2012 Preakness Stakes Betting

Date: Saturday May 19, 2012

Location: Pimlico Race Course, Baltimore, MD

The Preak

ness Stakes is an American Grade I stakes race 1-3/16 mile (1.91 km) thoroughbred horse race for three-year-old horses, held on the third Saturday in May each year at Pimlico Race Course in Baltimore, Maryland. Colts and geldings carry 126 pounds (57 kg); fillies 121 lb (55 kg).

The Preakness is the second and shortest leg in American thoroughbred racing’s Triple Crown and almost always attracts the Kentucky Derby winner, some of the other horses that ran in the Derby, and often a few horses that did not start in the Derby. (The phrase “Triple Crown” was not applied to this series of races until the 1930s.) It is followed by the third leg, the Belmont Stakes.

Preakness Stakes Betting Odds

Preakness Stakes Betting

Triple Crown previews, race recaps and wagering are always available in the racebook at Bookmaker. Bet on these events live. Load your betting bankroll from your smart phone with BookMaker’s new cashier feature! Depositing and withdrawing funds from your account has never been easier. BookMaker’s live betting platform means you always have access to odds and lines to every sporting event. Click here and start wagering today!

The Preakness has had some memorable horse race winners with great photo finishes. Who could ever forget horses like Northern Dancer, Secretariat, Seattle Slew, Affirmed, Tabasco Cat, or Smarty Jones.

2012 Preakness Stakes Contenders

There are several concepts unique to the Preakness Stakes race that have to be taken into account when handicapping the second leg of horse racing’s Triple Crown and particularly since the field won’t be set until the week before the race.

Once the Preakness Stakes field is announced it’s important to evaluate all of the entries not only as you would any other race but with the following concepts in mind:

DISTANCE:

The Preakness Stakes is run over a distance of a mile and 3/16, meaning that it’s actually a little bit shorter than the Kentucky Derby which precedes it by two weeks. That means that there’s not much of a question about Preakness entrants’ ability to handle this distance.

SCHEDULE:

One of the most significant reasons that winning the Triple Crown is such a rare event is the grueling schedule of the three races. While the ideal layoff between races varies from horse to horse, most high level equine competitors race fewer than 10 times per year. In most cases, thoroughbreds seldom race without a break of three weeks to a month.

WEATHER/TRACK CONDITION:

Horses are very sensitive to the conditions in which they run and the surfaces they run on. On balance, most owners and trainers try to avoid racing a promising young horse in inclement weather or on a sloppy track. If the weather at a racetrack becomes particularly bad you’ll see a number of ‘late scratches’ for this reason.

POST POSITION:

Only one horse “Rachel Alexandra” in 2009, has won the Preakness from the outside post position. In theory, the horses who draw the inside post positions have an advantage over the ones to the outside in any race. At Pimlico, however, there’s a historically demonstrated bias to horses that can run well on the rail. There’s been a number of theories for why racing near the rail is so valuable at Pimlico, from firmer dirt to an advantage in the tight turns. Whatever the reason, it’s something to pay attention to.

Bet Preakness Stakes Daily Double

Preakness Stakes Daily double betting requires you to pick the winners of two consecutive races on one ticket. All tracks offer the early daily double which involves races #1 and #2. Daily double is also offered by some tracks on the final two races of the day. Preakness Stakes Daily Doubles are an especially good bet when you have an excellent value horse (i.e. longshot) in either leg of the Daily Double.

A $2 Preakness Stakes daily double of 2-3 on the first two races would require that horse 2 win the first race and horse 3 win the second race in order for you to cash a ticket.

Some tracks even offer rolling doubles, which means you can bet the daily double on any two consecutive races throughout the card and On rare occasions, daily double wagering is also offered on selected races in the middle of a racing card. This is done in an effort to stimulate wagering on small fields that might otherwise offer little value to the bettor.

Betting the Preakness Stakes daily double is one of the best bargains in Triple Crown racing for a variety of reasons, but mainly because it has its own separate betting pool. This means that only one takeout (a percentage of each dollar wagered which is removed from the betting pools to pay the racetrack and various levels of government taxes), usually in the range of 17 percent, is applied to the betting pool before calculating the payoffs.

More about the Preakness Stakes