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.
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’
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