The Preakness Stakes is the second leg of the Triple Crown and it’s one of the more intriguing races on the calendar.
Most times, the Kentucky Derby winner lines up in the Preakness Stakes and that creates huge attention. If the Derby winner wins the Preakness, the Triple Crown is possible for the Belmont Stakes.
Held at Pimlico in Baltimore, the Preakness Stakes has been won by some of the greats and the drop in distance from the Derby makes for interesting viewing.
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Location: Baltimore, Maryland, USA
Track: Pimlico Race Course
Upcoming Event: May 20, 2023
PREAKNESS STAKES ODDS & ANALYSIS
Preakness Stakes odds are based on a variety of factors, including form, history, trainer, and jockey.
The biggest factor is usually decided by the Derby. Preakness Stakes betting tips always include the Derby winner, regardless of the price it paid to win. Form out of the Derby is an excellent betting guide.
The bookmakers have their opening odds but the public money moves the lines. There is always a well-backed runner and the unbeaten runners also attract attention. Runners who bypass the Derby and enter the Preakness Stakes also add intrigue.
Preakness Stakes horse odds are typically a little shorter than the Derby due to the size of the field, which is often smaller. Some horses don’t handle the shorter distance so they opt to miss the Preakness Stakes. However, the better sprinting middle-distance types love it.
Upcoming Post Position
The 2023 post position, the position of stall in starting gate from which a horse starts the race is yet to be announced. Stay updated as we will provide you with all the information.
HOW TO BET ON PREAKNESS STAKES?
There are many ways to win on the Preakness Stakes and bookmakers always offer specials for the second leg of the Triple Crown.
Bettors can bet on a horse to win or place. It’s the most common Preakness Stakes bet type and bettors have an each-way option, which doubles the bet amount but gives the win and place option in one wager.
Exotic bets are popular, including quinella, exacta, trifecta and first-four bets. There is always plenty of attention on Preakness Stakes odds, so the pools are big and that often results in big payouts.
Betting favorites is always a good strategy but there have been upset results. The Derby winner is often the race favorite, so bettors find value in betting outside the favorite, such as Oxbow in 2013 who paid a handsome price with bookmakers.
Preakness Stakes Betting Trends
Betting trends play a big factor in Preakness Stakes odds. Bettors can find many different betting trends to suit their wager, but some override the others.
Having won at Churchill Downs the start prior is the best betting trend, but that’s because there is only two weeks between the Derby and Preakness. Having the Derby win under the belt often pays dividends.
There have been only three fillies entered in the Preakness Stakes, despite it being open to all sexes. From those three runners, there was one winner, so it pays to watch if any fillies are nominated.
Uncle Mo and Tiznow have yet to produce a Preakness Stakes winner from a collective 11 runners.
PREAKNESS STAKES HISTORY
There is always so much intrigue with Preakness Stakes odds and especially with the Kentucky Derby winner.
Having a potential Triple Crown winner adds to the joys of the Preakness Stakes, which is arguably the most exciting race of the three.
First held in 1873, the Preakness Stakes has since become a major thoroughbred horse race and it’s the second-best race behind only the Derby.
With a current purse of $1.5 million, it’s not one of the richest races in the world, but there is a stack of history involved. Secretariat owns the race record, despite running the Preakness Stakes during a time when technological advances weren’t made.
2015 and 2018 Triple Crown winners American Pharoah and Justify won the Preakness Stakes and added to its rich history.
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