The Latest Belmont Stakes Odds 2023 – Compare the Best Odds

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Sports Editor Fact Checked by Nick Raffoul

The latest Belmont Stakes odds have Florida Derby winner Forte as the favorite to win the third leg of the Triple Crown after missing the other big races. He faces stern competition at Belmont Park on race day from the likes of Blue Grass Stakes scorer Tapit Trice, Kentucky Derby third Angel Of Empire and Preakness Stakes hero National Treasure. It promises to be a fascinating race featuring many elite three-year-old thoroughbreds.

It is important to hunt out the best Belmont Stakes odds before placing your bets. That will boost your potential profits. This guide compares the fixed odds available on all the runners. We will also explain how to read Belmont odds, break down your Belmont betting options and provide expert picks on the big race.

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Current Belmont Stakes Odds 2023

The leading online sportsbooks have now released fixed-odds futures on the Belmont Stakes 2023. BetOnline and XBet have not yet published their odds for the Belmont 2023 at the time we published this guide, but MyBookie, Bovada, BetUS and BetNow are all offering early futures:

Horse BetNow Bovada BetUS MyBookie
Forte +150 +200 +190 +145
Tapit Trice +325 +400 +350 +400
Angel Of Empire +325 +350 +350 +300
National Treasure +550 +600 +600 +700
Hit Show +1100 +1000 +1200 +1400
Arcangelo +1300 +600 +1400 +1200
Red Route One +1500 +1600 +1700 +1600
Tapit Shoes On Request +2500 +2500 +3300
Il Miracolo +4700 +5000 +5000 +6600

These Belmont Stakes odds are highly likely to shift as the race draws closer, but they were correct at the time of publishing.

It is important to note that sites are all based offshore. That means you can use them from any part of the United States, as they are not bound by American laws. There are no laws to prevent you from using them either. We have selected these racebooks carefully, as they all pay out on time and grade bets fairly.

Other Top Racebooks for Belmont Stakes Odds

We have reviewed all of the leading Belmont Stakes betting sites and ultimately decided that these are the top 10 for Belmont 2023 odds:

  1. BetOnline – The number one site for Belmont Stakes odds
  2. Bovada – The top Belmont odds site for exotic wagers and head-to-head matchups
  3. BetUS – A Belmont Stakes betting site with huge bonuses
  4. XBet – Perfect site for beginners to betting on the Belmont Stakes
  5. MyBookie – Provides a generous racebook rebate and a strong loyalty program
  6. BUSR – The best crypto betting site for Belmont Stakes odds
  7. – Perfect for high-rollers seeking competitive Belmont odds 2023
  8. BetNow – Excellent mobile site for betting on the Belmont Stakes
  9. Everygame – Excellent all-round betting site with a simple racebook
  10. Betanysports – Online betting site that offers reduced juice lines

How do Belmont Stakes Odds Work?


belmont stakes odds table at BetUS

The vast majority of US horse races are paid out on a pari-mutuel basis. That means all the money wagered goes into a pool. You get one pool for the win, another for the exacta, another for the quinella, and so on. The industry takes its cut from this pool and divides the rest among bettors with winning tickets.

You will only find out the size of your winnings after the race when a dividend is revealed on the board. Pari-mutuel betting is available on the Belmont Stakes on the day of the race.

However, the Belmont is one of the rare races that sees bookmakers offer fixed-odds futures on the action. That is because it is such a famous race. When it comes to fixed odds, you know precisely how much you stand to win when you place your bet.

Explaining Belmont Stakes Odds

Fixed-odds futures on the Belmont Stakes will either be displayed in the American format or the fractional format. Most betting sites go for American odds because bettors are familiar with them. However, fractional odds are also popular in horse racing. We have broken down both formats below.

How to Read Belmont Stakes Odds

American odds begin with a plus sign or a minus sign. When it comes to horse racing, they normally begin with a plus. If that is the case, it tells you the profit you would earn by placing a successful $100 bet on a horse.

For example, a $100 bet on National Treasure at odds of +700 would earn you winnings of $700 if he won the race. You also get your stake (bet amount) back if your bet wins, so your total return would be $800.

There is no need to bet $100, as that is a guide rather than a precise amount. For example, you could bet $10 to win $75 at odds of +750, or bet $200 to win $1,500.

Sometimes you will find that Belmont Stakes odds begin with a minus. That is the case if there is a heavy favorite, or if you are looking at head-to-head matchups. For example, you might find -150 on Forte to finish ahead of Hit Show.

A minus sign tells you the amount you need to wager to win $100. For example, if the odds are -150, you would need to wager $150 to generate a $100 profit. As always, you get your money back when the bet wins, so your return would be $250. Yet again, it is just a guide – you could bet $300 to win $200, or $20 to win $13.33.

Fractional Odds

You may find Belmont Stakes odds displayed in the fractional format. That is the case when the official track handicapper releases Morning Line odds on the day of the race. They are designed to give bettors a rough indication of the pari-mutuel payouts they would receive by betting on each horse to win.

If you want to calculate a payout from fractional odds, just multiply your stake by the fraction. For example, a $10 bet at 15/2 would earn a $75 profit, and thus a total return of $85. Fractional odds of 15/2, therefore, equate to American odds of +750.

How to Sign Up and Find the Best Belmont Odds

Start by using the comparison chart on this page to find the best Belmont odds on your chosen runner. You can click the link we have provided to visit the site and sign up for an account. This example explains how to sign up with BetOnline, our number one bookmaker for Belmont Stakes odds.

Just follow these steps to create your account today:

1. Head to the Top Site for Belmont Stakes Odds

Visit BetOnline, which is offering the best Belmont Stakes odds on many of the runners, along with a horse racing free bet. Click the “Join” button at the right of the screen to open the registration form.

BetOnline Belmont Stakes Registration

2. Enter Some Basic Details

BetOnline has a very simple sign-up form, which just asks for your name, email address, phone number, home address, and date of birth. Choose a robust password that you have not used elsewhere. Click “Create Account.”

BetOnline Registration Process for Belmont Stakes

3. Fund your Racebook Account

You can use Bitcoin, various altcoins, credit cards, and P2P transfers to make your first deposit at BetOnline. We recommend crypto, as it offers the broadest limits and it is very secure.

BetOnline Deposit Options

4. Find the Belmont Stakes

Navigate to the “Horse Racing” section and then select “Horse Futures” to see the latest Belmont odds. On the day of the race, you will need to visit the “Racebook” section at the top of the screen to see Belmont Stakes odds.

BetOnline Markets

5. Place a Bet

Click on the Belmont Stakes odds next to any horse on the list to add that selection to the bet slip. It will immediately show up.

You can type in a bet amount, check the potential winnings you stand to earn, and click to place the bet. The money will be deducted from your balance, and you will be credited with the winnings after the race if you guess correctly. Further information on how to bet the Belmont Stakes in 2023 is available via the link.

how to bet on the belmont stakes - expert tips

Types of Belmont Stakes Odds Available

Belmont Stakes bets fall into two main groups – straight bets and exotic bets. We have broken both categories down for you:

Straight Bets

Straight bets only require you to name a single horse. In theory, it is easier to land a successful straight bet than an exotic bet. These are the straight betting options to choose from:

Win Bet

This is the most popular way to bet on the Belmont Stakes. It simply requires you to predict which horse will win the race. Most of the time, you only have one option, which is to place a pari-mutuel wager on the race. Your payout will then be revealed after the race when the win dividend is announced.

However, there is another option for big races such as the Belmont, the Kentucky Derby, the Preakness, and the Breeders’ Cup Classic. Because it is a big race and the horses are all famous, bookmakers feel confident in their ability to offer fixed odds on the Belmont well in advance of the race.

It means you know precisely how much you stand to earn when you place your bet. If your chosen horse crosses the line first, you will receive a predetermined profit. It could be more than the pari-mutuel dividend or less.

Example: Forte to win the Belmont Stakes at +200.

Place Bet

A place bet is a prediction on a horse to finish either first or second in the Belmont. You may occasionally find fixed-odds futures on a horse to place, but that is very rare. Place bets tend to be paid out on a pari-mutuel basis, and they can only be placed during the 24 hours before the race begins.

It does not matter if your chosen horse finishes first or second, as your payout will be the same either way. It is naturally easier to pick a horse to place rather than to win, so you will receive a smaller payout if successful.

Example: Angel Of Empire to place in the Belmont Stakes.

Show Bet

A show bet is a prediction on a horse to finish first, second or third in the Belmont. Once again, it does not matter where your chosen horse finishes within the top three, as that will not affect the payout. A show bet will lead to a smaller payout than a win or place bet.

Example: Arcangelo to show in the Belmont Stakes.

Across The Board

Another option is an across-the-board bet. It is actually three separate wagers – one on the win, one on the place, and another on the show. A $20 across the board would cost you $60, for instance.

If your horse wins, all three parts of the bet pay out. However, if it finishes second, the place and the show pay out, and if it is third, only the show pays.

Example: $10 across the board bet on National Treasure at the Belmont Stakes.

Double Bet

A Daily Double bet involves picking the winning horse in two separate races. They are normally consecutive races. Alternative options include a Pick 3, Pick 4, Pick 5, and so on, and your potential profit will increase with each extra leg you add.

When it comes to the Belmont, a common double is a wager on the horse that will win the Grade 1 Hill ‘n’ Dale Metropolitan Handicap and the horse that will win the Belmont Stakes later on the card.

Some people consider a double to be an exotic bet, as it is just like a parlay for sports bettors.

Example: Knicks Go to win the Hill ‘n’ Dale Metropolitan Handicap and Mo Donegal to win the Belmont Stakes.

Exotic Wagers

Exotic wagers require you to pick more than one horse. It is harder to come up with winning exotic bets, so your payouts will be larger if you nail it. These are the key Belmont Stakes exotic bets to consider:

Exacta Bet

An exacta is a bet on the horse that will win the Belmont Stakes and the horse that will finish second. You need to state the exact order in which they will finish the race. That gives the bet its name.

The exacta is paid out as a $2 dividend. After the race. For example, a $2 exacta on Essential Quality and Hot Rod Charlie paid out $15 in the 2021 Belmont Stakes. If you placed a $10 bet on those two horses, you would have earned a $75 return.

To make it easier for yourself, you can group several horses in a box and place a series of exactas on them. Just do not add too many, as your total bet amount could end up exceeding the payout if one of them lands.

Example: Forte to win the Belmont Stakes and Angel Of Empire to finish second.

Quinella Bet

A quinella is an intriguing alternative to an exacta. You simply select two horses, and they can finish first or second in either order, which makes it easier. It does not matter which horse wins and which horse finishes second, as that will not affect your payout.

This wager is similar to a boxed exacta featuring two horses, but you will receive a different payout, as the quinella dividend comes out of a separate pari-mutuel pool.

Example: Forte and Angel Of Empire in a Belmont Stakes quinella.

Trifecta Bet

A trifecta on the Belmont Stakes requires you to pick the winner, the runner up, and the horse that will finish third. It is just like an exacta, as you must specify their exact finishing order, but your payout will be greater.

A $1 trifecta on Essential Quality, Hot Rod Charlie, and Rombauer at the 2021 Belmont Stakes paid $21.70. That means a successful $10 trifecta would have returned $217.

You can also place boxed trifectas featuring multiple combinations to boost your chances of success.

Example: Forte to win the Belmont Stakes, Angel Of Empire to finish second and National Treasure to finish third.

Superfecta Bet

A superfecta takes it one step further by requiring you to name the first four horses to finish the Belmont Stakes. You need to state the order in which they will cross the line.

The superfecta is even harder to predict than the trifecta, so payments are larger. A $1 superfecta on the 2021 Belmont Stakes, which saw Known Agenda finish fourth, paid $60.70. A $10 bet on it would therefore have returned $607.

Example: Forte to win the Belmont Stakes, Angel Of Empire to finish second, National Treasure to finish third, and Tapit Trice to finish fourth.

Super Hi-Five Bet

This is a rare type of exotic bet that allows you to name the first five horses to cross the line at the Belmont. That is very difficult, so you would be in line for a large payment if you pulled it off.

Example: Forte to win the Belmont Stakes, Angel Of Empire to finish second, National Treasure to finish third, Tapit Trice to finish fourth, and Arcangelo to finish fifth.

Our Belmont Stakes Odds Expert Picks

The Belmont Stakes is the third leg of the Triple Crown, so most bettors scrutinize the previous two races for clues about how it will unfold. Best of the Kentucky Derby form is the third home, Angel Of Empire, while the seventh past the post, Tapit Trice, is also an intended runner at Belmont Park.

National Treasure skipped Churchill Downs but landed the Preakness Stakes instead. The fourth horse from Pimlico, Red Route One, could take him on again. There are also other horse racing picks prominent in the futures betting and Belmont Stakes odds 2023 that didn’t go in either Triple Crown event.

Forte missed out on his bid at equine immortality, but could gain compensation here. It is also important to remember that the Belmont is longer in terms of distance than both the Kentucky Derby and the Preakness, so horses with strong stamina tend to thrive over the mile-and-a-half trip. With that in mind, we have produced our Belmont Stakes expert picks for the race:

Winner: Angel Of Empire

After making the show in the Kentucky Derby, there could be even more to come from Arkansas Derby winner Angel Of Empire now that the Brad Cox barn run him over an extra quarter-mile. Racing wide in tenth spot on the final bend into the home stretch, this Classic Empire colt showed stamina all the way to the wire and finished third.

Angel Of Empire was nearest to shock winner Mage crossing the line and beaten by just 1 1/2 lengths, so very much looked like he wanted a longer trip. The Belmont gives Cox and jockey Flavien Prat exactly that. Around two-thirds of 21st Century winners of this competed in the Kentucky Derby and skipped the Preakness Stakes, so it could prove a smart play by connections.

The Latest Belmont Stakes Odds [cur_year] - Compare the Best Odds

Cox won this race a couple years ago with Essential Quality, so knows what is required. Unlike with the futures Belmont favorite Forte, the step up in distance isn’t so marked with Angel Of Empire. He looks value in that market, based on how he shaped at Churchill Downs.

Place: Tapit Trice

With three wins in the Belmont Stakes in the last decade, any thoroughbred coming out of the Todd Pletcher barn should be respected. As well as saddling the favorite once more in Florida Derby hero Forte, he also has Blue Grass winner Tapit Trice in contention after a run down the field in the Kentucky Derby.

This colt is by Tapit, who sired Cox’s 2021 Belmont winner Essential Quality, and out of a Dunkirk mare. Tapit Trice’s damsire finished second in this race in 2009 for the barn, so his breeding is a big thumbs up for this test. While he wasn’t going to be any threat to those in the money at Churchill Downs, he did stay on well from the back and into seventh spot.

The Latest Belmont Stakes Odds [cur_year] - Compare the Best Odds

On the bare Kentucky Derby form and finishing order, Tapit Trice has around eight lengths to find with Angel Of Empire, but the extra quarter-mile should suit based on his pedigree. That explains why his Belmont Stakes odds are an appealing proposition for at least a place.

Show: Red Route One

Steven Asmussen enjoyed Belmont Stakes glory with Creator back in 2016. He could run a lively bigger-priced runner this year in Preakness Stakes fourth Red Route One. A staying on third to Forte in the Grade 1 Breeders’ Futurity at Keeneland last fall, this Gunner Runner colt out of a Tapit mare ties the Arkansas Derby and Preakness form lines together.

A keeping on fourth to Bob Baffert’s National Treasure at Pimlico when last in action, Red Route One ran up to market expectations. While he didn’t make the show again, he may have found the distances of both that Triple Crown event and his previous outing around Oaklawn Park on the sharp side.

If Red Route One couldn’t quicken over 1,800m and 1,900m, then going up to the 1.5-mile track and trip could see him in a better light. Don’t be surprised if he posts an improved effort in the Belmont and outruns big horse racing odds under regular rider Joel Rosario.

Past Belmont Stakes Winners’ Odds

Favorites have dominated the Belmont Stakes in recent years. Three of the last four have triumphed, including 2018 Triple Crown winner Justify. American Pharaoh also started as the heavy Morning Line favorite when he seized the Triple Crown in 2015, but prior to that, favorites had a poor record in this race.

The longest odds winner in the past decade was Creator, who had a post time price of 16.40 in the Belmont winner odds back in 2016. The last 11 winners have come from the top seven in the Belmont odds, so it might be wise to discount the long-shots.

Year Winning Horse Jockey Trainer Odds
2022 Mo Donegal Todd A. Pletcher Irad Ortiz Jr. 2.60
2021 Essential Quality Brad H. Cox Luis Saez 1.30
2020 Tiz the Law Barclay Tagg Manuel Franco 0.80
2019 Sir Winston Mark Casse Joel Rosario 10.20
2018 Justify Bob Baffert Mike Smith 0.80
2017 Tapwrit Todd A. Pletcher Jose Ortiz 5.30
2016 Creator Steve M. Asmussen Irad Ortiz Jr. 16.40
2015 American Pharoah Bob Baffert Victor Espinoza 0.75
2014 Tonalist Christophe Clement Joel Rosario 9.20
2013 Palace Malice Todd Pletcher Mike Smith 13.80
2012 Union Rags Michael Matz John Velazquez 2.75

More on horse racing betting…

If you would like to learn more about the betting on the Belmont Stakes or wagering on horse racing in general, follow the links below to check out these additional resources:

Best Site for Belmont Stakes Odds

We make BetOnline the best site for Belmont Stakes odds. It has market-leading fixed-odds on more Belmont runners than any rival racebook. The software is also impressive, and payouts are rapid and reliable.

If you sign up today, you will receive a $25 risk-free racebook bet, which you can use on the Belmont. It also provides a rebate of up to 9% on any racebook losses you might incur, along with a generous sports betting welcome bonus, so sign up with BetOnline today and dive into the Belmont odds.

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Belmont Stakes Odds FAQs

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Jackson Holland is an experienced sports writer and handicapper based in Pennsylvania. He worked part-time at a racetrack and casino while majoring in English Literature at college, and that inspired a passion for gambling. Holland spent a decade as a journalist working for a variety of regional newspapers before joining the sports betting industry. He writes long-form betting guides for Basketball Insiders, Augusta Free Press and various other publications.