Early Preakness Thoughts

I spent my whole lunch hour today looking at the Preakness Stakes past performances and thinking about how to approach the race. As much as I looked forward to the Derby this is a far more interesting race to me.

The more I thought about this race, the more I came to the conclusion that the proper strategic approach to this is as important as trying to pick the winner. It would be very easy to pick Rachel Alexandra, Mine The Bird, or Pioneerof The Nile, and no one would fault me if I was wrong. Of course, no one would be knocking down my door to congratulate me if I was right either.

I decided that there were definitely going to be two underlaid horses in this race. The 8-5 morning line for Rachel Alexandra seems to generous. If you can get that price play it if you think she will win. She may be the best horse in the race. Yet, as we all know, the best horse doesn't always win the race, and I'm not convinced she is the best horse. More on that later.

Mine The Bird is 6-1 in the morning line. My opinion is that 6-1 is already an underlay for Mine The Bird. Mine The Bird has just run the race of his life, with the trip of his life, with the perfect rider for that trip and beat the best 3yo colts in the country. No doubt, the planets were perfectly aligned for Calvin Borel two weeks ago. Sometimes 3 year olds just "wake up" that way and stay good; sometimes its just a flash in the pan and they return to their old ways. I don't know which is the correct direction for this horse. Who know's, maybe he just had alot of pent up energy from the fabled 3 day trailer trek from New Mexico to Churchill Downs? Do they test for peyote in the Derby?

Now all you Rachel lovers are going to start hating on me, I know, but I see a few reasons why she may be a vulnerable favorite and overbet. First, and this has nothing to do with her ability, she is what Mark Cramer would refer to as the "Publicity Horse" in the race. After all the big to do about the ownership and trainer change, Calvin Borel making the historic choice to leave the Derby winner for her, the conspiracy controversy, and the mere fact that a girl is taking on the boys is enough for all the press coverage she is getting. It doesn't hurt that she just may beat the boys.

However, I have been informed from several sources that horses are creatures of habit. Rachel Alexandra had a trainer and a barn she obviously had a good relationship with. Just like that she is taken away from everything she is familiar with and handed over to different people with different habits and ways of going about the business of horse racing. Steve Asmussen is an excellent trainer, no doubt, but, seriously, how much better can he make the horse than she already is. I see only downside possibilities from this change. Maybe horses don't really mind as long as they are well fed and cared for as I'm sure she is.

Secondly, as impressive as Rachel's win in the Oaks was (you don't mind if I call her Rachel do you?), it was really nothing more than an allowance race for non winners of 2 other than maiden, claiming or starter once Justwhistlndixie dropped out. In fact, once she figured out how the game is played, no one has really challenged her. Assuming Rachel was not in the Oaks, three fourths of the Derby field would've won that race without too much trouble if not as impressively.

Rachel will not find the pickins so easy this time and how she reacts to the higher level of competition will do much to determine the outcome of the race. While the colts having been knocking heads all Winter and Spring, Rachel has had it relatively easy.

Finally, until about 1.5 weeks ago, Rachel was never intended for this or any other race today. Her next race was to be on Belmont day as I recall. Now, I'm not a trainer, but I'd lay odds that if I were planning to race two weeks after the Oaks, I would've approached the races differently than if I had not been planning to run. Will she be ready to fire her best? I won't take low odds on it.

Next time I'll tell who I like and why.