Horse Racing

Preakness Stakes odds: Mage set to go off as clear favourite

Have you been monitoring the Preakness Stakes odds ahead of the 2023 race? If not, you’ve come to the right place. I will be giving you a quick rundown of the odds for the confirmed runners in the 2023 Preakness Stakes. But not only that, I’ll be giving you some background information that is fueling the odds for Mage – the current favourite to win. 

Preakness Stakes Odds

Of course, the odds are important if you are considering placing a bet on the 2023 Preakness Stakes. It’s the odds that determine whether the wager is ‘valuable’ or not. And at the same time, the odds directly influence your potential return if that bet comes to fruition. Anyway, that’s enough about the overview of the most recent Preakness Stakes odds.

Let’s now cover the specifics of the odds for the 2023 event.

The Most Recent Preakness Stakes Odds for Confirmed Runners

For the 2023 Preakness Stakes, there are seven confirmed runners. This has been adapted from the seven confirmed runners that could be seen in the ante-post markets yesterday. And below, you’ll see the odds for these runners in order of shortest to longest price:

  • Mage – 4/5 Odds
  • National Treasure – 5/2 Odds
  • Blazing Sevens – 7/1 Odds
  • Perform – 12/1 Odds
  • Red Route One – 16/1 Odds
  • Coffeewithchris – 40/1 Odds
  • Chase The Chaos – 66/1 Odds

As you can see, Mage is the heavy favourite to snag another win tonight. He is the only horse who not only competed in the Kentucky Derby but won it. None of the other horses were involved in the first leg of the 2023 Triple Crown. So the odds are far shorter for Mage than they are for the rest of the lineup. But why is that the case? Let me discuss the Preakness Stakes odds for Mage right now.

Preakness Stakes Odds for Mage – Why They Are So Stacked

It goes without saying that the odds for any betting market give you an idea of the probability of that outcome coming true. So in the case of Mage, his odds of 4/5 indicate a 55.60% probability that he will win the Preakness Stakes tonight. Compared to the second favourite (National Treasure) who has an implied winning probability of 28.60%, Mage is clearly leading the pack. And as touched upon above, the main reason for this is the fact that he won the Kentucky Derby just two weeks ago.

This is obviously a huge feat, and it has given punters plenty of confidence in Mage going into the Preakness Stakes. He was simply phenomenal at Churchill Downs, displaying great power, speed, and endurance too. And if you look back at his last four races, it’s clear that this victory was no accident. Mage has been gradually getting better and better, and it looks like the training is now paying dividends.

Furthermore, Castellano is set to be in the saddle once again when Mage competes in the Preakness Stakes. He was the jockey that guided Mage to victory in Kentucky, so it’s fair to say that this combination seems to work well.

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