Preakness 2012 Payout: Failure of Longshots Makes for Disappointing Payday

On the track, the Preakness was an outstanding race. On the tote board, it was a giant dud. It is always more fun when at least one surprise sneaks into the money. It sets up for a nice payday for bettors taking that horse, and a huge reward for exactas and trifectas .

The Preakness figured to be a perfect race for some nice paydays.

This field was filled with horses in the 10-1 to 25-1 odds range, and the two favorites—Bodemeister and I'll Have Another—had enough doubts surrounding them that it seemed unlikely they would finish first and second like they did at the Kentucky Derby. 

Well, that is exactly the way it played out, and it made for uninspiring payouts. 

2012 Preakness Stakes Payouts

Horse	Win	Place	Show
1. I'll Have Another	8.40	3.80	2.80
2. Bodemeister		3.20	2.80
3. Creative Cause			3.60

Payout info via Pregame.com.

The $2 exacta paid $18.60 and $1 trifecta hit for $35.40. 

Alas, these horses were favored for a reason, and often times the favorites hit. This just happened to be one of those times. 

Now it is on to the Belmont, and there is every reason to think that there will be some nice payouts.

I'll Have Another is likely going to be the overwhelming favorite, but for him to win, he will have to buck 34 years of history that says a horse cannot win the Triple Crown. 

So, don't give up on the long shots yet!