2016 Preakness Stakes Odds

The 141st running of the Preakness Stakes takes place on May 21, 2016 at Pimlico Race Course in Baltimore, Maryland. The race is 1 and 3/16 miles on dirt and last year was won by eventual Triple Crown winner American Pharoah.

The table below examines how the odds to win the 2016 Preakness have moved at Bovada. It will continually be updated as the race approaches.

Horse Odds on May 21 Odds on May 19 Odds on May 9
Nyquist -175 -165 -140
Exaggerator +300 +400 +450
Stradivari +950 +700 +1200
Collected +1800 +2000 +2500
Cherry Wine +2500 +1800 +2500
Uncle Lino +3300 +3300 +3300
Lani +3300 +4000 +3300
Fellowship +5000 +4000 +3300
Awesome Speed +5000 +3300 +3300
Laoban +5000 +4000 +4000
Abiding Star +5000 +4000 N/A
Swipe N/A N/A +2500
Destin N/A N/A +1600
Dazzling Gem N/A N/A +2000
Creator N/A N/A +1600
Suddenbreakingnews N/A N/A +1400
Mor Spirit N/A N/A +1600
Gun Runner N/A N/A +1400
Outwork N/A N/A +2000

Nyquist, the winner of the Kentucky Derby, was listed as the early -140 favorite and has since moved to -175. The rainy and sloppy weather conditions should make for a muddied track, which appears to favor Exaggerator. Since opening, the horse has moved from +450 to +300, and is clearly in the best position to take down Nyquist.

You can also bet the field against Nyquist, meaning any other horse could win either the Preakness or Belmont. Nyquist was once available at +1325 to win the Triple Crown this year, but is now at +230 following its Derby victory. If any horse besides Nyquist wins either the Preakness or Belmont, then the “No” will cash for this prop at -270 odds:

Nyquist Triple Crown(1)

80% of the tickets at William Hill are on Nyquist to pull off the feat, but the slight majority of money doesn’t think so. This would indicate that some slightly sharper money is on Nyquist NOT to win the Triple Crown.

If you bet on Nyquist at +1325 to win the Triple Crown, are you hedging on the “No” on this prop to ensure a payout? As always feel free to leave your comments and thoughts below.

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Dan McGuire

Dan McGuire is the Operations Manager and soccer specialist at Sports Insights. He can be reached at dan.mcguire@sportsinsights.com.

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