Investing in the Preakness: If you like horse racing, and I look  for every opportunity to like horse racing, these are dark days.  So enjoy the Preakness.   After our post-basketball writing vacation, we’ll be back here next week covering a myriad of events in the wagering world.   Those topics will include the sorry state of the former Sports of Kings.  

The Preakness, which has a compelling narrative, is a rare bright day in the horse racing world.  Rachel Alexandra is a great story.  Sure, she beat nothing in the Kentucky Oaks, but she was also asked for nothing.  And it isn’t as though these 3-year old colts are a deep group.   So Rachel Alexandra can win.  But at 6-5 or even money?  Not with a filly facing a ton of pace pressure in a full field of colts.   She may win.  But the narrative and the story line will create very short odds on the filly, which suggests a contrarian look elsewhere. 

Enjoy the Preakness.