BET THE PREAKNESS STAKES
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WHERE TO BET ON PREAKNESS STAKES
Get ready for the 2023 Preakness Stakes! See how you can get in on the action! Betting begins Friday, May 19!
HOW TO WATCH
Tune in to FanDuel TV+ for Preakness Stakes coverage featuring live racing and analysis. You can watch the live coverage of Preakness Stakes on NBC on May 20th.
LEARN MOREPREAKNESS STAKES CONTENDERS
The Preakness Stakes, aka The Run for the Black-Eyed Susans, recognized as the second leg of the coveted Triple Crown series, is scheduled to take place at Pimlico Race Course in Baltimore, Maryland, on Saturday, May 20th. This prestigious horse racing event spans a distance of 1 3/16th mile, the shortest of the Triple Crown races.
The draw for the 148th Preakness Stakes has taken place Monday, May 15th, featuring eight elite contenders. Below are the contenders running the race:
| Potential 2023 Preakness Stakes Contenders | |||
|---|---|---|---|
| Post Positions | Horse | Trainer | Odds |
| 1 | National Treasure | Tim Yakteen | 4-1 |
| 2 | Chase The Chaos | Ed Moger, Jr. | 50-1 |
| 3 | Mage | Gustavo Delgado | 8-5 |
| 4 | Coffee With Chris | John Salzman, Jr. | 20-1 |
| 5 | Red Route One | Steven Asmussen | 10-1 |
| 6 | Perform | Shug McGaughey | 15-1 |
| 7 | Blazing Sevens | Chad Brown | 6-1 |
| 8 | First Mission | Brad Cox | 5-2 |
PREAKNESS STAKES BETTING 101
There are many ways to bet on the Preakness Stakes. The most simple bets are called straight wagers: win, place, or show.
There are also more complex bets called exotic wagers. These involve predicting the order of multiple horses or the winners of several races. Exotic wagers include exacta, trifecta, superfecta, Super High Five, Daily Double, Pick 3, Pick 4, Pick 5, and Pick 6.
Check out our bet guide to help you learn more about how these bet types work to begin winning right out of the starting gate
Key Betting Factors to Consider
Betting on the Preakness Stakes can be both exciting and profitable, but it requires careful consideration and analysis. There are several key factors to consider when placing bets on the Preakness Stakes.
HORSE STATS & PAST PERFORMANCES: To increase your chances of winning, it’s critical to understand the horses. Assessing their strengths, weaknesses, recent performances, record, and factors such as age, weight, pedigree, and jockey is important.
TRACK CONDITIONS: It's important to study the Preakness Stakes track at Pimlico Race Course, which is relatively short compared to other tracks. Familiarize yourself with the track's peculiarities and how they may affect horse performance. Weather is also crucial to consider, with wet or muddy conditions affecting horse performance and dry conditions favoring horses with speed.
RACING ODDS: Another way to increase your chances of winning is by analyzing the odds and identifying undervalued or overvalued horses. Set a budget and stick to it when betting on the Preakness Stakes, as horse racing can be unpredictable.
PREAKNESS STAKES ODDS
Preakness Stakes odds, like other US horse races, are pari-mutuel, meaning they are based on public wagering. As more money is bet on a horse, its odds decrease, making it a favorite. Morning line odds estimate the betting public's approach to a race, factoring in the results of major 2023 horse races and the reputations of big-race trainers like Todd Pletcher and Chad Brown.
Although long shots can change this, the Kentucky Derby winner typically becomes the favorite. Horses winning Major Grade I races also attract bettors at Pimlico Race Course. On May 20th, live Preakness Stakes odds will be calculated using the pari-mutuel system, with final odds determined by dividing the total betting pool by the amount wagered on each horse.
Monitor race day odds, as they can differ from morning line forecasts, like War of Will's 2019 Preakness Stakes win, where his 4/1 morning line odds shifted to 5/1 starting odds. Preakness odds fluctuate significantly on the pari-mutuel system as the event nears, so be prepared for last-minute changes to your picks' odds.
2022 Preakness Results
The 2022 Preakness Stakes displayed Early Voting emerging as the triumphant champion in the 147th edition of the race, defying odds and beating the favorite, Epicenter. Jockey Jose L. Ortiz skillfully guided the three-year-old colt to the front of the pack, securing victory in this highly anticipated event. The Preakness Stakes is the second race in the Triple Crown series, following the Kentucky Derby and preceding the Belmont Stakes. Rich Strike, the surprising 2022 Kentucky Derby winner, opted not to compete in the Preakness, focusing on the upcoming Belmont Stakes instead.
If you want to have the best experience when betting on Preakness Stakes or any other race meet, download the FanDuel Racing app now! This essential horse racing app is perfect for on-the-go betting and will give you access to a variety of helpful tools to guide you through your wagers. Don't miss out on the excitement and convenience of betting with FanDuel Sportsbook - Download the App Today!
FAQ
WHEN AND WHERE IS THE 2023 PREAKNESS STAKES?
The 2023 Preakness Stakes will take place on Saturday, May 20, at Pimlico Race Course in Baltimore, Maryland.
IN WHICH STATES IS HORSE RACING AVAILABLE?
You can bet on horse racing directly through the Sportsbook app in the following states: CO, IL, IN, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY.
You can also bet on Horse Racing directly through our FanDuel Racing app in the following states: AR, CA, CO, DE, FL, IL, IN, KY, LA, MA, MD, MI, ND, NH, NY, NM, OH, OR, PA, RI, SD, WV, WY, VT, VA
Don't see your state above? Bet on Horse Racing through TVG powered by FanDuel and 4NJBets in the following states: TVG: AZ, CT, IA, ID, MN, MT, WA
4NJBets: NJ
WHY CAN'T I ACCESS HORSE RACING IN SPORTSBOOK?
You can bet on horse racing directly through the Sportsbook app in the following states: CO, IL, IN, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY
Horse racing is not currently available via the Sportsbook app in AZ, KA, TN, IA, CT, NJ
CAN I USE MY DEPOSITS AND WINNINGS FROM SPORTSBOOK TO PLACE BETS ON THE PREAKNESS?
Yes! You can use all of your sportsbook deposits and winnings to place bets on the Preakness Stakes! We make it easy for you to enjoy play with our integrated wallet.
When is post time for the Preakness Stakes?
The post time for the 2023 Preakness Stakes is approximately 6:50 p.m. EDT on Saturday, May 20, 2023.
How many horses are in the Preakness?
The number of horses competing in the Preakness Stakes varies each year, but there is a maximum of 14 horses allowed
I won my sports bet or horse racing bet. Where are my winnings?
Horse racing is one of the most exciting and unique sports in betting, from the Kentucky Derby, to the Belmont Stakes, and beyond.
But it can also be a bit complicated sometimes.
FanDuel and all other sports betting providers rely on official statistics and results from the leagues like the NFL or NBA. Horse racing is a little different depending on race course tracks and governing bodies, and it can include post-race inspection, video replay, and much more.
Because of this, it can take a little longer for any winnings to end up in your account following a race compared to other sports. This is called "bet settlement."
We must wait on any official results in case there are no disqualifications or issues with the confirmed outcome of the race.
What kind of bets can I make in the Preakness?
You can make the same kinds of bets on the Preakness Stakes that you can on any horse race: straight bets (win, place, show), exotic bets (exacta, trifecta, superfecta, Super High Five), and pick wagers (Daily Double, Pick 3, Pick 4, Pick 5, and Pick 6).
How do I understand the odds?
Betting on horse races is pari-mutuel: this means the odds are based on how people are betting. If more money is bet on a horse, the price will be shorter; if little money is bet on a horse, then the odds will be higher. Note also that odds on American races like the Preakness Stakes are phrased in terms of the multiple of profit you will get over the money you originally bet. For example, if a horse wins the Preakness at 5-1 odds, that means the horse will pay $12 to win: $10 worth of winnings, plus your original $2 stake.
Who won the Preakness in 2022?
Early Voting, ridden by jockey Jose Ortiz, won the 147th Preakness Stakes on May 21, 2022