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Kentucky Derby winner has settled into the barn at Pimlico and has gone through his gallops the last couple of weeks. Now all Mage must do is run in the 2023 Preakness Stakes. The race happens at 6:50 pm ET on Saturday.

Check out final updated Preakness Stakes racing lines along with an odds analysis.

2023 Preakness Stakes Final Updated Odds | MyBookie Horse Betting Preview

When: Saturday, May 20, 2023 at 6:50 pm ET
Where: Pimlico Racecourse, Baltimore, MD
TV/Streaming: NBC/Peacock

Why Haven’t the Odds Changed for the Preakness Stakes?

In horse racing, odds change according to money bet on each horse. When it comes to something like the Kentucky Derby, bettors don’t mind wagering early because in a 19 to 20 horse field, odds won’t change much.

Because there are only eight horses in this year’s Preakness, horseplayers are waiting to see how the odds will shake out on Saturday. Horseplayers are worried that if you go with a pony like National Treasure, the Baffert runner might go off at lower odds then intended.

In that case, horseplayers may have to scramble and switch their bet to a runner like Mage or First Mission. Most bettors are taking a wait and see approach. Then, they will pull the trigger about 20 minutes before the Preakness on the horse they like that offers the best odds.  

Which Horse Will Be the Chalk Right Before the Gates Open?

Mage should be the chalk before they break from the gate. But it’s no guarantee. Winning the Preakness two weeks after a grueling like the Derby is tough.

First Mission has had a nice three week break between the Grade 3 Lexington and the Preakness. Brad Cox is a master trainer. He might be the best in the country right now, which is another reason a lot of money is going to land on First Mission.

Then there’s the Baffert factor. Bob Baffert took back training duties from Tim Yakteen after National Treasure finished fourth in the Santa Anita Derby.

Only Mage appears capable of sticking with National Tressure early. So if horseplayers believe Javier Castellano pulls Mage off the pace in the Preakness, like he did in the Florida Derby and the Kentucky Derby, those horseplayers could bet National Treasure believing he’s lone speed.

Which Horse Projects as the Wise Guy Choice to Win the Preakness Stakes?

Action should land on two wise guy choices. First Mission has a chance to go off the chalk. The Godolphin owned runner races for trainer Brad Cox and is the best bred runner in the field.

National Treasure will also attract action. The Baffert factor is a real thing. Some horseplayers bet any runner Bob sends to the track blind, meaning they don’t even look at a racing form.

What are the Final Odds Prediction for Every Entrant in the 2023 Preakness?

There’s a rumor that First Mission may scratch from the race. If that happens, Mage will go off at even money. We are going to assume that First Mission does scratch.

Check out our Preakness Stakes predictions.

• National Treasure +250
• Chase the Chaos +3000
• Mage +100
• Coffeewithchris +1600
• Red Route One +600
• Perform +800
• Blazing Sevens +400

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