Preakness Stakes Betting

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The Preakness Stakes is the second leg of the Triple Crown and is run at Maryland's historic Pimlico Race course. It is named for the 1st winner of the Dinner Party Stakes at the track.


The Preakness holds a race on the Friday before, much like the Kentucky Derby.


For the Derby-winning connections, it implies the next pursuit en route to joining the greats like War Admiral, Secretariat, and American Pharoah as a Triple Crown winner. However, the Preakness holds excellent prestige for all of its runners.


The Preakness is one of a handful of grade 1 stakes races used for 3-year-olds in the United States all year. Winning a Grade 1 race is a crucial element for horses wanting to go far on their own in the breeding shed when their time on the track is finished.


Obviously, the popular race is available to bet on in a range of ways. Make certain to have a look at our best horse racing wagering sites prior to in any bets.


2025 Preakness Stakes Event Details


When: Saturday, May 17
Where: Pimlico Race Course (Baltimore, Maryland).
When: Approximately 6:50 p.m. ET.
How to Watch: NBC


How to Bet The Preakness 2025


It used to be that gamers would require to be at a racetrack or an off-track thoroughbred parlor (OTB) to put wagers on horse racing. Thanks to the proliferation of online betting, gamers now have a variety of alternatives to bet from the comfort of the own home in states where horse gaming is legal. Here are a few of the online betting choices:


Online Racebooks for the 2025 Preakness Stakes


Twinspires Racebook


The company that brings you the Kentucky Derby has its own betting platform. This site provides complimentary Brisnet Past Performances to all tracks as long as you bet the price of the item on the track you picked.


It also consists of betshare (desktop only) which allows players to divide bets into several shares and offer to their good friends. This means that gamers can play much bigger tickets with percentages of danger. When the bet succeeds, Twinspires will divide the payout similarly to each gamer's account based upon the size of their share.


Preakness Promotion: $200 Signup Bonus for new members.


TVG Racebook


TVG may be familiar to many as it is generally the horse racing network featured in choose cable plans. Along with being a tv network, TVG runs an online wagering platform as well. Like Twinspires they have totally free Equibase Past Performances as long as you wager the cost of your past performances on the track you chose.


Its interface is relatively simple to follow and the mobile version is one of the simplest to browse. For new players, they make it extremely easy to copy tickets developed by their experts. TVG uses a variety of promotions that can assist users effectively decrease takeout such as the cash Back Special promotion.


Preakness Promotion: $200 Risk-free wager for brand-new players.


BetOnline Sportsbook & Horse Racing


BetOnline is an extremely popular outlet for sports betting, but they also use horse wagering lines too!


Mainly understood for sports wagering, BetOnline does provide horse racing for users where it is permitted in their home state. For others, they might need to turn to alternative to put horse wagers.


Preakness Stakes Betting Options


The Preakness uses the complete enhance of horse racing bets. All bets via on-site betting or from online wagering platforms enter into a parimutuel, or player vs. gamer, swimming pool. This is a stark contrast to the gamer vs. house design utilized in sports betting.


Horse racing bets are divided into three categories. First is single horse bets, often described as WPS (pronounced "whips"). The bets are placed on a single horse to win, place, or show. These bets have a $2 minimum and can be increased in increments of $1.


WPS Bets


Win: Your horse needs to complete 1st.
Place: Your horse should finish 1st or 2nd.
Show: Your horse must finish 1st, 2nd, or 3rd


It is harder to select the winner than it is to choose a horse that could end up in the leading 3. For this factor, the payments are nearly particular to reduce the much easier the bets get.


In 2020 a filly called Swiss Skydiver upset Kentucky Derby winner Authentic.


Here were the $2 payments on Swiss Skydiver:


Win: $25.40.
Place: $8.40.
Show: $5.80


Across the Board and Ladders


In an effort to make WPS bets more hittable, many gamers will play a horse "Across the Board". This implies you are putting $2 to win, place, and reveal on the horse. This costs $6. The benefit is that you can still pay if your horse can be found in 3rd. However, this method is best to be used when the horse you like is beyond 10-1.


Another popular technique is what is called a ladder bet. This is a lot more useful when betting a horse at much shorter odds. In the ladder, a gamer sizes their win, place, and show bets in a different way to guarantee a little earnings if their horse finishes in any position in the top 3. A typically utilized $20 ladder is a $3 win, $5 place, and $12 show bet on a single horse.


Vertical Exotics


Another bet category is understood as vertical exotics. Undoubtedly these types of bets are the most popular on Preakness day. They are played by routine horseplayers and newbies alike.


The most enticing part of these wagers is that they can offer much bigger payouts than WPS bets, but they are likewise incredibly challenging to strike due to the fact that they require you to not only identify who will win, but who will come in 2nd, 3rd, and often 4th.


Exacta ($ 1 minimum): You should pick the first & second finishers in order.
Trifecta ($ 0.50 minimum): You should select the 1st, second, and 3rd finishers in order.
Superfecta ($ 0.10 minimum): You should pick the 1st, 2nd, 3rd, and fourth finishers in order


Boxing Wagers


A popular method for new players is to "box" horses. In this scenario, you cover all possible combinations of your wager. For example, a $0.50 trifecta on 1/2/3 costs simply $0.50. However, if the horses end up 2/1/3 you do not win since you had the 1 and the 2 in the incorrect order.


Boxing fixes all of that. In the example above you might purchase a $0.50 trifecta box on 1,2,3. The cost increases to $3 for the wager as you purchase all of the 6 possible surfaces that consist of the 1,2, and 3 as the leading 3 horses. In this case, you would pay on the 2/1/3 finish.


Players can box as numerous horses as they want, but tickets get costly quickly. A two-horse exacta box costs just $2 while a 3 horse box costs $6 and a 4 horse box costs $12. Remember you are purchasing all possible results that include your numbers. Be careful not to box too many short-priced horses that will lead to payments less than your financial investment.


Horizontals


Horizontal wagers require players only to choose winners, however to win the bet gamers need to pick winners of successive races. The drawback is that a person upset can result in 2,3, or 4 other actually excellent opinions being rendered useless.


One horizontal that is quite popular is the Black-Eyed Susan-Preakness Double which requires a player to select the Black-Eyed Susan winner on Friday and the Preakness winner on Saturday. This can be a fun wager to extend your gaming dollar throughout the two-day event.


2025 Preakness Stakes Field and Betting Odds


Unfortunately, this year's Kentucky Derby winner, Sovereignty, will not partake in this week's Preakness Stakes. Here is the field of horses running, in addition to their early odds:


Journalism 6-5.
Sandman 7-2.
Goal Oriented 5-1.
Clever Again 8-1.
River Thames 8-1.
American Promise 10-1.
Gosger 15-1.
Heart Of Honor 30-1.
Pay Billy 30-1


Bettors can make use of a number of quality horse wagering sites when wanting to wager this Saturday, including the BetOnline Racebook.


Preakness Stakes Picks


Just like the saber-metrics era of baseball, horse racing has a distinct and diverse set of statistics included in the previous efficiencies to help gamers evaluate a horse's capability. To someone not familiar with how to read them, it can be like checking out a book in a different language.


Not to worry! Whether you are brand name brand-new to the video game or an old pro, our partners at Daily Horse Picks use a variety of AI handicapping resources to bring clarity to the horse racing puzzle.


Premium bundles are readily available for as low as $4.99 and offer a wide selection of handy tools including speed and speed analysis, win percentage computations and specialist picks.


The History of the Preakness


The Preakness was very first run was in 1873 and the winner is embellished in Black-Eyed Susans, the state flower of Maryland. It is typically the second leg of the Triple Crown though it was moved in 2020 due to the COVID-19 pandemic.


The race is run at a mile and 1/16 which is half a furlong much shorter than the Kentucky Derby.


The Preakness has an abundant and troubled history. It was developed before the Kentucky Derby, but took breaks in its running and has even been moved away from Pimlico in the past.


Pre-Triple Crown Era


Before ending up being a part of the Triple Crown the Preakness was run as a handicap race several times in which horses of any ages might complete. In a handicap race, additional weight is brought by horses based upon age or achievement which ought to in theory equalize the competitors.


Modern History


Over the last few years the monetary situation at Pimlico has actually resulted in numerous rumors of the race being moved again with fellow Maryland track Laurel Park being called as the likely new host. However, the Stronach group who runs both Pimlico and Laurel has actually worked with local municipalities to bring the required upgrades to Pimlico and keep the race there for the foreseeable future.


The 2020 Preakness saw Swiss Skydiver ended up being only the 6th filly to win the race and the first because Rachel Alexandra in 2009. The Kenny McPeek filly beat 2020 Kentucky Derby winner Authentic. It was the very first time a Bob Baffert horse had won the Derby and stopped working to win the Preakness.


Traditions


While lots of Preakness goers get dressed to the nines, the race is renowned for its celebration environment. In the mid-2000s Pimlico was forced to cancel its bring your own booze policy as viral videos revealed the very hazardous conditions of the infield party.


In an effort to keep the excellent times rolling Pimlico developed its more controlled version of the celebration called InfieldFest which was infamously led by its temporary mascot "Kegasus".


Preakness Coverage


Betting News will continue to cover all of the occasions, runners, and trends leading up to the Preakness and throughout the Triple Crown series. Don't forget to check in the pasts leading up to the race for our special Preakness wagering guide.