Preakness Stakes Betting Odds: Seize the Grey's Co-Owners United For Pimlico
While sifting through Preakness Stakes odds, you'll find Seize the Grey's morning-line price tag near the bottom of the board. There is no mistaking he's a longshot to win the second leg of the Triple Crown. However, the oddity behind his Preakness hopes lies within the many who own a stake in his potential success.
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Preakness odds: seize the grey's unique ownership
Generally speaking, a contestant in a Triple Crown event has a majority owner — with 50% or more stake in the horse. Sometimes, there's just one owner for a horse of this caliber. Take Mystik Dan, the Derby winner and Preakness favorite. A trio of co-owners, including Lance Gasaway, are invested in the three-year-old colt.
Nevertheless, that isn't the case for Seize the Grey, showcasing over 2,000 co-owners. You read that correctly.
Michael Behrens is the founder and CEO of MyRacehorse, offering low-dollar ownership shares of horses. Co-owners receive admission to the track and box seats when available, and they may also receive a small piece of the winnings if the horse emerges victorious.
Per MyRacehorse's FAQ section, whenever a horse races, its purse (with expenses subtracted) is used to top up the reserve account. This account is meant to cover the cost of existing expenses for the horse, such as stables, training, and vet bills. If there’s money left over after these steps are taken, the extra amount is distributed amongst the horse's shareholders.
Owners will receive their winnings directly in their MyRacehorse wallet. They can then buy more shares or deposit the winnings into their account of choice.
An Experience Unlike Any Other
Seize the Grey was in position to earn a berth in the Kentucky Derby before a seventh-place finish in the Blue Grass Stakes, but his co-owners were still provided with plenty of excitement. Almost 300 MyRacehorse partners traveled from Washington, Virginia, Michigan, and Florida to Lexington, Ky., for the race. Additionally, MyRacehorse hosted a tailgate at Keeneland, allowing owners to visit with one another before Seize the Grey departed for his post.
“There's a bunch of us that owned Authentic and became friends,” Kramer said following the Blue Grass Stakes. “We all hang out and usually have a Derby party. We have an auction for the Permanently Disabled Jockeys Fund. Last year we raised $6,000. It's a great way to meet other people who love racing and learn more about the industry.”
After winning the Pat Day Mile (G2) at Churchill Downs on May 4 ($594,710 worth, to be exact), he was entered into the Preakness Stakes odds. Seize the Grey's team will cheer him on, constituting the lone grey horse in the field. Jockey Jamie Torres will make his Triple Crown debut in this race.
“There's a bunch of us that owned (2020 Kentucky Derby victor) Authentic and became friends,” Kramer said. “We all hang out and usually have a Derby party. We have an auction for the Permanently Disabled Jockeys Fund. Last year we raised $6,000. It's a great way to meet other people who love racing and learn more about the industry.”
No matter how many of Seize the Grey's co-owners travel to Baltimore, it will be another memorable experience.
Seize the Grey's Preakness Odds
At 15-1, Seize the Grey is knotted with Just Steel for the second-biggest Preakness odds. Muth, the original favorite among morning-line odds, was scratched after experiencing the flu on Tuesday evening. The full list of morning-line odds is below.
| Post Position | Horse | Morning-Line Odds | Trainer | Jockey |
|---|---|---|---|---|
| 1. | Mugatu | 20-1 | Jeff Engler | Joe Bravo |
| 2. | Uncle Heavy | 20-1 | Butch Reid Jr. | Irad Ortiz Jr. |
| 3. | Catching Freedom | 6-1 | Brad Cox | Flavien Prat |
| 4. | Muth | SCR | Bob Baffert | Juan Hernandez |
| 5. | Mystik Dan | 5-2 | Kenny McPeek | Brian Hernandez Jr. |
| 6. | Seize the Gray | 15-1 | D. Wayne Lukas | Jaime Torres |
| 7. | Just Steel | 15-1 | D. Wayne Lukas | Joel Rosario |
| 8. | Tuscan Gold | 8-1 | Chad Brown | Tyler Gaffalione |
| 9. | Imagination | 6-1 | Bob Baffert | Frankie Dettori |
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