Preakness Stakes Betting Guide

Odds, Analysis And Picks For 2024

Preakness Stakes

The Preakness Stakes is one of the highlights of the spring sports calendar. Preakness Stakes odds and a betting guide for the famed horse race in Baltimore will be shown below. The 2024 race at Pimlico will take place on Saturday, May 18. This will be the second leg of horse racing’s Triple Crown.

National Treasure claimed the crown in last year’s Preakness Stakes. The horse was 5/2 to win.

Preakness Stakes odds

View Preakness betting odds below and click to wager at FanDuel Racing as morning line prices will soon be available for 2024. The odds listed below are Preakness Futures Pool 1 lines.

HorsePreakness odds
Agate Road50/1
Book’Em Danno50/1
Born Noble50/1
Catching Freedom50/1
Change of Command60/1
Coach Prime15/1
Common Defense60/1
Conquest Warrior40/1
Domestic Product40/1
Dornoch15/1
Drip60/1
Endlessly60/1
Epic Ride60/1
Fierceness25/1
Forever Young40/1
Hades50/1
Hall of Fame50/1
Honor Marie30/1
Inveigled50/1
Just a Touch30/1
Knightsbridge30/1
Liberal Arts50/1
Locked20/1
Maymun10/1
Muth20/1
Mystik Dan40/1
Nash50/1
No More Time50/1

Preakness Stakes field

The Preakness Stakes draw for 2024 will likely take place on Monday, May 13. It will determine the post position and odds for the entire Preakness Stakes field.

Preakness Stakes payouts

Here is a look at Preakness Stakes payouts, based on a $2 bet, from last year’s race.

Win

  • National Treasure: $7.80

Place

  • National Treasure: $4.00
  • Blazing Sevens: $5.00

Show

  • National Treasure: $2.60
  • Blazing Sevens: $2.80
  • Mage: $2.40

Here are Preakness exotics payouts.

$2.00 Exacta: $31.80

$1.00 Trifecta: $24.20

$1.00 Superfecta: $72.40

Below is a chart showing standard horse racing payouts for a $2 win bet. Keep in mind these are approximate payouts as horse racing and the Preakness Stakes operates on the pari-mutuel system.

OddsPayout
1-5$2.40
2-5$2.80
1-2$3.00
3-5$3.20
4-5$3.60
1-1$4.00
6-5$4.40
7-5$4.80
3-2$5.00
8-5$5.20
9-5$5.60
2-1$6.00
5-2$7.00
3-1$8.00
7-2$9.00
4-1$10.00
9-2$11.00
5-1$12.00
6-1$14.00
7-1$16.00
8-1$18.00
9-1$20.00
10-1$22.00
15-1$32.00
20-1$42.00
30-1$62.00
50-1$102.00

Where to bet the Preakness Stakes and race schedule

The 149th Preakness Stakes is set for Saturday, May 18, 2024. Here is more information and tips on betting the Preakness Stakes, and how you can watch and wager on this year’s event. Many of the same horses that race in the Preakness Stakes competed in the Kentucky Derby, which was held earlier in the month of May. Check out Kentucky Derby odds at our KY Derby page.

  • Date: Saturday, May 18, 2024
  • Time: 6:47 p.m. ET
  • TV: NBC
  • Tablet, Online, Mobile: NBC Sports App and streamed live on NBCsports.com/live and fuboTV
  • Track & Location: Pimlico Race Course in Baltimore, Maryland
  • Distance: 1 3/16 miles (9 furlongs) – since 1925
  • Surface: Dirt
  • Horses: 3-Year-Old Thoroughbreds
  • Track Record: Secretariat  (1:53.00 in 1973)
  • Largest Margin of Victory: Smarty Jones (11 lengths in 2004)

Live television coverage on NBCSN begins at 2 p.m. ET and on NBC at 5 p.m. ET. Fans can wager legally at racetracks, simulcast centers such as Off Track Betting (OTB) Centers, and on advanced deposit wagering platforms such as FanDuel Racing, BetAmerica and TwinSpires, where bettors in over 30 states can legally bet on horse races from their mobile devices and web browsers. You can also wager on horse racing legally in the state of Nevada at the hundreds of casinos with race and sportsbooks.

Horse racing wagers and bets

In addition to the traditional “straight” wagers (Win, Place, Show), fans can also attempt to cash big in the various “exotic” pools. Exacta (top two finishers), Trifecta (top three), Superfecta (top four), and Super High Five (top five) wagering are all offered, and cashing a ticket in any of these pools can produce a bigger payday.

  • Win: Bet on the horse you think you will win the Preakness Stakes.
  • Place: Get paid the place price if your horse finishes in first or second place.
  • Show: A show bet pays the least, but you win and get paid the show price if your horse finishes first, second or third.
  • Exacta: Predict the first two horses in the correct order.
  • Trifecta: Predict the first three horses in the correct order.
  • Superfecta: Predict the first four horses in the correct order.
  • Super High Five: Predict the first five horses in the correct order.

The Preakness Stakes betting odds at online sportsbooks are finally determined by the pari-mutuel system at the track which means your potential payout depends on how much money is in the pot overall, divided by how many bets are placed. The odds will fluctuate in the build-up to the race and never more so than in the final few moments before post time.

Picking a Preakness winner

There are many ways to handicap a horse race, and there is not shortage of opinions or angles when it comes to the handicapping of the Preakness Stakes following the Kentucky Derby results. From a beginner’s betting guide to the most sophisticated tools for informed handicappers, there are many pieces of information and betting guides to assist you in identifying a potential Preakness winner and narrowing the list of top contenders.

  • Handicapping horses and the races takes much time, research and intuition. Beyond studying past performance charts and horse stats, speed figures, class ratings, tracks and bias, jockey and trainer stats, horse pedigree and even post position, a handicapper has to have insight and ability to find various ways to identify horses that are ready to win. That’s especially true for the Derby horses that are running in the Preakness with just a two-week recovery. You can review race videos, tracks, surfaces or find horses that had troubled trips in recent races. But it’s important to distill information that can help you identify horses that may offer some value next time out or others in good form or improving that can provide value wagering opportunities.
  • Races and horses should be backed based on positive attributes and not as a result of who’s the best of the worst. As you study some of the betting guides and training tools, you’ll become better prepared and equipped to analyze races in a more meaningful way. That includes the Preakness Stakes along with the Kentucky Derby and the prep races leading up to the Derby. Understanding ‘how’ a horse has run leading up to a race versus the far less important ‘where’ the horse finishes and ‘what’ time he/she completed their recent races will help you become more proficient.
  • Trainer Bob Baffert has won the Preakness a record-tying 7 times (D. Wayne Lucas) including in 2015 with American Pharoah and 2018 with Justify, who both went on to win the Triple Crown.

The Preakness has been dominated in recent years by horses who set or press/stalk the pace, but most of the time those were simply the best horses – like Justify, American Pharoah, California Chrome, Big Brown and the filly Rachel Alexandra. Exaggerator was able to come from well off a hotly-contested pace to win the 2016 Preakness. An improving 3-year-old, or fresher and talented runner like the filly and 2020 Preakness winner Swiss Skydiver can emerge. She came from off the pace to get to the front at the three quarter mile marker, and out-dueled 2020 Kentucky Derby winner Authentic to win the Preakness at 11/1 odds.

Preakness Stakes history and results

YearWinnerPost OddsTimeJockeyTrainer
2023National Treasure15/21:55.12J. VelazquezB. Baffert
2022Early Voting55/11:54.54Jose OrtizChad Brown
2021Rombauer611/11:53.62Flavien PratMichael W. McCarthy
2020Swiss Skydiver411/11:53.28Robby AlbaradoKenneth McPeek
2019War of Will16/11:54.34Tyler GaffalioneMark Casse
2018Justify71/21:55:93Mike SmithBob Baffert
2017Cloud Computing213/11:55:98Javier CastellanoChad Brown
2016Exaggerator53/11:58:31Kent DesormeauxJ. Keith Desormeaux
2015American Pharoah14/51:58.46Victor EspinozaBob Baffert
2014California Chrome33/51:54.84Victor EspinozaArt Sherman
2013Oxbow615/11:57:54Victor EspinozaD.W. Lukas
2012I’ll Have Another93/11:55.94G. StevensD. O’Neill
2011Shackleford512/11:56.21M. GuiterrezD. Romans
2010Lookin At Lucky75/21:55.47J. CastanonB. Baffert
2009Rachel Alexandra139/51:55.05M. GarciaS. Asmussen
2008Big Brown61/51:54.80C. BorelR. Dutrow Jr.
2007Curlin47/21:53.46K. DesormeauxS. Asmussen
2006Bernardini812/11:54.65R. AlbaradoT. Albertrani
2005Afleet Alex123/11:55.04J. CastellanoT. Ritchey
2004Smarty Jones73/51:55.59J. RoseJ. Servis
2003Funny Cide99/51:55.61S. ElliottB. Tagg
2002War Emblem85/21:56.36J. SantosB. Baffert
2001Point Given112/11:55.51V. EspinozaB. Baffert
2000Red Bullet47/11:56.04G. StevensJ. Orseno
1999Charismatic68/11:55.32J. BaileyD.W. Lukas
1998Real Quiet105/21:54.75C. AntleyB. Baffert
1997Silver Charm73/11:54.84K. DesormeauxB. Baffert