Preakness Stakes Betting Odds 2024

Posted by Dave Consolazio . Last updated:

Preakness Stakes betting takes you into the heart of US horse racing’s Triple Crown. This is the race where full focus rests on the Kentucky Derby champion from just a few weeks before, and who could challenge them for one of the biggest stakes races in the world. The Preakness betting odds tend to change with great speed in the days and weeks leading up to this race – so now’s the time to get studying the sports betting sites and consider which horses to back.

The 2024 Preakness Stakes will be the 147th running of this illustrious race. Legends have been forged at Pimlico Race Course down the years, while horse racing betting fans have won millions backing the correct runners.

Read on to discover everything you need to know about the 2024 race, how to bet on Preakness Stakes, and the current Preakness odds. What’s more, we’ve also got some top tips for you to consider ahead of the ‘The Run for the Black-Eyed Susans’!

Final Preakness Stakes 2024 Odds and Post Positions

The Preakness Stakes usually features around 10 horses, although we won’t know the exact number for the 2024 race until raceweek itself. Compare this to the Kentucky Derby, where 20 horses compete, and it’s clear to see why the Preakness Stakes odds are usually more competitive. This year, nine horses will be in the field.

Picking a winner in the Preakness Stakes isn’t easy. But there are some outliers every year from which you can back or throw away. We won’t know the exact Preakness Stakes 2022 odds until the race list is released, and the post position draw complete. But until then, here are the viable futures candidates and their latest futures odds.

All horse betting odds courtesy of the Bovada sports betting book, and are subject to change.

Horse Preakness Stakes Odds Trainer Post Position Winning Position
Epicenter +110 Steve Asmussen 8 TBD
Early Voting +400 Kenneth G. Mcpeek 5 TBD
Secret Oath +450 D. Wayne Lukas 4 TBD
Simplification +700 Antonio Sano 1 TBD
Creative Minister +1000 Kenneth G. Mcpeek 2 TBD
Armagnac +1400 Tim Yakteen 7 TBD
Skippylongstocking +1800 Saffie Joseph Jr. 9 TBD
Happy Jack +3300 Doug O’Neill 6 TBD
Fenwick +3300 Kevin McKathan 3 TBD

Post Position Stats and Info (Ahead of the 2022 Preakness Stakes)

  • Secretariat holds the record for the fastest ever running of the Preakness Stakes, when he covered 1+3⁄16 miles in just 1:53 to win the 1973 race.
  • The record winning length at the Preakness Stakes was set by Smarty Jones in 2004, when he finished an incredible 11½ lengths ahead of the field.
  • Bob Baffert boasts the joint-record most wins at the Preakness for a trainer with seven. Baffert is suspended from taking part in this year’s race.
  • Swiss Skydiver won the Preakness in 2020 to become only the sixth filly in history to claim this famous race. She ran from gate No 4.
  • Post Position No 5 has produced just two winners in the Preakness since 1986. Meanwhile, Post Position No 6 boasts seven winners over that same period.

Preakness Stakes 2024 News

Keep up to date on the latest news from the 2024 Preakness Stakes.

We have a filly in the Preakness

We will have a filly in the Preakness field this year. Secret Oath is slated to compete, says trainer D. Wayne Lukas after finishing third in the Arkansas Derby.

Secret Oath won the Kentucky Oaks this May and Lukas is eyeing further success over the summer.

“I have good luck at the Preakness. I always have had,” Lukas said, prior to the Kentucky Oaks. “If we have a big Oaks, now we cut back in distance. We go to a 14-horse field versus 20. We go on a different surface, tight turns, where speed would be good. It changes the whole game when you go to the Preakness.”

Remember, only six fillies have ever won the Preakness Stakes – and only two of those in the past 98 years.

Baffert suspended

Maryland horse racing regulators have confirmed trainer Bob Baffert is suspended for the Preakness this year.

Baffert is suspended in Kentucky for 90 days starting April 4, which meant he also could not field horses in the Kentucky Derby. Generally all 38 racing states uphold any ban implemented by another, which means we won’t see Baffert seek a record eighth victory at Pimlico.

Baffert had tried to appeal against a suspension that originated from alleged medication violations involving a number of his horses. This included Medina Spirit, winner of the 2021 Kentucky Derby, who was subsequently disqualified and who died late last year.

Preakness Stakes Bet Types

The Preakness Stakes is an event not to be missed – and sportsbooks across the country will be offering their best Preakness betting odds to new punters over the coming weeks. But which way will you bet when it comes to raceday? Here, we explain the various mobile sports betting types to be aware of in horse racing…

Win

The most popular choice of wager, the Win bet is where you simply back a horse to win the race. This is usually easier to do in the Preakness Stakes compared to the Kentucky Derby, because fewer horses compete. Remember, the greater the odds, the bigger your potential payout.

Place

A Preakness Stakes Place bet is where you back a horse to finish either first or second in the race. It doesn’t matter which way round, so long as they secure a top-two finish. Your odds won’t be as good as a Win bet, but you’ve got a greater chance of turning a profit.

Show

A show bet in the Preakness Stakes works almost the same as a Place bet. The only difference is you bet on a horse finishing in the top three positions with a Show bet.

Exacta

To win an Exacta bet in the Preakness Stakes, you must correctly choose the first two horses to finish the race, in the exact order.

Trifecta

To win a Trifecta bet in the Preakness Stakes requires you to – you guessed it – select the first three horses to finish the race, in the correct order.

Superfecta

Like an Exacta or a Trifecta, a Superfecta requires you to bet on the first four horses to finish in the Preakness Stakes. This is a very hard bet to get right but pays out big bucks for those who win!

Parlays

Parlays are popular bet options in horse racing because they offer bettors the chance to mould their own bets. In a parlay, you combine a number of small bets into one big wager. So, you could bet on one horse to win the Preakness Stakes, another to place and another to win a completely different race! Combining all the outcomes boosts your odds, so you could win a mega payout.

TOP HORSE BETTING TIP

You do not have to be loyal to a specific racebook, and horse racing betting sites will provide big sign-up offers and welcome bonuses for bettors ahead of the Preakness Stakes. So don’t be afraid to shop around and find the best betting site for you. What’s more, racebooks regularly feature different prices on horses, so feel free to compare the Preakness current odds before making a bet!

Preakness Stakes Race Details

a green calendar with a clock on the open page

Date and Time

The 147th running of the Preakness Stakes is scheduled for May 21, 2022 at Pimlico Race Course in Baltimore, Maryland. Full in-person attendance, so nearly 100,000 people will be there. Post time is set for 7:01 PM ET.

a green couch

How to Watch

The Preakness will air from 2-4 PM ET on CNBC, and then on NBC with coverage starting at 4 PM ET until the very end

Racing Horse Icon

Horse Eligibility

Pimlico’s 1 and 3/16-mile dirt track welcomes 3-year-old thoroughbred horses to the Preakness Stakes. While colts have primarily dominated the Preakness over the years, six fillies have won “The Run for the Black-Eyed Susans” including 2020 champ Swiss Skydiver in a time of 1:53.28.

How To Bet On Preakness Stakes

Placing a Preakness Stakes bet couldn’t be simpler. These days there is a wide array of online sportsbooks you can use to place your wagers on The Run for the Black-Eyed Susans. And because there is so much interest in this race, there is usually a good range of bet options to choose from!

Before you place a horse racing bet, why not check out the latest reviews on USA online gambling sites? You can research the best-reviewed sites, examine their payment options and market scope, and then make a decision on who to bet with.

Now, the process for placing a Preakness Stakes bet is the same regardless of which sportsbook you join. First you need to head over to the chosen website or download their app, and enter your details in the sign-up section. From here, you will be asked to make a deposit, and you might also be able to trigger a promo or welcome bonus.

Once you’ve created your account, you can head over to the horse racing page in your sportsbook, and find the Preakness latest odds. Simply click on the horse you want to back, enter your stake and click ‘Place Bet’ to complete the process.

And that’s it! Winnings will be funded to your account soon after the race is over. So it’s now time to sit back, relax, and get ready to enjoy for all the action.

Most Recent Preakness Stakes Winners

Year Winner Jockey Trainer Post Odds Time
2021 Rombauer Flavien Prat Michael W. McCarthy 6 11/1 1:53.62
2020 Swiss Skydiver Robby Albarado Kenneth McPeek 4 11/1 1:53.28
2019 War of Will Tyler Gaffalione Mark Casse 1 6/1 1:54.34
2018 Justify Mike Smith Bob Baffert 7 1/2 1:55:93
2017 Cloud Computing Javier Castellano Chad Brown 2 13/1 1:55:98
2016 Exaggerator Kent Desormeaux J. Keith Desormeaux 5 3/1 1:58:31
2015 American Pharoah Victor Espinoza Bob Baffert 1 4/5 1:58.46
2014 California Chrome Victor Espinoza Art Sherman 3 3/5 1:54.84
2013 Oxbow Victor Espinoza D. Wayne Lukas 6 15/1 1:57:54
2012 I’ll Have Another Garry Stevens Doug O’Neill 9 3/1 1:55.94
2011 Shackleford Mario Guiterrez Dale Romans 5 12/1 1:56.21

Preakness Stakes Traditions

While the Kentucky Derby’s pomp and circumstance traditions are well-known throughout the horse racing betting world, the Preakness Stakes is equally as proud of their Triple Crown heritage.

Preakness Stakes Odds 1933 Head Play
01

Inauguration in 1873

As we touched on earlier, the first Preakness Stakes was run two years before the first Kentucky Derby. On May 27, 1873, a three-year-old colt named Survivor won the inaugural race by 10 length and captured the $2,050 top purse.

Pictured is owner Suzanee Mason with jockey Charley Kurtsinger and the coveted Woodlawn Vase following their horse, Head Play’s, Preakness Stake victory in 1933.

Preakness Woodlawn Vase
02

The Woodlawn Vase

Created by Tiffany and Company back in 1860, the Woodlawn Vase is arguably won the most valuable trophies in all of sports. It’s so dignified that it is transferred from it’s full-time home inside the Baltimore Museum of Art to Pimlico under watchful guard.

The winner of the Preakness Stakes is presented the real Woodlawn Vase during the post-race celebration, but a replica – that takes 12 weeks to make – is eventually awarded to the winning owner to keep permanently, while the original heads back to the museum.

Black-Eyed Susan Cocktail
03

Black-Eyed Susan Cocktail

Kentucky has its mint julep, while Maryland boasts it’s Black-Eyed Susan, an adult beverage branded after a flower of the same name.

To make, grab a highball glass with shaved ice and add…

  • 1-1/4 oz Bourbon
  • 3/4 oz Vodka
  • 3 oz sweet & sour mix
  • 2 oz orange juice

Top with orange juice and sweet & sour with cherry and orange slice garnish.

Black-Eyed Susan Flower Hat
04

Black-Eyed Susan Flower

The “Run for the Roses” makes way for the Black-Eyed Susan, the state flower of Maryland. What’s funny is they don’t bloom until June after the Preakness Stakes. So, if you see something that resembles BES on raceday, they’re either fake flowers or real flowers painted to look like the real thing.

Pimlico Preakness Stakes Weather Vane Painted
05

The Weather Vane

Starting in 1909, a painter climbed up a ladder to the top of the Clubhouse cupola to apply the colors of the winning jockey and horse.

The original clubhouse was destroyed by fire in 1966, but a replica was constructed the tradition lived on. The paint job remains in place until the winner of the Preakness is named the following year.

Preakness Stakes FAQs

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