Preakness 2012 Post Time – Late Betting Action May Reveal Top Contenders

By Author: Lee Lane-Edgar
Total Articles: 365
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Is it too early to be thinking about the 2012 Preakness? Of course not, it is never too early. The 136th Preakness post time was 3:16 Pacific, and they were off at 3:21 Pacific. The post time for 2012 Preakness should be similar at a similar time and the horses are generally off within five minutes of post time.
Wagering is a part of the race that the television broadcast rarely emphasizes, except with the mention of the current odds.
Big bettors are often doing their last minute handicapping. Some of them like to place their big bets early, others watch the odds on the horses, like watching the prices of stocks, waiting to buy if the price reaches a certain level.
Don’t forget about the trainers and jockeys, who may themselves place a few bucks on a horse. Yes, it is allowed for trainers, jockeys, and owners to place bets on their horses, provided that the bet is a WIN bet and secondly, the bet is on THEIR horse. Even the official race callers are known to place bets from time to time.
Hall of Fame trainer Bob Baffert was so confident that his charge War Emblem was going to win the 2002 Kentucky ...
... Derby that he told ESPN reporter Kenny Mayne that he had placed $500 to win on him, and that it was the first time he had placed money on a Derby horse he had entered since Real Quiet in 1998. War Emblem went off at 20-1 and Baffert collected $10,000 in profit. Baffert mentioned that he had passed the tip along to rapper P. Diddy or Puff Daddy or whatever he was calling himself at that time, and that he had placed a considerable sum on War Emblem, but never received so much as a thank you from the rapper.
I once was at a simulcast facility getting ready to watch the simulcast of the 2004 Preakness Stakes. By the time the horses were beginning to be loaded into the starting gate, all of the bettors have now receded from the betting stations that just a few minutes prior would have been difficult to find one without a long line of people waiting to get their last minute bets in. You would think that the time for cancelling a bet was long past and that everyone that had made their decision would be sticking to it. As the field loaded, Rock Hard Ten balked at entering the starting gate, delaying the race by a few minutes, and an elderly asian man a few feet away from me decided that that was enough to sway him away from the horse, and he quickly rushed over to the betting terminal to void his ticket. Turns out it was the right decision – Smarty Jones romped by 11 lengths.
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