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Preakness Stakes 2012 Betting Guide: Bodemeister Still The Favorite

The second leg of the Triple Crown, The Preakness Stakes, takes place this weekend. Almost as exciting as the race itself if the betting scene that comes with horse racing. Matt Gardner of SB Nation has written a primer for SB Nation, with all the information you need to wager on a horse.

WIN: A bet on a horse to win (if you don't know this you probably shouldn't be betting)
PLACE: A bet on a horse to finish either 1st or 2nd.
SHOW: A bet on a horse to finish 1st, 2nd or 3rd.

EXACTA: A bet picking the 1st and 2nd place finishers in a race.
TRIFECTA: A bet picking the 1st, 2nd and 3rd place finishers in a race.
SUPERFECTA: A bet picking the 1st, 2nd, 3rd, and 4th place finishers in a race.
DAILY DOUBLE: A bet picking the winners of two races, usually two consecutive races.
PICK 3: A bet picking the winners of three consecutive races.
PICK 4: A bet picking the winners of four consecutive races.
PICK 5: A bet picking the winners of five consecutive races.
PICK 6: A bet picking the winners of six consecutive races.

Bodemeister is currently the favorite, at 8-5, while the winner of the Kentucky Derby, I'll Have Another, not far behind at 5-2.

For all the Preakness coverage you need, please be sure to stay on this StoryStream and check out our blog And Down The Stretch They Come.