We are just a little over a week away from the 2018 Preakness Stakes. For those of you who don’t know, it’s held at Pimlico Race Course in Baltimore, Maryland. The actual race itself is schedule for 6:18 EST on Saturday, May 19.

While the Kentucky Derby is capped at 20 horses, only 14 spots are made available for the Preakness. Were not going to reach the limit this year. As of today there are only 13 horses that currently have betting lines to win the race.

The top two from the Derby will be in action, as Justify and Good Magic are both making the trip. Overall, there’s six horses that raced at Churchill Downs who currently have odds.

There are several new faces in the field that didn’t participate in the Derby. According to the oddsmakers the two biggest threats are Diamond King (14/1) and Quip (16/1). Note that only 4 times since 1983 has a horse won the Preakness after skipping the first leg of the Triple Crown, though it did just happen last year with Cloud Computing.

If you are looking for some expert advice, be sure to check out my Preakness Stakes predictions. I’ll be releasing my win/place/show picks soon.

In the mean time, check out my quick breakdown of the top contenders. I’ve also put together a betting guide and will be updating our Preakness payouts page at the conclusion of the race.

Vegas Odds on Favorites to Win the 2018 Preakness Stakes

Justify (2/5)

After a dominant performance at Churchill Downs to secure the Kentucky Derby, it should come as no surprise that Justify is the overwhelming favorite at Pimlico and move one step closer to winning the Triple Crown. Justify broke well out of the gate and was right behind pace-setter Promises Fulfilled for a good three-quarters of a mile. As expected, the derby favorite kicked it into another gear for the final stretch run, overtaking Promises Fulfilled and holding off a couple of late charges by Good Magic and Bolt d’Oro to win by 2 1/2 lengths.

Justify improved his perfect record to 4-0 and also defied history in the process. Justify became the first horse since Apollo way back in 1882 to win the Derby without racing as a two-year-old. That’s not only an impressive feat, but it also suggests that there’s even more room for this horse to grow.

It’s hard to see him not winning here with a smaller field and shorter distance. That’s not to say it’s all roses for Justify. He did have to receive some treatment following the derby for a bruised heel, but trainer Bob Baffert doesn’t think it will keep him from racing at the Preakness.

Good Magic (7/2)

Given what we saw at the Derby, I don’t think there’s any question that Good Magic is the biggest threat to Justify. With that said, it’s never easy taking a horse to beat a horse it just lost to by 2 1/2 lengths. The biggest thing that could help Good Magic is the shorter distance, which just might be enough to allow him to edge out the favorite.

You also can’t rule out that bruised heel for Justify being a bigger concern than what is being led on. If he’s not at 100%, there’s every reason to believe Good Magic can get his revenge here at Pimlico.

Bolt d’Oro (10/1)

I get why Bolt D’Oro has the third best odds. Horses that ran in the Derby and showed well are going to get more love from the books than a horse that didn’t place well or didn’t run in the race. The thing is, I just don’t know how you can be confident backing this horse to overtake both Justify and Good Magic.

Keep in mind that while Bolt d’Oro was near the lead on the final turn, he completely ran out of gas and ended up finishing 12th. I would much rather take a shot on someone like Bravazo, who finished 6th at 50 to 1 or even one of the new contenders.

Updated List of Current Betting Odds for Each Horse in the Field

Good Magic7/2
Bolt d’Oro10/1
Diamond King14/1
Sporting Chance22/1
Lone Sailor25/1
Noble Indy33/1
Pony Up33/1