Preakness Stakes Odds: Bet Online to Maximize Profit

Written by Jake Thompson
Saturday, 21 May 2011 16:41

The horse racing odds for the 2011 Preakness Stakes are much nicer if you bet online.

I’ve never been able to figure out why horse racing bettors don’t find a quality online sportsbook to place their wagers, and I wanted to take a second to outline just why the savvy handicapper will put in his wagers online.  At an online sportsbook you get a bonus for signing up, you get to lock in a certain price on the big races, and you also can check between the various establishments to see who has the best price.  The days of betting on your favorite horse and ending up with whatever random odds the track indicates are over, and it’s time for many to realize the potential that is available to them.

Online sportsbooks have various bonuses but all of them will give you extra money to put on top of your wager so that you get a larger payout.  If you go to a track or place a bet with a friend, you simply don’t get extra money added on to the amount you plan to wager.  Making your bet online makes a ton of sense for this reason alone, and you can check out the various sportsbooks here at our site to find the one that you prefer.

Second, the ability to lock in a price is paramount to maximizing your profit.  I can’t even count the amount of times that I placed a wager on a horse that was around 6-1, only to get a payout at 8-5 because of the track odds shifting right before the race went off.  You never really know what payout you’ll get at the track if you wager there, so why not lock in a price and not have to worry about it changing?  Most online sites have sportsbooks and racebooks, with the racebooks giving you typical track odds and the sportsbooks letting you lock in a certain price.  There is simply no reason to bet any other way and leave your payout up to chance.

Lastly, online odds are simply better than what you’ll get at the track.  Listed below are the online Preakness Stakes odds next to the current track odds.  A simple look will let you know that you’ll get paid more when you bet online, and combined with all of the other factors I’ve outlined I think you’ll do the smart thing.

2011 Preakness Stakes Odds (online odds first, track odds second):

Astrology 20-1 15-1

Norman Asbjornson 50-1 30-1

King Congie 22-1 20-1

Flashpoint 20-1 20-1

Shackleford 13-1 12-1

Sway Away 12-1 15-1

Midnight Interlude 17-1 15-1

Dance City 11-1 12-1

Mucho Macho Man 6-1 6-1

Dialed In 5-1 9-2

Animal Kingdom 5-2 2-1

Isn’t He Perfect 50-1 30-1

Concealed Identity 33-1 30-1

Mr. Commons 40-1 20-1