2024 Preakness Stakes Odds: Muth the Favorite in Second Leg of Triple Crown

The 149th Preakness Stakes kicks off from Pimlico Race Course this Saturday, May 18. The Preakness is often referred to as the "Run for the Black-Eyed Susans, in homage to Maryland's State flower, which is draped across the winning horse.

Keep in mind before placing your 2024 Preakness Stakes wagers, the favorite has won 73 of the 148 events. However, no favorite has emerged victorious since Justify won in 2018 en route to winning the Belmont Stakes and becoming the 14th Triple Crown victor.

New to horse racing betting? See Odds Shark’s horse racing betting guide and dive into all the 2024 Preakness Stakes odds below.

2024 Preakness Stakes Betting Odds

Preakness Stakes Horses: Race Form

Below is a list of some of the horses to keep an eye on for the Preakness Stakes. 

Muth +160

The Bob Baffert trained colt enters the 2024 Preakness as the favorite despite not taking part in the Kentucky Derby.

The last time this occurred was way back in 2012, as Baffert trained Bodemeister entered as a heavy favorite over surprise Kentucky Derby victor I'll Have Another. Incredibly, I'll Have Another won the Preakness handidly. Baffert has won the Preakness eight times, including with National Treasure just last year.

Muth won his last two starts at the Grade 2 San Vicente and the Grade 1 Arkansas Derby, where he bested Mystik Dan.

Mystik Dan +250

Can Mystik Dan repeat history and match I'll Have Another in defeating the Baffert trained favorite?

The +2500 Kentucky Derby winner collected a 101 Beyer Speed Figure in his win. He's the only entry in the Preakness to crack triple digits, with Muth next at 98. Trainer Kenny McPeek has history at Pimlico with Swiss Skydiver winning the race in 2020.

Only seven horses have won both the Kentucky Derby and Preakness Stakes in the 21st century. Mytik Dan aims to avenge his loss at the Arkansas Derby and make that eight.

Imagination +600

While he's been overshadowed by his stable mate Muth, Imagination has the speed and pedrigree to be a factor. He's never fared worse than second place in six career starts and boasts a 96 Beyer Speed Figure.

Imagination won the Grade 2 San Felipe has lost by a head in the Grade 1 Santa Anita Derby. While all of his posts have come out west, Imagination should travel well. There's a notable pipeline of horses who have performed at Santa Anita winning the Preakness. I'll Have Another famously won the Santa Anita before winning both the Kentucky Derby and Preakness. California Chrome, Exaggerator and Justify also won both the Santa Anita and Preakness in recent years.

At +600 Imagination is one of the best value bets on the Preakness odds board.

Which Preakness Stakes Longshot Should You Be Looking At?

I found Mystik Dan at +2500 odds to win the Kentucky Derby, so let's look at some sleepers in the 2024 Preakness Stakes odds.

Tuscan Gold +800

While he's not the 25-1 longshot Mystik Dan was, Tuscan Gold provides bettors with some value.

He came third in the Grade 2 Louisiana Derby, which runs at the same distance as the Preakness. On top of that, trainer Chad Brown has had great success recently at Pimlico Race Course, leading Clowd Computing and Early Voting to victory in the Preakness.

The trends also back Tuscan Gold, as over the last four racing seasons, no Kentucky Derby runner has won the Preakness Stakes.

Last 10 Preakness Stakes Winners