Legal Preakness Stakes Betting

Legal Preakness Stakes BettingKnown as the second jewel of the Triple Crown, legal Preakness Stakes betting is guaranteed to draw in plenty of action. Depending on how the preceeding race pans out, the Preakness is a time to see if a new Triple Crown winner will arise. The race takes place in the Pimlico Race Course in Baltimore, Maryland. The Preakness Stakes is a slightly shorter track than the Kentucky Derby at 9.5 furlongs, and that could make all the difference. If one of the horses from the Kentucky Derby tired out right before the finish line, they could possibly make it all the way at the Preakness Stakes.

In this page, we are going to help you prepare for the Preakness Stakes. Horse betting is one of the most widely accepted forms of gambling in the country. As gambling becomes more accepted in the United States, it is getting easier than ever to bet on the ponies. If you are looking for the current odds, how and when you can watch the race, the legality of betting on the race, how you can bet on the race, and there will be a list of some of the past winners of the Preakness Stakes. If you like horse racing in any capacity, then this is the perfect page for you.

How The Coronavirus Affected The Preakness Stakes

The Preakness Stakes, the second leg of the Triple Crown, had to be rescheduled to October 3, 2020. The event was originally scheduled for its traditional May 16 racing date but had to be postponed. The Second Jewel of the Triple Crown was the third jewel this year, as the Kentucky Derby and Belmont Stakes had already occurred. The Belmont was won by Tiz The Law and the Kentucky Derby was won by Authentic, while the Preakness was won by Swiss Skydiver.

Current Odds For The 2020 Preakness Stakes

Historically speaking, there are some interesting Preakness betting trends that are worth keeping in mind. For example, betting on the favorite is always a wise choice, as the favorite has won the event 73 times in the event’s history. Sometimes the odds presented aren’t worth taking when they are on the favorite and you can find better interest with a longshot. Anything can happen in horse racing, so don’t feel like you’re wasting a bet.

The Preakness Stakes, the final jewel of the Triple Crown, was won by Swiss Skydiver, who was a +1000 underdog before the race. He was more or less in the second tier of competitors, so it wasn’t a true dark horse victory, but Swiss Skydiver was perhaps the biggest underdog to win in any of the Triple Crown races this year. The first two races were won by blue chippers - Tiz the Law and Authentic, while Swiss Skydiver never got under +1000 odds. Below, you can find the 2020 odds, preserved for posterity, as well as some pre-race horse profiles, so you can see what people were thinking about the race at the time. Hopefully it can be informative as to how narratives can form and favorites be made.

Horse Spotlight: Authentic

AuthenticAuthentic is the leader on the Preakness Stakes odds boards, and the presumed favorite to win the race. Authentic’s favored odds are nearing even against the field, although they are not there yet. Authentic won the Kentucky Derby, which was the second Triple Crown race this year, beating out Tiz The Law, who won the Belmont Stakes. In the absence of Tiz The Law, Authentic stands alone as the most dominant racehorse on the track. Bob Baffert seems to have raised yet another elite horse.

Horse Spotlight: Art Collector

Art CollectorArt Collector sees a turn as the second-place favorite on most of the odds boards, sitting only a little bit behind Authentic. Art Collector's odds have gotten shorter and shorter as the Preakness approached. Art Collector had to miss the Kentucky Derby, but, with the withdrawal of Tiz The Law from the field, is the biggest competitor to the Bob Baffert trained Authentic. Indeed, Authentic and Art Collector make up the top tier of horses in this field, with the next closest horse, Thousand Words, having odds that are three times as long as Art Collector's. Keep an eye on Art Collector as a quasi-underdog option. He has a real shot at a win at the Preakness Stakes.

Can I Legally Bet On The Preakness?

The Preakness Stakes is legal for many people to bet on no matter which state you live in. This tradition of betting on Preakness has been around since the purse money for the jockeys was only $1,000. There are no federal laws that say that you cannot bet on horses. On the state level, almost every one of them allows you to bet on horse races as well. Due to how relaxed the government is in regard to horse races, there are plenty of resources available including offshore betting sites. So instead of going all the way to Maryland to bet at the track, try using a legal online horse racing betting site instead.

How To Bet On The Preakness Stakes

If you are someone who is excited about the race happening at the Pimlico Race Course in Baltimore Maryland, you might be wondering how you can bet on the Preakness Stakes. Step one, of course, is visiting a racebook that offers odds on the Preakness, but you also need a bit of knowledge as to what horse betting actually entails. In the below section, we will discuss the various wager types you can take part in a bet on the Preakness Stakes.

Preakness Stakes Betting Types

There are a large number of wager types you can utilize to place a bet on the Preakness Stakes at any of the major USA online sportsbooks. The most simplistic types of horse race bets are straight bets. If you want to simply make a win bet, all you need to do is pick the winner of the Preakness Stakes. If you bet on a horse to place, that means they come in either first or second. Show is similar to place, you just need to pick a horse and they need to come in first, second, or third. Across the board betting essentially allows you to make all three bets at once. You will earn more money if your pick places higher, but you will still get something if they just end up in third place. Think of it like a bet with a hedge built into it - lower profit, lower risk.

Exotic bets are a bit riskier than straight bets. Exotic bets usually make you place a bet on multiple horses. The exotic bets are exactas, trifectas and superfectas. An exacta bet requires you to pick the first and second place winners in the exact order. If your second-place pick ends up in first, you lose. Trifecta bets are essentially the same thing, but you are adding third place to the mix. A superfecta is upping the difficulty by making you pick exactly who is going to place first, second, third, and fourth. That is a total of four horses that must perform exactly as you predict to win.

In addition to the -fecta bets, there are also pick bets. Pick 3’s are when you pick the winner of three separate races. It's essentially betting on three separate races, but if you lose one of them, then your whole wager becomes a bust. This is similar to a parlay bet in other sports. As you can see, there are multiple ways for you to place your bets on the Preakness Stakes.

Past Winners Of The Preakness Stakes

The Preakness Stakes has had a long history of winners throughout its history. Looking at past winners might give you a better idea on who might win in the 2021 Preakness Stakes. There are a number of winners of the Preakness Stakes that upset the winner of the Kentucky Derby, won both the Derby and Preakness but lost the Belmont Stakes, or won the Triple Crown all together. There are far too many Preakness Stakes winners to list them all, but we can show you the last 10 so you can look at current trends.

  • Swiss Skydiver (2020)
  • War of Will (2019)
  • Justify* (2018)
  • Cloud Computing (2017)
  • Exaggerator (2016)
  • American Pharoah* (2015)
  • California Chrome (2014)
  • Oxbow (2013)
  • I’ll Have Another (2012)
  • Shackleford (2011)
  • Lookin At Lucky (2010)
  • Rachel Alexandra** (2009)

*designates a Triple Crown Winner
**designates a filly

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