2017 Preakness Stakes Odds

2017 Preakness Stakes Odds

Always Dreaming (+500) was the winner of the 2017 Kentucky Derby and opened as the favorite to win the Preakness Stakes at +110 (via 5Dimes). The Preakness Stakes is slightly shorter than the Kentucky Derby at 1 and 3/16 miles, and always takes place on the third Saturday in May. Last year’s winner was Exaggerator, who was only listed behind Nyquist. The table below shows early odds for each horse for 2017:

May 20 Evening
May 20 Morning
May 19
May 18
May 15
May 11
May 11
May 8
4Always Dreaming+135+100+110-122-150-150+105+110
5Classic Empire+240+285+300+271+375+375+650+600
10Conquest Mo Money
9Lookin at Lee
2Cloud Computing
8Senior Investment
7Term of Art

Always Dreaming remains the clear-cut favorite with Classic Empire the next closest competition. It’s evident that both square and sharp bettors are taking the favorite to take care of business this weekend. Bettors have also heavily taken Always Dreaming to win the Triple Crown, with odds moving from +440 to +245 at BetDSI since its Kentucky Derby victory. 74% of tickets at BetDSI have come in on Always Dreaming to achieve the historic feat, but you can find a better number of +360 at 5Dimes.

At William Hill’s US sportsbooks, Classic Empire leads the way with 33% of money wagered, followed by Always Dreaming 20%, Lookin at Lee 17% and Gunnevera 13%.

The weather is supposed to be warm and overcast in the mid to high 60s by post time, and the track is expected to be dry. This is a big difference from the Kentucky Derby two weeks ago when it was wet and sloppy.

How much handle does a sportsbook actually take on a horse race like the Preakness? Scott Cooley of Bookmaker recently mentioned that they definitely get more action on an NBA Playoff game, especially in terms of the money wagered due to bigger bets, but ticket counts and number of wagers are pretty close.

Here are head-to-head matchup odds via BetDSI:

Always Dreaming -192
Classic Empire +155

Multiplier -146
Term of Art +110

Multiplier -115
Senior Investment -115

Cloud Computing -173
Hence +135

Cloud Computing -168
Gunnevera +130

Cloud Computing -140
Conquest Mo Money +110

Gunnevera -115
Hence -115

Looking at Lee -135
Hence +105

Looking at Lee -130
Gunnevera +100

Term of Art -115
Senior Investment -115

Conquest Mo Money -118
Gunnevera -109

And a few prop bets via 5Dimes:

Saddlecloth # of winner:
1-5: -500
6-11: +400

Saddlecloth # of winner:
Odd: +158
Even: -180

Looking ahead to the Belmont Stakes in 3 weeks, Always Dreaming opened +145 at 5Dimes to win the potential final race of the Triple Crown.

Dan McGuire

Dan McGuire is the Operations Manager and soccer specialist at Sports Insights. You can find him on Twitter (@ArsenalDMC) and he can be reached directly at dan.mcguire@actionnetwork.com.

1 Comment
  • Mike Sweeney
    05/08/2017 at 3:36 pm

    Dan McGuire,

    The Preakness Stakes (1 3/16) is slightly shorter run than the Kentucky Derby (1 1/4).

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