Nyquist will enter the 2016 Preakness as the odds-on favorite, but is still an underdog to capture the Triple Crown.
Sportsbook.ag lists the Kentucky Derby winner at odds of -180, meaning a bettor would have to lay $18 to win $10. He'll be challenged in the Preakness by Derby runner-up Exaggerator, who was a bad early trip from upending the unbeaten Nyquist at Churchill Downs last Saturday, and several other returning horses.
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The Preakness field is limited to 14 horses, with 13 expected to run in the 2016 race.