Preakness Odds: Assessing Long Shots with Best Value

Alex Ballentine@Ballentine_AlexFeatured ColumnistMay 18, 2013

May 2, 2013; Louisville, KY, USA; Exercise rider Taylor Cartey jogs Will Take Charge in preparation for the Kentucky Derby during morning workouts at Churchill Downs. Mandatory Credit: Jamie Rhodes-USA TODAY Sports
Jamie Rhodes-USA TODAY Sports

As the Preakness rapidly approaches, bettors will be flooding in to make their final bets before the race kicks off at 6:20 p.m. ET.

While Orb has maintained his status as the distinct race favorite, a few long shots still have the potential to outperform their current odds. Here are the latest odds from Bovada.

Post Horse Odds
1 Orb 1-1
2 Goldencents 8-1
3 Titletown Five 30-1
4 Departing 6-1
5 Mylute 5-1
6 Oxbow 15-1
7 Will Take Charge 12-1
8 Govenor Charlie 12-1
9 Itsmyluckyday 10-1

Here are the long shots that have the best chance at pushing the favorites and putting in a good performance.


Will Take Charge

Will Take Charge may not have the best odds, but Mike Smith is one of the most savvy jockeys in the sport. The 47-year-old took Bodemeister to the second-place finish at last year's Preakness and has a ton of experience on the track.

The horse took a first-place finish at the Rebel Stakes over fellow Preakness contender Oxbow, so we know that he's capable of beating horses in the field. A disappointing eighth-place finish at the Derby isn't the only indication of the kind of sprinter he is.

With Smith's experience and Will Take Charge's sprinting ability, 12-1 odds should be tempting for anyone looking to make last-minute picks.


Govenor Charlie

Also coming in with 12-1 odds is Govenor Charlie.

This colt doesn't have the big-time experience of some of the other horses in the field, but that only increases his value. The fact that he hasn't run against the best competition keeps his odds high but also means that he should be in prime condition to run his best race.

He has the pedigree to contend, too. He, like Mylute, was sired by Midnight Lute.

As evidenced by his record-setting run at the Sunland Derby where he ran a 1:47.54 time on the 1-1/8 mile track, Govenor Charlie has the speed to surprise a lot of people at Pimlico.