LowVig follows better Kentucky Derby odds with impressive Preakness Stakes lines
Online PR News – 23-May-2012 – Panama, City – The opportunity to make more money on every Preakness Stakes bet this weekend has sent a herd of traffic to LowVig this morning. The horserace betting website is reporting even more interest in the Preakness Stakes than it saw during the Kentucky Derby.
"Following on the heels of our superior Kentucky Derby matchup odds, we're inviting race fans to walk away from the Preakness Stakes with more profit, no matter which pick edges out," stated a LowVig spokesperson. "When you combine the better odds with our 7% track rebate, there’s an enormous opportunity to bet bigger and smarter."
For the Preakness Stakes, LowVig has Bodemeister, predicted to be a favorite, listed at -175 in a matchup against Kentucky Derby-winning I’ll Have Another, who is listed at +135. At competing racebooks, you'd find Bodemeister listed at -185 in the same matchup. To win $3,000 on Bodemeister edging out I’ll Have Another, a horserace fan would have to lay down $5,550 at a competing racebook. At LowVig, the same bettor would only have to lay down $5,250, a savings of $300.
But the savings on a single matchup has the potential to be even bigger. That’s because LowVig accepts bets up to $5,000, well above the industry norm of just $1,000.
The "vig" in LowVig refers to the "vigorish," or "juice" that a sportsbook or casino has on a game. LowVig members pay just -105 juice on sports bets, well below the industry standard of -110. The lower juice translates to a 50% discount on major sports bets.
LowVig's simply better value carries over to the racetrack as well. Members of the online horseracing betting website have enjoyed track rebates of 7% on races at most major tracks. Rebates are instant and will apply to each bet placed automatically, regardless of whether the pick plays out.
Explained the LowVig spokesperson: "Talk to any one of our members who placed a bet during the Kentucky Derby and they can’t stop boasting about how fast our rebates are credited back. It doesn’t happen monthly. And it doesn’t happen weekly. Instead, rebates are credited to players’ accounts every day following the day the bets were placed. A bettor will automatically earn 7% of the total risk amount of each bet, regardless of whether they win or lose. For example, if one of our members bets $200 to win, and the horse wins paying out $6.00 for each $2.00 wagered, the payoff would be $600. When you subtract the bettor’s initial $200 wager, you’re looking at an instant profit of $400. But we go beyond that by adding a 7% rebate, giving the bettor another 7% of the risk amount. In this betting example, that’s another $14, and they’ll earn that even if their pick loses."
Horserace bettors interested in seeing the simply better value firsthand can check out the Preakness Stakes post times and odds on the LowVig website.
LowVig launched in 2011, with a ‘Simply Better Value’ guarantee which is expressed through reduced juice sports betting, horse rebates, poker rakeback and casino rebates; all day and every day. The ‘Simply Better Value’ guarantee is made possible because LowVig doesn’t spend large amounts on advertising campaigns, affiliate deals, or promotions. Instead, all of the value is passed on to the Individual Bettor; ensuring significant word of mouth advertising.