To no surprise, California Chrome opened as the morning-line favorite to win the 2014 Preakness Stakes. Horse racing, however, provides many more betting options than just who will win, and the Preakness has multiple prop bets available.
California Chrome opened as a 3/5 favorite to win the race, and he is an even heavier favorite to finish in the top three. The colt has 1/5 odds for a top-three finish, according to Odds Shark, by far the highest of the 10 horses in the field. Social Inclusion is next at 9/5. If you don't think California Chrome will run well, you can get 3/1 odds that he'll finish outside of the top three.
Although California Chrome is a popular betting pick to win the Preakness, you can take it a step further than that. He won the Derby by a healthy margin, and potential winning margin in the Preakness is another prop from Odds Shark. Winning by a neck or more comes with -130 odds, and a close victory has -110 stakes. The focus is currently on the Preakness, but that hasn't stopped some from looking ahead at a potential run for the Triple Crown. While not winning is still the heavy favorite at 1/3, California Chrome is 2/1 to win the Triple Crown. Those odds have dropped considerably since California Chrome won the Derby. Prior to that win, he was at 9/1 to win the Triple Crown, according to Odds Shark. A win in the Preakness, and the odds will drop even further.
You don't have to bet on a winner to get in on the action. Odds Shark also provided odds for head-to-head horse matchups. Bayern, who is a 10/1 favorite to win the race, is -130 to finish ahead of Ride On Curlin. A full list of prop bets can be found at Odds Shark.