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Preakness Stakes Betting

Every year, on the third Saturday in May, horse bettors set their sights on the Preakness Stakes. The Grade I thoroughbred horse race and second leg of the journey to a Triple Crown title is held between the Kentucky Derby and Belmont Stakes races. This year marks the 144th race with contenders looking to stamp their place in Preakness Stakes history.

Bet on the 2019 preakness stakes here!

Held at Pimlico Race Course in Baltimore, Maryland, this event is especially exciting because it determines whether we’ll have a potential Triple Crown winner to root for at the Belmont Stakes in June.

How to Bet on the Preakness Stakes Online

This year, wagering options are abundant with Preakness Stakes odds available at all your favorite racebooks. Like Kentucky Derby wagering, Preakness bets require the agility of Secretariat. We’re kidding, of course. You can just lock it in to Odds Shark because we have odds and racing pages to help you make your Triple Crown bets. If you’re new to horse betting and would like to learn more about the different ways to bet on the sport, get started by checking out our racing tutorials:

Whether you’re a pro at picking winners from the top contenders, or making your first set of Preakness Stakes bets, we have betting trends and odds to keep you in top form like a Triple Crown winner:

The Preakness Stakes race will be telecast on Saturday, May 18, 2019, on NBC at 6:20 p.m. ET.

Preakness Betting Handicapping Info

Generally, the favorite is chosen as such for a reason. Favorites have won the Preakness Stakes more than half the time. Moreover, no horse with Stakes odds greater than +2300 (23-1) has ever won the race. When determining odds, oddsmakers look to a horse’s form. Horses with the sharpest form in past races are given the best odds.

Pace can make all the difference when handicapping Preakness racing. The Pimlico track surface is known to be kind to speedy horses, but stalkers have also fared well in the past. Stalkers are horses that come from behind after what can be perceived as a slow start.

Finally, a horse’s position can matter. Horses that start the race closer to the inside of the track have a shorter distance to run than ponies starting closer to the outside. The only problem is, a horse with an ideal position may get cut off by a faster horse.

Preakness Stakes Fast Facts

The Preakness Stakes is a Grade I race, which means it is a race that must meet all the criteria laid out by the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association (TOBA). Below you’ll find information about the race itself.

  • Horses have to be three years old in order to race.
  • The race is run over a distance of 1 3/16 miles (9.5 furlongs).
  • It is always held two weeks after the Kentucky Derby and two or three weeks prior to the Belmont Stakes. This is done to give horses and jockeys a chance to recover in between races and prepare for a possible Triple Crown win.
  • Secretariat holds the record for fastest time at 1:53.00. He is also considered one of the greatest horses to ever set hoof on a racetrack. Secretariat’s odds to win the Preakness Stakes were -333.
  • The Minisi – a tribe of Native Americans from northern New Jersey – called the area Pra-qua-les, which means “quail wood.” The word suffered so many misspellings that in the 1870s it eventually evolved into “Preakness” and stuck. General George Washington even referred to the area as “Preckiness” in 1776 while his troops were stationed there.
  • Hall of Fame jockey Eddie Arcaro holds the record for most Preakness Stakes wins (six), with his final victory coming in 1957 atop Bold Ruler.
  • Once the horses are called to the post, the United States Naval Academy Glee Club leads the crowd in a rendition of “Maryland, My Maryland,” the official song of the state.
  • Eight Maryland breeds have trotted their way to victory: Cloverbrook (1877), Dunboyne (1887), Refund (1888), Sly Fox (1898), Challedon (1939), Kauai King (1966), Bee Bee Bee (1972) and Deputed Testamony (1983).
  • The purse – how much the horse wins (or more aptly, how much his owners win) – is around $1.5 million. The first Preakness purse was $2,050, equivalent to $43,426.17 in today’s dollars.
  • Since 1940, a blanket of faux black-eyed Susans is draped over the winning horse. The reason the black-eyed Susans are fake is because these flowers don’t bloom until June in Maryland. Viking Poms, chrysanthemums, or daisies smothered in black lacquer are used to create the blanket.
  • Black-eyed Susans are used instead of roses (like in the Kentucky Derby) since Maryland’s state colors are black and yellow. Moreover, these flowers have 13 petals which symbolizes the original American colonies (Maryland being one of them).
  • Thirteen horses have won the Triple Crown, the most recent one being Justify in 2018.
  • The Preakness features a weather vane as part of the infield structure. As soon as a champion is officially declared, an artist has the task of climbing to the top of the Old Clubhouse and painting the weather vane in the colors of the winner’s silks.
  • The first Preakness Stakes to be televised was in 1948 on CBS.
  • The race has been run steadily since 1873 with the exception of 1891-1893.
  • The Woodlawn Vase trophy presented to the winner was made by Tiffany & Co. in 1860. A replica is presented to the winner with the real trophy on display.
  • Fillies (female horses) also run at Pimlico but in the Black-Eyed Susan Stakes. 2019 marks the 95th race and it will take place on the day before the Preakness Stakes on Friday, May 17.

Odds Shark’s horse racing handicapper Mike Dempsey will be covering the Preakness Stakes race and odds updates.