Justify listed as the odds-on favorite. In addition to betting on which horse you think will win the race, there are other options available for the Preakness Stakes including Preakness Stakes props. One of the most popular props is the one on whether or not Justify will win the Triple Crown. The No is still favored on this prop, although the odds have dropped. Let’s look at a couple of Preakness props and Preakness facts.
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Will Justify Win the Preakness Stakes?
Yes -260
No +200
There is no question that Justify is going to be a solid favorite to win Saturday’s Preakness Stakes. The horse was impressive in winning the Kentucky Derby and there is no reason to think any of the other seven horses in the field can challenge Justify. If you want to go against conventional wisdom and bet against Justify, you can get +200 that Justify will not win the Preakness Stakes.
The 143rd Preakness Stakes will take place on Saturday, May 19 at Pimlico Race Course in Baltimore, Maryland.
Will Justify Win the Triple Crown?
Yes +143
No -178
Do you remember what the odds were on this prop before the Kentucky Derby? I noted that if you wanted to bet this prop that the value would be on the Yes and that if you wanted to bet the No you would be better off waiting until after the Derby. The odds on the No before the Derby were about 6-1 and just a week ago you still had to lay -280 on the No. Those odds have come down to less than 2-1, as the No is -178. I have to say it again though, that if you think Justify won’t win the Triple Crown you are probably better off waiting. Justify looks like a very solid choice to win the Preakness and he will almost assuredly go off as the odds-on favorite to win the Belmont. The only danger in waiting to bet this prop if you like the No is that Justify somehow loses the Preakness.
The value on this prop is still with the Yes. It had a lot more value before the Kentucky Derby than it does now and even a week ago the prop had some value at +200. It is tougher to take the Yes on this prop, but if you think Justify is going to win this race and then win the Belmont you may still want to bet the Yes on this prop.
Preakness Facts
The Preakness is run at a mile and 3/16th. That has been the distance of the race since 1925. Trainer Bob Baffert will be looking for his seventh Preakness win, as he sends Justify. Baffert had Silver Charm (1997), Real Quiet (1998), Point Given (2001), War Emblem (2002), Lookin At Lucky (2010), and American Pharoah (2015). Calumet Farm has eight Preakness wins, the most by an owner. They will send Bravazo in this year’s race.
The largest winning margin in Preakness history was 11.5 lengths by Smarty Jones in 2004. Post position No. 6 has been the best post, as 16 horses have won from that position. 35 horses have won the Preakness after winning the Derby, but only 12 of those horses went on to win the Belmont.
Last year’s winner, Cloud Computing paid $28.80 to win, only the fourth winner to pay $9.00 or more since 2001. The favorite in the Preakness has won 13 of the last 32 races. The Preakness favorite has finished in the money 24 times in the last 32 races. The biggest win payout in Preakness history was Master Derby for $48.80 in 1975.
Only four horses since 1983 have won the Preakness without running in the Kentucky Derby. Three of the last nine Preakness winners led the race wire-to-wire.
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