Preakness Stakes Horse Betting
As the 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 concludes the Triple Crown as the series' 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 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 2021 Preakness Stakes (May 15, 2021) and other horse races, you can get in on the action without traveling to the Pimlico Race Course in Baltimore, Maryland. That means that each and every year, you can legally place online bets on the Preakness Stakes, as well as on any 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 Horseracing Act (IHRA).
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 146th Preakness Stakes - Dates, Channel And More
Date Of The Preakness: Saturday, May 15, 2021
Time: 6:30 EST (estimated)
TV Channel: NBC
Coverage Start Time: TBA
Location: Pimlico Race Course, Baltimore, Maryland
2021 Preakness Stakes Odds
Currently, there are no betting odds for the Preakness Stakes, as it will be run after the Kentucky Derby. However, you can be sure that – barring injury or COVID rescheduling – the winner of the Derby will be the odds-on favorite to win the 2021 Preakness Stakes.
That's usually how it works out, and a large proportion of the time, the Derby winner indeed takes the Preakness. When that happens, there will be lots of buzz about a potential Triple Crown winner, which is actually a horse betting future you can place right now:
Will there be a US Triple Crown winner in 2021?
- Yes +550
- No -800
Of course, if the Derby winner wins the Preakness, the odds you see above will shift accordingly, rendering your payouts on the affirmative less lucrative than they are right now. In other words, if you think there's going to be a Triple Crown winner in 2021, place your bets ASAP!
2021 Preakness Stakes Field
The 2021 Preakness Stakes field is not yet set, as the roster will be announced in the week after the Kentucky Derby. Once the field is set and gate positions are drawn, all the best online racebooks will have plenty of Preakness betting lines to choose from. Be sure to check back soon for updates!
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.
2020 Preakness Results
In 2019, the highlight of the Preakness was when Bodexpress threw his jockey right out of the gate and then ran the entire race without his rider. While no such bizarre event occurred in the 2020 Preakness, the race was still interesting, particularly because it was the last event run due to COVID rescheduling. Instead of being run in mid-May, the contest was held on October 3 as the final leg of the Triple Crown series.
Because different horses won the 2020 Belmont Stakes and 2020 Kentucky Derby, there could be no Triple Crown winner, but betting was still brisk. Authentic – the winner of the Derby – was the favorite but finished in second to Swiss Skydiver, who had +600 morning line odds.
- Swiss Skydiver
- Jesus' Team
- Art Collector
- Max Player
- Mr. Big News
- Thousand Words
- Ny Traffic
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