2023 Preakness Stakes Betting – Horses, Odds and Predictions

The 147th rendition of the Preakness Stakes starts on Saturday, 21st May, representing some exciting betting opportunities for iterated players. The Preakness Stakes is a thoroughbred horse race that features Grade I horses running over 9.5 furlongs.

In addition to being an important event in the horse racing calendar, the Preakness Stakes betting is highly regarded in the wagering circles among interested bettors.

Preakness Stakes Betting Sites

In order to get as much action as possible, we urge you to check out some of the top Preakness Stakes betting sites.

  1. 97 /100

    FanDuel Racing

    Get a $20 No Sweat First Bet!
    Age and residency restrictions apply. See terms at racing.fanduel.com. Gambling Problem? Call 1-800-GAMBLER. Visit site
  2. 96 /100


    Get a $20 No Sweat First Bet!
    Age and residency restrictions apply. See terms at racing.fanduel.com. Gambling Problem? Call 1-800-GAMBLER. Visit site
  3. 95 /100

    AmWager Racebook

    100% First Deposit Match up to $150
    New users only. Must be of legal age in the relevant jurisdiction to open a wagering account. Full T&C Apply. Visit site
  4. 90 /100

    DRF Bets

    Get a $250 Deposit Match + a $10 Bonus Bet for The Preakness!
    New users only. Must be 18 or older (21 in AL, AZ, IA, IN, KS, NH, ND, WA). Full T&C apply. Visit site
  5. 90 /100

    TwinSpires Racebook

    $400 Sign Up Offer!
    Create your new wagering account with TwinSpires.com and earn a $200 sign up bonus! Must use promo code on registration to be eligible. Valid for one use per household. $200 bonus cash will be credited in increments of $100 for every $400 wagered. To earn the full $200 bonus players must wager $800 within 30 days of creating a TwinSpires account. Completed wagers mean that the race has run and the results are official. This sign up offer cannot be combined with any other registration bonus offer. Certain exclusions apply. Visit site
  6. 89 /100

    4NJ Bets

    Get Your First Single-Horse Win Wager up to $200 Back If You Lose
    New users only, 21or older. Full T&C apply. Visit site

Preakness Stakes Betting Information

The Preakness Stakes is a US thoroughbred horse race competition run over 9.5 furlongs and includes Grade I horses. It is held annually on the third Saturday of each May at Pimlico Race Course in Baltimore, Maryland. It is considered an imperative jewel of the Triple Crown (second to be exact) and comes two weeks after the Kentucky Derby.

Due to its immense popularity and importance in the horse racing world, online betting Preakness Stakes operators are considered highly regarded and are very much sought after, particularly players.

When is the Preakness Stakes?

The Preakness Stakes is held each year on the third Saturday of May. The 2023 Preakness Stakes falls on 21 May 2023.

Where is the Preakness Stakes?

The 147th edition of the Preakness Stakes will be held as it always is at the Pimlico Racing Course ground in Baltimore.

Which Race Type is Preakness Stakes?

The Preakness Stakes is a thoroughbred Grade I horse race type and is usually run over 9.5 furlongs (1+3⁄16 miles (1,900m))

When is the Field Drawn for the Preakness Stakes?

The field draws for the Preakness Stakes are held before the race, usually a week before the race. In the case of the 2023 event, the draw was held on Monday leading to the introduction of the race. 

Where Can I Watch the Preakness Stakes?

An important event such as the Preakness Stakes race should be followed thoroughly, and it is best to find a good operator that offers live streams of the event. Horse Betting Preakness Stakes can be viewed on some of the most prominent betting platforms. So interested players may check the availability of the streams and the rules that follow. The race starts at 6:45 p.m. ET.

Preakness Stakes Predictions

The Preakness Stakes betting odds are almost stacked and ready for the race to start. As every year, a total of 14 horses will look to capture the title of the fastest at the Pimlico Race Course. The Preakness race odds may be stacked against the favorites, but there is a clear list of some horses tipped as the top, particularly those from the most recent Kentucky Derby race.

Preakness Stakes betting


Simplification is an Antonio Sano-trained three-year-old horse that enters the race as a firm favorite. After finishing fourth in the Kentucky Derby, which was a surprise on its own, the story behind this race is that it has a high chance of finishing first. The odds intensify further when adding the Hall of Fame jockey, John Velasquez, into the mix.

Early Voting

Early Voting is an early favorite – no pun intended – entering the Preakness Stakes. The cold is trained by Chad C. Brown and has won three races leading into this race, with a single second place. They skipped the Kentucky Derby race, meaning that the horse should be rested for this one, giving them excellent Preakness Stakes betting odds.


Steve Asmussen, one of the best trainers in the game, will be training this horse, increasing their betting odds for the Preakness Stakes. The horse was primed to win the Kentucky Derby race as they entered as the favorite for much of the run. However, they came in second place, which still gives them a lot of chances to take Preakness instead.

Secret Oath

Secret Oath has a real advantage because it is trained by D. Wayne Lukas, a six-time Preakness winner. The horse did not complete at the Kentucky Derby, which we can assume was planned. Secret Oath is a true dark horse as Epicenter and Early Voting have been getting more attention and may surprise and come up on top.

Preakness Stakes Odds

As far as the current Preakness Stakes odds go, Simplification is the firm favorite. As the horse that finished second in the Kentucky Derby race, the horse is heavily favored to capture the crown. But they are not going to have an easy job with other forerunners like Creative Minister and Fenwick also being ranked high in the odds. 

The current odds on the Preakness Stakes reflect a possible situation, but everything can change on race day. View the table for the current odds, however, keep in mind that they can change once the race starts, while the Preakness Stakes live odds can further shift along with the race.

Horse Name Odds*
Simplification 6-1
Creative Minister 10-1
Fenwick 50-1
Secret Oath 9-2
Early Voting 7-2
Happy Jack  30-1
Armagnac  12-1
Epicenter 6-5

* Odds may change leading up to the start of the race.

Preakness Stakes Payouts

To get a certain perspective about the current situation, here are some of the payouts and how they were broken down in the last year’s race. 

Rombauer ($2 bet)

  • Win: $25.60
  • Show: $5.20
  • Place: $10

Midnight Bourbon ($2 bet)

  • Show: $3
  • Place: $4.60

Exacta ($2 bet)

  • $98.60

Superfecta ($1 bet)

  • 1,025.50

Trifecta ($1 bet)

  • 162.70

Preakness Stakes Horses

As far as the situation with the horses goes, the stake post position is as follows: 

  • Gate 1: Simplification
  • Gate 2: Creative Minister
  • Gate 3: Fenwick
  • Gate 4: Secret Oath
  • Gate 5: Early Voting
  • Gate 6: Happy Jack
  • Gate 7: Armagnac
  • Gate 8: Epicenter
  • Gate 9: Skippylongstocking

Having this info in advance can help interested punters get their Preakness betting online started.

You can check out your odds using TVG or TwinSpires.

Where to Bet on Preakness Stakes

The best Preakness bets can be made with some of the most popular horse racing sites. Being that this event is getting closer and closer, there is a lot to be had when it comes to such a crucial horse racing event. The best horse racing sites have already released their offers and listed the bet types.

Preakness Stakes is one of the three jewels in the Triple Crown, so winning this race comes as a very meaningful feather in the winner’s cap. All players can browse the list of sites that we have prepared for you and check the current odds and the situation when it comes to betting on this event.

The betting system works similarly to other betting sites, so you will not have any problems if you are familiar with horse racing. But if you are a novice, be sure to read our page in its entirety, as it works as an excellent Preakness betting guide.

How to Bet on Preakness Stakes

Preakness Stakes betting works similarly to other major horse races. Interested users will find a variety of bet types that go with the given markets. 

Bettors have a variety of wagers that they can use and place bets on. The majority of operators will release similar types of offers, but there are some that may differ. Players can consider the following betting types in terms of betting opportunities and making Preakness Stakes best bets. 

Straight Bets

There are three types of straight or basic bets when it comes to horse racing:

  • Win: The horse is expected to win the race and finish first. 
  • Place: For the bet to be a winning one, the horse must finish first or second.
  • Show: This type of bet requires a horse to finish in one of the first three places.

Exotic Bets

Exotic bets are perhaps considered advanced types of bets. Veteran players usually place these, but novices can also welcome to give it a go.

  • Exacta: A bettor should select two horses that need to finish 1st and 2nd for the bet to go through.
  • Trifecta: This type of bet requires selecting the three horses that are going to finish in the first three positions in the exact given order.
  • Superfecta: The hardest type of bet, requiring you to successfully pick the first four places and the exact horses in the correct order.

Furthermore, the above-mentioned exotic bets can be boxed, also called Box Bets. This would require adjusting the payouts a bit, but it also makes it much easier to win. For instance, if you choose a Trifecta Box, it means betting on the top three horses to finish but not having to pick the exact order. 

The list of states that allow Preakness Betting is vast as numerous US states have live operators and will offer you a chance to place horse racing bets. 

  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Wyoming
  • Illinois
  • West Virginia
  • Kansas
  • Kentucky
  • Wisconsin
  • Maine
  • Maryland
  • Louisiana
  • Massachusetts
  • Michigan
  • Minnesota
  • Indiana
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • Nevada
  • New Mexico
  • Idaho
  • New York
  • North Dakota
  • Ohio:
  • Oklahoma
  • Oregon
  • Washington
  • Rhode Island
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Vermont
  • Virginia

Preakness Stakes 2021 Results

The most recent Preakness Stakes race took place a year ago with the Rombauer taking home the victory. Rombauer was trained by Michael W. McCarthy and jockeyed by Flavien Prat. Check out the table for the most recent Preakness Stakes results. 

Finish Position Horse
1 Rombauer
2 Midnight Bourbon
3 Medina Spirit
4 Keepmeinmind
5 Crowded Trade
6 Unbridled Honor
7 France Go de Ina
8 Risk Taking
9 Concert Tour
10 Ram

History of Preakness Stakes

Preakness actually pre-dates the Kentucky Derby as it introduced a stakes race for horses that are of three years before the Kentucky Derby. The initial event was held in 1873. The then-current governor of Maryland chose the name of the race based on the horse that bared the same name from Milton Holbrook Sanford’s stud.

The Run For The Black-Eyed Susan
Black-Eyed Susans

The first Preakness drew only seven horses, with John Chamberlain’s three-year-old, Survivor, taking home the win and a winning purse of $2,050.


For more Preakness betting tips, check out the most commonly answered questions below.

What are the odds for the Preakness?

The current Preakness odds place Simplification as a 6-1 favorite. However, the odds might change with the start of the race. 

Where can I place a bet on the Preakness?

There are a variety of sites that offer Preakness best bets. You can find some of them on this very page. 

Who is the favorite in the Preakness?

The current favorites are Similfication, followed by Creative Minister, and Fenwick.

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