2016 Preakness Stakes: Nyquist odds-on favorite again despite $80K Stradivari bet

Kentucky Derby winner Nyquist has won all eight races it has competed in. That's why when the morning line odds were set earlier in the week, the J. Paul Reddam-owned horse was made the betting favorite to win the Preakness at 3-5, followed by Exaggerator at 3-1 and Stradivari at 8-1.

Well, thanks to a huge bet, oddsmakers have moved the line on all three horses.

That's right, Stradivari, who did not run in the Kentucky Derby is your new favorite to win the featured race at Pimlico. According to Forbes.com, an $80,000 bet pushed Stradivari ahead of Nyquist and Exaggerator in the odds to win.

Stradivari is a fairly unknown horse, with just three races under its belt. But, the 3-year-old colt has won its last two races in fairly decisive fashion.

The odds have calmed a bit, but still favor the horse in the 11th post.

Since the bet was posted, odds have continued to move down and Stradivari is back up to 7-1. Nyquist is once again the betting favorite at 3-5 with Exaggerator at 3-1.

It is worth noting that the weather is calling for a decent chance of rain just before post time in Baltimore. That could change how the jockeys and trainers plan to attack this 9.5 furlong track.

Here are the latest odds for each horse at the Preakness.

141st Preakness Stakes Odds
1. Cherry Wine 17-1
2. Uncle Lino 35-1
3. Nyquist 3-5
4. Awesome Speed 45-1
5. Exaggerator 3-1
6. Lani 25-1
7. Collected 16-1
8. Laoban 80-1
9. Abiding Star 40-1
10. Fellowship 60-1
11. Stradivari 7-1
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