The Preakness Stakes is a betting staple in the month of May. Wagering is well underway for the 2023 Preakness and horse racing bettors will soon be checking their tickets to see if they cashed or not. Below we will have Preakness payouts as soon as the race results are available. This will include the payout figure for a win, place or show result as well as Exacta, Trifecta and Superfecta figures. This will be a look at who won the Preakness Stakes and all of the different ways you can bet on horse racing and sports.
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Preakness payouts
Update: National Treasure won the 2023 Preakness Stakes. The horse was 5/2 to win. Here are Preakness Stakes payouts based on a $2 bet.
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
Preakness payouts will be made available soon after the race results at Pimlico becomes official. The Preakness Stakes payout figures will include win, place, show, Exacta, Trifecta and Superfecta.
- Preakness Win
- Preakness Place
- Preakness Show
- Preakness Exacta
- Preakness Trifecta
- Preakness Superfecta
If the horse you picked finished first in the Preakness that means you garnered a Win. A first or second place finish means your horse Placed. If your horse finished first, second or third, that means your horse Showed.
Exotic bets include Exactas, Trifectas and Superfectas. An Exacta is when you correctly pick the order of finish for the first two horses that cross the finish line. Trifecta represents correctly picking the first three finishers in order. And superfecta is when you correctly pick which horses finish in the first four positions.
Here is a chart that shows the standard Preakness payouts for a $2 win bet. These are approximate payouts.
| Odds | Preakness Payouts |
|---|---|
| 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 |
Parimutuel betting
Betting on horse races like the Preakness is a little different than placing your standard sports bet. Instead of betting against a sportsbook, you are betting among other bettors. It is a “mutuel” bet, hence the parimutuel tag.
Payouts in horse racing depend on how many bettors wagered on the race and how many bettors correctly picked the winner.
