Preakness Stakes Contender: Pay Billy

The $2 million Preakness Stakes (G1), the second leg of the Triple Crown, is Saturday, May 17, at Pimlico Race Course in Baltimore. The US Racing team has published profiles on each horse in the race, updated with post positions and Preakness Stakes betting odds.

Preakness Stakes Contender: Pay Billy

Pay Billy. Jim McCue/MJC Photo.

Trainer Mike Gorham, long a fixture in the mid-Atlantic region, will have his first Preakness Stakes starter on Saturday with Pay Billy, who earned an automatic berth into the $2 million race with his 1 ¾-length victory on April 19th in the Frederico Tesio at Laurel Park.

The Tesio is not exactly the high road to the Preakness; only one horse, Deputed Testamony, has won both races, which was accomplished in 1983. The most recent horse to win the race and go on to compete in the Preakness was Perform, who won the Tesio with a last-to-first salvo, earning the only triple-digit Equibase speed figure (100) of his career; he finished sixth behind National Treasure in 2023.

Pay Billy Road to the Preakness

The road less traveled (to the Preakness) appears to have been Gorham’s plan all along, however. He and the owners – RKTN Racing - briefly toyed with the idea of trying to make it to the Kentucky Derby but decided against it. Since breaking his maiden at fourth asking in December, Pay Billy has done little wrong as a 3-year-old, winning a 1-mile allowance at Laurel by five lengths, finishing second by a nose in the Miracle Wood, then taking the Private Terms around two turns prior to qualifying for the Preakness.

Said Gorham after the Tesio: “We had discussed trying to get Derby points, and I suggested we go the low road with these races, and maybe the Preakness was possible. The Tesio was a win-and-you’re-in, so we get the fees paid and all that. At least we’ve got a shot.”

Pay Billy is RKTN Racing’s first horse; they will have 31 people in attendance for the race.

“They’re really excited, and they’re new owners in the game, so they probably don’t even know the extent of what’s actually happening like (someone) that’s been around the game forever,” Gorham said. “They probably don’t know it’s as big a deal as it really is.

“It’s great. It’s definitely a big move. Everybody wants to be in a Triple Crown race, that’s for sure. If we can get lucky and get a good piece of it, that’d be great.”

Preakness Stakes Betting Advice

It’s asking a lot for a horse who hasn’t won a graded stake to debut in the Middle Jewel of the Triple Crown. Toss.

Contender Information Card

  • Post Position: 5
  • Preakness Stakes Betting Odds: 20-1
  • Jockey: Raul Mena 
  • Trainer: Mike Gorham
  • Owner: RTKN Racing
  • Record: 8-4-1-1
  • Career earnings: $234,475
  • Top Equibase speed figure: 93
  • Last race: Frederico Tesio Stakes, April 16, 1st
  • Pedigree: Improbable-Harlington’s Rose, by Harlington
  • Color: Bay
  • Running style: Stalker/midpack
  • Notes: “He turned a corner when he turned 3. He wasn’t that focused as a baby, and it took a couple of races for him even to figure out what he was doing,” Gorham said. “We always thought he had a lot of talent and wanted to go further, and that’s how it turned out.”. The son of Improbable had his final breeze for the 1 3/16-mile race on Thursday, covering 4 furlongs in 49.00 seconds at Delaware Park. Raul Mena, who will be aboard for his first Preakness, was up for the work, ranked 10th of 34 at the distance. RKTN Racing is managed by Minneapolis-based attorney Nate Nelson, who also owns horses with On Your Left Racing. Gorham, who has been training for 40 years, is best known for having Mandy’s Gold, a winner of 21 of 24 races, including the Ruffian (G1), and $1,081,744.
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