Nothing shapes Belmont Stakes odds like a Triple Crown. If a horse wins the Kentucky Derby and Preakness Stakes en route, then it’ll be a hot favorite with oddsmakers. On this page, you can view the latest odds for the Belmont Stakes and also see the different type of bets that available on the big race.

Latest 2024 Belmont Stakes Odds

Odds for the 2024 Belmont Stakes are available to bet on across several of our recommended offshore bookmakers. Compare the latest odds for the Belmont Stakes right here, where they will be updated as we approach the big race on Saturday, June 8.

How Belmont Stakes Betting Odds Work

When you examine the current Belmont Stakes odds, you may have wondered how oddsmakers set their prices. The odds you see for the Belmont runners reflect the implied probability of each horse winning the race.

Most horses listed will be considered underdogs or even longshots. That means that their price will feature a ‘+’ symbol, before a number. The number refers to the amount that you will win if you bet $100 and it is a winner.

Implied Probability with Positive American Odds

So, if you were to see a horse priced at +450, it would mean that a $100 bet could see you win $450. There is a formula that shows the implied probability of one of the horses winning.

For a horse with odds of +450, that is as follows…

As you can see, the implied probability of a horse priced at +450 is 18.1%. Of all the runners in the race, it is thought to have an 18.1% chance of winning.

Implied Probability with Negative American Odds

The other type of 2024 Belmont Stakes odds that you will see are for a favorite. You will be able to identify a favorite, as it either has the smallest number after a plus sign or it has a ‘-‘ sign in front of the number.

This is reasonably rare for a race like the Belmont Stakes, as it shows a horse that is odds-on to win. It will only happen if there’s a very strong favorite, such as a horse that has come into the race having won the Kentucky Derby and Preakness Stakes.

With a favorite the number shown represents the amount that you’d have to bet to win $100. So, if you saw odds of -200 for example, it would mean that you would have to bet $200 in order to possibly win $100. Once again, there is a formula you can use to work out the implied probability of victory:

Applied to odds of -200, the implied probability would be as follows…

So a horse with odds of -200 the implied probability of that horse to win is 66.66%.

Factors Considered by Oddsmakers

Now that you’ve seen how odds on the Belmont Stakes work, you might be wondering how the oddsmakers come to their conclusions. How do they decide that a horse has an 18.1% chance of winning, or a 66.66% chance of victory?

Form is a major indicator that is used. Particularly the results from the preceding Triple Crown races. Pedigree is another consideration. A racehorse’s breeding can tell tell you lot.

So can the records of the trainers and jockeys, though. Closer to the start of the event, more external factors such as the Belmont Stakes post position draw and conditions at the track, will come into play. There’s lots for oddsmakers to think about.

An additional external factor that impacts Belmont Stakes live odds is the money that is bet on the race. If a lot is being staked on a big outsider for example, their price shortens, as oddsmaker look to lessen their potential liability.

This can have the knock on effect of increasing the prices for other horses in the race. Odds can fluctuate to quite an extent from when they are first released, to that very last moment before a race starts.

How to Read Belmont Stakes Lines

You will find that odds for Belmont Stakes are generally expressed using American odds. This odds format is the one that we have discussed in the above section.

With this race being a major US sporting event, it is natural that the majority of the odds that you will find, either on Belmont Stakes racebooks and sportsbooks or when being discussed in the media, will employ the American odds format.

There are however, alternative formats which are sometimes used, especially in horse racing. When the Morning Line odds for the Belmont Stakes are available, they appear as fractions for instance.

Meanwhile, Final Odds are in decimal form. So you understand them all the various odds formats used for Belmont Stakes lines at different times, here is an explanation of each:

Different Kinds of Live Belmont Stakes Odds Explained

There are two main types of Belmont live odds for betting on this race. Futures odds available ahead of time and pari-mutuel pools. Let’s take a look at them.

Belmont Stakes Future Odds

With futures markets, you are (as the name suggests) betting on an event that will take place sometime in the future. In the case of the Belmont Stakes, early prices may appear shortly after the Kentucky Derby is run on the first Saturday in May.

If not then, then certainly after the Preakness Stakes two weeks later. The Belmont Stakes does not take place until the second Saturday of June. That’s five weeks after the Kentucky Derby and three after the Preakness.

So, at the stage when Belmont Stakes 2024 odds first appear, the official lineup of runners, may have been confirmed. The results of first the Kentucky Derby and then the Preakness Stakes, will have a big impact on what that line-up looks like here. Therefore, the initial odds for Belmont futures markets, may look very different to the Morning Line or prices on the day of the race.

Pari-Mutuel Pool Betting

We have so far discussed fixed odds betting options, which can take the form of futures markets or live markets, nearer the time of the event. With these, there’s a set price at the time you wager and you know exactly how much you will win if your wager is successful.

With pari-mutuel pool betting, there are no upfront live Belmont Stakes odds. Your stake and the stakes of all others betting on that same selection, create a total prize pool.

If one of your Belmont Stakes picks wins, you earn an equal proportion of that pool. The total funds are divided by the number of people that bet on that horse, creating what they call a dividend. Returned dividends can often be bigger than the Final Odds.

Bet Types & Belmont Stakes Odds Today

There are a huge range of options for different bets when you examine odds on Belmont Stakes. Let’s explore some of the many options that are available. To help illustrate things, we have included examples from the 2023 Belmont Stakes.

Straight Bets

These are individual Belmont Stakes bets in which only one prediction has to be correct in order for the bet to win.

Win Only Bet

Which horse will win the Belmont Stakes? You are betting on a horse that you think will cross the wire first. For most people, this is how to bet on Belmont Stakes in the simplest way.

Place Bet

This is where you bet on a horse to finish first or second in the race. Either spot sees your place bet win.

Show Bet

With a show bet, you wager on a horse finishing in the top 3 at the Belmont. First, second, or third spot is a winner regardless.

Across the Board

This type of bet combines win, place and show wagers. It is three bets in one on each of these specific outcomes, so your unit stake will be multiplied by three. A $10 across the board bet would therefore cost you $30.

If your horse wins the race, then the win, place and show bets will all be successful. Should it finish second, then the win part is a loser, but the place and show elements will be settled as winners. If the horse finishes third, then only the show part wins, and the win and place bet are losers.

Exotic Bets

With exotic bets, you wager on a combination of selections, in which more than one pick has to be successful, in order for your bet to be a winner.

Belmont Stakes Exacta

In an exacta, you must pick the horses that finish first and second in the race, in the correct order. Odds for this type of bet are not available before you place it, so you won’t know how much it returns until it has been settled.

Quinella

A quinella is essentially an easier version of an exacta. Again, you must pick out the top two finishers in a race, but with this bet your horses can finish in either order.

Belmont Stakes Trifecta

A trifecta requires you to pick the first three finishers in a race, in the right order. As you might expect, this is a difficult bet to pull off, so there is the option to ‘box’ your selections, which means that you cover every permutation of top three finishes for your choices.

Superfecta

The ultimate exotic bet for the Belmont Stakes requires you to name the first four finishers, in the right order. Rewards can be huge if you pull it off.

Again, there is the option to box your selections, to cover all the permutations. In 2023, there were two winning Superfecta results, because of a dead heat for fourth between Hit Show and Age of Empire.

Final Odds for Recent Belmont Stakes Winners

When considering Belmont Stakes odds today, it can be useful to look back at previous editions. This can give you some idea of what the Final Odds look like. You can compare Belmont Stakes payouts to these as well. Again, dividends could be bigger and pool betting better than fixed odds based on a $2 bet.

Whichever format you go with, previous Belmont Stakes winners act as a guide for the future. That’s why we have the table below. Here are the results and odds for the Belmont Stakes between 2023 and 2013. Any horse marked in bold represents a Triple Crown Winner.

How to Find Belmont Stakes Odds 2024 Online

If you’re now considering placing a bet on Belmont odds today, then we’ve got you covered. Here are some step-by-step instructions detailing how to find odds for this event and then place a bet on this famous race.

Pick a Bookie

Go to our page which features our recommendations for the best Belmont Stakes betting sites Read the reviews and choose one that best fits your needs.

Register Your Details

Once you’ve found a racebook you’ll normally see a ‘join now’ button that is prominently displayed. Click on it and register your personal details and set a password.

Get That Bonus

When you sign up with one of our favored bookies you’ll have the opportunity to secure some kind of welcome bonus. These bonuses are dependent on you fulfilling the terms and conditions of the offer, so at this stage, make sure you know what’s involved, so you don’t miss out. These conditions can involve your first payment, which bring us to…

Make a Payment

Now it’s time to add some funds. Go to the banking section and making sure that you are complying with your bonus conditions, choose a payment type and the amount of money that you wish to deposit.

Place Your Bet

Finally, you are ready to check out the Belmont Stakes odds 2024 and place a bet. Within the racebook or horse racing section of a sportsbook, find the Belmont Stakes section which will contain all the markets available for the race. Choose your bet, click on the odds, decide on your stake and confirm the bet.

The Best Racebook for Current Belmont Stakes Betting Odds

There are a number of factors when it comes to rating the best racebooks for betting on the Belmont Stakes. How generous are the current Belmont odds? How well is the market managed, in terms of making prompt updates to runners and prices? Is there a range of bets on the Belmont, beyond the obvious race result market?

When we took all these factors into account, XBet was the best choice for betting on the Belmont Stakes. As well as performing well for the aforementioned criteria, they have a generous welcome offer, a 7% rebate on horse racing and accept a wide range of cryptocurrencies.

FAQs

How are Belmont Stakes current odds formulated?

Odds represent the implied probability of a horse winning a race. For the Belmont, this probability will be based on factors such as form (especially in the Kentucky Derby and Preakness Stakes), pedigree, the records of the jockey and trainer, track conditions and post position.

Who is the favorite to win the Belmont Stakes?

You won’t find odds for the Belmont Stakes until after the Kentucky Derby . Whichever horse wins at Churchill Downs, they are the likely early favorite for the Belmont.

How do you read Belmont Stakes odds?

You are likely to find prices for the Belmont Stakes in an American odds format. If you see a horse with a ‘-‘ sign before a figure, it is a favorite and the number represents how much you have to bet to win $100. A selection with a ‘+’ sign represents an underdog, with the number showing how much you can win if you bet $100.

Where can I find picks and odds for the Belmont Stakes?

You can find the latest odds for the Belmont Stakes right here at Belmont Stakes Betting Sites. We have ranked the best Belmont Stakes racebooks, where you can find the best odds.

When will we know the Morning Line Belmont Stakes odds and post positions?

The draw for Belmont Stakes post positions is on the Wednesday before the race. At that stage the oddsmakers will quickly draw up the Morning Line odds for the race.

Should I bet on a horse to complete the Triple Crown and win the Belmont?

Only 13 horses in history have won the Triple Crown, so it is a relatively rare event. Once the Kentucky Derby winner is known, then it might be worth betting on them securing the Triple Crown, if the odds are generous enough and you think it has the quality to win the Preakness and Belmont Stakes.