2014 Preakness Betting Lines Formed; California Chrome Heavily Favored

California ChromeThe statement has been made many times over the last several weeks. It’s always the case come Triple Crown season. The fact is that there has not been a Triple Crown winner since 1978 where Affirmed captured the Kentucky Derby, Preakness, and Belmont Stakes.

California Chrome is one-third the way there.

Of course, every Kentucky Derby winner is at that point with the Preakness on the horizon. But given the fact that California Chrome was the favorite heading into Kentucky Derby and he won, there is plenty of hype surrounding the preakness. The 2014 Preakness gets underway this Saturday, May 17th from Pimlico in Maryland.

The post positions for the Preakness were drawn on Wednesday. California Chrome is in the No.3 position. Because the Preakness is a small field of 10, having the No.3 position is actually a nice place to start from. There will not be much traffic out of the starting gate for California Chrome to maneuver through barring an unforeseen circumstances. In fact, the No.3 position is one of the more favorable posts.

It all adds up to California Chrome being the heavy favorite on 2014 Preakness Betting lines at Bovada Sportsbook. The thoroughbred is set at better than even money, going off at 5/8. That means every $8 wagered on California Chrome to win will profit $5. The nearest contender to California Chrome is Social Inclusion, installed at 6/1. California Chrome is more than seven times the favorite as the nearest thoroughbred on the list.

Unlike the Kentucky Derby, payouts for the biggest underdogs do not go 50/1 or beyond. Because the field is limited to 10, the payouts for all horses are within a similar range. The largest underdogs for the 2014 Preakness are Ring Weekend and Ria Antonia, both going off at 28/1.

There are a total of just three horses in the Preakness field that ran in the Kentucky Derby two weeks ago. Ride On Curlin, and General A Rod are the other two participants History could be on the side of California Chrome though. Eight of the the last 17 victors at the Preakness had won the Kentucky Derby. That is nearly a 50 percent mark. Those odds would be pretty good for anyone wagering on the outcome. Of those eight winners though, none of them went on to win the Belmont to close out the Triple Crown.

What makes California Chrome such a big favorite on the horse racebooks  in this one is how easy he seemed to win the Kentucky Derby. He will be running on short rest though, never before competing less than four weeks in between a race.

Odds to win the Preakness will be up all week through Saturday’s post time.

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