How To Wager $20 On The 2023 Preakness Stakes

How artistic are you able to be with $20? Pennsylvania horse racing bettors have quite a few choices to leverage a small amount of cash in Saturday’s Preakness Stakes at Pimlico Race Course in Baltimore.

Bettors who joke about taking part in 10-cent craps in Nevada can benefit from the flexibility and protection of a number of small bets that hold horse racing enjoyable, even on a tiny bankroll. For this quantity, you’ll be able to by no means go improper.

We’re going to take a look at tips on how to unfold $20 round for betting on the Preakness, whereas having a good time.

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2023 Preakness Stakes opening odds and put up positions

Listed below are the opening odds and put up positions for the upcoming Preakness Stakes:

Preakness betting with FanDuel Racing

Benefit from the FanDuel Racing app obtainable within the Keystone State for handicapping evaluation and a examine of the betting board.

Odds don’t change into last till put up time, however gamblers can be taught projected payouts on the win and exacta traces (two distinguished wagering avenues) earlier than betting.

FanDuel Racing dramatically enhances the enjoyment of the race, the buildup and the preparation. The app is a part of a revolutionary breakthrough to assist gamblers keep away from traces and shutouts for the most important races of the yr.

Finding out how the sector dimension matches a betting technique

The 2023 Preakness Stakes is a small area of eight and Kentucky Derby-winning Mage is the one graduate of that race going right here. If he runs properly, and he ought to, unique payouts will probably be small and require exact handicapping.

Meaning the $1 exacta field with 5 horses, which paid beaucoup bucks within the Kentucky Derby, is just not the strategy right here.

Pennsylvania bettors who delegated the entire $20 to this wager made out properly within the Kentucky Derby. The combo of Mage and  Two Phil’s produced $165.22.

Final yr, Kentucky Derby bettors hit the mom lode with this wager as 80-1 bomb Wealthy Strike and favored Epicenter returned $2,050 for that $1 exacta field.

However not on the Preakness. It paid simply $12.90 final yr.

For my $20, I’ll “unfold the wealth” with a $4 win wager, a $2 exacta field, $2 cowl win wager on a longshot, a $1 superfecta key wager with three horses “underneath” Mage after which a superfecta saver, on a budget.

Motion motion, we would like motion. Listed below are five bets for $20, protecting varied spectrums of the exotics board.

High 5 methods to wager $20 on the 2023 Preakness Stakes

No. 1 – The win wager ($4)

You at all times desire a ticket on the horse crossing the end line first. Should you have been ok to foretell it, money it. On a $4 wager, Mage, at 8-5 preliminary odds. would pay slightly greater than $10, half the wager again already. Should you like a unique winner, the numbers are even higher.

No. 2 – The $2 exacta field ($4)

It gained’t pay loads however Mage and First Mission (5-2) have lots of momentum. They could be the two favorites, however this might nonetheless pay $20-$25.

An alternate suggestion is a mid-price possibility like Blazing Sevens (6-1) and Carry out (15-1) rather than both of the primary two. This combo would pay pretty properly.

No. 3 – The $2 cowl win wager on longer odds

Purple Route One (10-1) is a infamous late-runner within the slop. Rain has a 30% likelihood on Saturday. If for some purpose the monitor is listed as “slop” reasonably than “quick”, it’s ultimate for him to run late and maybe win.

Carry out rallied from double-digit lengths to win a race he was hopelessly out of in his final. Perhaps he’s nonetheless studying to run and will get forwardly positioned earlier.

In taking both of those, you’re hoping they do higher than Nationwide Treasure (4-1) and Blazing Sevens, who have been crushed in Derby preps.

In any case, you’ll be able to’t play everyone….are you able to?

No. 4 – The superfecta key ($6)

Take a horse to win the race and three horses “underneath” within the second, third and fourth slots, in any order.

The $1 superfecta on the 2022 Preakness paid $162.90, tepid in comparison with the $321,500 on the 2022 Derby, however this can be a totally different occasion. A $6 wager can nonetheless typically internet greater than $100.

A $1 tremendous with the three over the 8,6,5, for instance, would offer you two favorites in Mage and First Mission, after which two longshots in Purple Route One and Carry out. You may need a unique view about who finishes “underneath” the winner. In any case, for $6, play it. On this instance, Mage has to win.

No. 5 – A budget superfecta ‘saver’ ($4)

Look what you may get for $4. Take a $1 tremendous along with your two favourite horses within the first two slots, together with two others within the third and fourth positions. Utilizing earlier examples, it might appear like this: the three,8, with 3,8, with 5,6, with 5,6. 

It means Mage and Basic Mission must end within the first two slots, any order. Purple Route One and Carry out must end third and fourth, in both order.

Tellers can’t rapidly recite the quantity of this wager when requested as a result of it’s unconventional, as am I.

Should you take a $1 superfecta field with the identical 4 horses, that’s $24. Should you slice it excellent, possibly you get that very same payout for $4.

This instance has favorites on high. Should you like a unique combo, and it hits, it pays even higher.

Alternate approaches to Preakness betting

Some bettors, even informal gamers, might imagine their most suitable choice rests in fewer bets for more cash.

What in the event you like one horse, however are unsure about the remaining? One possibility is to place the entire $20 on him. At 8-5 odds for the favourite, that will return a $36 revenue. Or consider it as +160 in a unique sport.

One other strategy splits the bankroll into two wagers.

The primary is an $8 win wager. The second is a 50-cent superfecta key placing the winner over 4 horses. The fee is $12. That’s a great possibility right here as a result of there are solely eight entrants. 

There’s yet another wild card that can be utilized in some other combo for $20.

A $1 trifecta key, costing $6. Take any horse you want first, any horse you want second and “all.” Meaning any horse can end third.

This covers you if the 50-1 shot runs within the cash. Your high two horses should end within the actual order you have got them (i.e., 3-8-All means Mage should win, First Mission must be second and anybody may be third).

There are seemingly limitless betting patterns in a horse race. You may have enjoyable, for nearly nothing.

Discover some wagers that suit your type, take a shot and good luck!