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Home » Las Vegas Odds » Horse Racing Betting Odds » Preakness Stakes Betting Odds & 2025 Trustworthy Betting Sites

Preakness Stakes Betting Odds & 2025 Trustworthy Betting Sites

By Chris Wassel
Updated October 21, 2025

The 2026 Preakness Stakes is almost here — that electrifying instant before the gate bursts open, when the roar of the crowd peaks, tension tightens, and every bettor holds their breath just a moment too long. That’s the essence of the Preakness Stakes: fast, unforgiving, and full of opportunity for those who know how to play it right.

This guide was built for that exact moment. It starts with where you’ll find the best Preakness Stakes betting odds and continues through everything you need to know to wager smart — from trusted sportsbooks to expert insights and key race details.

And yes, the Vegas odds for the 2026 Preakness Stakes are already out. As of now, here’s who’s favored to cross the line first come race day:

Preakness Stakes odds 2026BetUSBovadaXbet
Journalism+160+175+160
Sandman+400+250+275
River Thames+450+520+500
Clever Again+500+800+850
Goal Oriented+600+600+600
Heart of Honor+1200+1200+1200
American Promise+1500+1500+1500
Pay Billy+2000+2000+2000
Gosger+2000+2000+2000
Last updated on: October 21, 2025

Preakness Stakes Betting Odds

Preakness Betting Odds

The 2026 Preakness Stakes — the second jewel of the U.S. Triple Crown — takes place on Saturday, May 16, 2026, at Pimlico Race Course in Baltimore, Maryland. As always, it promises high drama, huge betting pools, and a field packed with elite 3-year-olds chasing racing immortality.

While the Preakness doesn’t attract quite the same betting handle as the Kentucky Derby, it still ranks among the biggest wagering events of the year — and offers tremendous value for sharp bettors who know how to read the field.

Only 14 horses can start in the race, though it’s common for fewer to line up. The post-position draw takes place the Wednesday before race day (May 13, 2026), when officials assign starting gates and reveal the morning-line odds.

Here are some betting tips ahead of the big event:

  • Study the program carefully: Each horse’s listing includes pedigree, owner, breeder, trainer, and jockey, plus past performances, win/loss record, and career earnings.
  • Watch for the post-position draw: The placement of each horse in the gate can make or break their chances at Pimlico’s tight turns.
  • Check recent performances: Horses coming off a strong Derby run or showing consistent late speed often fare well at the shorter Preakness distance (1 3/16 miles).
  • Top connections matter: Prioritize top jockeys and trainers with proven Preakness success or strong Grade 1 form.
  • Track conditions count: Pimlico can play differently when it’s wet — look for horses that perform well on sloppy or muddy surfaces.
  • Compare odds vs. potential: Don’t just chase favorites; look for value in runners with improving form or favorable setups.
  • And if all else fails: Go with your lucky number or the horse name that speaks to you — sometimes instinct wins out.

Preakness Stakes Betting Online

Preakness Stakes online betting remains a key part of any serious bettor’s annual wagering calendar. For the 2026 Preakness Stakes, you don’t need to be at Pimlico Race Course to get in on the action — you can wager online through the top offshore sportsbooks featured on this page and across our site.

These platforms make betting the Preakness Stakes easier and more rewarding than ever, offering bonuses, rebates, and odds boosts you’ll never find at the track itself.

Beyond offshore sportsbooks, there are also off-track betting venues and Las Vegas sportsbooks across the U.S. where you can secure the best Vegas odds on the 2026 Preakness. You can place your bets at iconic spots like the Bellagio Race & Sports Book, or simply do it from home through trusted Vegas-style betting sites — wherever permitted in your jurisdiction.

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BetOnline

Betonline Betting

BetOnline gets horse racing — not just in passing, but in full stride. This isn’t a site that treats betting on Preakness Stakes like an afterthought. It treats the second jewel of the Triple Crown like the big deal that it is. From the moment you land on the racebook, it’s clear they’ve built this platform with serious bettors in mind.

The options for best bets for Preakness Stakes are near limitless. Win-place-show is just the start. You’ll find exactas, trifectas, superfectas, horse matchups, and race-day props that add even more juice to the board. The odds are posted early, which means you can build out your tickets ahead of the curve. Among Preakness Stakes betting tips, wagering early — before markets are fully mature — is one of the most advantageous.

Where BetOnline really impresses is how smooth it operates, even when the site is packed like it will be on race day. Markets are easy to find, bets are simple to place, and everything responds like it should — no lag, no confusion. Whether you’re locking in a pick before post time or making adjustments mid-card, the interface holds up.

There are few places that do online betting Preakness Stakes better than BetOnline. The site gives bettors options and control, which is more than half the battle most of the time. It’s a book built for those who want more than just a basic bet. Does that sound like you? If so, this site has your name written all over it. 

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BetUS

Betus Betting 2

BetUS doesn’t do small. Never has. And if there’s one race that matches that energy, it’s the Preakness. This is the kind of sportsbook that goes all out on Preakness Stakes betting — starting with a welcome bonus. While most books toss you a few hundred in free play, BetUS comes out swinging with a 125% sign-up bonus worth up to $3,125 (split across its sportsbook and casino) and a refer-a-friend bonus worth up to $6,000.

With BetUS, you’re not limited to one or two straight bets and hoping for the best. Now you can stack exactas across multiple races, load up on props, and fire off a superfecta just to see what happens. There’s a certain pressure that comes off since you have more “play money” — just be careful not to get too reckless. 

Outside of bonuses, the BetUS sportsbook itself is the real deal. BetUS brings more than just win-place-show to the table. You’ll get creative props like post-position outcomes, margin of victory, and time-based bets — plus exotic wagers that let you build high-payout tickets. The interface is smooth, the markets are easy to find, and it all ramps up perfectly for one of the biggest betting weekends in horse racing.

As we mentioned, BetUS is really for the bettor who wants to go all out come race time. Bets, bonuses, options — it’s overflowing on a betting site like this. Just make sure you can handle it cause it can be excessive for new bettors who aren’t used to a fast-paced style like this. 

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Bovada

Bovada Betting

We’ll be honest: online sports betting hasn’t always had the best reputation. Some people still think it’s a scam — and while that’s not true, a few shady operators over the years haven’t helped. But Bovada has gone a long way toward changing that perception. In 2025, it remains one of the most trusted offshore sportsbooks, backed by well over a decade of consistent service and a massive, loyal user base.

So how has Bovada earned that trust? By simply delivering a great betting experience.

It starts with the betting menu, which is extensive. Alongside the usual win, place, and show wagers, Bovada offers exactas, trifectas, superfectas, and special head-to-head matchups between horses. There are even prop bets tied to race day — from winning margins to post position outcomes — giving bettors more ways to think strategically beyond standard picks.

Bovada’s odds are another major strength. The lines are consistently sharp, offering strong value whether you’re backing a favorite or chasing a longshot. That edge might seem small, but over time, those extra points can make the difference between breaking even and turning a solid profit — something seasoned bettors understand well.

Ease of use seals the deal. The site is clean, intuitive, and fast, whether you’re on desktop or mobile. For both newcomers and experienced players, it’s easy to find markets, place bets, and manage funds without hassle. Put it all together, and Bovada stands out in 2025 as one of the best all-around spots to get action on horse racing. 

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MyBookie

Mybookie Betting

Let’s be upfront: MyBookie is best suited for bettors who are in it for the long game. If you’re only looking to place a few wagers on the Preakness Stakes and call it a day, there are better options on this list. But if you plan to bet year-round — on thoroughbreds and beyond — then MyBookie deserves a closer look.

The site is currently promoting an intriguing loyalty program called MyBookie+, which promises VIP-style rewards and benefits. However, as of 2025, it doesn’t appear to be fully live. The preview details look strong, suggesting a tiered rewards system built for regular bettors, but until the program officially launches, it’s too early to stamp it with a full endorsement.

In short, MyBookie makes the most sense if you see yourself sticking around well past Preakness Saturday. Once MyBookie+ goes live, it could easily become one of the better long-term value programs in offshore betting — less a one-off promo, and more of a genuine edge for players who treat wagering as a craft.

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Sportsbetting.ag

Sportsbetting Betting

Sportsbetting.ag isn’t for window shoppers. It’s built for bettors who show up early, come prepared, and want to own race day from the jump. If you’re eyeing the Preakness Stakes with intent — looking for edges before the field’s even finalized — this book puts you ahead of the pack.

Where Sportsbetting.ag really earns its stripes is timing. Odds here go live early — we’re talking Preakness win-place-show bets right after the Kentucky Derby ends and exotic wagers like trifectas and superfectas soon after. That speed matters. Early odds are where sharp bettors feast, and this site consistently gives you first crack at pricing before the market matures.

But it’s not just about speed — it’s the quality of the lines too. Sportsbetting.ag has a knack for posting odds that lean bettor-friendly, especially when the stakes are high. During marquee races like any of the Triple Crowns, where movement happens fast and public money floods in late, having a line that opened in your favor can be the difference between a cash and a close call.

Here’s the skinny on Sportsbetting.ag: it is built for the bettor who already thinking two races ahead. No bells, no gimmicks — just sharp tools, early lines, and a smooth ride to the betting window. If you want to attack the Preakness Stakes like a pro, this is the place to do it.

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Bookmaker

Bookmaker Ufc Betting 1

What Bookmaker lacks in flash, it makes up for in pure horsepower (pun fully intended). This isn’t a platform that tries to dazzle with trendy design or nonstop promos (it has neither) — it’s a place that’s been running steady for decades and still attracts some of the sharpest horseplayers around. When the Preakness Stakes rolls in, Bookmaker’s stripped-down, no-BS approach becomes a real game-changer.

Everything you need for race day is here. Win-place-show? Yep. Exactas and trifectas? Covered. Superfectas and head-to-head props? Ready to go. What’s refreshing is how cleanly it all operates. There’s no clutter, no “gamified” distractions. You log in, load up your bets, and let it rip. That’s a dream scenario for seasoned bettors who know exactly what they want — and don’t want to click through five promos to get there.

The other standout here is Bookmaker’s appetite for action. This site doesn’t shy away from big bets. You want to drop serious coin on a wager? Odds are Bookmaker will take it. Unlike books that freak out when you win or suddenly limit your stakes, this one leans into volume — a rarity that high-stakes Preakness bettors will appreciate.

So yeah, it might not be the prettiest site in the world, but Bookmaker runs like a thoroughbred. It’s fast, it’s tough, and it doesn’t spook when the money gets big. That’s exactly what you want if you’re throwing around big money.

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BetNow

Betnow Betting

BetNow is one of the few sportsbooks that feels like it was actually built for bettors — not marketers. While flashier platforms chase trends and shout the loudest, BetNow focuses on delivering a user-first experience that pays off, especially during big races like the Preakness Stakes.

One of the clearest examples of this is BetNow’s bonus structure. It’s not “here’s your one offer, take it or leave it.” No, BetNow actually offers a range of welcome bonuses, including up to 100%–125% on deposits to $2,500 (10x–12x rollover) with PROMOBUCKS or PROMOCRYPTO, and smaller 25%–30% reload-style bonuses (5x rollover) using WELCOME25 or WELCOME30, depending on whether you deposit with fiat or crypto. That’s four different options to choose from! On top of that, they’ve got ongoing rebates, including a sportsbook-specific one that gives two percent back. That’s not common, and it adds up fast if you’re betting serious volume (and losing since it pays net losses only).

For the Preakness itself, BetNow doesn’t overwhelm you. Instead, it gives you exactly what you need — nothing more, nothing less. All the classics are here: win-place-show, exactas, trifectas, superfectas. And if you want a little edge, there are some sharp head-to-heads and futures tucked into the mix too. It’s curated, not cluttered, which makes a huge difference on race day.

That’s the BetNow edge — clarity, control, and a betting setup that feels personal. When everyone else is trying to sell you on features you didn’t ask for, BetNow gives you the options to build your own lane. If you want a sportsbook that stays out of your way and lets you bet the way you want, then this one is it. 

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Everygame

Everygame Betting

Everygame is a race-day workhorse — efficient, clean, and dependable from the jump. It’s the modern evolution of Intertops, one of the earliest online sportsbooks, and that history shows up in how well the platform performs today, especially during big events like the Preakness Stakes when servers can get jammed and less functional places.

Everything about the race-day experience is smooth. Odds are clearly posted and updated in real time across win-place-show bets, exotics like exactas and trifectas, and matchup-style props. The interface stays fast no matter how busy the slate is, and getting your picks in before post time is never a scramble.

What also stands out at Everygame is consistency. The site doesn’t overcomplicate things, but it covers every angle you need — whether you’re taking a longshot or anchoring a bigger exotic strategy. It’s reliable both in odds and in speed, which is exactly what you want when you’re betting a race as unpredictable as the Preakness.

This is the kind of sportsbook you keep in rotation, not just for one race, but all year long. It handles business quietly, but gets it right when it matters most. That’s more than most betting sites can say. 

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XBet

Xbet Betting

Back in the early 2010s, mobile betting was a luxury. In 2025, it’s everything — and XBet is one of the best in the business. Among all the sites on this list, it makes a strong case for offering the best mobile betting experience overall.

From the moment you load XBet on your phone, it feels effortless. Odds refresh in real time, bet slips respond instantly, and pages glide without lag. Whether you’re placing a quick win-place-show or firing off an exotic bet mid-race, XBet handles it with precision. The platform’s speed isn’t just convenience — it’s a genuine competitive edge.

Where many mobile sportsbooks stumble, especially during live betting, XBet shines. On race day, when every second counts and odds can shift in an instant, the interface stays sharp and stable — no crashes, no delays, just clean, responsive control.

This isn’t about flash; it’s about performance. XBet focuses on what bettors actually need and cuts the clutter. If you’re betting the Preakness Stakes 2026 from your phone — and let’s be honest, most of us are — XBet is one of the best tools you can have in your pocket.

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Preakness Stakes Betting Menu

Ahead of the 2026 Preakness Stakes, bettors will have a wide variety of wagering options to choose from — ranging from straightforward picks to complex multi-race challenges.

  • Win: Bet on the horse you think will finish first.
  • Place: Your horse must finish first or second to collect.
  • Show: Your horse must finish in the top three to earn a payout.
  • Exacta: Pick the exact order of the first two finishers.
  • Trifecta: Predict the exact order of the first three horses.
  • Superfecta: Select the exact order of the first four finishers — one of the toughest bets, but potentially the most rewarding.
  • Daily Double: Choose the winners of two consecutive races, often pairing the Preakness with the race before or after it.
  • Pick 3, Pick 4, Pick 5, Pick 6: Bet on the winners of three or more consecutive races. The difficulty increases with each added leg, but so do the potential payouts.

From simple win bets to high-stakes exotics, the 2026 Preakness Stakes wagering menu offers something for every type of bettor — casual or seasoned.

Preakness Betting Odds

Preakness Stakes Betting Tips

When getting ready to place your wagers, knowing the historical trends can give you a good foundation on how to bet the Preakness Stakes.

  • Favorites don’t always win: Only about one-third of favorites have taken the Preakness in the past decade, well below the long-term average of roughly 50%. Don’t be afraid to look beyond the top betting choice for value.
  • Second choices are strong contenders: The second betting favorite has historically won about a quarter of recent editions — often offering better odds with nearly the same chance to hit.
  • Trainer trends matter: Legendary trainer Bob Baffert holds the record with eight Preakness victories, showing how much an experienced conditioner can influence results. Keep an eye on top barns with proven Triple Crown success.
  • Jockey experience counts: Veterans like Kent Desormeaux, Victor Espinoza, and Mike Smith have multiple Preakness wins, but first-time winners appear regularly too. A jockey’s chemistry with the horse and comfort under pressure are key factors.
  • Track conditions can flip the script: Pimlico’s surface can turn muddy or sloppy, especially in May. Some horses thrive in the wet (like Exaggerator in 2016), while others struggle — check past performances over off tracks before betting.
  • Use trends as guidance, not gospel: Historical data offers a strong starting point, but every Preakness field is unique. Combine stats with recent form, post position, and trainer intent for a well-rounded wager.

These angles won’t guarantee a win, but they’ll help you make smarter, more informed bets when the gates open at Pimlico.

Preakness Betting Odds

2026 Preakness Stakes Betting Tips

With the 2025 Kentucky Derby now in the books, attention turns to the next stop on the Triple Crown trail — the 2026 Preakness Stakes. The race typically features two kinds of contenders: those who ran well in the Derby and return on short rest, and those who skipped Churchill Downs altogether to target the Preakness specifically. Both types often produce legitimate win threats at Pimlico.

While the official field won’t be finalized until early May, it’s never too soon to start tracking potential entrants. Keeping tabs on how Derby runners recover and which fresh horses are being pointed toward Baltimore can give you a valuable edge when it’s time to lock in your bets for Preakness Stakes day.

Kentucky Derby horses in the Preakness Stakes

With Sovereignty capturing the 2025 Kentucky Derby at Churchill Downs, all eyes now shift to whether the new champion will chase the second jewel of the Triple Crown at Pimlico Race Course. Historically, the Derby winner almost always goes off as the favorite in the Preakness Stakes, and Sovereignty’s dominant performance has put him squarely in that position heading into Baltimore.

Trained to peak at the right moment, Sovereignty showcased both stamina and tactical speed in the Derby — a combination that bodes well for the slightly shorter 1 3/16-mile Preakness distance. If he maintains that form, he’ll be the one to beat once again.

Behind him, several other Derby standouts could take another shot in the Preakness. Horses like Sierra Leone, Fierceness, and Forever Young all ran creditable races in Louisville and would be among the main challengers should they head to Pimlico. Whether they can turn the tables on Sovereignty remains the central storyline as the road to the 2025 Preakness unfolds.

New Horses in the Preakness

In addition to Kentucky Derby runners, some horses point straight to the Preakness. Sometimes it is because they did not earn enough points to make it into the Kentucky Derby field, whereas other times it is because they were deliberately pointed to the Preakness.

One of the horses bypassing the Kentucky Derby, Muth, may end up being the Preakness favorite. He won the Arkansas Derby, marking himself as one of the best sophomores in training. However, trainer Bob Baffert is ineligible to race in the Kentucky Derby or any other race at a track owned by Churchill Downs until at least the end of 2025. He can race anywhere else, though, and he won the Preakness in 2023 with National Treasure, another horse who came in fresh after bypassing the Derby.

Other horses may come into the Preakness after winning races that offer a bid to the race. Endlessly was the first horse to earn a Preakness berth, doing so in the El Camino Real at Golden Gate Fields. However, he may actually go to the Kentucky Derby first after earning 100 points in the Jeff Ruby at Turfway Park. Other horses who earned Preakness berths in races include Informed Patriot, winner of the Bath House Row at Oaklawn, and Copper Tax, winner of the Federico Tesio at Laurel. Patriot Spirit earned $20,000 toward a Preakness entry by winning the Illinois Derby at Hawthorne, though he would have to be nominated late to the Triple Crown to take advantage.

Preakness Stakes Festival

The Preakness Stakes meeting is usually run over three days, with stakes races increasing in stature and purse through the Saturday races. Throughout the week of the Preakness, the best horses in every division make their way to Pimlico. There are exciting finishes and excellent betting opportunities.

Major races over the weekend other than the Preakness include the $300,000 Black Eyed Susan Stakes (G2), the $500,000 Dinner Party Stakes (G2), the $250,000 Pimlico Special (G3), $100,000 Allaire DuPont Distaff, the $100,000 Maryland Sprint (G3), the $100,000 Hilltop Stakes, the $100,000 Gallorette Stakes (G3), the $100,000 James Murphy Stakes, the $150,000 Miss Preakness Stakes (G3), the $200,000 Chick Lang Stakes (G3), the $100,000 Jim McKay Turf Sprint, the $100,000 Very One Stakes, the $100,000 Sir Barton, and the $100,000 Skipat Stakes.

This is going to be one of the biggest and most important betting weeks of the year at any track in the world, so make sure you are ready to place your bets.

Preakness FAQs

When is the Preakness Stakes?

The Preakness Stakes is typically run two weeks after the Kentucky Derby. In 2026, the Preakness Stakes will be run on Saturday, May 18, 2026.

Where is the Preakness Stakes?

The Preakness Stakes is run at Pimlico Race Course in Baltimore, Maryland.

Will the race be on TV?

NBC will once again broadcast the 2026 Preakness Stakes live from Pimlico Race Course, continuing its long-running coverage of the Triple Crown series. Post time for the Preakness is typically set for early evening, around 6:45–7:00 p.m. Eastern Daylight Time, though the exact start will be confirmed closer to race day.

Fans can also stream the full broadcast on Peacock, NBC’s official streaming platform, making it easy to watch the Preakness Stakes live from virtually anywhere with an internet connection.

How many horses compete in it?

The Preakness Stakes is limited to fourteen horses. It always draws a mixture of horses coming in from the Kentucky Derby and newer faces who prepared elsewhere.

How many people attend the track each year?

The Preakness typically draws between 130,000 and 140,000 people per year.

What is the purse for the Preakness Stakes?

The 2026 Preakness Stakes will feature a guaranteed purse of $2 million, matching the prize level from recent editions of the race. Unless organizers announce an increase closer to race day, bettors and fans can expect the same $2 million purse to be distributed among the top finishers at Pimlico Race Course.

Which Triple Crown races follow it?

The Preakness Stakes is traditionally the second jewel of the Triple Crown, run two weeks after the Kentucky Derby. There is one Triple Crown race after the Preakness, the Belmont Stakes in New York.

How long is the race?

The Preakness Stakes covers a mile and three sixteenths, or nine and a half furlongs.

Can bettors get Vegas odds on the Preakness while betting from home?

The power of the internet makes Preakness Stakes online betting possible, and our recommended sites give you real Vegas odds from anywhere. You can use any internet-connected device such as a desktop computer, laptop, tablet or smartphone to access these offshore sportsbooks and bet the Preakness Stakes from the comfort of home.

Is it possible to bet the Preakness Stakes from a mobile device?

Yes! You can visit the sportsbook website and bet the Preakness Stakes from any mobile device. That way, you can have the best betting experience and the best Vegas odds in just a few taps.

Which are the best sportsbooks for betting Preakness Stakes Vegas odds?

Our Las Vegas betting experts have reviewed the best offshore sportsbooks, all of which offer betting on the Preakness Stakes. Read their expert reviews of the top Vegas betting sites and learn which sites have the best Vegas odds, bonuses, features, and user interfaces.

Do sportsbooks offer any promotions for betting on the Preakness Stakes?

Many offshore sportsbooks offer excellent promotions for betting all Triple Crown races, including the Preakness, including deposit bonuses and rebates.

Do sportsbooks offer live streaming of the race?

This depends! Your best bet is to check the offshore sportsbook’s website directly, as some may offer it while others may not.

What types of bets are usually available?

Online sportsbooks offer Vegas odds on a full range of Kentucky Derby wagers. Bettors should learn about the horses and the bets, and choose wagers that they can bet confidently. Bettors should also take the time to choose the wagers and odds that provide right balance of payout and risk.

The following kinds of bets are popular on the Preakness Stakes
1 – Win bet
2 – Place bet
3 – Show bet
4 – Exacta
5 – Quinella
6 – Trifecta
7 – Superfecta
8 – Pick 3
9 – Pick 4
10 – Pick 5
11 – Pick 6

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