The Preakness Stakes is the second leg of the Triple Crown Series. It’s the race that follows the Kentucky Derby as the winner looks to continue the quest for the Triple Crown, which has only been achieved by 13 horses throughout its illustrious history. And soon, the 145th Preakness Stakes will be upon us.
Are you ready to bet on the Preakness?
Also known as “The Run for the Black-Eyed Susans”, the Preakness Stakes first occurred in 1873. It is held on the third Saturday in May each year at the Pimlico Race Course in Baltimore, Maryland. The race is 1 3/8 mile and runs on dirt. It is a Preakness is a Grade 1 race and the purse money is $1.5 million.
Yes, you can bet online for the Preakness. Read all about the Preakness and how to bet online below!
You can also bet on the Preakness Stakes online. Below is the best available Preakness betting site:
The Preakness Stakes is a race restricted to three-year-old horses. Colts and geldings must carry 126 pounds, while fillies will be holding 121 pounds.
The Kentucky Derby winner is guaranteed a spot in the Preakness.
Any horse nominated to the Triple Crown can run in the Preakness Stakes. This includes horses who may have decided to skip running in the Kentucky Derby. Due to the field being cut down to 14 from 20, there may be more horses looking to enter the Preakness than can actually run. In this case, the top 14 horses will be chosen by lifetime earnings. But keep in mind, the Kentucky Derby winner, regardless of lifetime earnings, will have a spot in the Preakness.
After the Preakness is the Belmont Stakes. For this final race of the Triple Crown, horses who ended up winning purse money in the Kentucky Derby and Preakness will automatically qualify.
The entry fee to the Preakness Stakes is $15,000 and the starting fee is $15,000.
Gate positions are determined in the week leading up to the race when the final field is known.
The 145th Preakness is on Saturday, May 16, 2020.
The best and most convenient way to bet on the Preakness is online. TVG offers a $200 Risk-Free Bet, which is a great signup bonus and one you should take advantage of.
Preakness Stakes betting involves a multitude of different wagers. But keep in mind, all horse racing betting has these same types of bets. Check out how to bet on horses for more information, but here are some of the most popular bet types:
The odds for the Preakness will be determined after the Kentucky Derby, but for now, here are some odds as we head into the Derby. This will be updated closer to the race:
The wagering system on horses is done through a parimutuel system, which means ‘wagering amongst ourselves’.
Unlike casinos where there is a house taking the action, wagering on horse racing is done so by essentially betting against everyone else making the same wager in that particular race, on a large scale.
Once the race is run and declared official, the track pays the winners. The track makes money by taking a certain percentage of the wagers.
When picking a Preakness Stakes winner, there are several factors to consider:
To uncover the details behind these factors, use racing publications such as the Daily Racing Form, Brisnet, and Track Master. And read how to win at horse racing if you would like to learn more about horse handicapping and how to pick a winner.