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2021 Preakness Stakes Prop Bets

Preakness Stakes Prop Bets are available for the 2021 race.

When it comes to horse racing, three races reign supreme: the Kentucky Derby, Preakness Stakes and Belmont Stakes. With the Kentucky Derby already run, the 2021 Preakness Stakes is set to take center stage at Pimlico Race Course in Baltimore, Maryland, on May 15.

If you’re looking for alternative wagers on the Preakness, you’ve come to the right place. BetOnline Sportsbook has released Preakness Stakes prop bets, which you can find listed below. We’ll add more Preakness Stakes prop bets to this article as they’re posted ahead of the big race.

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Medina Spirit Gets the Go-Ahead for the Preakness

Medina Spirit, the Kentucky Derby winner, has been grabbing the headlines of late after the horse failed a post-race drug test due to the presence of the steroid betamethasone.

On May 11, Preakness officials announced they are allowing the Bob Baffert-trained horse to compete in Saturday’s race with additional testing and monitoring. According to the sportsbook, the odds of a Baffert-trained horse being the winner come in at +150, with the chances of a non-Baffert trained horse emerging triumphant coming back at +117. 

The two horses Baffert is entering in the Preakness are Medina Spirit and Concert Tour. Except for 2020, when the Triple Crown races were run out of order due to the COVID-19 pandemic, Baffert is undefeated with the Derby winner in the Preakness. 

What Starting Gate Will the Winner Come From?

Elsewhere in Preakness Stakes prop bets, bettors would be wise to pay attention to the prop surrounding which starting gate the eventual winner will come from. The odds for this prop firmly favor gates 1-5, as that option is the odds-on -180 favorite. The winner coming from gates 6-10 is listed as the +140 underdog.

Traditionally in horse racing, the best post positions vary, depending on factors such as track and total horses participating. The Preakness Stakes has seen the most success at the No. 6 post position, with 16 winners. The No. 7 position is a close second, with 14 winning horses produced.

That said, each of the post positions numbered 1-8 have seen double-digit winners since the introduction of the starting gate in 1909.

What Will the Winning Time Be?

The average time of Preakness winners in recent history is around 1:55.00. Secretariat holds the Preakness record at 1:53.00, but Swiss Skydiver made a run at it in 2020, running a blazing 1:53.28 last October. Swiss Skydiver had odds of +600 in that race, the same as 2019 winner War of Will.

For the 2021 race, the OVER/UNDER winning time has been tabbed at 1:55:00, with the OVER (-120) slightly more expensive than the UNDER (-110) in Preakness Stakes prop bets.

If you’ve never previously bet on the Preakness Stakes or horse racing and are unsure of which sportsbook to use, don’t sweat it. Odds Shark has put together a handy Preakness Stakes Betting Guide that even seasoned bettors may want to review to ensure you’re picking the best betting site for you

Here’s a look at the top Preakness Stakes prop bets available on the internet:

2021 Preakness Stakes Prop Bets

Will Bob Baffert train the winner of the Preakness Stakes?
OptionOdds
YES-150
NO+117

In order to cash in on this prop, bettors who wager YES will need either the Baffert-trained Medina Spirit or Concert Tour to win the Preakness Stakes. Bettors who wager on NO will require any other horse in the race to win the Preakness Stakes.

Will there be a gate-to-gate winner?
OptionOdds
YES+217
NO-275

A gate-to-gate winner is simple: it’s the horse that leads the pack from the beginning of the race until the end. A gate-to-gate winner’s chances of claiming the Preakness Stakes are never in doubt.

Which horse will finish last?
OptionOdds
Ram+400
France Go de Ina+500
Rombauer+600
Crowded Trade+650
Unbridled Honor+700
Keepmeinmind+750
Risk Taking+750
Midnight Bourbon+1600
Concert Tour+2000
Medina Spirit+2000

In order to cash in on this prop, all you need to do is correctly pick the horse that will finish the Preakness Stakes in last place.

What will be the starting gate of the winner?
OptionOdds
1-5-180
6-10+241

In the Preakness Stakes, there are 10 horses, each starting from their own gate. If you bet the 1-5 option, you’ll require the eventual winning horse to come from one of those gates. The same can be said for the 6-10 option.

Winning Time
OptionOdds
OVER 1:55-120
UNDER 1:55-110

This prop is all about timing. For the OVER to cash, the time of the eventual winner has to be more than one minute 55 seconds. For the UNDER to cash, the winning time must be less than one minute 55 seconds.

Top 3 finish
OptionOdds
Medina Spirit-250
Concert Tour-225
Midnight Bourbon+150
Rombauer+300
Risk Taking+330
Crowded Trade+350
Unbridled Honor+425
Keepmeinmind+450
France Go de Ina+550
Ram+800

If you have your eye on a horse to place high but aren’t sure about its chances of winning, consider a prop for a top-three finish. For bettors to cash in on this prop, the horse you wager on has to place in either first, second or third by the end of the race.

How to Read Preakness Stakes Odds

The most important aspect of figuring out how to bet on the Preakness Stakes online is ensuring you understand the odds. You can view 2021 Preakness Stakes betting odds at BetOnline Sportsbook. For example, the 2020 odds for Preakness Stakes contenders looked like:

  • Authentic +150
  • Art Collector +350
  • Tiz the Law +400
  • King Guillermo +1000
  • Thousand Words +1400
  • Happy Saver +2000
  • Mr. Big News +2000
  • Mystic Guide +2000
  • Pneumatic +2000
  • Dr. Post +2200
  • Liveyourbeastlife +3300
  • Azul Coast +5000
  • Mongolian Wind +6600

The horse with the lowest odds (Authentic +150) was favored to win the 2020 Preakness Stakes, while the other horses were all considered underdogs.

If you thought Authentic would win the Preakness Stakes and you wagered $100 on that horse, you’d get a payout of $250 had he won. You would receive your $100 back in addition to your winnings of $150. Our Odds Calculator shows you how much you’d win based on the odds and the amount wagered.