The 143rd Preakness Stakes takes place on Saturday (6:20 p.m. ET.) at Pimlico Race Course in Baltimore, Maryland.  Kentucky Derby winner Justify is the betting favorite with 4-9 odds.

 

Before the “Run for the Roses” we explained that betting the Derby was as easy as going chalk. In the last 50 years, 17 favorites (counting co-favorites) won America’s greatest race. With Justify’s victory, the favorite has won more than half the races since 2000, including six straight.

A $2 wager, the minimum bet amount required, on the favorite in the 19 Derby races since 2000 (a $38 total investment) has returned $85.60 for a 125% return on investment (ROI). In the “Fastest Two Minutes in Sports” going chalk has been profitable. Is betting the favorite the sharp play in the Preakness Stakes as well?

Access Premium Insights

Unlock this article and get unlimited access to all of the data-driven analysis from the sharpest minds in sports betting and daily fantasy sports.

Start Your Free TrialAlready an Action Network member? Sign in
Credit:

Preakness Stakes. Credit: Patrick McDermott-USA TODAY Sports

Follow John Ewing on Twitter
@johnewing