2010 Preakness odds preparation is already underway for the 135th running of the Preakness Stakes betting race that will determine if there will be a Triple Crown contender. The odds will be based on many factors but, as is always the case, most of the board will be based on public perception.
2010 Preakness odds are based in large part on the winner of the Kentucky Derby and how that horse will attempt to be the first Triple Crown winner since Affirmed in 1978. The public perception of the Kentucky Derby horse will often be beyond reality and force the odds to be of a lesser value than what should be the case. Most humans are very reactive in nature and that is certainly the case with those who will be betting the 2010 Preakness odds.
Along those same lines a quality horse that did not win its last race, whether it was at the Kentucky Derby or another prior venue, will often be totally written off by the general gambling public in Preakness Stakes betting. Many times this proves to be a serious handicapping mistake.
A beaten favorite is a horse that was favored to win its last race but failed to do so. There are so many variables and things that can go right or wrong in a horse race that determine the outcome. There have been great horses that have lost to inferior horses just because of those many intangibles that can take place in a given race. A great horse that failed to bring home the money as a chalk didn’t all of a sudden qualify himself to be sent off to the glue factory. In fact, for a gambler that is in search of phenomenal value, a beaten favorite is often a dream come true.
Because the public will quickly give up on and write off a horse that lost its last race, especially if they lost money on that horse, the value dynamics will serve to have the opposite effect of a horse that is coming off a Kentucky Derby win. A beaten favorite will often give you more value for your money and a far better deal than the hyped horse that is coming off the big win and getting all of the attention and the ignorant money of the masses that comes with that.