The prices for all Preakness contenders at go time will be finally determined as usual on the Pari Mutual system, depending on how popular each horse is with the people betting.
Put simply; if there is a lot of money in the betting pot and not many people are backing your choice, then the odds on your horse could be huge. However, betting a horse that becomes favorite with the betting nation often means a short payout.
On the Pari Mutual betting system, the odds will fluctuate a lot leading up to the race, never more so than in the few minutes before post time so be prepared not to know exactly what odds you will get on your horse.
When it comes to the Preakness (and for that matter the Belmont too) we cannot accurately determine who might go off favorite because the odds and the contenders will change so much leading up to and after the Kentucky Derby at Churchill Downs.
As fans of racing though we’re always optimistic, so we would love to think a good Kentucky Derby winner will show up here and be favorite for this race en route to a Triple Crown attempt at Belmont in June.
Right now, Bolt D’Oro looks like being our winter favorite at around 4/1 with Good Magic in behind at 8/1 and Beautiful Shot at 12/1, although as you will see from the below list there are money contenders at this early stage.
Bolt D’Oro ran third behind Good Magic in the Breeders’ Cup Juvenile at Del Mar in November but is bred for the job and previously showed terrific form when landing the Grade One Frontrunner Stakes at Santa Anita back in September.
Good Magic is more of an improver and so even though we think Bolt D’Oro didn’t put his best foot forward in the Breeders’ Cup, connections of this horse will say they beat him fair and square and they could yet arrive in Maryland as favorites having perhaps taken another step forward between now and then.
Beautiful Shot brings a different level of form to the race having been seen on the track only a couple of times so far, finishing third in the Bob Hope Stakes in November but expected to improve come next spring.
Here’s a rough idea of where the contenders stand so far, though a lot will change between now and May after the Kentucky Derby is won and lost:
|Free Drop Billy||16/1|
|Conquistador (and others)||25/1|
Don’t forget – you can bet the Preakness right here with us online and our experts will be on hand to offer an in-depth analysis of the big one at Pimlico. Don’t forget to check out our advice on how to bet the Preakness before looking at this year’s contenders.