Preakness Stakes 2022 Betting

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The Preakness Stakes is the middle jewel in the US Triple Crown of Thoroughbred Racing, run on the third Saturday in May at Pimlico racecourse in Baltimore, Maryland. It is run over the unusual distance of 1 mile and 1 1/2 furlongs, the winner earning a flower blanket of yellow Black-Eyed Susans and the coveted Woodlawn Vase - the most expensive trophy in American sports.

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Preakness Stakes Betting Tips


How To Bet On The Preakness Stakes

First run in 1873, the Preakness Stakes purse is $1.5million and always attracts the Kentucky Derby winner, as well as many of the US’s premier three-year-old thoroughbreds. It is the feature event across Pimlico’s three-day May meeting and music concert Infield, generating a carnival atmosphere around Baltimore, rockstars and racegoers mingling at the betting windows.

The Preakness Stakes day total horse racing betting handle exceeds $90million, a further $19million bet on the previous day’s Black-Eyed Susan race day, as more than 120,000 ascend the ‘Old Hilltop’

The Preakness Stakes betting attracts more than $55million in bets each year. Preakness Stakes betting markets include the ‘win’, ‘place’, and ‘show’ standard horse racing wagers, and also have these exotic bets:

  1. Exacta - Pick the first and second horse home in any race, in the correct order.
  2. Trifecta - Predicted the first three home in the right order.
  3. Superfecta - Select the first four to finish the race in the right order.
  4. Quinella - This bet boxes an Exacta, meaning you still win as long as the two picks finish in the first two, regardless of their order. You can also box a Trifecta and Superfecta.

You can bet on the Preakness Stakes at the racecourse and online, including on betting sites outside the US, with many online horse racing bookmakers offering Preakness Stakes betting markets, such is the international appeal of the Second Jewel.

BrandDaily Racing SpecialsLive Streaming RacingAnte Post RacingTote/Other MarketsVisit Site
Established 2001
Yes Yes Yes Yes
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Established 2020
No No Yes No
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit,: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets not eligible. Neteller,Skrill and Paypal not eligible. T&Cs apply. Gamble responsibly. www.begambleaware.org
Established 1997
Yes Yes Yes Yes
Min deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days • Casino Bonus expires after 60 days • Withdrawal restrictions, payment methods, country & Full T&C’s apply.

Top Preakness Stakes Betting Trends

The Preakness Stakes betting is dominated by the Kentucky Derby winner and other purse earners, those horses just about always winning the prize. But there can be surprises, like when Kentucky Oaks winner Rachel Alexandra won in 2009. These betting tips can help:


Recent Preakness Stakes Odds

The Preakness Stakes odds can often throw up a shock, as the nature of the course, and the placement on the calendar makes it notoriously tricky to win. The most recent recipients of the famed carnations have not all been favourites in the Belmont Stakes Odds:

YearHorseJockeyTrainerOdds / $2 Payout
2020Swiss SkydiverRobby AlbaradoKenneth McPeek12/1f / $26.00
2019War of WillTyler GaffalioneMark E. Casse6/1f / $14.00
2018JustifyMike SmithBob Baffert2/5f / $2.80
2017Cloud ComputingJavier CastellanoChad Brown134/10 / $28.80
2016ExaggeratorKent DesormeauxJ. Keith Desormeaux13/5 / $7.20
2015American PharoahVictor EspinozaBob Baffert9/10f / $2.80
2014California ChromeVictor EspinozaArt Sherman1/2f / $4.50
2013OxbowGary StevensD. Wayne Lukas154/10 / $32.80

The Preakness Stakes Course Information

The Preakness Stakes is run over 1 mile 1 1/2 furlongs on the dirt track at Pimlico Race Course in the US state of Maryland. The track is 1 mile oval with a rise on the infield that gives the racetrack it’s nickname, ‘Old Hilltop’. It opened in fall, 1870, with the colt Preakness winning the first running of the Dinner Party Sakes. Three years later that colt was honoured with the inauguration of the Preakness Stakes in 1873.

As well as the Preakness Stakes, Pimlico is famous as the venue at which the incredible match race between Seabiscuit and War Admiral took place on November 1, 1938. A crowd of 43,000 watched on as 1937 US Triple Crown hero War Admiral was defeated by plucky Seabiscuit in the Pimlico Special, run over the same distance as the Preakness.

BrandAcca Insurance - Y/NLoyalty ProgrammeSports X Acca InsuranceAcca Insurance - Max StakeVisit Site
Established 2019
Yes No 1 50
18+. New depositing STSbet.co.uk customers only. Promotion valid from 08/06/2021 until further notice. First deposit min. £20. Wager min. £100 on any sportsbook-related markets, single or accumulator bets, pre-match or in-play, with min. odds of 4/5. £5 cash for each £100 wagered. Up to £50 cash in total. Deposit method restrictions apply. Full T&Cs apply. BeGambleAware.org
Established 1997
Yes Yes 3 25
Min deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days • Casino Bonus expires after 60 days • Withdrawal restrictions, payment methods, country & Full T&C’s apply.
Established 2007
Yes Yes 40 20
New UK customers (Excluding NI) only. Mobile exclusive. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Payment method restrictions. 1 Free Bet offer per customer, household & IP Address only. 18+. T&Cs apply. Play Responsibly. www.begambleaware.org.

How is the Preakness Stakes field decided?

The Preakness Stakes field is limited to 14 runners, but there can often be more than 300 horses nominated for the race. In order to take part in the Preakness Stakes, horses must first be entered at a cost of $15,000 to pass the entry box, and $15,000 to start the race. If more than 14 horses pay to start, the final line up will be decided by prize money already won.

The first seven places are filled by horses accumulating the highest earnings in Graded races. The next four places go to horses accumulating the highest earnings in stakes races whose conditions contain no restrictions other than age or sex. The final three places are given to horses with the highest total earnings in all races.

In addition, no horse finishing in the first five in the Kentucky Derby shall be denied a place in the Preakness Stakes - or in the third Triple Crown race, the Belmont Stakes. There are also two ‘also-eligible horses’, or reserves chosen - they become a starter should any of the first 14 be scratched before the scratch deadline.

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Contributors

Contributors

Hi, I'm Diarmuid Nolan

"Diarmuid is a published horse racing journalist and creator of the #racehour twitter community which produces a weekly podcast and a home for all things horse racing throughout the flat and jumps season across the UK and Ireland."

Interests
  • Horse Racing
  • Football
  • Sports Betting

Reviewer since October 2019

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