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Preakness Stakes Betting

Written by Jimmy Boyd

The third Saturday in May every year horse racing enthusiasts turn to Preakness Stakes betting. The race takes place in Pimlico Race Course in Baltimore, Maryland and is the second leg of the Triple Crown. All three races are the most wagered on events in horse racing and even among the tops in gambling in general. Don’t make the mistake of making wagers without having any idea of what horse has the potential to win, this is a rookie mistake made by a lot of bettors. The good news is that with these events that so many public bettors get action in on, the odds are going to be skewed even more towards favorites. Look for value and you are going to be off on the right start.

The biggest names in thoroughbred horse racing will be competing for this championship and that is why Preakness Stakes betting is so popular among enthusiasts. The one horse that you always have to be careful of is the horse that won the Kentucky Derby. This horse always gets the most attention from the media and the gamblers who are inexperienced almost blindly bet on this horse. Remember, that there are going to be a lot of horses that have great lineage who will also be in this race and while they might not have had the best Derby finishes, don’t make the mistake of thinking they are not capable.

Of course, race tracks just hate the fact that favorites have won this race four out of the last five years and three of the last four Derby winners have made it 2 out of 3 on the Triple Crown. The key to Pimlico is speed. You want a fast horse who has the ability to stalk which is a little different than what it takes to win at the Derby.

When doing Preakness Stakes betting we recommend small wagers on exotics like Exacta and Trifecta. You simply pick the exact order of finish and you can multiply your winnings by significant amounts. If you are looking for a fun way to watch the race and win some cash, choose these exotics.

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Written by Jimmy Boyd on June 23, 2007 · Filed Under Horse Racing Betting

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