Preakness Stakes Horse Betting
As the traditional second leg of the US Triple Crown of thoroughbred racing, the Preakness Stakes is usually run each year exactly two weeks to the day after the Kentucky Derby. Three weeks after the Preakness, the Belmont Stakes usually culminates the Triple Crown as the final leg.
That is what makes the Preakness so important each and every year from among the other popular horse races we can legally bet on. No matter which horse wins the Kentucky Derby, the possibility of a Triple Crown is still alive up until, and sometimes even after, the Preakness is run. For bettors, the Preakness winner will determine how much action and attention the Belmont gets. If a horse is contending for the Triple Crown, the Belmont becomes the hottest story in sporting news.
With legitimate offshore racebooks licensed to provide legal online betting on the Preakness and other horse races, you can get in on the action without traveling to Baltimore, Maryland. That means that each and every year, you can legally place online bets on the Preakness Stakes, as well as a potential Triple Crown winner.
Is It Legal To Bet On The Preakness Stakes Horse Race In The United States?
Yes. Betting is allowed at the racetrack, and from a few state-regulated sportsbooks and betting terminals. You can also legally place bets on the Preakness Stakes through offshore racebooks and sportsbooks as long as they are licensed and regulated by a respected government located outside of the USA. These legal US betting options are governed by the 1978 Interstate horse-racing act.
United States gambling law prohibitions do not include licensed offshore sportsbooks. Legitimate offshore gambling sites are also outside of US jurisdiction. As long as the online racebook or sportsbook you are using is licensed and regulated, US citizens are not in violation of any federal gambling laws. To learn more about gambling regulations in the United States and how they impact sports betting and horse race betting, visit our guide to understanding USA gambling laws.
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To Bet On The Preakness Stakes Race
Details Of The 145th Preakness Stakes - Dates, Channel And More
Date Of The Preakness: Saturday, October 3, 2020
Time: 6:45 pm
TV Channel: NBC
Coverage Start Time: 5:00 PM
Location: Pimlico Race Course, Baltimore, Maryland
2021 Preakness Stakes Odds
Currently, there are no betting odds for the Preakness, as it will be run after the Kentucky Derby. Because of the coronavirus outbreak, the Preakness will actually be the third leg of the Triple Crown in 2020, and we won't know if a contender will emerge until the Derby concludes on September 5. And with nearly a month between the Derby and the Preakness, trainers and horses will all have a hard time hitting their strides and peaking at the right time. This is an unprecedented racing schedule to say the least, and bettors need to take that in mind.
That said, 2020 Belmont Stakes winner Tiz the Law is a massive favorite to win the Kentucky Derby, and if he does, there could still be a Triple Crown winner. Remember, these champions tend to come in bunches historically, with about 8-10 generations between each batch of Triple Crown winners. We've had two such champions lately (American Pharoah in 2015 and Justify in 2018), and Maximum Security could easily have been the third in 2019. Perhaps Tiz the Law will defy the COVID-19 lockdowns and make 2020 a year to remember for bettor reasons!
Betting On The Preakness Stakes
There are several things bettors must take into account regarding the Preakness Stakes. For starters, which horses are competing. Oftentimes there are different horses than in the Kentucky Derby. Trainers will run different horses for a variety of reasons including rest periods, stress from the first race, training incidents (positive and negative), etc. It is important to know the horses running in the race as well as their trainers and history.
For example, if a horse had a solid time and won the Kentucky Derby, it is possible fatigue will set in or they picked up a slight injury. There are 2 weeks in between races, giving ample recovery time, but that does not mean the physical stress won’t affect the horse. This is why we encourage bettors to look into the horses competing before placing any final wagers.
As far as betting from a legal standpoint, the only thing to ensure is that you are betting with a site that is legally licensed and regulated. All of the sites listed on this page are considered legal in the eyes of the US government and have been vetted for licensing credentials and stringent regulatory protocols. Betting through a sportsbook that is not legally licensed and regulated can get you into legal trouble.
2019 Preakness Results
The 2019 Preakness Stakes was one of the least anticipated horse races in a generation or more (but still set a betting record, somehow) due to the scandal surrounding Maximum Security's Kentucky Derby disqualification and the fact that Derby runner-up (and winner by way of DQ) Country House was scratched from the Preakness, guaranteeing no Triple Crown contender for the year.
With the Derby's best performers out, here's how the 2019 Preakness Stakes results shaped up.
- War of Will (4-1)
- Everfast (50-1)
- Owendale (10-1)
- Warrior's Charge (12-1)
- Laughing Fox (20-1)
- Improbable (5-2)
- Win Win Win (15-1)
- Bourbon War (12-1)
- Signalman (30-1)
- Anothertwistafate (6-1)
- Alwaysmining (8-1)
- Market King (30-1)
- Bodexpress (20-1, DNF)
The highlight of the 2019 Preakness was when Bodexpress threw his jockey right out of the gate and then ran the entire race without his rider. While this DQ'd him automatically, Bodexpress did manage to cross the finish line. This garnered far more press than War of Will's triumph, which was short-lived due to the latter's terrible 9th place finish at the Belmont Stakes three weeks later after being a heavy 2-1 favorite.
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