Go to the front page
   about | contact | explanatory notes previews | reviews | articles | newsletters   
Signing in is not required at Globeform.com. However, by registering as a Globeform user, you will receive important news and information for big meetings and races in Globeform's Newsletters, and be able to purchase access to premium content.

Membership is free of charge, so sign up now!

  Username

  Password


Is your membership activated? If not, please refer to the activation email you received when signing up, or contact us for assistance.

Lost your login details? Click here to recover your membership!

Editorial

  FRONT PAGE

Globeform Specials

  KyDerbyWeekend

  
Dubai W'Cup 13
  
B Cup 2012
  
Belmont Day 12
  
KyDerby 2012
  
Dubai W'Cup '12

  
B'Cup 2011
  
Champions Day
  
Royal Ascot
  
KyDerby 2011
  
Dubai W'Cup 11
  
B'Cup 2010
  
Arc Special 2010
  
July Meeting
  
Racing Manual

  
Royal Ascot
  
GF Ascot Guide
  
Belmont/Epsom
  
Preakness Day
  
KyDerbySpecial
  
Horses2Follow

  
Dubai W'Cup 10

  
Hong Kong Int 09
  
Breeders' Cup 09
  
Royal Ascot 09
  
Belmont/Epsom
  
Preakness Day
  
Ky Derby W'end

  
D W Cup 09
  
Super Thursday
  
DIRC 2009

  
Big 'Cap day 09

  
Hong Kong Int 08
  
Breeders' Cup 08
  
Royal Ascot 08
  
Kent Derby 08
  
50 To Follow 08
  
D W Cup 08

  
Globeform 2007
  
US Juveniles 07
  
Euro Juveniles 07
  
Hong Kong Int 07
  
B Cup Special 07
  
Arc Weekend 07
  
Million Day 07
  
Royal Ascot 07
  
Belmont Day 07
  
Derby W'end 07
  
US T' Crown 07
  
Ky Dy/Guineas 07
  
D W Cup 07
  
Santa Anita Spring
  
Gulfstream Spring

  
Hong Kong Int 06
  
Breeders' Cup 06
  
BC Countdown 06
  
Arc Weekend 06
  
Stats(locked)
  Royal Ascot 06
  
Derby W'end 06
  
US T' Crown 06
  
Ky Dy Week 06
  
D W Cup 06

Breeders' Cup
Japan Racing Association
The Hong Kong Jockey Club
Cox Plate
Dubai World Cup

When we get to Pimlico, money talks
by Geir Stabell / Globeform
Printer-friendly version

Isn’t it wonderful. When we get to the Preakness Stakes, and fancy a bet on the second leg of the Triple Crown, we already know which is the best 3-year-old colt around.

Presumably it is the winner of the Kentucky Derby. Also, if we want to play with ’stats’ we can focus on just seven runnings – and it gives us the whole picture of this century... Well, don’t take this too seriously.

There are other keys to solving the Preakness, and they may get you better results. One is quite simple; follow the money. Whereas Fusaichi Pegasus and Street Sense are the only favorites to win at Churchill Downs over the past ten years, no fewer than five favorites have obliged at Pimlico over the same period. Barbaro could well have been a sixth.

Overall, favorites in thoroughbred horseraces typically have a 30% strike rate. Although Grade One races have a higher percentage of winning favorites, it seems that, even though it is not ’always’ the Derby winner that comes out best in the Preakness, the betting is an incredibly good pointer in this race.

The five winning favorites have actually come within the last six runnings, from Point Given in 2001, to Afleet Alex two years ago – with the five win streak assisted by War Emblem, Funny Cide and Smarty Jones. There are many factors that affect this picture; that tells us clearly how favorites do better in the Preakness than in the Derby. Firstly, the Derby reveals who’s top class and who’s not. Secondly, it nearly always has a much bigger field. There are two other factors though, that I believe to be equally important.

On Derby day, the pools are heaviily influenced by millions of ’amateur bettors’. Much more so than on Preakness day. These folks, who tune into racing once a year, and have a $2 win bet – or even share one with a friend, do not bet the experts’ favorites. And why should they? Together, these once-a-year fans combine for a massive slice of the win pool. The other factor, which makes the Preakness easier to predict than the Derby, is the distance. It may be only half a furlong shorter than the Derby, but that, and the facts that Pimlico is not quite as testing and that the pace is normally more sensible, makes a big, big difference. It means that a horse can win it without having abundance of stamina. So what? So, what I am trying to say is that the race is much more resembling all the 8.5- and 9-furlong preps we have studies through the winter and early spring.

The Derby preps can be more likely to tell us who’s in with a shot at the Preakness, than the Derby. Therefore, when planning your Preakness bets, do not forget those ’Derby’ preps. And bear in mind that the majoriity of the money bet on the favorite on the board at Pimlico has been backed for a good, professional reason. That is seldom the case in the Derby – although this year, in fact it was.


”THE MAJORITY IS NEVER RIGHT”

Winston Churchill, a keen racing man and racehorse owner, once said: ”The majority is never right!”. Don’t know quite how he came up with that famous line. It could have been when some of his party members voted against having half a bottle of malt whisky each for starters. Though, on second thoughts, it could – perhaps – also have been words he put together after seeing a few runnings of the Kentucky Derby and how badly the favorites fared.


EASY WAY TO MAKE MONEY

If you had bet $100 on the last ten favorites up to this year’s Derby, you would have suffered a loss of $770. If you had $100 bet on the last ten favorites in the Preakness, you would have a profit of $470. That may not sound great either, but believe you me; If you go up to a professional horseplayer, tell him you know nothing about horses, you do not spend even a minute studying the form before each bet, yet you have been able to make a 47% profit from just placing ten concecutive win bets... well, he would probably tell you not to ’mix medication’ or something like that. Or, he might ask you to come to a quiet table in the third floor bar, and buy you a drink in hope that you would reveal the secret. It is no secret. When it comes to the Preakness, it’s all there in black and white in the history books.

The betting can get it totally wrong as well in the second leg of the Triple Crown of course. As was the case in 1999, when the Wayne Lukas trained Derby shocker Charismatic was over 8-1 at Pimlico. Where he beat Menifee, just as he had at done a Churchill. Menifee was the 2-1 favorite, and in third came Badge, at a whopping 58-1. Such big priced horses do not hit the board as often here, as they do in the Derby, but it can happen.

Two years ago, the betting public went heavily againt another Derby winner, namely Giacomo, when he came to Pimlico. He went off at 6-1, and this time they were right. He could only manage third, behind Afleet Alex (fav.) and Scrappy T. Six years ago, Point Given, who had been well beaten behind Monarchos in the Run for The Roses, just edged Monarchos out for favoritism at Pimlico. Money talks, they say, and it proved correct again; Point Given won and Monarchos was only sixth.

Last year is one to exclude from our stats, after the sad injury to Barbaro. If you take that race out, your total payouts on those $100 bets would actually be $1470 from $900 – making a 63% profit! Well, Bernardini looked good last year but nobody knows what would have happened if Barbaro had not broken a leg. It was a terrible, terrible day for racing – but do not forget that injuries are unavoidable, in any sport. He was 1-2 favorite, by the way, and Bernardini paid 13-1. Because of Barbaro’s high profile, Bernardini was a tremendous ”each way” bet in England (win & show), and a similar scenario can develop this week. You can back Curlin at 5-1, way shorter than Bernardini, but at each-way it still looks like a bet to nothing. It is hard to imagine Curlin out of the first three, and collecting on the ’show part’ of the bet covers the win bet.

It seems that, when the majority of the win money is bet on the Derby winner in the Preakness, he wins the race, and when the money goes against him he loses. Smarty Jones, Funny Cide and War Emblem were all favorites when adding the Preakness to their even more prestigious Derby win. The early odds for this year’s Preakness show Street Sense at even money, and it is virtually guaranteed that he will start favorite. If he doesn't, do beware.


SEEMS WE ARE LEARNING

One final thought. It may be a concidence, but the betting public appear to have improved their understanding of the Preakness over the past ten years. Silver Charm (1997), Real Quiet (1998) and the aforementioned Charismatic (1999) were all opposed in the Preakness betting, and thus not favorites, despite all three having won the Derby. They all won at Pimlico. And now, over the past five runnings, three Derby winners have been made favorite at Pimlico. All three won.

We, the horseplaying men and women, have learnt how to play the Preakness. When it comes to the Derby, we are still, or at least most of us, fumbling in the dark. Could it have something to do with those Mint Juleps or is it simply a matter of a determination – also among horseplayers – to succeed in the end?

In reply to that quetion, we can borrrow a few more words from Winston Churchill’s verbal arsenal:

”Success is the ability to go from one failure to another with no loss of enthusiasm.”


And in that spirit, seven or eight horses will line up against Street Sense in the Preakness. Good luck to them all!

GEIR STABELL





Last update: 2007-05-13 08:29:38 (First published: 2007-05-13 08:10:26 )

If you are not already a Globeform Member, sign up for a membership! If you encounter any problems, please contact us for for assistance.


PayPal
Stefano Grasso - Real Time Images


Copyright (c) Globeform, 2001-2012