The 2021 Preakness Stakes figures to be one of the most scrutinized horse racing events in recent years. Events away from the track will have casual fans wondering how it all go down. But it will also garner a lot of action on top Preakness Stakes betting sites, including in terms of prop bets.
Most people who bet on horse races do so through the system known as pari-mutuel wagering. That means that the odds keep changing, even after you’ve made your bet, and aren’t set until all the bets are made. The odds are ultimately determined by how much money is in each specific betting pool.
But gambling sites often offer their customers the chance to bet with fixed odds on horse races. And they also give them a chance to step away from the traditional horse racing bets, such as win, place, show, exacta, trifecta, etc., and try something different. Such is the case with the 2021 Preakness Stakes prop bets.
Pinning Down Your Odds
One of the main things you’ll notice about these bets are that your odds will be set the moment you make your bet. Even if more (or less) people wager on your selection, your odds won’t change. That can help you if you have a good feel for the race early.
In addition, prop bets will also let you attack the race from different betting perspectives. These bets don’t have anything to do with who is winning the race. But they can be just as, if not more lucrative than traditional horse racing bets.
2021 Preakness Stakes Props
In the following article, we’ll take a look at a few of the prop bets available to you for Saturday’s Preakness Stakes. We’ll show you the odds, give you an idea about each bet from a horse racing perspective in general, and then talk about the possible outcomes. Finally, we’ll make out pick for each of these 2021 Preakness Stakes prop bets.
Over 1.5 lengths: -115
Under 1.5 lengths: -115
What It Means
At the end of the race, the winning margin between the first-place horse and second-place horse will be measured by Pimlico race charters. In case you’re wondering, a length is the length of a typical horse from head to tail. You have to bet on whether you think that margin will be over or under that number of 1 ½ lengths.
For the record, the last four Preakness Stakes all have been won by margins of less than 1 ½ lengths. The last time it would have gone over was when Exaggerator won in 2016. But all it takes is one year to break a trend.
This Year’s Race
The reason that the margin is higher than usual is likely because oddsmakers feel that Medina Spirit, the betting favorite, has a decided edge over this field.
It could mean that he comes in with a little bit of a question mark, which could make this race wide open.
Stick with the trend. We believe that the 2021 Preakness Stakes will come down to the final strides, which means you should take the under.
Winning Distance –Under 1.5 lengths (-115)
Over 1:55.00: -120
Under 1:55.00: -110
What It Means
The final time of the race will be measured when the Preakness Stakes is all over on Saturday. If you make this bet, you’ll be trying to judge whether or not you think the race will be faster (under) or slower (over) than 1 minute and 55 seconds. Keep in mind that the Preakness Stakes takes place at a distance of 1 3/16 miles.
On average, a horse can travel an eighth of a mile in around 12 seconds if they’re moving well. If that kind of pace were kept, the time for 1 3/16 miles would come in at 1 minute and 54 seconds. In terms of trends, the last two races were under the time set by the oddsmakers, but the previous four before that were over.
This Year’s Race
The first thing that you have to watch for is the weather report, because a rainy night would mean a slower track and a slower winning time. Another factor could be that there doesn’t seem to be a lot of early speed in the race. As a result, you could have a slow pace that makes the over more likely.
Another factor here is that this does not seem to be a particularly strong field for the Preakness Stakes. That could portend a slower winning time on the whole.
It seems like this race is going to be a bit of a slog. You might change your tune if you see some early weather reports that suggest nice weather in Maryland a really fast track. But the over seems like the right play here.
Winning Time –Over 1:55.00 (-120)
To Finish Last
France Go de Ina: +500
Crowded Trade: +600
Unbridled Honor: +700
Risk Taking: +750
Midnight Bourbon: +1600
Medina Spirit: +2000
Concert Tour +2000
What It Means
You’ll be picking the horse that you think is going to finish last in the 2021 Preakness Stakes. But horse racing fans know that the horse that finishes last isn’t always the worst horse in the race. It could be the horse that is just the weariest at the end of it all after putting in a big effort early on in the race.
In that respect, you should be looking for a horse who likes to leave early but probably doesn’t have the stamina to hold onto the lead late in the race. And you should maybe think twice about horses who like to come from off the pace. Horses like that rarely finish last, because they tend to pass tiring horses in the stretch, even if they don’t come anywhere to the winner.
This Year’s Race
Unbridled Honor, Keepmeinmind and Midnight Bourbon all fall into that closer class, so you shouldn’t go there. Medina Spirit and Concert Tour are the top two choices and should be eliminated from consideration (although it’s tempting to take a flier on Medina Spirit at 20-1 with everything that’s going on with him.) Crowded Trade should not be one of the top choices here, as he has a legitimate shot to win.
The trio on which you should focus here are Ram, France Go de Ina, and Rombauer. Because Ram doesn’t get you much value, you should probably toss him out as well. That leaves Rombauer and the Japanese curiosity France Go de Ina.
Rombauer gets you the best value out of all the possibilities and seems a likely choice to be well up the track at the end of it all.
Jim Beviglia joined Gamblingsites.org as a staff writer in 2018, parlaying his years of freelance writing into contributions on a number of different topics. He handles the sport of horse racing for GamblingSites.org and the intersection between the worlds of cryptocurrency and online gambling in a weekly blog.
For his full-time job, Jim handles the television and track announcing duties at a h ...
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