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Bet against Preakness favorites at your own risk
BALTIMORE – For whatever reason, the Preakness long has been the most formful of the three Triple Crown events, with 72 winning favorites from 142 runnings (there were two divisions in 1918), for a strike rate of 50.7 percent.
By contrast, 51 of 143 favorites (35.7 percent) have won the Kentucky Derby, and 56 of the 133 known favorites (statistics are incomplete), or 42.1 percent, have won the Belmont.
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Further illustrating this angle: The longest-priced winner in Preakness history was 23-1 (Master Derby, 1975), vs. 91-1 for the Derby (Donerail, 1913) and 70-1 for the Belmont (Sarava, 2002).