Preakness Stakes odds are very exciting to look at and they are always changing. The interesting part of Preakness Stakes betting can oftentimes be the toteboard on the day of the race. How much stock do you put in the toteboard when you bet the Preakness?
Preakness Stakes odds are going to have a solid favorite most of the time. There are even times when the favorite in the Preakness is going to be odds-on. The Kentucky Derby winner is highly respected in the Preakness Stakes and gets a lot of attention. As you consider the toteboard what do you want to look at in addition to the Derby winner?
If you are looking at Preakness Stakes betting then the toteboard can be helpful but you don’t want to get carried away. For example, let’s say that you are watching the toteboard and looking for some big movement on a horse. You see a solid move on a horse on the toteboard and make your bet. Moments later the toteboard goes back to the original odds and you get fooled by the toteboard. That money could have been smart money on a horse or maybe it was not. You simply don’t know.
When it comes to the Preakness on the toteboard many people will look for an early move on race day. The thinking was that the odds would move on a horse early in the day and that the move would be coming from people who knew something. That is not the way it works anymore in horse racing. Smart money can come in at anytime and doesn’t have to come from Pimlico. People from all over the world can make big bets at online race books and the odds at the Preakness will move. You have know way of knowing where that money came from or what the reason for the move was. The toteboard can give you clues but it is not like the old days when big money moves came at the track.
Watching the toteboard can sometimes be more valuable in telling you which horses not to bet in the Preakness Stakes. The horses that are getting no action will rise on the odds board and they rarely win. This is especially true in the Preakness where longshots simply don’t do very well. Rarely does a huge underdog win in the Preakness. Looking at the toteboard and eliminating non-contenders is probably the best use of the toteboard.