Saturday (May 19, 2012) was the running of the   137th Preakness Stakes . The race was broadcast by NBC with a post time of 6:18 PM ET, with official Preakness Stakes results and payouts announced soon after.  I'll Have Another comes in 1st by rallying to stun Bodemeister to capture the Preakness and pays $8.40 out for every $2.00 wagered.

Preakness Stakes Results 2012 (Official Payout Results) *posted once race is final and official:

$2 Daily Double 3-9 38.20 $2 Daily Double SPECIAL/PREAKNESS 8-9 45.00 $2 Exacta 9-7 18.60 $1 Superfecta 9-7-6-4 424.30 $2 Super High Five 9-7-6-4-2 3,667.60 $2 Trifecta 9-7-6 70.80 $0.50 Pick 3 5/9-3-9 (3 correct) 24.60 $0.50 Pick 4 2-5/9-3-9 (4 correct) 233.10 $0.50 Pick 5 6/7/9/10-2-5/9-3-9 (5 correct) 1,485.05

Many causal horse betters do not understand exactly how to read racing results. Basic information includes "win odds" for each horse. Typically payouts are quoted for every $2 bet. Even seconds before the race the payouts our estimates - official results that are actually paid out are only available once the race is complete. Payoffs are rounded down to the nearest dime or nickle (depending on the track). Rounding is called "breakage" - and is an advanced horse racing results topic.

To determine the precise win odds on a horse, you will require figures beyond those provided by the toteboard - specially, total win pool and amount bet on each horse. Before payout, the track takes it's "take" - typically 15%-20%. So, exact odds are calculated by subtracting the take from the pool minus amount bet horse in question divided by the amount bet by the player. (rounded off to the nearest dime or nickle).

 2012 Preakness Stakes Race - Free Handicapping Best Bets: Pregame.com Pro Marco D'Angelo and Dave Tuley from the Daily Racing Form discuss their best bets in the 2012 Preakness Stakes at Pimlico - including odds, post postions, handicapping tips, favorites, and long shots!


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