Short Prices in Preakness Stakes Betting

May 31, 2011 Preakness Stakes

The second race in horse racing’s Triple Crown takes place on Saturday, May 21st with Preakness Stake’s betting odds on the board

Kentucky Derby winner Animal Kingdom is the likely favorite as he looks to stay alive for the Triple Crown.  Make your Preakness Stakes bet right now at SBG.

Smaller Field, Shorter Prices
Forget about seeing horses going off at big odds in the Preakness.  Even if you do see a horse with odds of more than 20-1 you don’t want to be betting him because longshots almost never win this race. The Preakness is very much a favorite’s race.  Even if the favorite doesn’t win, a horse with less than 10-1 odds usually does.  Do you know how far back you have to go in Preakness Stakes betting history to find a winner that went off at double-digit odds?  You have to go all the way back to 1983 when Deputed Testimony who went off at 14-1.  There are not as many horses in the Preakness where anywhere from 10-14 horses normally are entered. That is a lot less than the Kentucky Derby which has up to 20 horses in the field. With a smaller field the odds are smaller and that has meant lower prices.

Derby Horses Shine
You will see a number of new faces in the Preakness but that doesn’t mean those horses will win.  In fact, if a horse didn’t race in the Kentucky Derby his chances of winning in the Preakness are not very good.  The Derby winner is usually the favorite and other Derby starters get attention as well. That means that Animal Kingdom will be favored to win the Preakness with third place finisher Mucho Macho Man also getting some attention.  Even Dialed In, the beaten Derby favorite would get a look from gamblers making a Preakness bet if he is entered in the Preakness.  Nehro, who finished second in the Kentucky Derby, is not expected to be entered in the Preakness.

Short Turnaround
There is not much time between the Kentucky Derby and the Preakness with only two weeks in between. It is a tough turnaround for the horses but the Preakness is a shorter race and if a horse came out of the Derby well he usually has a shot in the Preakness.