Get ready for your Preakness Betting Odds as early as today!

Month of May has come, and I am pretty sure that you are doing your preparation for the upcoming Preakness Stake event. Many are becoming an avid fan of this horse racing sport but some others don’t have enough knowledge about this race, yet, love and enjoy placing a bet on it.

So, what exactly is Preakness Stakes?

The Preakness Stakes is an American Grade I stakes race 1-3/16mile (1.91 km) thoroughbred horse race for three-year-oldhorses, held on the third Saturday in May each year at Pimlico Race Course in Baltimore, Maryland. Colts and Geldings carry 126 pounds (57 kg); fillies 121 lb (55 kg).

The Preakness Stake is the second and shortest leg of the Triple Crown sequence. Run after the Kentucky Derby and followed by the Belmont Stakes. Preakness Stakes is known for well over hundred years now and still counting. We can say that it is undeniably a strong tradition in horse racing today.

This year, note that the Preakness Stakes will be held on May 19 2012, Saturday at 11am. Some online sportsbook are ready and starting to take the Preakness betting odds right after the Kentucky Derby event but some are still awaiting until the Pimlico Race Course linesmaker sets the ‘morning line’ for the event before the race.

Moreover, it would be better for the bettors to look at the Kentucky Derby futures betting odds so bettor could get an idea about which horse to watch and place bet at Preakness Stakes as well.

To help you with your Preakness betting odds, you can take a glance at the updated Kentucky Derby betting odds as of today. But you should keep in mind that this odds might still change due to the betting action and as we start to move in to the main part of the prep schedule for the Triple Crown races.

Kentucky Derby Odds 2012

Alpha 10/1
Blingo 85/1
Bodemeister 20/1
Bourbon Courage 100/1
Captain Futuro 250/1
Castaway 75/1
Cozzetti 125/1
Creative Cause 10/1
Daddy Long Legs 30/1
Daddy Nose Best 25/1
Distorted Dream 175/1
Done Talking 30/1
Drill 100/1
Dullahan 30/1
El Padrino 16/1
Ever so Lucky 30/1
Exothermic 75/1
Explain 200/1
Gemologist 7/1
Golden Ticket 85/1
Guyana Star Dweej 175/1
Hansen 10/1
Heavy Breathing 125/1
Hero of Order 100/1
Holy Candy 50/1
Howe Great 75/1
I'll Have Another 14/1
Isn't He Clever 60/1
Jake Mo 100/1
Liaison 35/1
Mark Valeski 30/1
Optimizer 30/1
Paynter 100/1
Politicallycorrect 125/1
Prospective 50/1
Raconteur 150/1
Reveron 75/1
Rousing Sermon 60/1
Sabercat 40/1
Scatman 125/1
Secret Circle 15/1
Stat 150/1
Stirred Up 100/1
Summer Front 125/1
Take Charge Indy 15/1
Teeth Of The Dog 150/1
Tizawonderfullife 175/1
Trinniberg 75/1
Union Rags 4/1
Went The Day Well 20/1
Wrote 75/1
Z Dager 200/1

You will notice that the horse with the lowest odds (lowest payouts) are those Derby Contenders for this year 2012.This is not an accident. Payouts are likely smaller because there is higher chance for these horses and jockey to win the game.

Also, reviewing on the Kentucky Derby odds on the previous year can also help you predict on what horses might be listed for the Preakness Betting Odds. Keep in mind that the more date you have available, the more knowledgeable you can be when it comes to placing your bet.