2014 Preakness Stakes Betting Guide For Dummies

2014 Preakness Stakes Betting Guide For Dummies

2014 Preakness Stakes Betting Guide For Dummies

With the 2014 Preakness Stakes approaching faster than a speeding bullet, this informative 2014 Preakness Stakes Betting Guide For Dummies will help you make the most out of your race day wagers when the second leg of the Triple Crown gets underway on Saturday, May 17 at 4:30 PM ET , live from Pimlico Race Course in Baltimore , MD.

2014 Preakness Stakes TV Schedule

  • Preakness Stakes Prep: 1:00-4:30 PM ET NBC Sports Network
  • 139th Preakness Stakes 4:30-6:30 PM ET NBC
  • Preakness Post Show 6:30-7:00 PM ET NBC Sports Network
Preakness Stakes
The 2014 Preakness Stakes is slated to post this Saturday, May 17th. Will California Chrome continue his dominance across the field?
Starts: 05/17/2014 1:00PM
Pimlico Raceway, 5201 Park Heights Ave.
BaltimoreMaryland

2014 Preakness Stakes Morning Line Odds ordered by post position.

  1. Dynamic Impact, 12-1
  2. General A Rod, 15-1
  3. California Chrome, 3-5
  4. Ring Weekend, 20-1
  5. Bayern, 10-1
  6. Ria Antonia, 30-1
  7. Kid Cruz, 20-1
  8. Social Inclusion, 5-1
  9. Pablo Del Monte, 20-1
  10. Ride On Curlin, 10-1

With all that said and race day quickly approaching, let’s get started with the basics.

How to Place a Bet On the Preakness Stakes

The first thing you need to know is how to place a wager on a horse race. Even if you’re a novice that has never made a bet on a horse race in your life, don’t be overwhelmed…it’s not exactly rocket science, so don’t go ‘over-thinking’ yourself into some sort of panic attack. First and foremost, follow these simple steps.

  1. Find the track you want to bet on (if you’re not betting from a live location).
  2. Find the day and race you want to bet on
  3. Pick your winners
  4. Pick your bet type(s) and bet amount

You can either bet on a single horse to win, place, or show or on a combination of horses, which we will explain in just a bit.

State the number of the horse or horses you’re betting on (you can simply bet ‘numbers’ in each race if you want to take the guesswork out of your wagering and make it similar to a lottery ticket).

Check (and double check) your ticket before you leave the window (once you do…you’re stuck like Chuck…whomever he is).

Other Preakness Stakes Betting Tools

When you plan on betting on the 2014 Preakness Stakes or some other future race events, there area few must-have items you need no matter where you are.

Racetrack program: In order to know which horses are running in which races and which jockeys are riding them…and …oh hell….you get the idea. Seriously though, the first thing you need when you hit the track is a program. A program contains all of the pertinent info on horses, jockeys, trainers, and owners. The general cost is about $3.

The Daily Racing Form (DRF):  The DRF as it is called by horse racing enthusiasts provides a detailed report on the past performances of each and every mount on the day’s docket. The DRF will also give you informative horse racing articles and handicapping by the DRF staff. General cost is about $4.

Public handicapper selections: Whether you’re at an OTB (off-track betting parlor) or betting from a live track, you’ll likely be able to find a local newspaper that pays a handicapper to make daily selections. General cost is about 75 cents.

Handicapping tip sheet: Get the latest handicapping tips for approximately $2.

Now, here’s a breakdown of how odds work in horse racing.

Odds with $2 Minimum Payoff for Horse Racing

Once again, this isn’t necessarily the hardest process in the world. If you want to know exactly how much a horse is paying, then simply multiply the first number of the odds by 2, divide that by the second number, and then add $2.

Odds

$2 Payoff

Odds

$2 Payoff

Odds

$2 Payoff

1/9

$2.20

8/5

$5.20

7/1

$16.00

1/5

$2.40

9/5

$5.60

8/1

$18.00

2/5

$2.80

2/1

$6.00

9/1

$20.00

1/2

$3.00

5/2

$7.00

10/1

$22.00

3/5

$3.20

3/1

$8.00

11/1

$24.00

4/5

$3.60

7/2

$9.00

12/1

$26.00

1/1

$4.00

4/1

$10.00

13/1

$28.00

6/5

$4.40

9/2

$11.00

14/1

$30.00

7/5

$4.80

5/1

$12.00

15/1

$32.00

3/2

$5.00

6/1

$14.00

16/1

$34.00

What To Know When Betting the Preakness Stakes

Simulcasts

Every racetrack has a television simulcast commentator who handicaps between the races. Listen and see if you can pick up any good tips to bet on.

You may not have known before, but you sure do now! Jockeys that are in the top ten in standings win about 90 percent of the races?

Favorites and the One-Third Rule!

Did you know that favorites win about 33.0% of their races? Of course, the payout is lower than nailing a long shot selection.

The Morning Line

The morning line is racetrack oddsmaker prediction of how the public will bet the race. It is not his prediction, which a lot of people mistakenly assume.

Types of Bets You Can Make At The Preakness Stakes

Straight Bets

  • Win – You collect if your horse finishes first.
  • Place – You collect if your horse finishes first or second.
  • Show – You collect if your horse finishes first, second or third.

Across the Board – If you want to bet on just one horse to win, place or show, then you can simply tell the teller (no pun intended) “Yo…gimme’ $2 across the board on No.4.” Now you’ve bet $2 win, $2 place, and $2 show for a total cost of $6.

Exotic Bets

Daily Double – To nail this wager, you need to correctly choose the winners of two races before the first race starts. If you bet “4-1” daily double, No.4 must win the first race and No.1 must win the second.

Quinella–  You choose two horses in a race. To collect, one horse must finish first and the other, second.

Exacta –  To cash in here you must correctly choose the first and second horses in a race in their exact order of finish. If you bet “4-1” exacta, No.4 must finish first and No.1 must finish second.

Trifecta –  To win this bet, you’re going to need to correctly choose the first, second and third place finishers in any race in their exact order.

Superfecta –  To collect on this wager you’ll need to correctly choose the first, second, third and fourth place finishers in a race in their exact order.

Twin-Trifecta –  To be eligible for this tough, but bankroll-boosting wager, you must choose the first three finishers of a race in their exact order in the first leg to be allowed to wager on the second leg where you must also pick the first three finishers in their exact order.

Pick 3 –  To collect big on this exciting bet, you must correctly choose the winners of three consecutive races before the first race begins.

Pick 6 –  To add to your winnings by nailing this wager, you must choose the winners of six consecutive races before the first race begins. However, doing so may be a bit tougher than Solange Knowles trying to connect on Jay-Z with a right hook in an elevator.

Its time to pick your poison and bet on the 2014 Preakness Stakes.