Best Preakness Stakes value bets

The track at the Preakness will be fast, nothing like the sloppy conditions two weeks ago. Rob Carr/Getty Images

Nearly two weeks ago, Orb lived up to his hype and status as the favorite with an impressive victory in the Kentucky Derby. It was the kind of performance that left little doubt as to who would be the fave in Saturday's Preakness Stakes.

Orb was declared the even-money favorite, which should be much lower by the time the gates open at approximately 6:30 p.m. ET. What potentially will be dragging down Orb's price to one of the lowest we have seen in a number of years is the fact that the second- and third-place horses from the Kentucky Derby elected to bypass the middle jewel of the Triple Crown and wait for the Belmont.

Historically, when you bet the Preakness, it's harder to find the same value you would at the Derby or Belmont. The average winning odds since 2000 have been 3.9-to-1, with seven favorites winning in that time span. That said, if you're looking for value, there will be some good options in the Preakness because Orb will be such a prohibitive choice.

Here is a look at some of the best betting values on the board: