Can Nyquist Win the Preakness Stakes Too?

Posted by Aaron . on May 9, 2016 in

If you watched the Kentucky Derby this past weekend, then you saw heavily favored Nyquist storm to victory, running away from the pack down the home stretch. In two weeks, he will join the field at the 2016 Preakness Stakes as the favorite once again. The race takes place on Saturday, May 21, 2016, at Baltimore’s Pimtralico Race Track. Find the latest horseracing odds here.

Can Nyquist Win the Preakness Stakes Too?

 

 

The oddsmakers already consider Nyquist a major factor in this race. One sports book only listed two choices: Nyquist at -170 and the field at +120. This means that if you want to win $100 on Nyquist, you have to put down $170. The field means that you are betting on any of the other horses to win. If you put down $100 on the field in the Preakness right now, you would win $120 if Nyquist did not win.

Why is Nyquist such a presumptive favorite? Well, he’s simply never lost. He has entered eight races in his career, and he has won all of them. In 2016, he has posted a 3-0 record. At the Kentucky Derby, he was the fourth straight favorite to win the race. Also, there is a strong correlation between winning at Churchill Downs and winning two weeks later at Pimtralico. Three of the last four Kentucky Derby winners went on to take the Preakness as well: I’ll Have Another in 2012, California Chrome in 2014 and American Pharaoh in 2015.

Trainer Doug O’Neill and jockey Mario Gutierrez paired up to win their second Kentucky Derby as a team. They worked together with I’ll Have Another in 2012 (winning both the Kentucky Derby and the Preakness), and I’ll Have Another was getting Triple Crown buzz that year until they had to scratch the horse the day before the third race, the Belmont Stakes. Nyquist appears to be an even stronger candidate to win all three races.

Just in case you’re interesting in locking down bets for Nyquist on both the Preakness and the Belmont, early odds on the Belmont show him at +120, and the field is at -170. That means that if you bet $100 on Nyquist to win the Belmont, you can win $120. If you want to bet on the field at the Belmont, you have to wager $170 to win $100. The primary reason for this switch in the odds is twofold: the Belmont is a significantly longer race, and there have been so many horses that won the first two races only to lose the Belmont.

What if you want to lock in a Triple Crown bet for Nyquist? His odds to win the Triple Crown right now are at +250 (which means if you bet $100, you win $250). The “No” bet is set at -400 (you have to bet $400 to win $100).