The Best Preakness Stakes Betting Sites
Welcome to our Preakness Stakes betting guide, which covers everything you need to know about wagering on the second leg of American horse racing’s prestigious Triple Crown.
We list the best Preakness Stakes betting sites, explain how to bet on the famous race online, provide details on recent winners and notable records, and much more.
Where to Bet on the 2023 Preakness Stakes
BetUS Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- BTC
- LTC
- ETH
- Premier destination for US bettors
- Racebook covering daily races
- Esports and virtual sports markets
- In-depth sports stats and tips
- Intuitive live betting markets
- Limited withdrawal options
22Bet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- EUR
- USD
- AED
- Available in over 30 languages
- Over 1000 events offered every day
- Extensive list of banking methods
- 24/7 customer service support
- Cryptocurrency accepted
- Lack of live streaming
20Bet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- Get big cash prizes as a VIP customer
- Access the site in 17 languages
- Live odds change via colour-coded boxes
- Explore in-depth sports rules on the site
- No live streaming service
- Long list of restricted countries
1xbet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- AUD
- AZN
- BDT
- Over 1000 daily sports events
- Dedicated smartphone apps
- Live streaming on site
- Cashier supports many currencies
- Long list of payment methods
- Design is convoluted and outdated
BetWinner Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- ARS
- RSD
- AUD
- Great welcome bonus for all new players
- Huge selection of markets and events
- Over 140 different payment methods
- Safe and secure website that is encrypted
- Online casino with top slots and games
- Restricted in many countries
LVBet Sports
Payment Options
Average Payout Speed
0 – 24 HoursCurrencies
- GBP
- User-friendly website design
- Live odds for 50+ sports
- Various virtual sports options
- Excellent customer support
- No live streaming service
- Limited withdrawal options
Features of the Best Preakness Stakes Betting Sites
Countless websites offer Preakness Stakes betting online, but how do you know which are worth your time? That’s where we can help.
At SBO.net, we’ve reviewed hundreds of betting sites since launching in 2011. We take many factors into consideration when reviewing sites, covering everything from licensing and security measures to payment methods and customer service, to help you find your ideal site.
The key features of the best Preakness Stakes betting sites include:
Best Odds Guaranteed
We can’t stress enough the importance of joining a betting site with Best Odds Guaranteed (BOG). It’s a concession offered by the best betting sites to guarantee you the best return possible. If you bet on a horse to win the Preakness Stakes and its starting price (SP) is greater, you will be paid at the best odds.
Free Bets & Bonuses
Because the Preakness Stakes is such a popular race, there’s a lot of competition between sites to earn your Preakness Stakes betting action. As a new customer, you can benefit from free bets and special deposit bonuses to bet on the big race. And the rewards continue long after the Preakness Stakes.
Live Streaming
Although you can watch the big race on television channels with broadcast rights, such as NBC in the US and Sky Sports in the UK, the best Preakness Stakes betting sites offer a live streaming service. This means you can watch all the action in HD on your desktop, tablet, or smartphone wherever you are.
A Beginner’s Guide to the Preakness Stakes
The Preakness Stakes is the second jewel of American horse racing’s Triple Crown, held two weeks after the Kentucky Derby and three weeks before the Belmont Stakes. The famous flat race is also known as “The Middle Jewel of the Triple Crown” and “The Run for the Black-Eyed Susans”. It ranks as the second-most popular day in American racing in terms of attendance, surpassed only by the Derby.
First run in 1873, the Preakness Stakes takes place each year on the third Saturday in May at Pimlico Race Course in Baltimore, Maryland.
The winner takes home a cheque worth at least $1 million and the coveted Woodlawn Vase, which was created by Tiffany & Co. of New York in 1860. Any horse that wins both the Kentucky Derby and Preakness Stakes enters the Belmont Stakes hoping for Triple Crown glory. Only 13 horses have won all three races since Sir Barton became the first winner of all Triple Crown races in 1919.
How to Bet on the Preakness Stakes Online
Thinking about betting on the Preakness Stakes online for the first time? Don’t worry, it couldn’t be any easier to get started. Follow our step-by-step guide to place your first Preakness Stakes bet in minutes:
Step 1
Join One of Our Recommended Sites
Your first step is to join one of the best Preakness Stakes betting sites listed on this page. Visit the site that ticks all your boxes, click the “register” button, and enter your personal details to create an account.
Step 2
Make Your First Deposit
The next step is funding your account. Navigate to the banking section and choose your preferred payment method. Fill in your details and enter how much you want to deposit, then click “confirm” to process your payment.
Step 3
Find Preakness Stakes Betting Markets
Now it’s time to find the Preakness Stakes betting markets. Find the horse racing betting section from the A-Z list of sports and click on “future races” or “ante post” for a list of upcoming races. Then click “Preakness Stakes” to view the latest odds for the prestigious flat race.
Step 4
Place Your Bets and Watch the Race
Once you decide which horse you’d like to back, click the odds beside its name to add the selection to your betting slip. Next, enter how much you want to bet and click “confirm” to process your bet. Now it’s time to wait for the race to begin and cheer your horse to victory.
Our Top Tips for Preakness Stakes Betting
Now you know how to bet on the Preakness Stakes online, it’s time for us to share our top tips to help you profit from betting on the second leg of American horse racing’s Triple Crown.
We’ll share our predictions for the 2023 Preakness Stakes when the field is confirmed but, in the meantime, here’s some advice to help you pick a winner.
Derby Success Doesn’t Guarantee a Double
Derby Success Doesn’t Guarantee a Double
Only 23 horses have won the Kentucky Derby and the Preakness Stakes. Considering how both races have taken place annually since 1875, this is a low strike rate. It suggests most horses fail to justify the hype after winning the Derby.
Remember, the Preakness takes place two weeks after the Derby, so it takes a special three-year-old to recover and win the middle jewel of the Triple Crown.
Fillies Rarely Win
Fillies Rarely Win
Only six fillies have won the Preakness Stakes since its first running in 1873. We must put this number into perspective, though: only 55 fillies have competed in the famous flat race.
Swiss Skydiver (2020) and Rachel Alexandra (2009) were the two most recent winners, with Nellie Morse (1924), Rhine Maiden (1915), Whimsical (1906) and Flocarline (1903) rounding out the fillies who have entered the winner’s circle at Pimlico.
History Favors Stalls 1-8
History Favors Stalls 1-8
There have been field sizes of nine runners or more in nine of the last 11 runnings of the Preakness Stakes. Only four of the 32 runners to finish in the top three across those races were drawn in stall nine or higher.
The middle stalls regularly deliver winners, as evidenced by 2021 Preakness Stakes winner Rombauer clinching the win from stall six.
Preakness Stakes Records
First run in 1873, the Preakness Stakes boasts several notable records. Some of racing’s most famous horses, jockeys and trainers have set marks that future competitors will dream of eclipsing.
From the fastest time and biggest winning margin to the most successful jockeys and trainers, here are some of the most impressive achievements in the history of this prestigious flat race.
Fastest Time
Fastest Time
Known as the fastest horse in history, Secretariat holds the official speed record for all three Triple Crown races. The ninth winner of the American Triple Crown was originally credited with a running time of 1:55 in the 1973 Preakness Stakes, but clockers recorded 1:53 3⁄5, which would be a new record.
After much controversy, the Maryland Racing Commission unanimously ruled to change Secretariat’s final time to 1:53 in June 2012.
Margin of Victory
Margin of Victory
The biggest margin of victory in the Preakness Stakes was set in 2004 by Smarty Jones, a horse that nearly won it all. The champion Thoroughbred won the Preakness by a record margin of 11 ½ lengths two weeks after winning the Derby.
Smarty Jones became the biggest favorite for the Belmont Stakes since Spectacular Bid and Secretariat in the 1970s but was upset by a late charge from 37.00 shot Birdstone.
Most Successful Jockey
Most Successful Jockey
Widely regarded as the greatest jockey in the history of American horse racing, Eddie Arcaro won the Preakness Stakes six times (1941, 1948, 1950, 1951, 1955, 1957). He also won the Kentucky Derby five times and the Belmont Stakes six times, more than any other jockey in history.
The six-time Preakness winner remains the only jockey to have won American racing’s Triple Crown twice (on Whirlaway in 1941 and on Citation in 1948).
Most Successful Trainer
Most Successful Trainer
Boasting seven wins apiece, Bob Baffert (1997, 1998, 2001, 2002, 2010, 2015, 2018) and the late Robert Wyndham Walden (1875, 1878, 1879, 1880, 1881, 1882, 1888) are the most successful trainers in Preakness history.
Baffert has won more Triple Crown races than any trainer in history and has trained two Triple Crown winners, so look out for horses trained by him when Preakness Stakes betting odds are released.
Recent Preakness Stakes Winners
Winning the Preakness Stakes is a prestigious accolade. Some of the greatest horses, jockeys, and trainers in racing history have landed in the winner’s circle at the Pimlico Race Course.
Here’s some key information on recent winners of the Preakness Stakes:
| Year | Winner | Jockey | Trainer | Time |
|---|---|---|---|---|
| 2022 | Early Voting | José Ortiz | Chad Brown | 1:54.54 |
| 2021 | Rombauer | Flavien Prat | Michael W. McCarthy | 1:53.62 |
| 2020 | Swiss Skydiver | Robby Albarado | Kenneth McPeek | 1:53.28 |
| 2019 | War of Will | Tyler Gaffalione | Mark E. Casse | 1:54.34 |
| 2018 | Justify | Mike Smith | Bob Baffert | 1:55.93 |
| 2017 | Cloud Computing | Javier Castellano | Chad Brown | 1:55.98 |
| 2016 | Exaggerator | Kent Desormeaux | J. Keith Desormeaux | 1:58.31 |
| 2015 | American Pharoah | Victor Espinoza | Bob Baffert | 1:58.46 |
| 2014 | California Chrome | Victor Espinoza | Art Sherman | 1:54.84 |
| 2013 | Oxbow | Gary Stevens | D. Wayne Lukas | 1:57.54 |
| 2012 | I’ll Have Another | Mario Gutierrez | Doug O’Neill | 1:55.94 |
| 2011 | Shackleford | Jesus Castanon | Dale Romans | 1:56.47 |
| 2010 | Lookin At Lucky | Martin Garcia | Bob Baffert | 1:55.47 |
Bet on the 2023 Preakness Stakes
The 2023 Preakness Stakes is scheduled for 20 May and online betting sites are already taking action.
You can place ante-post bets on the Preakness Stakes right now, though it’s worth noting the final field is yet to be confirmed. We will update our Preakness Stakes betting guide with information on all the runners and riders in due course.
In the meantime, join one of the best Preakness Stakes betting sites listed on this page to claim a generous welcome bonus and bet on the filly or colt you think will be first past the post.
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About the author
Eric Roberts
Sports Journalist
Eric has been a sports journalist for over 20 years and has travelled the world covering top sporting events for a number of publications. He also has a passion for betting and uses his in-depth knowledge of the sports world to pinpoint outstanding odds and value betting opportunities.
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