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Triple Crown Betting Odds

The 2022 Triple Crown kicked off on Saturday, May 7, with the first of the three legs, the Kentucky Derby at Churchill Downs.

What transpired will now go down in the history books, as the 80/1 outsider of the field, Rich Strike, came from near last to first to mow down first and second favorites Zandon and Epicenter in the deep stretch.

The race saw an electrifying first half-mile in under 45.36 seconds and many horses were struggling to go with the early speed set by Summer Is Tomorrow, Crown Pride and Messier.

The two favorites sat just behind the frenzied early speed, both stalking and waiting to play their cards as they entered the straight.

New to Triple Crown betting? Joe Fortenbaugh can help you out with his Triple Crown guide.

Meanwhile, the outsider Rich Strike sat out the back, seemingly unable to go with the early speed and looking exactly the type of horse his +8000 odds said he should be.

However, turning off the far turn, Sonny Leon (Rich Strike’s jockey) started to close and weaved a path, first going right, then through a gap and then going left to the rail where he took off on what was one of the greatest closing stretch runs ever seen in Kentucky Derby history.

The rest is now history, as he mowed down Epicenter and Zandon late on with Simplification in fourth and the unlucky Mo Donegal in fifth.

The day after the race, trainer Eric Reed made it clear in speaking to the media that the horse would now be aimed at the Triple Crown (Kentucky Derby, Preakness Stakes and Belmont Stakes triple), a feat only achieved by 13 horses in 148 years.

Triple Crown Betting Favorites: Rich Strike’s Preakness Stakes Odds

Preakness Stakes Odds
Rich Strike+500
Mo Donegal+1200
Barber Road+1600
Smile Happy+1600
White Abarrio+1600
Un Ojo+1600

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Rich Strike is now a +500 (5/1) shot to win the Preakness and this will be his toughest task of the three legs.

He clearly needs a fast pace to run into and this shorter distance plays against him more so than the third leg of the Triple Crown, the Belmont Stakes, which is run over 1½ miles.

Can Rich Strike Win The Triple Crown?

The odds are against the Eric Reed-trained colt as he needs to run and win three races in a period of six weeks. That’s a tough task for any horse, let alone one competing against what many people believe to be the best group of three-year-olds in many years.

See Odds Shark’s Best Kentucky Derby Sites

At his post-race press session the day after the race, Reed made a really interesting point that bettors should be aware of. He is a patient trainer and has given the colt plenty of time to mature. He also made it clear that he generally likes to give his horses five weeks between races, something he does not have the luxury of doing here.

Therefore, there has to be a question mark about whether the horse can handle this heavy training and racing schedule over the next six weeks. Horseplayers need to take this into consideration when placing their wagers on Rich Strike to win the Triple Crown.

On a side note, jockey Sonny Leon said that he thought the race had made a man of the horse and feels he really has the will to win. 

Triple Crown Races

The Triple Crown is one of the most iconic titles in U.S. sports with horses having to win three races – the Kentucky Derby, the Preakness Stakes and the Belmont Stakes

Only 13 horses have ever won the Triple Crown with the first of those being Sir Barton in 1919 and the last of them to conquer the task being Justify in 2018. It just goes to show how difficult it is to win.

However, this season’s crop of three-year-olds has to be one of the best we have seen in many years and we could possibly see a Triple Crown winner this season.

As we mentioned, there are three races that make up the Triple Crown.

The Kentucky Derby

The Run for the Roses, also known in sporting circles as “the most exciting two minutes in sport.” The Kentucky Derby is run at Churchill Downs over a distance of 1¼ miles.

The Preakness Stakes

The second leg of the Triple Crown is the shortest of the three legs and tests out speed over a distance of 1 3/16 miles.

The Preakness Stakes is run at the famous Pimlico racecourse in Baltimore, Maryland.

The Belmont Stakes

The third and final leg of the Triple Crown is the longest of the three legs and focuses on stamina, being run over a distance of 1½ miles.

The Belmont Stakes is run at Belmont Park in Elmont, New York.

Why Is The Triple Crown So Hard To Win?

The Triple Crown is a true test of a racehorse, as you are running over a variety of distances on different racetracks and surfaces and you are traveling a horse nearly 1,000 miles between the three venues.

The most difficult thing about winning the Triple Crown is that the three races all take place within a six-week period, which means a horse needs to be strong both mentally and physically. This is why we have only seen 13 winners in over 100 years.

How To Bet On The Triple Crown

As we get close to the Preakness Stakes, we’ll see the sportsbooks and racebooks offering prices on Rich Strike to win the next two legs and make a clean sweep. That would make him only the 14th horse to manage the feat.

Horseplayers still have a couple of weeks to place their bets on both the Preakness Stakes and the Triple Crown.

Triple Crown Betting FAQ

What is the Triple Crown?

The Triple Crown is a title awarded to a three-year-old thoroughbred horse who wins the Kentucky Derby race, the Preakness Stakes race and the Belmont Stakes race. These three horse races were inaugurated in different years, the last being the Kentucky Derby in 1875. Only 13 horses have ever won the Triple Crown of thoroughbred racing.

Can I bet on the Triple Crown?

Yes, you can bet on the Triple Crown winner. You would be wagering on a horse to win not only the Kentucky Derby, but the Preakness Stakes and the Belmont Stakes as well. You can bet on a horse to win all three of those horse racing events or you can bet on each horse race separately.

Who was the last Triple Crown winner?

Justify was the last three-year-old thoroughbred to win the Triple Crown in 2018, and won it fairly easily. The first horse to win the Kentucky Derby, Preakness Stakes and Belmont Stakes was Sir Barton in 1919. Bob Baffert was the trainer for both Justify and American Pharoah, who also won the Triple Crown in 2015.