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.

Best Preakness Racebooks

Preakness Stakes Betting Sites New U.S. Player Bonus Go To U.S. Betting Site

Bovada RacebookReview50% Up To $250
BetOnline RacebookReview50% Up To $1,000 NEW!
MyBookie RacebookReview50% New Member Bonus!
Sportsbetting RacebookReview50% Up To $1,000 NEW!
Xbet SportsbookReview100% Up To $300

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.

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 2023 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.

Horse: Year: Odds:
Rombauer 2021 +1100
Swiss Skydiver 2020 +1100
War of Will 2019 +600
Justify* 2018 -200
Cloud Computing 2017 +1300
Exaggerator 2016 +300
American Pharoah* 2015 -125
California Chrome 2014 -167
Oxbow 2013 +1500
I’ll Have Another 2012 +300
Shackleford 2011 +1200
Lookin At Lucky 2010 +250
Rachel Alexandra** 2009 +180
*designates a Triple Crown Winner    **designates a filly

Bovada Sportsbook

Top Online Preakness Sportsbook

Bovada Sports Betting

Bovada is a well known online sportsbook that operates in 45 states in America, more than any state-regulated book. Bovada offers very solid odds on the Preakness Stakes and other horse races, along with an easy to use website that can be used on both iPhones and Android devices with very few problems. They have great signup bonuses, and they offer odds on horse races all over the world, from big ones to small ones. If you’re looking for a place to wager on the Preakness Stakes, it’s hard to do better than Bovada’s excellent sportsbook and racebook.