Imus to Wager $20,000 on Belmont For Charity

Once again, Don Imus of "Imus in the Morning," a national radio show, will make a large wager on a classic race with the proceeds going to the Imus Ranch, a working ranch for children afflicted with cancer.

With the help of the National Thoroughbred Racing Association, $20,000 will be wagered on the Belmont Stakes Saturday, in which War Emblem will try to become racing's 12th Triple Crown winner.

The decision for the wager will be made for Imus' co-host of WFAN's "Mike and the Mad Dog" show, Mike Francesa. A combination of straight and exotic wagers will be made, and while Francesa has not divulged the wagering strategy, he did say Friday that Perfect Drift would be the key horse.

Imus was given $10,000 to bet on the Kentucky Derby. His brother, Fred, made the selections, betting five horses across the board. The only one who came in was Proud Citizen. He got back $6,300.

The NTRA chipped in $3,700 so Imus could bet $10,000 on the Preakness. His wife, Deidre, and WFAN sports reporter Sid Rosenberg wagered $5,000 on Booklet and an $833 trifecta box on Booklet, War Emblem, and Medaglia D'Oro.

Though they collected zip on the Preakness, Imus said to "roll the money over," and has $20,000 to bet on the Belmont.