Mage (Left) is favored in the Preakness Stakes Odds
Horse Racing

2023 Preakness Stakes Odds: Mage Favored In Second Leg Of Triple Crown

So the clock is ticking down to the second leg of the Triple Crown and of course, all eyes will be on whether Mage takes his place and tries to become the 14th winner of the Triple Crown by adding first the Preakness Stakes and then the Belmont Stakes in June.

Both Forte and Practical Move were late defectors from the Kentucky Derby and will not be turning up at Pimlico.

It means that the Preakness Stakes odds are a little unclear right now. We do not know the final field, and post positions, and of course, that can play a huge part in determining the odds and who will be the chalk on the day.

New to horse racing betting? See Joe Fortenbaugh’s horse racing betting guide below.

What Are The Preakness Stakes Odds

Odds To Win the Preakness Stakes
First Mission+250
National Treasure+450
Blazing Sevens+700
Red Route One+1200
Perform +1400
Chase The Chaos+5000

Odds as of May 16

Preakness Stakes Horses: Pre-Race Form

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

MAGE +140

Mage was the winner of the Kentucky Derby, so it is going to be interesting to see if Delgado lets him take his chance. As the winner, he has odds of +600 to win the triple crown.

He was very impressive when breaking the maiden tag first start at Gulfstream Park and then followed that with an even better performance when fourth behind Forte in The Fountain Of Youth before winning the run for the roses and he'll be the chalk for the 2023 Preakness Stakes.


This horse represents Godolphin and Brad Cox, and was a pleasing second on debut before breaking the maiden tag next time at Fair Grounds by seven lengths.

He took a step up the class ladder next time to take in the Grade 3 Stonestreet Lexington and was a brave winner, battling all the way to the wire to edge out Arabian Lion, and there is plenty of upside to come after just three career starts.


National Treasure broke the maiden tag the first time at Del Mar and then finished second in the American Pharoah when tackling his barn buddy Cave Rock. He lost nothing in defeat and chased that one all the way to the wire.

He then finished behind his barn buddy and Forte in the Breeders Cup Juvenile. He was an unlucky fourth in the Santa Anita Derby on his last start, and he closed strongly to the wire and should be spot-on fitness-wise now.


He was a very easy winner when breaking the maiden tag on debut by more than five lengths and there was another four lengths back to the third horse, so this was a debut of some promise from the barn inmate of trainer Brad Cox.

His last run and opening run as a three-year-old was when third in the Blue Grass Stakes, and shows he has trained on and he'll be a fresh horse heading to The Preakness.


The son of Gun Runner broke the maiden tag the second time out when taking a maiden special weight on turf at Kentucky Downs.

He ran a fantastic race in the South West Stakes two back coming from last to second having been 10 lengths behind entering the stretch and his last run was a win in the Bath House Row Stakes where he came from further behind and got up on the wire to win by a nose.


We saw one of the most amazing performances of the whole year when Perform won the Federico Tesio Stakes at Laurel Park to secure a guaranteed spot in the 2023 Preakness Stakes.

He was last as they went down the backstretch, some 10 lengths from the speed. In the stretch, he looked like he was in impossible position. He first tried to go inside and was blocked, then outside and was blocked, went inside at the furlong pole, and ran home late to get up under the wire to win by a nose.


He has joined late to this and will likely struggle to make an impact. He was behind Perform when they met in the Federico Tesio Stakes and although he has won a couple of minor stakes races, he is likely to find these foes to tough and will struggle with this step up the class ladder.


Very impressive closing into a very fast pace at Golden Gate Fields in December when winning an Allowance Claimer by seven lengths and he took a step up the class ladder to win the El Camino Real Derby, again at Golden Gate Fields.

He was far back and on both occasions had traffic problems. He could be a bit of a sleeper here.

Which Preakness Stakes Longshot Should You Be Looking At?

While the field and post positions will be finalized nearer race day, let's try and pick a runner from this short field who could surprise the Kentucky Derby winner, Mage. The one we have chosen is below.


His late closing style could just reap dividends here. He is clearly on an upward trajectory after his last two stakes runs and could be the one at a big price to upset the shorter-priced favorites on Preakness Stakes Day.

Watch out for an odds update on Wednesday, May 17, and make sure to watch out for our full Preakness Stakes rundown over the next ten days in the lead-up to the big race.

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