The 134th running of the Preakness Stakes is set to run today from the Pimlico Race Course in Baltimore, Maryland and oddsmakers have made Rachael Alexandra an 8/5 favorite to win this year.

Bet The 2009 Preakness

Oddsmakers from online sports book SPORTSBETTING have made Rachael Alexandra an 8/5 favorite. The 3-year old filly turned heads at Churchill Downs after smoking the competition in the Kentucky Oaks and bettors and horse racing enthusiasts alike can’t wait to see her run at Pimlico.

The main competition for favorite Rachael Alexandra will be Kentucky Derby winner Mine That Bird, who has 6/1 odds to win, and Kentucky Derby runner up Pioneerof The Nile, who has 5/1 odds to win. Some bettors also like Friesan Fire (8/1) to bounce back, while Kentucky Derby third-place finisher Musket Man (10/1) is also a threat.

The race tack at Pimlico is considered to be fast, which certainly favors Rachael Alexandra, Pioneerof The Nile, Friesan Fire and Big Drama (9/1) – four of the fastest horses in this race. But there’s a chance of rain tonight around post time, which could play a huge factor in how well the fast horses do.

Bad conditions affected the track at Churchill Downs, which evened out the action and allowed 50/1 long shot Mine That Bird to capture the Kentucky Derby. If track conditions are slow once more, maybe Mine That Bird will serve up a repeat performance. (Although he’ll have to do so without the jockey who rode him in the Kentucky Derby, as Calvin Borel has jumped ship and will ride favorite Rachael Alexandra today.)

Television broadcast of the 2009 Preakness can be seen on NBC Sports starting at 5:00 p.m. ET. Post Time for today’s race will be at approximately 6:05 p.m. ET. For more information on today’s race, be sure to check out our 2009 Preakness Stakes Viewing Guide.

2009 Preakness Stakes Odds – Saturday, May 16 – Pimlico Race Course – Baltimore, Maryland

Big Drama 9/1

Flying Private 50/1

Friesan Fire 8/1

General Quarters 22/1

Luv Gov 45/1

Mine That Bird 6/1

Musket Man 10/1

Papa Clem 10/1

Pioneerof The Nile 5/1

Rachel Alexandra 8/5

Take The Points 25/1

Terrain 30/1

Tone It Down 42/1

Bet The 2009 Preakness

Posted: 5/16/09 11:00AM ET