Early Money Betting Against Justify Winning the Triple Crown

May 20, 2018 10:43 AM EDT
Credit:

Mike Smith aboard Justify (7) celebrates Credit: Geoff Burke-USA TODAY Sports

Shortly after Justify won the Preakness Stakes — the second leg of horse racing’s Triple Crown — this prop bet was posted:

Will Justify win the Triple Crown?

Yes: -115
No: -115

Over the course of just a few minutes, early money came down on “No”, moving odds to -140 with “Yes” floating up to +110.

While there are still three weeks for bettors to shape this line, early action indicates that the market is bearish on Justify becoming the 13th horse to finish off the Triple Crown.

As of Sunday morning, the odds were “No” -120 and “Yes” -105.

Another book also quickly opened Belmont action with Justify -120 vs. the Field (-120), implying a 50% chance that Justify wins at Belmont Park. On Sunday morning, those odds had moved to “No” -125 and “Yes” -105.

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