Mage Payout Odds of Winning the Preakness Stakes Now -140

Submitted by Dan Shapiro on

Written by :

Dan Shapiro

Published on :

Mage Payout Odds of Winning the Preakness Stakes Likely Between 5-2 and 4-1

Mage, the winning Kentucky Derby horse, was initially expected to pay out between 5-2 and 4-1 odds in this year's Preakness contingent upon whether the early Derby favorite Forte raced or not.  Forte was scratched once again and by Friday, Mage was the -140 odds-on favorite to win.  He would pay out $850 for the Triple Crown victory.

9percentA.png

Mage is owned by a consortium of just under 400 individuals.  One of the main co-owners is Miami Beach resident Ramiro Restrepo.

“If my guy is feeling the way he’s feeling, then on to Baltimore and crab cakes we go,” he told the Baltimore Sun following Mage's long shot win.  He was listed at 15-1 odds and our own Payton O'Brien received a nice payout on him.

“Once you start forcing things against the path that it’s supposed to be on, that’s when things don’t go according to plan,” Restrepo said. “Obviously, whose dream isn’t to chase the Triple Crown, right? … But in the end, Mage has to want the Triple Crown. So if he comes out of the race as he appears to us here, then I know [Delgado] is going to want to go to the Preakness, and all the partners are going to want to go, too, but it’s never going to be at the expense of the horse.”

“If Forte runs, you may see Mage in the 3-1 to 4-1 range,” Johnny Avello, director of race and sportsbook operations for DraftKings, tells GamblingToday, “and if he doesn’t, you might see him in the neighborhood of 5-2. I mean, who else is out there for him to go against now?”

“The reason Mage was a high price for the Kentucky Derby is that he had been lightly raced. You know, these 3-year-olds are improving all the time.

“This is an excellent effort for him.”

- Dan Shapiro, Gambling911.com

Related Content

Top Gambling News Stories for Friday October 16, 2026

Top Gambling News Stories for Friday October 16, 2026

Top Trending: Peachy the Flamingo Theft Trial - Katie Zacharia Exit Odds - Rays-Guardians Weather - Cedar Crossing Casino - Heerenveen v Excelsior - Burnley v Wolves - Shane Hennen - NBA Parlay Restrictions
Milwaukee Brewers World Series Line vs. Cleveland Guardians Now Available for Betting

Milwaukee Brewers World Series Line vs. Cleveland Guardians Now Available for Betting

The Brewers are actually a higher priced favorite to win the World Series versus the Cleveland Guardians (-190) than they are against the Tampa Bay Rays (-135).
How Prediction Markets Differ From Traditional Sportsbooks

How Prediction Markets Differ From Traditional Sportsbooks

Prediction markets have moved from the fringes of finance into the mainstream of how people wager on events, from elections to sporting outcomes. They look superficially like sportsbooks, but the mechanics underneath are fundamentally different....
Two Months In: More Choice, Stronger Safeguards, and a New Era for Alberta iGaming

Two Months In: More Choice, Stronger Safeguards, and a New Era for Alberta iGaming

Residents of Alberta can now access a growing selection of provincially approved casino and sports betting brands rather than relying primarily on PlayAlberta or gambling sites operating outside the local regulatory framework.