Preakness 2014: Betting Guide to Favorites and Dark Horses

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Preakness 2014: Betting Guide to Favorites and Dark Horses
Patrick Smith/Getty Images

Betting on horse racing can be a difficult task. Actually winning a wager is even more difficult. 

This Saturday's Preakness Stakes has shaped up to be a competitive field. California Chrome, the winner of the Kentucky Derby, will try to take a further step toward the history books and take the second jewel of racing's Triple Crown. While he will be a heavy favorite, there could still be some money to be made in the Preakness.

Read on for some basic betting tips and wagering strategies, with advice for the beginners and the more seasoned horseplayer. You can impress your friends with your handicapping prowess and with a little luck, even cash a ticket. 

Odds courtesy of the Official Preakness website. 

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