Preakness Stakes Betting Odds 2021

Posted by Ryan Fowler . Last updated:

Known as “The People’s Race”, “The Run for the Black-Eyed Susans” or “The Second Jewel of the Triple Crown”, the Preakness Stakes is typically run on the third Saturday each May, two weeks after the iconic Kentucky Derby. However, as was the case with many popular sports betting events in 2020, the Preakness was pushed back to October due to the coronavirus pandemic. Horse racing betting enthusiasts cashed in on Swiss Skydiver, which won at 11-to-1 odds and actually posted the fastest time since Secretariat captured the Triple Crown in 1973. With 2021 Kentucky Derby winner Medina Spirit a slight favorite, this year’s Preakness Stakes will be the 146th running of a race that predates the infamous Derby by two years.

Preakness Stakes 2021 Odds

If Tom Brady is considered the NFL G.O.A.T. (Greatest of All-Time) for winning seven Super Bowls, Bob Baffert is arguably horse training’s G.O.A.T after winning a record seventh Kentucky Derby with Medina Spirit. Heading into the 2021 Preakness Stakes, Baffert isn’t done as he boasts the top two favorites to win at Pimlico, Medina Spirit – in his bid to win a Triple Crown – and Concert Tour, who sat the Kentucky Derby out following a third-place finish at the Arkansas Derby.

Horse Preakness Stakes Odds Trainer Post Position Winning Position
Medina Spirit +250 Bob Baffert TBD TBD
Concert Tour +300 Bob Baffert TBD TBD
Mandaloun +350 Brad Cox TBD TBD
Caddo River +600 Brad Cox TBD TBD
O Besos +800 Greg Foley TBD TBD
Midnight Bourbon +1000 Steve Asmussen TBD TBD
Rombauer +1000 Mike McCarthy TBD TBD
Crowded Trade +1600 Chad Brown TBD TBD
Keepmeinmind +1600 Robertino Diodoro TBD TBD
Tarantino +1600 Rodolphe Brisset TBD TBD
France Go De Ina +2200 Hideyuki Mori TBD TBD
Unbridled Honor +3300 Todd Pletcher TBD TBD
Ram +6600 D. Wayne Lukas TBD TBD

Odds via Bovada. Subject to change.

Click here for 2021 Kentucky Derby Results

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Top Horses By Preakness Stakes Odds

Medina Spirit

Medina Spirit


At 14-to-1 odds, this 3-year-old gave trainer Bob Baffert a record seventh Kentucky Derby victory as he ran with the lead pack throughout the first leg of the Triple Crown. Medina Spirit has three first-place and three second-place finishes through his first six starts. Purchased for just $1,000 as a yearling and $35,000 in the summer of 2020, Spirit is definitely balling out on a budget.

Concert Tour

Concert Tour


Another Baffert-trained horse, Concert Tour did not run in the Kentucky Derby after finishing third as the favorite to win the Arkansas Derby. Despite the small setback, he’s finished first in three of his four starts with Preakness Stakes odds nipping at the heels of Medina Spirt.




Trainer Brad Cox’s horse finished just ¼-length behind Medina Spirt for a second-place effort at the 2021 Kentucky Derby. After winning his debut race at Keneeland, Mandaloun has posted two first place, one second, one third and one unplaced finish over the past seven months or so.

Caddo River

Caddo River


Look up Caddo River’s ancestry and you’ll learn he’s part of 1985 Preakness Stakes winner Tank’s Prospect’s bloodline. Speaking of blood, trainer Brad Cox decided not to run Caddo River in the Kentucky Derby due to a high temperature and a high white blood cell count. To-date, the 3-year-old has two first place and three second place finishes.

O Besos

O Besos


The fifth-place Kentucky Derby finisher (at 40-to-1), is officially TBD for the upcoming Preakness, but couple horse racing outlets and whispers suggest he may sit the second leg of the Triple Crown out. Despite two first-place finishes, O Besos has failed to place in the top three in three of his six posts.

Preakness Stakes Race Details

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Date and Time

The 146th running of the Preakness Stakes is scheduled for May 15, 2021 at Pimlico Race Course in Baltimore, Maryland. In-person attendance will be limited to 10,000 due to the ongoing pandemic. Post time is set for 5:45 p.m. ET.

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How to Watch

The Preakness will air LIVE on NBC with coverage starting at 5 p.m. and extended coverage of the Triple Crown race available on NBCSN starting at 2 p.m. ET.

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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

Last 10 Preakness Stakes Winners

Year Winner Jockey Trainer Post Odds Time
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

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

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

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

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

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.

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