How to Bet the Preakness Stakes

NEW PLAYERS Bet the Triple Crown online & legally with TVG. Sign up now and don't miss our amazing offer for new customers!


Alongside the Kentucky Derby and the Breeders’ Cup Classic, the Preakness Stakes is among the racing calendar’s chief race events. It clocks in at around 1¼ miles, and betting is expected to be fierce for which horse might come in first.

The 145th running of the Preakness Stakes will be held at Pimlico Race Course on Saturday, October 3, with Kentucky Derby winner Authentic looking to cement his place in racing folklore.

The odds on the Preakness Stakes can be rewarding if you bet on the right animal to come in first in the race, with the right wagers, and we’re here to help you potentially win.

Preakness wagering odds, how to bet the preakness stakes

Our quick guide can help you get the most out of one of the biggest races in Maryland, and if the horsese perform as well as they did in 2019 Preakness Stakes, we’ll be in for a real racing treat when it comes to Pimlico!

What Sort of Bet Can I Place on the Preakness Stakes?

With all the various combinations of wagers fully considered, it’s fair to say that there are many betting options available when wagering on Preakness Stakes horses that might perform well in the race.

Most horseplayers, experienced and novices alike, tend to keep things simple by wagering on the nose with a Preakness Stakes win bet for which horse will win the race. This remains the safest way to play on race day, as long as you are confident in your horse (or horses).

best preakness triple crown bet options, bet on the preakness states

If you want to go for a little insurance instead, you can opt for a smaller payout by betting your runner to place or show in the Preakness Stakes. A place bet means your runner needs to finish the race in the first two, while show betting covers the first three.

If you want to take a chance on a big payoff in the Preakness race, you can attempt to predict the finishing order. Exacta betting means picking the first two horses, or you can place Trifectas (first three) and even Superfectas (first four).

Tons of Preakness Stakes bets are available if you’re feeling a little exotic. Our racing team at TVG can help you get started with risk-free wagers for new customers.

Why Bet on the Preakness Stakes?

There is no obligation to bet on horse racing to enjoy it, but betting and thoroughbred racing have been linked since the sport began. Many believe that placing a bet makes the race much more enjoyable, even if your horse doesn't come in first.

However, most of us won’t be able to be at the Pimlico race on October 3 (post time TBD) to see the Preakness Stakes play out. We must enjoy the race from a distance, and the best way to feel fully invested is to place a bet and cheer on our horse on to win on race day.

Betting your horse in this race can be done from thousands of miles away, so no matter where you are, you can play your part in Pimlico's 145th Preakness with a little help from TVG.

Who Are the Early Contenders?

Given the delay this year—the Preakness, of course, is usually the second leg of the Triple Crown we have had more time to sort the potential top Preakness Stakes contenders out.

Tiz the Law had been the early market leader, that is until he was dethroned by the ultra-tough performance of Authentic in the Kentucky Derby, who came in first.

Previously odds-on to take Black Eyed Susan glory to back up his Belmont win and his impressive race success in the Travers, Tiz the Law is certainly a step above what we saw in the 2019 Preakness Stakes and up to August has proven to be the best sophomore out there.

Looking rather too generous in the Kentucky Derby odds was Bob Baffert’s Authentic, a horse whose overall profile is one of an improving colt.

Winner of the San Felipe at Santa Anita and then the GI TVG Haskell at Monmouth, Authentic is the only horse on paper who could get up to Tiz the Law’s level purely on merit and so he did when edging a thrilling race in Kentucky.

NY Traffic, a horse with close form with a few top-level three-year-olds including Authentic looks set for another big run, as does the improving colt Art Collector. Filly Swiss Skydiver is in receipt of 5lbs and can make her mark too after finishing second in the Kentucky Oaks.

horses to bet on for black-eyed susan triple crown, stakes betting

Major Preakness Stakes Prep Races

When race day rolls around, you don’t have to be a horse racing expert to win a bet on this race, a Triple Crown event, and one of the major three-year-old events in the world of horse racing.

We are here to help, but if you do want to pick your own horse, then consider studying the details of each of the other major sophomore race results. Those who have proven they can win at the top level will figure highly in the Preakness Stakes betting.

Date Race Venue Winner

February 15

Risen Star (Divisions 1 & 2)

Fair Grounds

Mr. Monomoy & Modernist

February 29

Fountain of Youth Stakes

Gulfstream Park

Ete Indien

March 7

Gotham Stakes


Mischevious Alex

March 7

Tampa Bay Derby

Tampa Bay Downs

King Guillermo

March 7

San Felipe Stakes

Santa Anita Park


March 14

Rebel Stakes

Oaklawn Park 


March 21

Louisiana Derby

Fair Grounds

Wells Bayou

March 28

Florida Derby

Gulfstream Park

Tiz the Law

May 2

Arkansas Derby (Divisions 1 & 2)

Oaklawn Park

Basin & Nadal

May 23

Matt Wynn Stakes

Churchill Downs


June 6

Santa Anita Derby

Santa Anita Park

Honor A P

June 20

Belmont Stakes 

Belmont Park

Tiz the Law

July 11 

Blue Grass Stakes


Art Collector

July 18 

TVG Haskell

Monmouth Park


August 8

Travers Stakes


Tiz the Law

September 5

Kentucky Derby

Churchill Downs


Bet the 2020 Preakness Stakes with TVG

Our dedicated team of experts is always on-hand to offer an in-depth analysis of all the horses contending in the 2020 Preakness Stakes so that you can make a high-quality bet on which horse will win the race.

Keep an eye out on the latest Preakness Stakes odds online, especially now that the Kentucky Derby has come to a close, to see where your horse stands and place your bets with us, TVG being your trusted one-stop destination for legal online Preakness picks.

Featured TVG Promotions


TVG provides free information, odds, facts, and commentary about the Preakness Stakes and horse racing and betting, in general. Third-party marks may be referenced in a transformative, editorial, informational, nominative, critical, analytical, or comparative context. TVG may reference marks belonging to third parties pursuant to our right to engage in fair use, fair comment, statutory fair use, or trademark fair use doctrine. As such, TVG does not contribute to any dilution of any trade or service marks.



Take TVG with you
Take PABets with you
Take 4NJBets with you
Apple Store Apple Store Apple Store
Android Android Android
Scroll To Top