Preakness Stakes Betting Guide

Odds, Analysis And Picks For 2023


Epicenter was the Preakness betting favorite with 6-5 morning line odds in the “Run for the Black-Eyed Susans,” but ultimately could not overcome Early Voting who cashed tickets to win at 5-1. Below are the 147th Preakness payouts, along with the payouts for exacta, trifecta, and superfecta.

Preakness payouts

Here are what the payouts looked like for the top three horses on a $2 bet at the 147th Preakness Stakes:

Early Voting

  • Win: $13.40
  • Place: $4.60
  • Show: $3.60


  • Place: $2.80
  • Show: $2.40

Creative Minister

  • Show: $4.20

Exacta ($2 bet)

  • $25.80

Trifecta ($1 bet)

  • $66.50

Superfecta ($1 bet)

  • $162.90

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


Preakness Stakes odds

View Preakness betting odds below and click to wager at TVG now.

Post HorseMorning Line oddsJockey Trainer
1. Simplification6-1John VelazquezAntonio Sano
2.Creative Minister10-1Brian Hernandez Jr.Kenny McPeek
3.Fenwick50-1Florent GerouxKevin McKathan
4.Secret Oath9-2Luiz SaezD. Wayne Lukas
5.Early Voting7-2Jose OrtizChad Brown
6.Happy Jack30-1Tyler GaffalioneDoug O'Neill
7.Armagnac12-1Irad Ortiz Jr.Tim Yakteen
8.Epicenter6-5Joel RosarioSteve Asmussen
9.Skippylongstocking20-1Junior AlvaradoSaffie Joseph

The big news ahead of the 2022 Preakness Stakes is that surprise Kentucky Derby winner Rich Strike will not run in the second leg of the Triple Crown. Rich Strike owner Rick Dawson said on May 12 that the colt will not run at Pimlico but does plan to run in the Belmont Stakes in June.

Un Ojo will also miss the Preakness with a foot bruise. This is the second straight major race that will be missed by the GII Rebel S. winner, as the bruise also kept him out of the Kentucky Derby.

Preakness betting notes: The field

Preakness week dawns from a couple different directions. One was Monday’s draw, which established the field for Saturday’s 147th Preakness, the $1.5 million middle jewel of racing’s Triple Crown, contested over 1 3-16 miles from Pimlico Race Course in Baltimore. Two will be the possibilities of late entries, a la-Rich Strike one day before winning the May 7 Kentucky Derby as an 80-1 longshot.

The 2022 Preakness field will be interesting by virtue of including several “new shooters.” These are horses who skipped the Derby and will be more rested for the Preakness. That strategy has been successful in recent years, including last year, when Rombauer rumbled to a Preakness triumph after not running in the Derby.

Post time for the Preakness on Saturday is approximately 7:01 p.m. and accessible to bettors via TVG. Here is a look at the field.

1. Simplification (6-1)

Simplification was the first to arrive at Pimlico and his connections hope he’s the first across the finish line. The fourth-place Kentucky Derby finisher ran a strong race and is expected to be a stalker again for the 1 mile and 3-16th event, slightly shorter than the 1 1–4-mile Derby. Hall of Fame jockey John Velazquez will ride Simplification for the first time in this race. Velazquez, the leading money-winning rider in North American racing history, replaces Jose Ortiz – who has a commitment to ride Early Voting for Chad Brown.

2. Creative Minister (10-1)

Creative Minister has done what’s asked, winning at maiden special weights and then allowance company. This is a big step up, although he handled the last two hurdles well. The Kenneth McPeek horse will have jockey Brian Hernandez Jr. in the saddle and will be running out of Post 2.

3. Fenwick (50-1)

If Rich Strike did it, why can’t Fenwick? The surprise Kentucky Derby winner has given hope to all horse racing longshots and Fenwick is the biggest longshot in the 2022 Preakness field. Fenwick, the son of 2007 Preakness winner Curlin, has 50-1 morning line Preakness betting odds due to having finished last in the Blue Grass Stakes in April. In that race, Fenwick was beaten by 36 lengths. The lone win on Fenwick’s resume was a maiden special weight race in Tampa on March 12.

4. Secret Oath (9-2)

Secret Oath has aroused significant attention as the filly trying to beat the boys. She flattened out in the Arkansas Derby, making a bold run from last into second before fading into third behind Cyberknife and Barber Road. But a victory in the Kentucky Oaks at a sweet 4-1 price stamped her as a potential entry into this field. Secret Oath was later upgraded to confirmed and will try to join Swiss Skydiver (2020) and Rachel Alexandra (2009) as recent fillies to capture the Preakness. Six have done so.

5. Early Voting (7-2)

Early Voting captured the Withers at Aqueduct in February and just missed at the Wood Memorial in April, being overtaken near the wire by Mo Donegal. He then skipped the Derby and was listed as confirmed for the Preakness after exiting his five-furlong workout in 1:00.63 at Belmont. Early Voting figures to be a pace factor, as a stalker. Brown emphasized the spacing between races this year and hopes this fits perfectly for Early Voting. The trainer struck gold with this strategy in 2017, winning the Preakness with Cloud Computing after not running in the Kentucky Derby.

6. Happy Jack (30-1)

Happy Jack is usually up the track. He’s been beaten soundly both in prep races and in the Kentucky Derby but will take another crack at it here. Happy Jack has 30-1 morning line odds and will run out of Post 6.

7. Armagnac (12-1)

Armagnac ran strongly to the turn in the Santa Anita Derby but faded to a distant fourth behind Taiba and Messier. A subsequent victory in allowance company put more experience into the horse, but this is a high move of confidence from his handlers. Coming back on two-week layoff, just like the Derby graduates.

8. Epicenter (6-5)

Epicenter has proven to be a reliable horse. Bettors will like the fact they always receive a consistent effort from the Kentucky Derby runner-up, who had victory snatched away from him in the final strides by Rich Strike. Epicenter, as he did in the Kentucky Derby, will probably go off as the favorite. Trainer Steve Asmussen says he has liked everything he has seen from Epicenter since the Derby. Epicenter has a victory at this exact distance, 1 3-16 miles, in the Louisiana Derby. Asmussen has two Preakness victories, including one with a filly. He prevailed with Curlin in 2007 and Rachel Alexandra in 2009.

9. Skippylongstocking (20-1)

Skippylongstocking shows improved form, finally rising from allowance company to run will in a graded stakes race. Ran a stalking and determined third to Mo Donegal in the Wood Memorial. Honest late effort would convince his handlers that he has imminent upside. The Saffie Joseph Jr.-trained colt has shown marked improvement while stretching out to 1 1/8 miles in his last two starts.

Preakness Stakes payouts

Here are how the payouts broke down for last year’s Preakness.

Rombauer ($2 bet)

  • Win: $25.60
  • Place: $10
  • Show: $5.20

Midnight Bourbon ($2 bet)

  • Place: $4.60
  • Show: $3

Medina Spirit ($2 bet)

  • Show: $2.80

Exacta ($2 bet)

  • $98.60

Trifecta ($1 bet)

  • 162.70

Superfecta ($1 bet)

  • 1,025.50

Where to bet the Preakness Stakes and race schedule

The 147th Preakness Stakes is set for Saturday, May 21, 2022. 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 will compete in the Kentucky Derby, which is held earlier in the month of May. Check out Kentucky Derby odds at our KY Derby page.

  • Date: Saturday, May 21, 2022
  • Time: 6:47 p.m. ET
  • TV: NBC
  • Tablet, Online, Mobile: NBC Sports App and streamed live on 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 TVGBetAmerica and TwinSpires, where bettors in 33 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 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 no shortage of opinions or angles when it comes to the handicapping 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
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