Preakness Stakes betting is all about the favorites. When you wager on Preakness Stakes odds you start with the favorite and oftentimes that is where you end. Let’s look at just how often the favorite has won in Preakness Stakes betting. Preakness Stakes betting tell us that 68 favorites have won the race in history. That is 68 out of 133 for a favorite winning percentage in 134 Preakness Stakes betting of just over 51%. When you look at horse racing that is a huge number to consider. Normally favorites in horse racing win about a third of the time. More than half the time in Preakness Stakes odds the favorite comes through. It happened in 2008 when Big Brown won as the 1-5 favorite in Preakness Stakes betting.
Going back to 1911 when pari-mutuel wagering was done at Pimlico, 28 Preakness Stakes betting favorites have had odds of less than even money or odds-on as it is called. Eighteen of those horses were winners in Preakness Stakes odds which is really not that great a number. Citation was the biggest favorite ever in 134 Preakness Stakes betting going off at .10 to 1.00 in Preakness Stakes odds and he easily won back in 1948. Spectacular Bid in 1979 was right there as well at .10 to 1.00. Count Fleet was a .15 to 1.00 favorite in 1943, Native Dancer was .20 to 1.00 in 1953 and the great Secretariat was .30 to 1.00. Nashua was .30 to 1.00 in 1955 while War Admiral was .35 to 1.00 in 1937. Triple Crown winner Seattle Slew was .40 to 1.00 in 1977 while Affirmed, who won the Triple Crown the next year and was the last horse to win all three races, was .50 to 1.00 in 1978.
The two biggest favorites in Preakness Stakes betting to lose were Riva Ridge in 1972 at 3-10 in Preakness Stakes betting odds while Fusaichi Pegasus lost at 3-10 in Preakness Stakes betting in 2000.
What this tells you in Preakness Stakes betting is that the favorite is the way to go. Oftentimes in horse racing betting you look for value and ways to beat the favorite. In the Preakness though you look at the favorite and many times that is all you do. Sometimes you can put together some exotic tickets with the favorite but rarely do you want to bet against him.
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