Preakness Stakes Betting Sites In 2024

Legal Preakness Stakes BettingThere are many different betting sites for 2024 Preakness Stakes, as online sportsbooks in the US have odds for every horse to win, place, and show. This race should be approached differently when picking your winning horse, as the Preakness Stakes is the shortest race of the Triple Crown events, at 9.5 furlongs. Along with props for the actual race, the best Preakness Stakes betting sites that accept US players have odds for the winning horse from the Kentucky Derby to win the Triple Crown. With many different gambling sites offering platforms for those learning how to bet on the Preakness Stakes, we wrote this page to review the top options. Many online racebooks for the Preakness have a variety of welcome bonuses that can be claimed by new players, along with a variety of secure deposit methods to get started.

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

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.

BetOnline Sportsbook

Fastest Payouts For The Preakness Stakes

BetOnline Sports Betting

BetOnline is one of the best sites for betting the Preakness Stakes because of the many fast and secure withdrawal methods available to all players in the US. There are over 15 different types of cryptocurrencies offered for same day payouts, including Bitcoin payouts that take anywhere from 30 seconds to 24 hours. Not only are all of these payout methods secure and fast, but there are no fees when using crypto. For more traditional players, BetOnline offers bank transfers and checks in the mail as withdrawal options but these methods take up to two weeks to process and be delivered.

MyBookie Sportsbook

Great Mobile Preakness Stakes Sportsbook

MyBookie Sports Betting

MyBookie is one of the best mobile sportsbooks for betting the Preakness Stakes because the entire site has been optimized to function smoothly on any smartphone. Whether looking to deposit before the race kicks off, or place a bet on the winner two weeks out, MyBookie can be accessed from the mobile browser of any device in the US. The online betting site even displays a live tracker of each horse as the Preakness Stakes kicks off, allowing players to watch bets unfold in real time on the second jewel of the Triple Crown.

Who Won The 2023 Preakness Stakes?

With +800 odds at online horse race betting sites, National Treasure finished first at the 2023 Preakness Stakes. John Velazquez was the jockey on the back of the winner and Bob Baffert trained the American thoroughbred. This win by National Treasure made it no longer possible for Mage to seek the first Triple Crown win since 2018.

Best Deposit Bonuses At Preakness Stakes Sportsbooks

All of the main online sportsbooks offer bonuses for all new players of the site and all of the funds can be used to bet on the Preakness Stakes. The best sportsbook bonuses can be redeemed through crypto deposits but there are still great options available with all other available deposit methods as well.

Site: Bonus Type: Max Bonus Credits: Deposit Match: Rollover:
Bovada Sportsbook Welcome (Crypto) $750 75% 5x
BetOnline Sportsbook Welcome (Crypto) $1,000 100% 14x
MyBookie Sportsbook Welcome $1,000 50% 10x
Sportsbetting Sportsbook Reload (Crypto) $350 35% 8x

Bovada Horse Racing Betting

Deposit Methods At Online Preakness Stakes Sportsbooks

Looking at BetOnline, Bovada and MyBookie, there are a handful of sportsbook deposit options when trying to bet on the Preakness Stakes. While every deposit method below is secure, online sportsbooks recommend using Bitcoin and other cryptocurrencies because there are zero fees for all deposits and the transactions process instantly.

Deposit Method Deposit Min Deposit Max Fees
Credit Card $20 $2,500 0-15.9%
Bitcoin $10 $500,000 None
Altcoins $20 $100,000 None
Bank Transfer $50 $25,000 Vary
MatchPay (Bovada) $20 $2,000 None

Preakness Stakes Betting Types

  • Straight Bets - If you want to learn how to bet on the Preakness Stakes winner, all you need to do is place a straight bet. 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 - This type 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.
  • Pick Bets - Pick 3’s are when you pick the winner of three separate races at online US sportsbooks with Preakness odds. 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. Looking at past winners might give you a better idea on who might win in the 2024 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 altogether.

Horse: Year: Odds:
National Treasure 2023 +800
Epicenter 2022 +180
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
*designates a Triple Crown Winner    **designates a filly

Pro Tip For Preakness Stakes Betting

  • Before the Preakness Stakes start is the best time for betting on the Triple Crown, as the Kentucky Derby has already been completed.

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 at legal Preakness Stakes betting sites as well. Due to how relaxed the government is in regard to horse races, there are plenty of resources available for legal betting in the USA when it comes to the Preakness.