Renegade Opens as 10-1 Favorite in Preakness Future Wager

Renegade’s 10-1 morning-line price puts him in a very specific place in the Preakness future market: not a runaway lock, but the horse bettors are being asked to sort first. With Crude Velocity, Further Ado and Taj Mahal all listed at 12-1, the board is treating the Arkansas Derby winner as a legitimate favorite in a pool that is still wide open and still waiting on the rest of the Triple Crown cast.

That matters because the Preakness Future Win Wager is not a simple snapshot of who will start the race on May 16. It is a separate win-only pool with a $2 minimum, an 18% takeout and 40 betting interests, including the field of all other 3-year-olds. It opens Friday, April 24 at 12:00 p.m. ET and closes Saturday, May 2 at 6:00 p.m. ET, giving bettors an early chance to lock in a number before Preakness 151 is run at Laurel Park. Pimlico Race Course is closed for redevelopment, so the middle jewel of the Triple Crown stays in Maryland but moves down the road to Laurel.

Renegade earned the market respect. Equibase says the bay colt by Into Mischief out of Spice Is Nice, by Curlin, won the Grade 1 Arkansas Derby at Oaklawn Park on March 28, beating Silent Tactic in a $1.5 million prep that carries real weight with handicappers. Trained by Todd A. Pletcher and ridden by Irad Ortiz Jr., Renegade is 2-for-2 in 2026 with $952,500 earned, and his career bankroll now stands at $1,031,500. That profile is exactly what gets a horse noticed in a future wager: speed, class and an unbeaten record with major connections behind it.

The price also tells you how bettors are balancing certainty against price. Renegade is being respected more than he is being treated as a bargain. At 10-1, he is the name on top, but he is not the kind of short-priced favorite that forces the field to revolve around one horse. That is why the 12-1 group matters. Crude Velocity, Further Ado and Taj Mahal are close enough to keep the pool competitive, which leaves Renegade as the most trusted option without making him an overwhelming standout.

Recent history shows how fast this market can move. Journalism opened as the 8-1 favorite in 2025, and Muth sat at 3-1 in 2024, so Renegade’s 10-1 is strong enough to signal confidence without suggesting the board has locked onto him as a heavy favorite. Right now, he looks like the horse bettors trust most, but not the horse they are willing to bury the field with.