Preakness Wagering

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Preakness Odds Favor Afleet Alex At 5/2 OverDerby Winner Giacomo At 6/1

Leading Online Sportsbook Bets PreaknessWagering May Surpass Kentucky Derby May 20th, 2005

San Juan, Costa Rica – Despite a stunning victoryin the Derby as a 50-1 long shot, Giacomo currently lists longerodds (6/1) from online sportsbook Bdg for this Saturday’s Preakness Stakes than three horses he defeated:Afleet Alex (5-2), High Fly (9-2) and Closing Argument (5-1).(For the most up to date odds see their site.

“Most bettors go with the expected favorite,”said Calvin Ayre, Bodog Founder and CEO. “The Preakness has alwaysbeen a gambler’s race for a host of reasons. Coming just two weeksafter we’ve seen many of these horses run in the Derby, the Preaknessis a shorter race with a more limited field.” He added that manyof the factors that lead to upsets like the Derby were eliminated.“In this race,” he said, “the betting strongly favors the favorites.”


Giacomo’s unexpected victory at Churchill Downsalso made a winner of online sportsbooks like Bodog, resultingin a 40 percent hold (profit). The average hold on a horse racefor the Internet books is just shy of 20 percent.

A long shot wín at Saturday’s Preakness may proveto be even more profitable yet. Ayre says wagering on the Preaknessis likely to be even greater than the Derby because many morepeople will be motivated to bet long shots with the hope of strikingit rich.

The last time the Derby winner did not go offas the Preakness favorite was 2001, when Monarchos was the slightsecond choice behind Point Given, who won the race.

Ayre added that although six of the last eighthorses that won the Kentucky Derby have also won the Preakness,this year’s 50-1 long shot Derby win by Giacomo is likely to meanthat trend won’t continue. This is why the horse fell behind threemore consistent runners in Bdg’s odds for the Preakness.

Ayre says, “We’ll have to wait and see if thebetting patterns change that.”

While plenty of sports analysts, writers andcommentators are offering their own opinions on the Preakness’outcome, lines and odds show what the fans, placingapproximately $1 million or more in wagers at, expectbefore Saturday’s race.

Post; Horse; Odds (at time of release)

Malibu Moonshine ; 20-1
High Fly ; 9-2
Noble Causeway ; 10-1
Greeley’s Galaxy ; 13-1
Scrappy T ; 20-1
Hal’s Image ; 50-1
Closing Argument ; 5-1
Galloping Grocer ; 30-1
Wilko ; 10-1
Sun King ; 15-1
High Limit ; 12-1
Afleet Alex; 5-2
Giacomo ; 6-1
Going Wild ; 30-1


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