Preakness Stakes Odds

Last Updated 22 Sep 2020 | Commercial content | 18+

With a race with such high stakes, Preakness Stakes odds are often the talking point of horse racing bettors.

Since this year the Triple Crown will be run out of order, the Preakness Stakes will be the last leg of the triple crown and run on the 3rd October 2020. This means that Preakness odds to a significant degree depend on the results of the Belmont Stakes and the Kentucky Derby in September. Since the lineup for the Kentucky Derby has yet to be announced, we’ll discuss our Preakness favourites for the 2020 race.

Where To Find the Best Preakness Stakes Odds?

Preakness Stakes odds are formed based on the performance of individual horses throughout the season. In fact, the only runner guaranteed a place in Preakness is the Kentucky Derby winner. This clears the winner’s path, giving them a better chance at, ultimately, claiming the Triple Crown.

Unlike the Kentucky Derby, where up to 20 horses can compete, Preakness has a limit of 14 runners. Despite this, it rarely happens that all 14 starting spots are filled. Apart from the Kentucky Derby winner, the rest of the lineup is determined by the amount of prize money qualifying horses earned during the season. The rules are the same for the Kentucky Derby, two weeks prior, which means that the two races will share a lot of the lineup.

Preakness Stakes betting odds are usually released when the post-position draw ends. This usually happens on Wednesday of the Preakness week. The post-position draw is usually held at a ceremony in the Pimlico Infield. The bookmakers will offer the Preakness Stakes online well before the official start of Preakness betting.

At this point, we can present you with our top picks for Preakness 2020. We will make sure to update the list with any potential changes and include the live horse racing odds when they become available. The horses we will list and their odds are subject to change.

Our current top picks for Preakness 2020

AuthenticBob BaffertTBA
MaxfieldBrandon P WalshTBA
ToledoMarjorie FifeTBA
Green Light GoJames JerkensTBA
Tiz The LawBarclay TaggTBA

*The horses and their odds are subject to change.

Preakness Stakes 2020 – Top Online Horse Betting Sites

When the Preakness Stakes odds available, many will be on the lookout for the best sites to bet on. There is no ready-made answer as to which of the online sportsbooks will have the best Preakness Stakes odds. However, apart from the Preakness Stakes odds, betting offers are another factor that could tip the scale towards a particular operator. Since Preakness results generate a massive volume of horse racing bettors, major operators will try to reel them in with special offers.

The offers will include various types of welcome offers, which will give new users an incentive to open an account. It can prove to be very beneficial to compare the different odds online sportsbook offers in addition to comparing their Preakness Stakes odds. This will allow you to maximize your winnings in time for the race. However, you should have in mind that welcome offers typically have an expiry date. If you plan to register with a new operator just so you can bet on Preakness, do it close to the time of the race.

Apart from the welcome offers, you can also look for promotional offers specific to horse racing. For example, non runner no bet can ensure you get a return in case the horse you have chosen to bet on quits the race. One of the advantages of online betting means that you will be able to easily compare the different offers. This will allow you to choose the sites with the best offers and the best Preakness odds in time for the race.

These are some of the sportsbooks which have, traditionally, had an excellent track record in offering top horse racing odds and offers:

  • Unibet
  • William Hill
  • Paddy Power
  • Betfair
  • bet365

Preakness Stakes Odds

Who Was the Preakness Stakes Winner?

Until we have more information on Preakness Stakes betting odds for 2020, we can turn to the past Preakness results. The 2019 race brought a lot of excitement as the crowd of over 130,000 people witnessed War of Will taking the first place.

Although War of Will was yet another runner who failed to break Secretariat’s unyielding 1973 record, the day did not go by without broken records. The 2019 Preakness had a total handle of $99.8 million. This surpassed the previous year’s amount by more than $6 million.

The race for the Triple Crown was nipped in the bud following the controversy which led to the disqualification of the Kentucky Derby winner – Maximum Security. But judging by the betting numbers, this has done little to temper the interest in the race.

So, these are the final results of the 2019 Preakness Stakes. We made sure to include all the relevant information including the Preakness Stakes odds.

Preakness Stakes 2019 Final Results

FinishHorseJockeyTrainerFinal odds
1stWar of WillTyler GaffalioneMark E. Casse6.10
2ndEverfastJoel RosarioDale Romans29.30
3erOwendaleFlorent GerouxBrad Cox7.90
4thWarrior’s ChargeJavier CastellanoBrad Cox12.60
5thLaughing FoxRicardo Santana Jr.Steve Asmussen21.60
6thImprobableMike E. SmithBob Baffert2.50
7thWin Win WinJulian PimentelMichael J. Trombetta13.80
8thBourbon WarIrad Ortiz Jr.Mark A. Hennig5.60
9thSignalmanBrian Hernandez Jr.Kenneth McPeek20.70
10thAnothertwistafateJose OrtizBlaine Wright14.50
11thAlwaysminingDaniel CentenoKelly Rubley6.60
12thMarket KingJon CourtD. Wayne Lukas31.90

How To Bet on Preakness Stakes 2020?

If you plan to bet on Preakness Stakes in 2020, you will have plenty of options at your disposal. The race is one of the key horse racing markets. This is why you can count on the fact that it will be included in the offer of every major sportsbook.

Whether you choose to bet in a land-based or online sportsbook is up to your personal preference. However, as we’ve already discussed, online sportsbooks offer some key advantages. It usually only takes a couple of minutes to register an account, and you are ready to place a bet. Furthermore, many online betting sites also offer free live streaming service. This means that you will be able to follow the action as it unfolds and bet at the same time.

Which type of bet to choose?

Finally, as we get closer to the race and the lineup becomes clear, you will also want to consider which type of bet you will want to place. With every major race, the number of one time bettors is almost as high as the number of betting regulars. That is why we feel that it is important to go through some of the basic types of horse racing bets. This can help you make sense of the Preakness Stakes odds and choose the type of bet that you prefer. We will start with some of the simpler types of bets and move on to the more advanced ones.

Win, Place, Show

The three types are the staples of horse race betting. As you might have guessed from the name, when you bet on a Win, you actually bet on a Preakness Stakes winner. With Place bets, you increase your chances at a return by betting that a horse will either finish first or second. Finally, Show bets come with the biggest chances at a return because you will win as long as your pick finishes in one of the first three spots.

As you might guess, payouts are proportionate with the bet’s level of difficulty. Hence, the win being the most difficult to guess will offer the highest returns. Consequently, show bets, being the easiest, will have the lowest returns.

Exacta, Trifecta, Superfecta

Now we move on to some of the more demanding betting types. Generally, these will offer the best horse racing odds. This is because they require you to make a lot more precise predictions. To place an Exacta bet, you will need to select the first two horses in the race in the correct order. With Trifectas, you need to guess the first three horses in the correct order. Finally, as you might guess, Superfecta will require you to correctly guess the first four runners. Naturally, the latter comes with the highest payoff.

Tote Betting

Tote bets are extremely popular in horse racing. Unlike the other types, we have listed, Tote bets come with live horse racing odds. The odds are constantly shifting because they depend on the amount wagered in a common betting pool. So, in case you win your bet, an equal payout will be given to all the punters who have bet on the winning market, minus the bookmaker’s cut.

Preakness Stakes
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