Belmont Stakes Odds 2023

Only the toughest and best horses make their way to Belmont Park each June to participate in a racing event that is widely known as the Test of the Champion. Due to its position on the horse racing calendar, the Belmont Stakes has become synonymous with the world-renowned Triple Crown series in the United States as we gear up for the 2023 running.

The Belmont Stakes has been an immensely popular fixture since its inception back in 1868 when it was initially hosted at Morris Park and Jerome Park, before finding its permanent home in 1905 at Belmont Park.

The Belmont Park racecourse was closed in 1911 and 1912 when anti-gambling legislation came into effect, resulting in the cancellation of the Belmont Stakes. Thankfully, it staged a quick return, and in 1920 history was made when Man o’ War won the prestigious race by 20 lengths, setting a new record in the process.

The term “Triple Crown” was informally coined in 1930 when Gallant Fox claimed victory in all three major races. However, it wasn’t until 1935 that the term was widely used after Omaha repeated the three-victories feat. The order of the Triple Crown races was eventually set back in 1931 with the Kentucky Derby being first, followed by the Preakness Stakes, and then the Belmont Stakes as the final race.

Due to the grueling schedule of the Triple Crown, it should come as no surprise that the Belmont Stakes is considered a graveyard to some of the best thoroughbreds in the world. Between 2002 and 2004, three consecutive Belmont Stakes witnessed horses arriving in New York with the hopes of claiming the Triple Crown, those being War Emblem, Funny Cide, and Smarty Jones. However, each of them failed in the final race of the Triple Crown. The crowds at Belmont Park have increased with each passing year, and in recent times you could expect to find over 100,000 spectators at the event.

2023 Belmont Stakes odds

The Belmont Stakes is restricted to only 12 runners in the gate. Therefore, it’s easy to understand that the final places for this major race are quite valuable. The horses that qualify for the Belmont Stakes will be based on their career earnings, so each of the runners is required to race in other big events, such as the Kentucky Derby, Preakness Stakes, Florida Derby and Wood Memorial, to mention a few.

Here are the 2023 post positions and Belmont Stakes morning line odds:

Apart from the earnings, any horse that wins the Preakness Stakes and the Kentucky Derby will automatically qualify for the Belmont Stakes. Those interested in an entry box for the Belmont Stakes will need to pay a minimum of $15,000 along with an additional $15,000 to get the final starting places. The purse for the Belmont Stakes is a whopping $1.5 million, making this one of the most enticing races to bet on each year.

2023 Belmont Stakes post positions

The 2023 Belmont Stakes post positions have been made available ahead of the race, which you will find in the table above.

How to read the 2023 Belmont Stakes odds

The 2023 Belmont Stakes betting odds will give you insight into how likely it is for an event to occur along with how much you stand to profit if you placed a bet on a winning horse. However, if you are new to online sports betting, you will notice that the betting odds are confusing, complicated and daunting at first glance. Thankfully, we have a comprehensive guide to assist you in reading the Belmont Stakes betting odds and understanding them like a betting professional.

Before you can even consider placing a bet on a horse in the Belmont Stakes, you will need to know how to read and understand betting odds. This section of our article will explain the concept of betting odds, how they work, how to calculate odds, and your chances of making a sizable profit before the 2023 Belmont Stakes is on the horizon. The first thing you will need to understand is probability, followed by how you should calculate probability with odds and how you can calculate your winnings by using betting odds.

Probability

You can easily predict the outcome of a horse racing event like the Belmont Stakes when you look at betting in a simplistic form. Once you know how to predict the outcome, you will stand to make a sizable profit in the process. With the Belmont Stakes, you will realize that there’s loads of probabilities that can occur in such a major horse racing event.

Probability is similar to a simple dice roll that will provide a maximum of six outcomes, regardless of the number you roll with the dice. This essentially means that the chance of rolling a specific number is 16.67%. Just like the dice, the Belmont Stakes will indicate the likelihood of a horse claiming victory at Belmont Park. The betting odds that are showcased next to each horse in the Belmont Stakes will be presented in different odds systems, such as fractional and decimal.

Using betting odds to calculate probability

When you use fractional odds to view the betting odds for the Belmont Stakes, you will be greeted by two numbers that are divided by a forward slash. It will either be presented, for example, as a 1/5 or a 8/3, depending on whether the horse is a favorite to win the race or not. These fractional odds are immensely popular in the United Kingdom, but are quite difficult to understand as a newcomer to horse race betting.

The fractions displayed next to each horse will give you the opportunity to determine the likelihood of the horse winning the Belmont Stakes. They will also indicate how much you will win if you placed a bet on a winning horse. To make it easier for you, replace the numbers with letters. For instance, 5/1 can be A/B. To give you the upper hand, use the following calculation: Probability (%) = B / (A+B). Below, we included a few fractional odds examples to help you understand them better.

• 9/1 – The calculation for this is as follows: 1 / (9+1) = 0.10. This means that the horse has a 10% chance of winning.
• 4/1 – The calculation for this is as follows: 1 / (4+1) = 0.20. This means that the horse has a 20% chance of winning.
• 1/1 – The calculation for this is as follows: 1 / (1+1) = 0.50. This means that the horse has a 50% chance of winning.

Once you can calculate fractional odds to get the % of the winning probability, you will also be able to calculate your potential profit if you place a bet on a winning horse.

Using betting odds to calculate winnings

The Belmont Stakes betting odds will indicate your profit margin should you wager on a winning horse. Let’s use the same examples as above and once again replace numbers with letters. This basically means that you can determine your potential profit much easier. For instance, if 6/1 is transformed to A/B, you can tell yourself that for every B you wager, you can potentially win A. Don’t forget that fractional odds don’t include your initial bet, so you will receive that over and above your winnings, as well.

• 9/1 – Making a $1 wager will award you a $9 profit.
• 5/1 – Making a $1 wager will award you a $5 profit.
• 1/4 – Making a $4 wager will award you a $1 profit.

Decimal odds

Now that you understand how fractional odds work, we can take a closer look at decimal odds. Decimal odds are gaining popularity around the world due to the fact that they are easy to understand and your initial bet is also included in the equation. If you are new to sports betting, we highly recommend that you change the odds to display decimal odds, as they will be much easier to use. The calculation you can use for decimal odds is as follows: Your wager – (Bet x Odds) = Winnings. We included a couple of examples below to help you understand.

• 8.0 – This is calculated as ($10 bet x 8.0) – $10 bet = A profit of $70.
• 3.0 – This is calculated as ($10 bet x 3.0) – $10 bet = A profit of $20.
• 1.25 – This is calculated as ($10 bet x 1.25) – $10 bet = A profit of $2.50.

How odds are calculated for the Belmont Stakes

You might be surprised to learn that there are tons of factors that can affect the calculation of the betting odds for the Belmont Stakes. Odds compilers usually spend countless hours looking at valuable information and researching data before they can confidently provide the betting odds for such a major race. In addition, they will require assistance from gallop watchers, form experts and even private handicappers to ensure the information is correct. Apart from looking at the horse’s total earnings, overall performance, age and sex, they will also evaluate the horse’s jockey on the day and the trainer.

Belmont Stakes and futures betting

The Belmont Stakes is schedule to take place in June. However, if you are interested in getting the most generous odds for the upcoming event, we suggest taking a look at futures betting opportunities. Most seasoned bettors place a wide range of futures bets long before the event takes place. The reason for this is that you won’t find better odds on the day, which means you will stand to win far more if you place bets months in advance. Just ensure that you do your research to find the best odds in the industry before placing a bet.

Fascinating records for the Belmont Stakes

• Most owner wins — James R. Keene and Belair Stud have six wins each.
• Most trainer wins — James G. Rowe Sr. has a total of eight victories at the Belmont Stakes.
• Most jockey wins — Eddie Arcaro and Jim McLaughlin both have six wins.
• Margin of victory — Secretariat managed to win the Belmont Stakes by 31 lengths in 1973.
• Speed record — Secretariat finished the race in a record 2:24 flat in 1973.