Expert Guide How to Bet on the Belmont Stakes in 2024

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Karina Allan

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Updated 02 Nov 2023

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It’s June so that must mean the final leg of the Triple Crown is upon us – the perfect time to learn how to bet on the Belmont Stakes. The “Test of Champions” is one of the biggest thoroughbred races of the year and to claim victory is a truly exceptional achievement.

To make sure that new horse racing bettors have all the tools they need to bet on the Belmont Stakes, we’ve provided an expert guide with betting tips, horse racing gambling explanations, and a lowdown on the best Belmont Stakes betting sites in the US.

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Best Belmont Stakes Betting Sites

At the start of the Triple Crown, we identified the best Kentucky Derby betting sites, and we’ve done just the same for the Belmont Stakes. These ten bookies offer tremendous Belmont Stakes betting odds, fast and responsive betting pages, and a range of unique features.

1. Xbet – Best Belmont Stakes betting site
2. MyBookie – Excellent horse racing rebates
3. Sportsbetting.ag – Great in-play betting platform
4. BetUS – Great odds for Belmont Stakes betting
5. BUSR – Exclusive $150 racebook bonus
6. BetOnline – Interactive form guide for Belmont Stakes betting
7. Bovada – Great exotic wager betting odds
8. GTBets – Horse racing rebates are paid out every Monday
9. Everygame – Top platform for new Belmont Stakes bettors
10. Betanysports – Get at-track odds with Racebook+

How to Bet on the Belmont Stakes – Signing up to a Racebook

We picked the highly user-friendly Xbet as an example to best educate new bettors on how to bet on the Belmont Stakes. You’ll be registered and ready to wager on the Belmont Stakes in minutes using our simple guide.

Step 1. Create an Account

It doesn’t get much easier than this. To get started, go to the Xbet site on your desktop or mobile device and select “Join Now.”

Step 2. Fill in the Blanks

Simply enter your personal information by following the prompts. This will contain your name and address, as well as the opportunity to create your own unique login. To complete, agree to the terms and conditions and then click “Create My Account.”

Step 4. Enter a Promo Code

You will be able to select a welcome offer at this point. To claim the bonus of your choice, enter the necessary promo code that can be found in the promotions section at Xbet.

Step 5. Deposit and Bet

Make your deposit at the cashier section, making sure to deposit at least the minimum amount to qualify for your bonus. Next, you’ll be able to enter the racebook and bet on the Belmont Stakes using your newly funded betting account.

How does Betting on the Belmont Stakes Work?

Do you want to learn how to bet $50 on the Belmont Stakes this year?  For those new to horse racing betting, we have the ideal guide for you. It’s easy to learn how to bet on the Belmont Stakes, and even beginner bettors can learn in mere moments.

When understanding how to bet on the Belmont Stakes 2023, the first thing to consider is the betting odds. The odds reveal who the bookmaker and market opinion regard to be the favorite, as well as how much money you can win.

There are many different sorts of horse racing bets, which are divided into regular and exotic wagers. Exotic bets need a high level of precision, but they may pay out handsomely.

Straight bets are the simplest to place and involve the bettor choosing simple outcomes like betting on the race winner (win), predicting which horse will finish in the top two (place), or just backing a horse to finish in the top three (show).

Straight Wager Example Using 2021 Results

The winner, Essential Quality, returned at odds of 1.30 and started the race as the morning line favorite at 2 – 1. The table below shows the payout from the Total Win Place Show pool (WPS) back in 2021.

Leading Contenders You May Want to Bet on the Belmont Stakes

As a major horse race for three-year-old thoroughbreds and final leg of the Triple Crown, Belmont Park’s main event is kinda a big deal. The winner has their place in horse racing history. Belmont Stakes day is a big one in the annual calendar for fans of the sport with lots of other Grade 1 action at the NYRA-owned track. Here are the leading contenders for the Belmont Stakes over its race distance of 1 1/2 miles:

Forte

A hot favorite for the Kentucky Derby before being withdrawn from Churchill Downs on the morning of the race, Forte is one of two major horses for the Belmont from the Todd Pletcher barn. This colt by the sire Violence has four Grade 1 victories on his resume, so is clearly a class act.

Forte built on his Breeders’ Futurity and Breeders’ Cup Juvenile wins in the fall with success in the Fountain Of Youth Stakes on his first start this year. He then returned to Gulfstream Park and added the Florida Derby to his honor roll. While Forte missed out on a Triple Crown bid, he could well gain compensation for missing the first two legs.

Angel Of Empire

Brad Cox is no stranger to success Belmont Stakes after saddling Essential Quality to victory two years ago. Kentucky Derby third Angel Of Empire is the best of those from Churchill Downs set to run in New York. He was nearest at the finish, showing real staying power under Flavien Prat off the final bend into the home stretch to make the show and come third.

Angel Of Empire with just 1 1/2 lengths behind Mage, who in turn finished third in the Preakness Stakes. If the Classic Empire colt builds on that and his Arkansas Derby victory over a longer distance which looks like suiting him based on how he shaped at Churchill Downs, then he’s a contender you may want to bet on the Belmont Stakes now.

Tapit Trice

Another Todd Pletcher hopeful heading to Belmont Park is Tapit Trice. He won the Blue Grass Stakes at Keeneland before coming seventh in the Kentucky Derby. Tapit Trice also has stamina in his pedigree which suggests this race is tailor-made for him.

With a damsire that came second in the Belmont Stakes back in 2009, Tapit Trice has realistic chances of going one better. He didn’t win his Grade 1 with quick speed figures but by using that abundant stamina to throw down a sustained challenged in the last 300m of the race.

National Treasure

Bob Baffert is one of the biggest and most controversial trainers in the USA today. His National Treasure took the Preakness Stakes at Pimlico, thwarting any Triple Crown bid from Mage. The Quality Road colt showed a really tough attitude to battle back when headed approaching the final furlong and regain the lead before the wire.

That hinted at National Treasure needing a greater test of stamina than the Preakness. The Belmont Stakes provides just that. Baffert hasn’t been able to have runners at NYRA tracks over the last couple of years after horses failed drug tests, but he could be back with a bang here.

How do I Place a Bet on the Belmont Stakes?

The best online sportsbooks all offer dedicated racebooks. Within the racebook, you’ll be able to bet on a variety of markets for the Belmont Stakes 2023. We use Xbet as our example once again. Just register an account and deposit some funds and you’ll be all set to place your bets for the Belmont Stakes.

Step 1. Find the Belmont Stakes

Select “Racebook” from the top menu. Next, look for the Belmont Stakes either through the left menu or directly by searching for the Belmont Park racetrack using the search bar.

Step 2. Read the Form

Check the form guide for this race before making a prediction. The complete history of the runners and riders is provided including previous races and the conditions they favor. A form guide provides a good indication of which horse is likely to win and which horses may at least place or show.

Step 3. Create your Bet

Make a selection by nominating a wager amount on your selections within the race card. Pressing “Add to Bet Slip” will see your selections appear in the bet slip to the right of the screen.  You can add additional wagers which will be placed into individual tickets – meaning each bet is a separate wager.

Xbet offers pari-mutuel wagering, so you won’t know the payout until the race finishes. Press “Submit Bets” to complete the bet.

How to Bet on the Belmont Stakes – Deposits & Withdrawals

To win any money betting on the Belmont Stakes, you’ll need to make a real money deposit. Pick up a win and you’ll be free to request a payout, directly into your preferred banking method.

You can’t take home any real money winnings unless you place real money wagers. To do so, you’ll first have to deposit money into your betting account. Fortunately, the best offshore betting sites in the US all provide fast and secure payment options, making gambling transactions fast and simple.

Before you start learning how to bet on the Belmont Stakes, make sure you are comfortable funding your account and you know how to request a payout.

How to Deposit Money into your Account

Just like our sign-up guide, we have used Xbet for this example. At Xbet, fast and simple online deposits are easy to complete and you won’t spend more than a few minutes at the cashier.

1. Log into your online betting account at Xbet.
2. Click on the green “Deposit Now” button in the top right of the page.
3. Pick your deposit method from the numerous banking options available.
4. Choose a deposit amount.
5. Follow the prompts to complete your deposit transaction.

How to Withdraw your Winnings

Now that you have learned how to bet on the Belmont Stakes, you might be lucky enough to back a winner – this means you’ll need to claim your winnings from the bookie. This is a simple process and transactions are near-identical to making a deposit.

Before you make a withdrawal, there is a quick process you’ll need to get out of the way – the KYC or identity verification. Make sure you have completed this process or the bookie won’t let you make a withdrawal.

Just provide the operator with a copy of a Government ID, like a passport, and some proof of residence. Verification shouldn’t take any longer than 72 hours and in most cases, you’ll be verified in less than 48 hours.

1. Log in to your Xbet betting account.
2. Click the “Cashier” button at the top of the page.
3. Select “Payout” to make a withdrawal. Choose your preferred method.
4. Follow the prompts to complete the withdrawal request.

How to Bet on the Belmont Stakes – Payment Methods

Knowing what banking options are available for both deposits and withdrawals is a crucial component of learning how to bet on the Belmont Stakes. You can assure fast, dependable, and safe transactions at your favorite online horse racing betting site by using any of the popular payment methods below.

eWallets

Online gambling appears to be a natural fit for digital payment services like eWallets. These digital services allow you to make instant deposits and quick withdrawals without having to link your bank account. The most popular eWallets, like Skrill and Neteller, feature simple mobile apps to ensure that bettors can approve transactions quickly.

eWallets provide a high level of anonymity, and their security measures are cutting-edge. Just keep in mind that some eWallets may be excluded from certain online sports betting welcome bonuses.

Cryptocurrency

One of the most popular ways to fund a betting account in the US, cryptocurrency is a highly secure and fast payment method. This advanced payment method has the highest level of security of any banking method and allows for instant deposits and withdrawals.

Setting up a cryptocurrency wallet and using a crypto exchange may have a bit of a learning curve for some, but after you’ve done that, it just takes a few seconds to make a bitcoin deposit or withdrawal at crypto betting sites or bookies offering odds for the Belmont Stakes.

Standard Payment Options

You may still want to use traditional payment methods such as bank cards and wire transfers at online bookmakers in the US. Thankfully, the best Belmont Stakes betting sites still accept these as payment options. You can send and receive funds via wire transfer or just use your debit or credit card as you would online shopping.

Visa and Mastercard are the most supported cards with the likes of American Express waning in acceptance. You can even use Vanilla Visa gift cards at many offshore gambling sites and deposits are processed instantly. Wire transfers are among the slowest banking option and withdrawals can often take around 5 or more days.

Claiming a Belmont Stakes Betting Bonus

The lucrative and enticing bonuses offered when betting on the Belmont Stakes at an online bookie are one of the biggest advantages over going to your local sportsbook, OTB, or casino to bet on the meeting. There are many horse racing bonuses available at Belmont Stake betting sites and they each have something unique to offer.

Sign-Up Offer

The sign-up bonus, also known as the welcome bonus or new customer bonus, is the first and typically largest promotional offer you’ll ever get. These bonuses are only accessible to new players who are creating an account for the first time.

In most cases, the welcome bonus is a matched deposit bonus. This means that the bookie will match your deposit amount with bonus money – for example, a 100% matched deposit of $1,000 would result in a bonus of $1,000 for your $1,000 deposit.

Free Bets

Free bets are exactly that – a risk-free bet in which the bookie fronts the cost of the wager. These bonuses are almost always small – like around $10 – but you’ll keep all the profit should the bet be a winner. The stake is returned to the bookie.

This offer is provided in numerous ways such as a reward for a deposit, a bonus for placing certain wagers, or as a gift in a bookies VIP program.

Rebates

Rebates are a form of cashback offer. This bonus sees bettors receive a percentage of cashback on losing wagers placed during a set period. These offers are often small – 8 to 10% – but they are very handy if you wager on horse racing regularly.

While some bookmakers, like Xbet, provide horse racing rebates every single week, others will only do so during significant races like the Preakness Stakes or the Kentucky Derby.

Popular Types of Belmont Stakes Betting Markets

There is more to betting on the Belmont Stakes than just backing the winner of the race. You can even bet on the entire race meeting. Standard and exotic wagers offer different ways to make off the final leg of the Triple Crown. The best online racebooks will provide Belmont Stakes odds for both standard and exotic bet types.

Standard Wagers

Any stake on a single horse is considered a standard wager. These are straightforward wagers in which the bettor predicts the outcome of a single horse during a race.

• Win bet – A simple wager on one horse to win a race. Your selection must place first for the bet to be a winner.
• Place bet – A place bet is a wager on a horse to finish in the top 2. Your horse must either win or be the runner-up.
• Show bet – The show bet is a wager on a horse to finish anywhere in the top 3.
• Double bet – This is the combination of two single selections into a single bet. Both selections must win for the double bet to be successful.

Exotic Wagers

Exotic bets, like the exacta and trifecta, need a bit more knowledge of the race and cover a far more precise forecast. These bets require numerous horses to achieve a specific result in a single race, or even multiple races at a single event.

• Exacta bet – A bet in which you must correctly predict the exact finish of the first two places of a race.
• Quinella bet – Predicting the first two places of a race but in any order.
• Trifecta bet – This is basically an Exacta bet but the first three places need to be correctly predicted.
• Superfecta bet – A wager on the correct order of the first four finishers in a single race.
• Super Hi-Five bet – Also known as a perfecta, this wager is a correct prediction of the first five finishers of a single race.

Our Top Tips on How to Place the Best Bet on the Belmont stakes

It doesn’t have to be difficult to figure out how to bet on the Belmont Stakes. It’s actually quite simple, and anyone may bet on who will win on the day. Read on for some helpful hints on how to bet on the Belmont Stakes for the first time.

1. Follow the Form Guide

Choosing your favorite horse name isn’t enough to win — at least not consistently. To make an educated decision, you’ll need to examine the form guide thoroughly. The form guide is like a detailed win/loss record and is essential for smart Belmont Stakes betting.

2. Hot Tips

With so many horse racing experts and specialists proving their insights online, you’ll be spoilt for choice when it comes to Belmont Stakes tips. Just look for individuals or statistical organizations that have proven to be quite accurate and consistent in their tips.

3. Claim a Bonus

Why not use a horse racing free bet to bet on the Belmont Stakes this year? Using a bonus might also be a fun way to try an exotic wager for the first time without risking your real money bankroll. Read the terms and conditions to make sure you can use a particular bonus for Belmont Stakes betting.

4. Keep Things Simple

Don’t overthink horse racing betting. If you’re a rookie bettor, you don’t need to place intricate exotic wagers or consider too much of the form guide at first. Simply consider the fundamentals of winning this race, get a few suggestions for professional tipsters, and simply back a horse you feel confident about.

How to Bet on the Belmont Stakes on Mobile

Horse racing betting apps allow gamblers to wager on their favorite races from anywhere they can get an internet connection. These mobile betting apps and sites are often more responsive than desktop websites, making them ideal for in-play betting, and they provide all of the same markets as the main website too.

Touch screen functionality makes placing wagers a breeze while added security features that a smartphone can provide, such as biometric locking, ensure nobody else will be accessing your betting account. The mobile pages mimic the main websites closely – so if you know how to bet on the Belmont Stakes on the main page, you’ll be comfortable on mobile too.

How to Bet on the Belmont Stakes at the Track

If you find yourself around New York on Saturday, June 10, you could head on over to Belmont Park to bet on the Belmont Stakes at the track. You won’t get anywhere near the same value of odds that you can online, but the experience can’t be beaten! For those thinking about heading to the track, this 3-step guide will make the experience even easier.

1. Settle on how much money you want to bet on each race during the day. Stick to your budget and never chase any losses. Just have fun!
2. Begin by checking the form guide ahead of each race card to see how each horse has been performing. Check out the parade ring before each race to see the condition of the horses and see if they look up to scratch.
3. Head to the teller and place your wager. You can also use an OTB machine at Belmont Park.

Where to Bet on the Belmont Stakes Near Me

We can’t all make it to New York for the race, so how to bet on the Belmont Stakes in Washington or even Kentucky is a rather common query in June. Horse racing betting is legal in most states in the US, but there are some differences in how you can bet in each state.

The best way to learn how to bet on the Belmont Stakes in your state is to check out our dedicated horse racing guide for your state at Basketball Insiders. We’ve got guides like horse racing in Texas that provides information on legal horse racing betting, OTB and track locations, and more.

More on horse racing betting…

Want to learn more about how to bet on the Belmont Stakes or are you looking to learn more about horse racing betting? Check out our other informative horse racing betting articles.

• Belmont Stakes betting sites – Our guide to best horse racing betting sites offering valuable odds and markets for the Belmont Stakes.
• The Belmont Stakes odds – Check out the latest Belmont Stakes betting odds with our guide.
• Belmont Stakes picks – Need some hot tips? Our experts provide an informed guide to the best selections for the Belmont Stakes.
• Best racebooks – A guide to horse racing betting online and where to find the very best racebooks.
• Parimutuel betting – Learn all about the most common way to bet on horse racing in the US.
• Pool betting – Learn how to calculate pool betting winnings for exotic wagers in the US.
• Virtual horse racing – Think the Belmont Stakes is over too soon? Read our guide on betting on 24/7  virtual horse racing at online betting sites.

How to bet on the Belmont Stakes FAQs