Vegas Odds on the 2012 Preakness: Race Drawing Little Betting Interest

Vegas odds on the 2012 Preakness had Bodemeister the easy favourite even after I’ll Have Another’s stunning victory at the Kentucky Derby.  Odds online were in some cases better than in Vegas and certainly more easy to place for those living outside of Sin City.  WagerWeb.com was giving away FREE CASH for qualified new customers betting the Preakness Stakes.

Why the general lackluster betting activity when it comes to this year’s Preaness?

"These are horses that never would have been in the Derby," says Wynn oddsmaker John Avello in an interview with Chad Millman of ESPN.com.

And because it is a shorter race, Bodemeister, who ran three quarters in the lead of the Derby, was made the easy favourite at near even odds. 

"The turns are tighter," says Avello. "You want to be in the top four or five spots early because if not, it becomes more difficult, because front-runners have an advantage. It is a speed track, and those turns don't allow for horses to be on the outside and get position."

"Honestly, I may skip the race as far as betting," says Avello. "Bodemeister is the best bet, but the odds are too short for me and that is not my style."

- Dan Shapiro, Gambling911.com