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There is only one horse that can now win the 2014 Triple Crown. After becoming the first California thoroughbred to win the Kentucky Derby in more than 50 years, the expectations for California Chrome to win the remaining two races are sky high.
California Chrome did exactly as he was predicted to heading into the 140th Run for the Roses. The horse entered as a 2/1 favorite to capture the title, and won easily by several lengths. Afterward, trainer Art Sherman said that California Chrome could have won by an even larger margin, but jockey Victor Espinoza let up on the gas down the home stretch after it was clear they were going to win.
A horse like California Chrome winning does wonders for the upcoming two Triple Crown races left on the schedule. First up will be the Preakness later this month, follow by the Belmont. If California Chrome were to win the Preakness, the interest in the Belmont would increase tenfold.
That is the exact outcome that those promoting the Triple Crown races are hoping for. Even without the odds being released for the full field at the Preakness, we know that California Chrome will be the favorite. The only variable is what the payout will be come post time.
However, there are already California Chrome Triple Crown odds formed at Bovada Sportsbook. There are a pair of betting lines covered. The first asks whether or not California Chrome will win the Triple Crown. The second asks if the thoroughbred will win the Preakness, and have a shot to win the Triple Crown.
Entering the Kentucky Derby, the odds on California Chrome to win the Triple Crown was set at 9/1. With the victory, those odds have gone all the way down to 2/1, which was the payout for California Chrome to win the Kentucky Derby by itself.
A wager on California Chrome to win the Preakness is paying out at less than even money. Bovada has this one pegged at -160 ($1.60 wagered wins $1). A wager on California Chrome not winning the Preakness is paying out +120 ($1 wins $1.20).
We will see California Chrome next on Saturday, May 17th at Pimlico in Baltimore for the running of the 139th Preakness Stakes. The post position draw for the second leg of the Triple Crown will be held on Wednesday, May 14. The Preakness field is not as large as the Kentucky Derby field, which means that the post draw is not as critical. A thoroughbred can get an inside position and still be able to navigate a clear path with less clutter.
Below, LatestBettingOdds.com has both of the betting lines discussed, listed courtesy of Bovada. These odds will be up for the next couple of weeks. Also, be on the lookout for full field Preakness odds.