the No wagers by 10 to 1. If the horse wins the Belmont Stakes on June 9, hundreds of bettors stand to take home a small fortune.

Each year, after the Kentucky Derby winner is named, Johnson creates odds on whether or not that horse will wrap up the Triple Crown. No word yet on whether Johnson will reevaluate the Triple Crown prop bet for 2013 after I’ll Have Another’s impressive showing.

More information on the Belmont Stakes odds, plus all other live lines can be found at SportsBettingOnline.ag.

Public Relations: For more information or to request an interview regarding this press release/prop bet please contact Dave Johnson at dave@sportsbettingonline.com.  All inquiries will be addressed immediately