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Editor's note: Last year, Sun publisher Mike Waller, an avid racing fan, picked Charismatic to win the Preakness at the generous price of $18.80 for each $2 bet. Here's how he sizes up this year's race.

Only if he falls coming out of the gate will Fusaichi Pegasus lose the 125th Preakness. So don't waste any money trying to beat him. He's the best 3-year-old since Seattle Slew.

You'll only win small coins betting Fu-Peg to win, since his odds are likely to be about 3-5. Therefore, a better bet is picking the exacta (the first- and second-place horses in the exact order) with Fusaichi Pegasus on top. Selecting the second-place colt will not be easy. Red Bullet is fresh after a five-week layoff following his second place finish to Fu-Peg in the Wood Memorial Stakes. High Yield is an honest competitor despite his 15th-place finish in the Kentucky Deby and overlooking D. Wayne Lukas-trained colts in the Triple Crown races can be hazardous. The second-place finisher in the Arkansas Derby, Snuck In, could sneak in. But today will be Captain Steve's day. He had an excuse for his eighth-place finish in the Kentucky Derby -- another colt slammed into him in the stretch. The Bob Baffert-trained colt had an awesome workout Monday at Churchill Downs, breezing five furlings in 58 1/5 seconds. He's ready, and you can be, too, by betting Fusaichi Pegasus to win and Captain Steve to place in the exacta.

If you want to bet a trifecta (the first-, second- and third-place horses in the exact order), add Red Bullet to the wager. As for a long shot, save your money for the Belmont.

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