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, has been rescheduled to October 3rd, 2020. The event was originally scheduled for its traditional May 16th racing date but had to be postponed. The coronavirus has already caused a number of sporting leagues to suspend operations amid fears of spreading the global pandemic. Right now, the latest news is that the race has been postponed to October 3rd, about a month after the rescheduled Kentucky Derby. This leaves the Belmont Stakes - postponed only two weeks- as the first leg of the Triple Crown this year, marking a unique departure from tradition, in a sport so known for it.

Current Odds For The 2020 Preakness Stakes

Given the postponement of the race there are not currently odds on the 2020 Preakness Stakes. The race is, after all, several months later than normal. However, 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. While the odds for the horses has not been listed yet due to the race being a few months away, we will be sure to update this page and explain and detail the odds for the 2020 Preakness Stakes. 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.

Right now, based on the available odds for the Kentucky Derby, the horse to keep an eye on appears to be Belmont Stakes winner Tiz the Law, who is at the top of the racing odds boards. Tiz the Law is a major contender in all of the Triple Crown races this year, and the most likely horse to win the Triple Crown this year, if any will. Keep an eye out for him when the odds for the Preakness go up, but be warned - things change fast in the world of horse racing.

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

The Preakness Stakes has had its place in history for almost as long as the Kentucky Derby has been around. The famed Second Jewel of the Triple Crown is a 9.5-furlong race for 3-year-old horses. The Preakness Stakes was first run all the way back in 1873. Outside of three years back in the late 1890s, the Preakness Stakes has been active ever since. The Preakness Stakes is normally held two weeks after the Kentucky Derby, although the COVID-19 pandemic and the delay it has caused in the Kentucky Derby has thrown this into doubt, of course. 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. 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 2019 Preakness Stakes. There is 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.

  • 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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