Preakness Stakes

2023 Preakness Stakes Odds

Preakness 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. The Derby is, thus, an excellent betting guide, and the Preakness results are a great indicator.

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.

What is The Preakness Stakes?

The Preakness Stakes, an esteemed event in the world of horse racing, holds a significant place as the second jewel of the prestigious American Triple Crown. Much like its counterpart, the Kentucky Derby, the Preakness Stakes stands as a Grade I Thoroughbred stakes race, showcasing the finest horses in the sport.

This thrilling race takes place annually on Armed Forces Day, which aligns with the third Saturday in May. The esteemed Pimlico Race Course, located in Baltimore, Maryland, serves as the backdrop for this remarkable event. The Preakness Stakes is a true test of endurance, as it spans a distance of 9.5 furlongs or 1 3/16th mile.

Traditionally held in mid-May, the Preakness Stakes follows in the footsteps of the Kentucky Derby, taking place two weeks after the iconic first jewel of the Triple Crown. The race unfolds on the dirt track at the Pimlico race course, providing a formidable challenge for the participants. Covering a distance of one and three-sixteenth miles, the Preakness Stakes is slightly shorter than the Kentucky Derby, yet equally demanding.

Participants in the race face specific weight requirements, with colts and geldings carrying 126 pounds (57 kg) and fillies shouldering 121 pounds (55 kg). These gifted equine athletes compete not only for the thrill of victory but also for the honor of racing for the distinguished Woodlawn Vase.

With a field size limited to 14 runners, the Preakness Stakes presents a captivating wagering challenge. It frequently features the Kentucky Derby winner, who seeks to take another step toward the elusive Triple Crown. Sharing the track with fellow Derby runners and a fresh array of competitors, these new challengers often bring an element of surprise, having had more than the standard two weeks of rest afforded to the Derby participants.

Preakness Stakes Post Positions

As of now, the stall number for the 2023 horse race has not been revealed. This crucial information will play a significant role in determining the horse’s success on the race course. We encourage you to check back frequently, as we will post all relevant details as soon as they are made public.

2023 Preakness Stakes Post Position
Post PositionHorseJockeyTrainerOdds

National Treasure

John VelazquezBob Baffert4-1
2Chase the ChaosSheldon RussellEd Moger Jr.50-1
3MageJavier CastellanoGustavo Delgado8-5
4CoffeewithchrisJaime RodriguezJohn Salzman Jr.20-1
5Red Route OneJoel RosarioSteve Asmussen10-1
6PerformFeargal LynchShug McGaughey15-1
7Blazing SevensIrad Ortiz Jr.Chad Brown6-1
8First MissionLuis SaezBrad Cox5-2

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 & Tips

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 a potential Triple Crown winner adds to the joys of the Preakness Stakes, which is arguably the most exciting race of the three.

Having won at Churchill Downs previously is the best betting trend, but that’s because there are only two weeks between the Derby and Preakness. Having the Derby win under the belt often pays dividends. There is always so much intrigue with Preakness Stakes odds and especially with the Kentucky Derby winner.

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 of 11 runners.


With its longstanding history, the Preakness Stakes has witnessed various shifts in its location. Initially established at Pimlico in 1873, it underwent a brief relocation to Morris Park Racecourse in the Bronx. After a three-year hiatus, the race found itself at Gravesend Race Track in Coney Island before returning to its rightful home in Baltimore in 1909. Since then, Pimlico Race Course has remained the cherished venue for this exceptional event.

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.

Past 7 Winners
2023National Treasure
2022Early Voting
2020Swiss Skydiver
2019War of Will
2018 Justify
2017Cloud Computing


What is the Preakness Stakes?

The Preakness Stakes is an annual Thoroughbred horse race held in Baltimore, Maryland. It is the second jewel of the Triple Crown, following the Kentucky Derby and preceding the Belmont Stakes.

When is the Preakness Stakes held?

The Preakness Stakes is typically held on the third Saturday in May. However, the exact date may vary from year to year.

How long has the Preakness Stakes been around?

The Preakness Stakes has a long history and has been run since 1873. It is one of the oldest and most prestigious horse races in the United States.

What is the distance of the Preakness Stakes?

The Preakness Stakes is run over a distance of 1 3/16 miles (approximately 9.5 furlongs) on a dirt track at Pimlico Race Course.
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