Early 2016 Preakness Stakes Odds Preview and Analysis

Posted by Daniel Saenz on May 10, 2016 in

The first leg of the world-famous Triple Crown Series at the Churchill Downs went pretty much as was expected, with Kentucky Derby odds-on favorite Nyquist cruising to victory. Up next in Triple Crown Series is the Preakness Stakes, which has the Derby winner once again favored to win the race, as he seeks to follow in the footsteps of last year’s American Pharoah. But in order to achieve that feat, Nyquist will first have to ace the 2016 Preakness Stakes betting odds. Here are all the basic details you need to know about this race, including an early take on the just-released odds to win the 2016 Preakness Stakes.

Early 2016 Preakness Stakes Odds Preview and Analysis

What: 2016 Preakness Stakes
Where: Pimlico Race Track in Baltimore, Maryland
When: Saturday, May 21, 6:18 p.m. ET
Track: 1 and 3/16 miles on dirt
TV: NBC
Live Streaming: NBCSN

Early Horse Race Odds to Win 2016 Preakness Stakes

  • Nyquist -140
  • Exaggerator +450
  • Stradivari +1200
  • Gun Runner +1400
  • Suddenbreakingnews +1400
  • Creator +1600
  • Destin +1600
  • Mor Spirit +1600
  • Dazzling Gem +2000
  • Outwork +2000
  • Cherry Wine +2500
  • Swipe +2500
  • Collected +2500
  • Lani +3300
  • Uncle Lino +3300
  • Fellowship +3300
  • Awesome Speed +3300
  • Laoban +4000

Is Nyquist a Legitimate Preakness Stakes Favorite?

Ahead of the 2015 Triple Crown Series, we had a 37-year hiatus without a Triple Crown winner, but all that changed when trainer Bob Baffert and his horse American Pharoah won it all to end the drought. With that long spell of near-victories ended by American Pharoah (who lost his first race before winning the next eight for an overall 7-of-8 mark), there is a lot of hope that the undefeated Nyquist (8-of-8 since the start of his career) will be able to match up to the standards with a sweep of the series, starting with the Preakness two weeks from now. This should be particularly encouraged by the fact that Nyquist became the fourth consecutive favorite to win in the derby, and three of those four favorites have gone on to win in the Preakness Stakes as well.

If the 3-year old colt can continue to exhibit the excellent movement and sterling closing ability that has kept him an undefeated champion to this point, he will be tough to beat at the 141st running of the Preakness Stakes. Oh, and not to forget, Nyquist’s Jockey Mario Gutierrez and trainer Doug O’Neill already won a double of both the Kentucky Derby and Preakness Stakes in 2012 with I’ll Have Another before the colt pulled out of the Belmont race due to injury, so they should be well vast with the intricacies of preparing Nyquist for the task ahead.

The Rest of the Field

Trainers and owners sometimes choose to skip the Preakness entirely to give their horses a longer break, and we also get some new entrants who skipped the Derby, so you should keep in mind that the list given above is yet to be finalized. But based on the early list, bettors should have a decent idea of who will be Nyquist’s main threats in the Preakness.

Top of the list of competitors will of course be Exaggerator, a fast-closing runner-up to Nyquist in the Kentucky Derby, who had a pretty decent race. But then again, Exaggerator has faced Nyquist four times in his career and lost on all those occasions, meaning you’d be taking a big risk by betting on the Santa Anita Derby winner.

Gun Runner, who entered the Kentucky Derby with the most derby points and even led the race briefly before finishing third, will be another colt worthy of watching. Suddenbreakingnews, a fifth finisher in the Derby, could also be a threat. Stradivari didn’t race in the Derby, but he’s streaking on two wins after losing his first race, which means he could come into the race with just the right amount of momentum needed to pull off an upset.

Other names like the Todd Pletcher-trained Destin (6th finish in the Kentucky Derby), Japan-based Lani (9th finish in the Derby), Mor Spirit (10th finish in the Derby), Lexington Stakes winner Collected and Rebel Stakes winner Cupid are worthy sleepers to watch.

Conclusion on 2016 Preakness Stakes Betting

Given that just four of the last 10 Kentucky Derby winners have gone on to win the Preakness and we will be seeing the entry of some new horses with fresh legs in the second leg of the Triple Crown series, Nyquist will certainly have his work cut out for him. Even so, chances are that he will be facing a weaker pool and some quality colts will be taking the second race off to rest up in preparation for the Belmont Stakes, don’t be too quick to write him off just yet. After all, Nyquist is still undefeated and his winning time was the fastest by a Kentucky Derby victor in 13 years, so until another colt manages to knock him off, there’s little reason to pick against him.