Belmont Stakes Payouts: Win, Place, Show Results

The Belmont Stakes is known as “The Test of the Champion,” and that was certainly the case this evening at Saratoga. Kentucky Derby winner Sovereignty and Preakness Stakes winner Journalism went head-to-head down the stretch of the 2025 Belmont Stakes, with Sovereignty ultimately winning.

Journalism was the runner-up and Baeza finished third. See the full results and Belmont Stakes payouts below.

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Belmont Stakes payouts

Belmont Stakes payouts have been made available. Check back here to see the official race results from Saratoga. Belmont Stakes payout figures will include win, place, show, Exacta, Trifecta, and Superfecta numbers. Win-Place-Show payouts are based on a standard $2 bet.

• First Place: Sovereignty (5-2 odds, $7 Win, $3.20 Place, $2.30 Show)
• Second Place: Journalism (2-1 odds, $3.20 Place, $2.30 Show)
• Third Place: Baeza (7-2 odds, $2.60 Show)
• $1.00 Exacta (2-7, $6.60)
• $1.00 Trifecta (2-7-6, $13.80)
• $1.00 Superfecta (2-7-6-3, $40.50)

Here are the final results:

• 1. Sovereignty
• 2. Journalism
• 3. Baeza
• 4. Rodriguez
• 5. Crudo
• 6. Hill Road
• 7. Uncaged
• 8. Heart of Honor

Here is what each means. 

• Belmont Stakes win: If you bet on a horse to win and the horse finishes in first place. 

• Belmont Stakes place: If you bet on a horse to finish in the Top 2. If the horse wins the race or the horse finishes in second, you win the bet.

• Belmont Stakes show: If you bet on a horse to finish in the Top 3. If the horse wins the race, finishes second or finishes third, you win the bet.

• Belmont Stakes Exacta: An exacta bet is when you bet on a specific horse to finish first and a specific horse to finish second. To win, the horses must finish in that exact order.

• Belmont Stakes Trifecta: A trifecta is like an exacta bet except with one extra leg. You must correctly pick the order in which the Top 3 horses cross the finish line.

• Belmont Stakes Superfecta: A superfecta is along the same lines as an Exacta and Trifecta except you must hit the Top 4 horses in correct order.

When it comes to these exotic Belmont Stakes bets (Exacta, Trifecta, Superfecta), the bigger the odds and the bigger the payouts will be the more legs you add. 

Here is what Belmont Stakes payouts look like for a standard $2 win bet. These are approximate payout figures.

• 1-5 odds: $2.40

• 2-5 odds: $2.80

• 1-2 odds: $3.00

• 3-5 odds: $3.20

• 4-5 odds: $3.60

• 1-1 odds: $4.00

• 6-5 odds: $4.40

• 7-5 odds: $4.80

• 3-2 odds: $5.00

• 8-5 odds: $5.20

• 9-5 odds: $5.60

• 2-1 odds: $6.00

• 5-2 odds: $7.00

• 3-1 odds: $8.00

• 7-2 odds: $9.00

• 4-1 odds: $10.00

• 9-2 odds: $11.00

• 5-1 odds: $12.00

• 6-1 odds: $14.00

• 7-1 odds: $16.00

• 8-1 odds: $18.00

• 9-1 odds: $20.00

• 10-1 odds: $22.00

• 15-1 odds: $32.00

• 20-1 odds: $42.00

• 30-1 odds: $62.00

• 50-1 odds: $102.00

Parimutuel betting at Saratoga

Inexperienced Belmont bettors might be a bit confused by the odds they see. This is because horse racing betting odds are “parimutuel odds.” 

Traditional sports betting sites use fixed odds, where you bet against the house. When it comes to betting on Belmont Stakes horse racing and parimutuel odds, you are betting against fellow bettors in a pool.

Parimutuel odds fluctuate right up until the start of the race. So, they are not fixed.

In horse racing betting, payouts are based on the total amount bet on each outcome. So other people’s bets will help determine the payout of your bet.

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