Preakness Stakes Betting: Time for Sports Bettors to Pony Up

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American Pharoah is the betting favorite for the 140th Preakness Stakes this Saturday.

Online betting sites have started to release prop bets on the performance of American Pharoah; among these bets are wagers involving a possible Triple Crown if Pharoah is successful at Preakness, as well as bets on the field of horses scheduled to run.

The last time the Triple Crown was won is all the way back in 1978 by Affirmed. There have been eleven Triple Crown winners dating back to Sir Barton in 1919.

Sportsbooks are expecting heavy volume on the Preakness Stakes as casual fans have a tendency of wagering the big races, especially as a prelude to NBA and NHL playoffs betting action.

Earlier today, Sportsbook Review today launched a list showing Preakness Stakes prop bets, and has compiled some of the most popular horse racing bets below to summarize the types of betting markets players can expect come May 16.

The horse racing prop bets markets below are available for wagering:

To win the 2015 Preakness Stakes

Horse 5Dimes Heritage Bovada BetOnline Wagerweb Bet365
American Pharoah -130 -125 -120 -150 -125 -163
Firing Line Field, +100 Field, +105 5 to 1 3.5 to 1 Field, +105 4 to 1
Dortmund Field, +100 Field, +105 5.5 to 1 4 to 1 Field, +105 6 to 1
Competitive Edge Field, +100 Field, +105 16 to 1 Not offered Field, +105 14 to 1
Carpe Diem Field, +100 Field, +105 14 to 1 Not offered Field, +105 16 to 1
Materiality Field, +100 Field, +105 14 to 1 8 to 1 Field, +105 16 to 1
Divining Rod Field, +100 Field, +105 25 to 1 15 to 1 Field, +105 20 to 1
Danzig Moon Field, +100 Field, +105 22 to 1 12 to 1 Field, +105 20 to 1
Stanford Field, +100 Field, +105 40 to 1 Not offered Field, +105 33 to 1
Tale of Verve Field, +100 Field, +105 50 to 1 80 to 1 Field, +105 33 to 1
Bodhisattva Field, +100 Field, +105 40 to 1 60 to 1 Field, +105 40 to 1
Grand Bili Field, +100 Field, +105 50 to 1 Not offered Field, +105 50 to 1

Triple Crown Prop Bets
American Pharoah wins Triple Crown +250
American Pharoah won't win Triple Crown -325

American Pharoah Exotic Bets
Wins Preakness but not Belmont +180
Any other result -240

American Pharoah Exotic Bets
Wins Belmont +105
Field wins Belmont -135

Should American Pharoah cash - and according to the sportsbook odds - the colt's implied probability of winning is 56.52%, it sets up for a betting storm of Triple Crown prop bets, which will be listed at Sportsbook Review.

Poster's Poll
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950 Pts
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825 Pts
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390 Pts
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355 Pts
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350 Pts

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