A wise horse player once told me that. In fact, he repeats it every time we’re in the situation we’re in this weekend.

More: Picks | Horse-by-horse break down | Odds, post positions

As it relates to Saturday’s Belmont Stakes, the adage means this: If you didn’t bet American Pharoah in the Kentucky Derby and you didn’t bet him in the Preakness, now is probably not the time to jump on board.

The Triple Crown hopeful’s morning-line odds are 3-to-5, and at that price, we’ll look elsewhere for our wager. Sure, it would be nice to see American Pharoah become the first horse to accomplish the Triple Crown feat since 1978, but it would be even nicer to cash a fat ticket on Saturday.

Recent history tells us the Belmont is not kind to favorites and is a race for longshots.   The last favorite to win it was Afleet Alex in 2005.   Six of the last seven winners have gone off at odds of 9-to-1 or greater, and since 1999, we’ve seen bombs such as Lemon Drop Kid (29-to-1),  Sarava (70-to-1), Birdstone (36-to-1) and  Da Tara (38-to-1) come out on top.

Here’s a list of the Belmont winners since ’78 and their odds, courtesy about.com.                             

  • race featured a Triple Crown hopeful; ** post-time favorite