When Can You Bet On The Preakness

The Preakness Stakes is a Grade I event for 3-year-olds conducted at Pimlico Race Course inBaltimore. The race is referred to as the “Run for the Black-Eyed Susans” because the winner receives a blanket of these flowers, which are Maryland’s state flower. Normally the Preakness is contested on the third Saturday in May, two weeks after the Kentucky Derby and three weeks prior to the Belmont Stakes, making it the second jewel in the Triple Crown. Due to the coronavirus, this year’s Preakness will be held on Saturday, Oct.3. Although the purse has yet to be announced, the 2019 race was $1.5 million.

1. Can You Bet On The Preakness In Arizona
2. How Long Is The Preakness
3. When Can You Bet On The Preakness
4. When Can You Bet On The Belmont Stakes

It is typically 9.5 furlongs (1 3/16 miles) over a track that is nicknamed “Old Hilltop” and is the shortest and second oldest of the three Triple Crownraces, as it was first established in 1873, predating the Kentucky Derby by two years. Colts and geldings must carry 126 pounds while fillies receive a five-pound allowance (121).

Now, the Preakness Stakes is always run on the third Saturday in May, which is two weeks after the Kentucky Derby, and three weeks before Belmont Stakes. It occurs no time before May 15 and absolutely before May 21 at the latest. Safe to say, that it’s great to see the Preakness Stakes have its position locked down on the horse racing calendar. Bet the Preakness Stakes online! Held every year at Pimlico Race Course, the Preakness is the traditionally the Second Jewel of horse racing’s Triple Crown. Xpressbet offers legal wagering, live video and expert picks for the Preakness – Sign Up and bet the race online, over the phone or on your mobile. Preakness Stakes Odds. The Preakness Stakes betting will really hot-up once the first leg of the Triple Crown - The Kentucky Derby - has taken place on May 1. We'll bring you the latest Preakness Stakes odds along with analysis and betting guides in those two weeks following the Derby.

This guide will walk you through how to bet on the Preakness Stakes legally, types of bets available and odds on 2020 Preakness Stakes.

Best Preakness Stakes betting sites

How to bet on the 2021 Preakness Stakes

Wagering on the Preakness Stakes follows the same course as other Triple Crown events. The race can gather quite a crowd, as the stadium at Pimlico can fit nearly100,000people. Betting on the Preakness, however, is not relegated to merely the individuals at the track, and with the rise of technology there are several alternatives to placing your horse racing bets at the windows.

• Betting apps: TVG is the most popular and convenient form of wagering for a majority of bettors. You can wager online on the Preakness Stakes via the TVG website or using the TVG iOS app from the App Store. At this time, there is no app forAndroid, but the website is enhanced for mobile betting. A full menu of straight and exotic bets is available for bettors. You can also use handicapping tools directly from the website for all races. Due to TVG’s huge presence in the horse racing industry, you can view many races streaming live from the website.
• Betting witha teller: When you are at the track, you can place your bet at the windows with a teller. In this situation efficiencyis key, as wagering on races closes at a specific time before a race goes off, and tellers must enter the bets prior to this deadline. Once you have made your choices, you may want to write them down, especially if you are placing exotic wagers or a number of them. There are specific things the teller must be told in order to bet. These are the racetrack you are betting on, the race number, the numbers of the horse or horses you are wagering on, the type of bet or bets you are making and the amount of each wager.
• Betting off track: There are many facilities where you can place wagers without an app or without attending live racing. You can even go to another track that does not have live racing and is only simulcasting races from other tracks. If this is the case, you simply follow the same guidelines as betting with a teller, as the windows will be open to accept wagers even if there is no live racing. You can also wager on touch-screen machines using vouchers or cash. You simply follow the instructions. Many tracks or off-track betting facilities have tables with televisions to witness the races, as well as touch screens to place bets on.

Odds on the 2021 Preakness Stakes

The 2020 odds and post positions will be available after the Sept. 30 post position draw.

How payouts work on Preakness odds

The Preakness has a smaller field than the Kentucky Derby but a larger one than the Belmont and has the second highest attendance level of any thoroughbred race in North America. Post time for the race typically is between 6:20 and 6:40 p.m. Last year’s edition of the Preakness Stakes went off at 6:37 p.m. Preakness Stakes betting odds become available when post positions are drawn, which is not always on the same day every year. For some years that has been on a Tuesday morning or afternoon, and for others it has been as early as Monday or as late as Wednesday. Immediately after the horses are assigned their postpositions, what is referred to as a morning line is introduced. These are the odds that are selected by the track’s handicapper, who performs this task not only for the Preakness Stakes but for every race at the facility.

An example of odds and payouts from last year’s Preakness Stakes, which was captured by War of Will, is as follows:

Win, place, show payoff schedule

Exacta, trifecta, superfecta winnings

Prize money: How much Preakness horses win

1st — War of Will, $900,000
2nd — Everfast, $300,000
3rd — Owendale, $165,000
4th — Warrior’s Charge, $90,000
5th — Laughing Fox, $45,000

Types of bets

A single or straight bet allows beginners to easily familiarize themselves with the wagering process and consists of the win, place and showbets. For decades all three forms of betting had a $2 minimum, but over the course of the last 10 years these wagers have become available for $1. Details on these wagers are below:

Win

All you need to do to place this wager is bet on a horse to win therace. The facility will deduct a portion from the total wagers in order to cover costs. Traditionally this is 15-20% depending on the facility and that state’s racing regulations. The winning bettors split what remains. The pool for this bet is also separate from the place and show pools. Winodds, unlike those for place and show wagers, are easily accessible to the bettor by checking out the toteboard or graphics on your screen if using a smartphone or computer.

Say a horse wins at odds of 29-1; the payoff to the bettor would be $60 to $61.80 due to breakage. This is a system tracks utilize to calculate payoff amounts so they can be rounded to the nearest, lowest 20-cent payoff (it is 10 cents in New York) instead of paying in specified amounts.

Odds for a win bet are based on how many people wager on each horse. It’s difficult to determine how tough this wager is for the bettor, but it is tougher than place or show wagers. For example, if you wagered on the favorite in every race on a card, you could expect to cash in on one of every three events. The average decreases if you place win bets on horses that have higher odds; the payoffs, however, would be much greater.

Can You Bet On The Preakness In Arizona

Place

When you bet on a horse to place, it must come in first orsecond. This makes it easier to cash in on than a win bet, but the payoff amounts are generally smaller because the pool is being split into two rather than just one. The bettors who win then divide the pool for the payoff, minus the facility’s take.

Odds and payoffs are not easily accessible to bettors because they are based on which horses run first or second. Despite systems to break down approximate payoffs by breaking down the sum bet on each horse in the pool, beginners should stick with enjoying themselves rather than becoming bogged down in math. That should be left up to the tracks to determine.

Show

From the three types of straight wagers, this bet is the easiest for a bettor to collect on as a horse must come in first, second or third. The pool for this wager is split three ways, and the dividends are often the lowest. If you wager on all favorites, your return on investment may even be less than $1 for every $2 wagered. Like place wagers, odds and payoff amounts are not easy for the public to access, but can be deduced through math calculations.

Exotic wagers

These are different from straight wagers and can be quite challenging for beginners to collect on unless they have some luck. The simplest exotic bets are anexacta, where a bettor must pick the first and second place horses in a race; a quinella, where a bettor must select the first two finishers in one race in either order; and a double, where a bettor picks the winning horse in two consecutive races on a card.

One of the best ways to pick an exacta or double would be to wheel several horses in different formats for the smallest price, which is generally $1. For instance, a $1 exacta wheel of horses 4 and 5 in first place over the 1, 2 and 3 horses would cost $6. Also, a $1 double wheel of horses 4 and 5 with horses 6 and 7 would be $4.

Another way for beginners to learn exotic wagering skills is a showparlay. If four people decide to wager together and place $10 apiece on a show parlay, they would then select a horse to place this money on. They would continue to re-wager the payoffs until they begin to lose or decide they have had enough.

There is a bit of luck involved with wagering in this fashion, but it’s an easy way to introduce people to betting without emptying their pockets. It can also make the wager more intriguing and can enhance entertainment value.

Who is favored to the win the 2021 Preakness Stakes?

How Long Is The Preakness

Due to COVID-19, the 2020 Preakness Stakes is in a unique position. In most years the horses that finished in the top three of the Kentucky Derby are the favorites. But this year the Belmont was run first and the Derby is not until Sept. 5. This means many horses that may not have been mature enough in early spring as sophomores will run in the Preakness.

The following are the most recently updated odds and predictions for this year’s Preakness Stakes:

1. Tiz the Law 2-1
2. Honor A.P. 3-1
3. Authentic 8-1
4. Cezanne 12-1
5. King Guillermo 15-1
6. Sole Volante 15-1
7. Uncle Chuck 15-1
8. Art Collector 20-1
9. Modernist 20-1
10. Dr. Post 30-1

These are considered to be the top 10 horses; however, bear in mind the Preakness Stakes can load up to 14 horses in the gate.

Historic wins in the Preakness Stakes

This will be the 145th edition of the Preakness Stakes, and while it has a long and rich tradition, there are naturally certain years that are more noteworthy than others.

What follows is a list of some of the more historic Preakness Stakes:

• In 2018, Justify eked out a victory over Good Magic after a contentious battle throughout the entire race to set himself up to capture the Triple Crown only four years after American Pharoah accomplished the same feat.
• I’ll Have Another (2012) defeated the extremely talented Bodemeister yet again while the other horse was favored. He chased his rival down less than a furlong from the wire and won by a nose.
• In 2005, favorite Afleet Alex was outdueled to the line by 50-1 shot Giacomo in the Kentucky Derby. In the Preakness, however, the colt asserted his dominance even after nearly going down in the first turn after colliding with ScrappyT. He rebounded and captured this contest in hand by five lengths before winning the Belmont Stakes.
• In 1997, Kentucky Derby victor Silver Charm defeated champions Captain Bodgit and Free House to hit the line in front by a nose. He lost the Belmont Stakes to the late running Touch Gold to end his Triple Crown bid.
• Easy Goer and Kentucky Derby winner Sunday Silence had one of the most historic rivalries in all of horse racing. In 1989 the two champions were eyeball to eyeball at the top of the stretch and remained that way to the finish. Easy Goer only lost because he moved his head at the wire. He later defeated Sunday Silence easily in the Belmont Stakes.
• One of the most contentious results in Preakness Stakes history came in 1980 when Codex and his pilot, AngelCordero, bumped Kentucky Derby winner Genuine Risk on the far turn. Despite extensive analysis after the final results flashed on the toteboard, Codex remained the winner.
• Affirmed and Alydar are probably the most recognized horse racing rivalry in the last four decades. Affirmed, a Triple Crown winner in 1978, fended off Alydar at Pimlico and would go on to capture the Belmont Stakes. The two horses competed against one another on 10 occasions as freshmen and sophomores, with Affirmed visiting the winner’s circle in seven of those trips to the post. It is also worth noting that Alydar was the sire of Easy Goer, who engaged in his own rivalry with Sunday Silence.
• According to racing buffs, the first turn over this course is notoriously tight to navigate, and it is unwise to make an early move to the lead. But Secretariat and his rider, RonTurcotte, decided to buck tradition. Secretariat broke poorly but rushed from last to first in the first 300 yards of the 1973 contest. He bested Sham and still has the fastest time on record after a teletimer mistake that day was rectified years later.

The five fastest Preakness Stakes

Pimlico is known for its tight turns and usually glib surface. The shortest of the Triple Crown events, the Preakness, generally produces the swiftest times of the three races.

Here are the five fastest Preakness Stakes of all time:

1. Secretariat (1973) 1:53
2. Curlin (2007) 1:53.40
3. Louis Quatorze (1996) 1:53.40
4. Tank’s Prospect (1985) 1:53.40
5. Summer Squall (1990) 1:53.60

Preakness Stakes and the Triple Crown

Each leg of the Triple Crown has its own history and place within the sport. Each race also has its own traditions, and each race is contested at a differentdistance. The Preakness Stakes stands alone because it nearly always attracts the Kentucky Derby winner and new horses that were unable to make the Derby field. It also offers the WoodlawnVase, which is one of the most prized trophies in the sport and historically in the US. To put it in perspective, 52 horses have won two Triple Crown contests. Twenty-three horses have won the Kentucky Derby and Preakness Stakes, 18 have won the Preakness Stakes and Belmont Stakes and 11 horses have won the Kentucky Derby and Belmont Stakes.

History of the Preakness Stakes infield

Although the Kentucky Derby infield has received more press over the years, the Preakness Stakes has its own raucous version that has been popular for decades. There are concerts, Preakness parties and a number of contests as well as other institutions that are very popular with the local population. People also travel from miles around to take part in the Preakness Stakes’ infield festivities.

Secretariat, the Triple Crown winner

He was lovingly referred to as “Big Red” due to his gleaming chestnut coat and large size. Secretariat was born in March 1970 and went on to win five Eclipse Awards, horse racing’s highest honor, during his two-year career.

Sired by champion Bold Ruler and out of the mare Somethingroyal, Secretariat was named Horse of the Year as a 2- and 3-year-old and is the only horse to achieve this honor. Trained by Hall of Fame member LucienLaurin, Secretariat won five stakes as a 2-year-old and was so impressive, he was syndicated for his stud career early in his sophomore season for then a record $6.08 million.

Not only did Secretariat win the Triple Crown, he set records in all three races that still stand. He is one of only two horses to win the Kentucky Derby in under 2:00, with the other being Monarchos in 2001. His Belmont Stakes victory is considered by many to be the greatest race of all-time, and he is considered to be the greatest horse of all-time. He is the second-highest ranked thoroughbred in the history of the sport behind only Man o’ War.

Secretariat also won major stakes on turf to prove his versatility. He was retired to Claiborne Farm after his 3-year-old campaign and died there in 1989 from laminitis at 19. While he never reached the lofty achievements in the breeding shed that he did on the racetrack, Secretariat is considered to be an outstanding broodmare sire and is in many pedigrees of champion racehorses. It is thought he was such an excellent broodmare sire because he had the largest heart of any American racehorse and that genetic trait was passed on to many of his fillies rather than his colts.

This year’s Preakness will be held in October. This is not the first time in the sport’s history the Preakness has not been held on its normal date. In 1890, the Preakness was run at Morris Park in the Bronx on the same card as the BelmontStakes. Following a three-year hiatus, the Preakness returned in 1894 and for 15 years was held at Gravesend Race Track on Coney Island before coming home to Pimlico in 1909.

The Preakness was held before the Kentucky Derby on 11 occasions, and both events were held on the same day in 1917 and 1922. In 1931, however, the current order of the Triple Crown races was established with the timing of the events implemented in 1969.

Preakness Stakes traditions

Like its colleagues, the Preakness, which was named by Maryland Gov. Oden Bowie after a colt who won on Pimlico’s opening day, is steeped in tradition. One of the most anticipated events by horsemen is the AlibiBreakfast, which started in the 1930s at the Pimlico Clubhouse. The attendees are media members, owners, trainers, jockeys, horsemen and fans. It’s a chance to make entertaining race predictions and for trainers to provide excuses as to why their horse has no shot at winning.

The Preakness also has another tradition, which is placing the colors of its winner on the infield cupola’s weathervane. The blanket of black-eyed Susans is also handmade. One bit of trivia about the blanket, however: black-eyed Susans are not in season when the race is conducted, so mums are used to simulate the real thing.

The Preakness Stakes is the third leg of the 2020 Triple Crown after being rescheduled to Saturday, Oct. 3. Tiz the Law won the Belmont Stakes on June 20 and he finished runner-up in the Kentucky Derby on Sept. 5. However, Tiz the Law will skip the Preakness and run next in the Breeders’ Cup Classic Nov. 7 at Keeneland. The Preakness Stakes draw was completed Sept. 28 and Kentucky Derby winner Authentic was made the 9/5 morning line favorite with Art Collector (5/2) the second choice.

In another change to Triple Crown races, the Preakness Stakes joins the Belmont Stakes as a “Win and You’re In” qualifying race to the Nov. 7 Breeders’ Cup Classic at Keeneland.

Trainer Bob Baffert is the leading trainer in Triple Crown history with 16 victories after winning his record-tying sixth Kentucky Derby with Authentic. He is tied for the most wins in the Preakness with seven victories and his last two winners won the Triple Crown – Justify (2018) and American Pharoah (2015).

Best Preakness betting sites 2021

When Can You Bet On The Preakness

When Can You Bet On The Belmont Stakes

Preakness Stakes post positions and odds

Where to bet the Preakness Stakes and race schedule

The 145th Preakness Stakes is set for Saturday, Oct. 3, 2020. Here is more information and tips on betting the Preakness Stakes, and how you can watch and wager on this year’s event.

• Date: Saturday, Oct. 3, 2020
• Time: 5:30 p.m. ET
• TV: NBC
• Tablet, Online, Mobile: NBC Sports App and streamed live on NBCsports.com/live and fuboTV
• Track & Location: Pimlico Race Course in Baltimore, Maryland
• Distance: 1 3/16 miles (9 furlongs) – since 1925
• Surface: Dirt
• Horses: 3-Year-Old Thoroughbreds
• Track Record: Secretariat (1:53.00 in 1973)
• Largest Margin of Victory: Smarty Jones (11 lengths in 2004)

The Preakness post-position draw is Monday, Sept. 28, and Preakness oddsmaker Keith Fuestle will set the odds immediately after the draw. The field is limited to a maximum of 14 starters, but the only years the Preakness starting gate was filled to capacity were 2011, 2005, and 1992.

Fans can wager legally at racetracks, simulcast centers such as Off Track Betting (OTB) Centers, and on advanced deposit wagering platforms such as TVG, BetAmerica and TwinSpires, where bettors in 31 states can legally bet on horse races from their mobile devices and web browsers. You can also wager on horse racing legally in the state of Nevada at the hundreds of casinos with race and sportsbooks.

Horse racing wagers and bets

In addition to the traditional “straight” wagers (Win, Place, Show), fans can also attempt to cash big in the various “exotic” pools. Exacta (top two finishers), Trifecta (top three), Superfecta (top four), and Super High Five (top five) wagering are all offered, and cashing a ticket in any of these pools can produce a bigger payday.

• Win: Bet on the horse you think you will win the Kentucky Derby.
• Place: Get paid the place price if your horse finishes first or second.
• Show: A show bet pays the least, but you win and get paid the show price if your horse finishes first, second or third.
• Exacta: Predict the first two horses in the correct order.
• Trifecta: Predict the first three horses in the correct order.
• Superfecta: Predict the first four horses in the correct order.
• Super High Five: Predict the first five horses in the correct order.

The Preakness Stakes betting odds are finally determined by the pari-mutuel system at the track which means your potential payout depends on how much money is in the pot overall, divided by how many bets are placed. The odds will fluctuate in the build-up to the race and never more so than in the final few moments before post time.

Picking a Preakness winner

There are many ways to handicap a horse race, and there is no shortage of opinions or angles when it comes to the handicapping the Preakness Stakes following the Kentucky Derby results. From a beginner’s betting guide to the most sophisticated tools for informed handicappers, there are many pieces of information and betting guides to assist you in identifying a potential Preakness winner and narrowing the list of top contenders.

• Handicapping horses and the races takes much time, research and intuition. Beyond studying past performance charts and horse stats, speed figures, class ratings, tracks and bias, jockey and trainer stats, horse pedigree and even post position (Preakness draw is Wednesday, Sept. 30), a handicapper has to have insight and ability to find various ways to identify horses that are ready to win. That’s especially true in a ‘normal’ year for the Derby horses that are running in the Preakness with just a two-week recovery. But the 2020 races are four weeks apart. You can review race videos, tracks, surfaces or find horses that had troubled trips in recent races. But it’s important to distill information that can help you identify horses that may offer some value next time out or others in good form or improving that can provide value wagering opportunities.
• Races and horses should be backed based on positive attributes and not as a result of who’s the best of the worst. As you study some of the betting guides and training tools, you’ll become better prepared and equipped to analyze races in a more meaningful way. That includes the Preakness Stakes along with the Kentucky Derby and the prep races leading up to the Derby. Understanding ‘how’ a horse has run leading up to a race versus the far less important ‘where’ the horse finishes and ‘what’ time he/she completed their recent races will help you become more proficient.
• Trainer Bob Baffert has won the Preakness a record-tying 7 times (D. Wayne Lucas) including in 2015 with American Pharoah and 2018 with Justify, who both went on to win the Triple Crown. Baffert is the trainer for both Authentic and Thousand Words in the 2020 race Preakness.

These sections below will be updated with additional horses and information as more runners are confirmed for the Preakness Stakes.

Front runners and “need the lead”

The pace often makes the race, and the Preakness will be no different. The horses that “need the lead” or will be forwardly placed and pressing the pace include two leading contenders and favorites Authentic and Art Collector. They will be joined up front by filly Swiss Skydiver.

Stalkers ready to pounce

With Tiz the Law opting to not run in the Preakness, there is one less top contender looking to stalk and pounce. Ny Traffic may make up more ground as he did when closing in on Authentic in the Haskell before losing by a nose.

Value Horses

Thousand Words and NyTraffic going off at higher odds provides some horses with some value below the top tier runners. Art Collector moves up as the second choice with Tiz the Law out, but sharp horse players believe he’s a real shooter after missing the Kentucky Derby. Trainer Bob Baffert is going for his record eighth Preakness win and will have two chances with Authentic and Thousand Words both leading contenders.

Last year, War of Will was identified on these pages as a value horse and he pulled the upset and won at 6/1 odds.

The Preakness has been dominated in recent years by horses who set or press/stalk the pace, but most of the time those were simply the best horses like Justify, American Pharoah, California Chrome, Big Brown and the filly Rachel Alexandra. Exaggerator was able to come from well off a hotly-contested pace to win the 2016 Preakness. An improving 3-year-old or fresher and talented colt like Art Collector or Thousand Words may be able to pull another upset, but not at odds like Clould Computing (13/1) in 2017 or Oxbow (15/1) in 2013.

Preakness Stakes history and results