With big events such as the 2024 Preakness race fast approaching, you may already be considering your strategy for betting on the winning horse. Whether you’re making predictions about the Preakness odds or another horse racing event there are several factors you ought to consider to increase your chances of picking an accurate outcome. From the breed and age of the horses to the jockey’s level of skill and experience, each factor plays an important role. Continue reading to take a closer look at what to consider when seeking to place accurate bets.

The breed of the horse

The breed of the horse is an important factor to consider when placing a bet at the Preakness races. Every breed has uniquely distinct characteristics which affect their performance on the track. For example, Thoroughbreds are a popular choice for flat racing because of their elite speed and agility. Meanwhile, Standardbreds stand a fair chance of winning in harness racing because of their natural endurance and strength.

If you do your research into the breed of the horse, you are sure to gain insight into their innate abilities, allowing you to make informed betting decisions. The Preakness race is a thoroughbred horse race so you may have to look at even more specific factors related to breeding such as the horse’s origin and lineage.

The age of the horse

Another important factor is the age of the horse. Younger horses ranging from two to three-year-olds tend to have the most potential for improvement and can surprise with out-of-the-box performances. On the other hand, older horses are more experienced and have proven track records, generally making them a safer bet when it comes to the Preakness odds. All horses in the Preakness must be three-year-olds.

Has the horse suffered any injuries?

Unsurprisingly, injuries can impact a horse’s performance on the track. If a horse has only recently recovered from an injury, they may face obstacles on the track such as being far from peak condition and no longer being used to the racing environment.

Be sure to research any recent injuries or recurring issues that may affect the horse’s Preakness odds and even their ability to compete. Avoiding horses with a history of injuries minimizes the risk of betting on an underperforming horse.

Past performances

Examining a horse’s past performances is a fundamental aspect of horse race betting. Their previous races offer insight into the horse’s consistency, speed, and ability to handle different track conditions.

Keep your eyes open for patterns and trends in their performance like consecutive wins or strong finishes. Consider also the competitions they have entered into in the past, whether those competitions are at an elite, intermediate, or amateur level. If your horse has consistently raced well in a difficult competition, their Preakness odds are likely good.

Track Bias

“Track Bias” refers to familiarity with the terrain and nature of the track at a specific racing event. In horse racing, tracks can vary significantly in terms of length, surface, and how they hold up in different weather conditions. Jockeys who are familiar with a track can leverage their track bias to gain an edge, something astute bettors may take note of.

The Preakness races are held at Pimlico Race Course, Baltimore, Maryland, U.S., so look for horse and jockey teams who are familiar with the track or similar tracks, or who are familiar with the climate conditions in Baltimore. This often overlooked factor may greatly improve your success rate when making predictions about the Preakness odds.

The skill and experience level of the jockey

It’s not all about the horse. The skill and experience of the jockey can greatly influence outcomes in horse racing. Making split-second decisions, navigating through traffic, knowing how best to position their horse for the finish, and adapting to weather conditions are all abilities that an experienced jockey will cultivate over time.

As a horse race bettor, you ought to research the jockey’s track record, including their win percentage and performance in similar races. After all, the jockey and the horse are a team, and it’s best to analyze the odds of both team members to more accurately predict the outcome of the race.

By considering these factors, you can make more accurate and successful bets on the Preakness odds. However, what’s most important on race day is enjoying the thrill and excitement of this beloved sport and historic Preakness race.