We’re still a few hours away from the race and plenty can change, but here are odds we’ll be updating throughout the day. Wagering on horse racing is different than traditional sports betting, where you’re up against a sportsbook or the “house” — this is parimutuel, so betting action by the players determines the actual prices, not an oddsmaker. The bettor is playing against his fellow bettors.
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American Pharoah dropped from 4-5 to even money about three hours before the race. Dortmund was around 7-1 this morning but has been bet down to 5-1. Keep an eye on the weather in our live blog, because that could cause a shift in the odds if a flood of money enters the market based on track conditions.
Preakness odds (updated 6:18 p.m.)
Post, horse, morning line, current
American Pharoah | 4-5 | 4-5
Dortmund | 7-2 | 4-1
Mr. Z | 20-1 | 16-1
Danzig Moon | 15-1 | 13-1
Tale of Verve | 30-1 | 25-1
6. Bodhisattva | 20-1 | 25-1
Divining Rod | 12-1 | 12-1
Firing Line | 4-1 | 3-1
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