How Do I Place A Bet On The Preakness
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).
Next, choose what type of wager you want to place. For a standard “To Win” bet, select “Win/Place/Show”. Check the desired bet type to the left of your horse(s). Please note, the image below is NOT the Preakness Stakes. Above the Bet Types, enter your bet amount and click “Continue”.
- 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.
- You can learn how to do that at Hello Race Fans. They also have a cheat sheet with a rundown of all the Preakness starters as well as a look at payouts for bets on the Preakness Stakes since 1990.
- Place a bet on the Preakness Stakes. About the Preakness Stakes. Traditionally the second leg of the Triple Crown, the Preakness Stakes, is held on the third Saturday each May at Baltimore, Maryland's Pimlico Race Course. Sandwiched between the Kentucky Derby and the Belmont Stakes in the Triple Crown, the Preakness is contested at a distance.
- Preakness Win Place Show Bet. Also called “Across the Board”. Pick a likely top 3 finisher. Place $2 Win, Place and Show bets on this horse.
Best Preakness betting sites 2021
Preakness Stakes post positions and odds
How Do I Place A Bet On The Preakness Odds
| Post Position | Horse | Opening Odds (2020) | Jockey | Last Race |
|---|---|---|---|---|
| 1 | Excession | 30/1 | Sheldon Russell | 2nd in Rebel Stakes |
| 2 | Mr. Big News | 12/1 | Gabriel Saez | 3rd in Kentucky Derby (G1) |
| 3 | Art Collector | 5/2 | Brian Hernandez Jr. | 1st in Ellis Derby |
| 4 | Swiss Skydiver | 6/1 | Robby Albarado | 2nd in Kentucky Oaks (G1) |
| 5 | Thousand Words | 6/1 | Florent Geroux | 1st in Shared Belief |
| 6 | Jesus' Team | 30/1 | Jevian Toledo | 3rd in Jim Dandy (G2) |
| 7 | Ny Traffic | 15/1 | Horacio Karamanos | 8th in Kentucky Derby (G1) |
| 8 | Max Player | 15/1 | Paco Lopez | 5th in Kentucky Derby (G1) |
| 9 | Authentic | 9/5 | John Velazquez | 1st in Kentucky Derby (G1) |
| 10 | Pneumatic | 20/1 | Joe Bravo | 1st in Pegasus Stakes |
| 11 | Liveyourbeastlife | 30/1 | Trevor McCarthy | 2nd in Jim Dandy (G2) |
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
| Year | Winner | Post | Odds | Time | Jockey | Trainer |
|---|---|---|---|---|---|---|
| 2020 | Swiss Skydiver | 4 | 11/1 | 1:53.28 | ||
| 2019 | War of Will | 1 | 6/1 | 1:54.34 | Tyler Gaffalione | Mark Casse |
| 2018 | Justify | 7 | 1/2 | 1:55:93 | Mike Smith | Bob Baffert |
| 2017 | Cloud Computing | 2 | 13/1 | 1:55:98 | Javier Castellano | Chad Brown |
| 2016 | Exaggerator | 5 | 3/1 | 1:58:31 | Kent Desormeaux | J. Keith Desormeaux |
| 2015 | American Pharoah | 1 | 4/5 | 1:58.46 | Victor Espinoza | Bob Baffert |
| 2014 | California Chrome | 3 | 3/5 | 1:54.84 | Victor Espinoza | Art Sherman |
| 2013 | Oxbow | 6 | 15/1 | 1:57:54 | Victor Espinoza | D.W. Lukas |
| 2012 | I'll Have Another | 9 | 3/1 | 1:55.94 | G. Stevens | D. O'Neill |
| 2011 | Shackleford | 5 | 12/1 | 1:56.21 | M. Guiterrez | D. Romans |
| 2010 | Lookin At Lucky | 7 | 5/2 | 1:55.47 | J. Castanon | B. Baffert |
| 2009 | Rachel Alexandra | 13 | 9/5 | 1:55.05 | M. Garcia | S. Asmussen |
| 2008 | Big Brown | 6 | 1/5 | 1:54.80 | C. Borel | R. Dutrow Jr. |
| 2007 | Curlin | 4 | 7/2 | 1:53.46 | K. Desormeaux | S. Asmussen |
| 2006 | Bernardini | 8 | 12/1 | 1:54.65 | R. Albarado | T. Albertrani |
| 2005 | Afleet Alex | 12 | 3/1 | 1:55.04 | J. Castellano | T. Ritchey |
| 2004 | Smarty Jones | 7 | 3/5 | 1:55.59 | J. Rose | J. Servis |
| 2003 | Funny Cide | 9 | 9/5 | 1:55.61 | S. Elliott | B. Tagg |
| 2002 | War Emblem | 8 | 5/2 | 1:56.36 | J. Santos | B. Baffert |
| 2001 | Point Given | 11 | 2/1 | 1:55.51 | V. Espinoza | B. Baffert |
| 2000 | Red Bullet | 4 | 7/1 | 1:56.04 | G. Stevens | J. Orseno |
| 1999 | Charismatic | 6 | 8/1 | 1:55.32 | J. Bailey | D.W. Lukas |
| 1998 | Real Quiet | 10 | 5/2 | 1:54.75 | C. Antley | B. Baffert |
| 1997 | Silver Charm | 7 | 3/1 | 1:54.84 | K. Desormeaux | B. Baffert |
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By Kevin Martin
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Miami Dade College North Campus Vaccination Site Forced To Close Early Due To High DemandFor the record, I won a grand total of zero dollars betting on the Kentucky Derby. Part of my “bold” betting strategy revolved around betting against the eventual winner, Always Dreaming. I was wrong. Always Dreaming could be a star in the making and he’ll be the heavy favorite Saturday in the Preakness Stakes in Baltimore. For the same reasons I bet against him in Kentucky, I’ll be betting against him again.
>>MORE: Preakness Stakes Preview: Always Dreaming & Classic Empire Battle In Baltimore
Classic Empire had a rough run in the Kentucky Derby. After being sideswiped by a horse on his outside only a few jumps out the gate, he was forced to race in the back of the pack, far off the lead. He made a very wide rally around the final turn and into the stretch, finishing a valiant fourth considering his rough trip. Had he avoided trouble early, it would have been a more competitive race and he might have caught the winner. He’ll get a better trip in Baltimore and should be a solid price — around 3 to 1 — with most of the win money on Always Dreaming.
Gunnevera and Conquest Mo Money are two horses that have a chance for a top three finish. Gunnevera ran poorly in the Derby but has the talent to get a piece of the purse at potentially long odds on Saturday. Conquest Mo Money will likely set the pace and, considering the lack of early speed in the race, he could lead them deep into the stretch.
The $100 Bet
I will use $60 of my bankroll on Classic Empire to win. The remainder will be divided between two exotic bets. The first an exacta where the bettor picks the top two finishers. The second exotic bet will be a trifecta where the bettor picks the top three finishers.
I will play two $10 exactas: Classic Empire over Gunnevera and Classic Empire over Conquest Mo Money. To cash either of these bets, Classic Empire must win and Gunnevera or Conquest Mo Money must finish second.
For the trifecta, I’ll play it with Classic Empire keyed in the first position with Gunnevera, Conquest Mo Money, and Always Dreaming boxed in the second and third position. To win this bet, Classic Empire must win and my three selections underneath must finish second and third. Since the “underneath” part of the bet is boxed, those three selections can finish in any order. There are a total of six possible combinations for this bet. Betting it for $3 will cost a total of $18 (6 possible combinations x $3 = $18)
How to Place the Bet
When it comes to placing the wagers proposed here, it requires some knowledge in the language of betting on horse races. When placing a bet with a live teller at a racetrack or at an off-track betting facility, you need to use the track name, race number, type and amount of the bet, and the program number(s) for the horse(s) you are playing.
READ MORE: South Florida’s Real Estate Market Red Hot A Year Into COVID PandemicThe $60 win bet on Classic Empire is the easy one:
“Pimlico race 13, $60 to win on the 5.” The Preakness Stakes is the 13th race at Pimlico on Saturday and Classic Empire is #5 in the program.
The $10 exacta bets with Classic Empire winning and Gunnevera or Conquest Mo Money finishing second goes like this:
“Pimlico race 13, $10 exacta 5 over the 6 and 10.” Total cost of the bet is $20.
Finally the $3 trifecta with Classic Empire winning and my three other selections finishing second and third:
“Pimlico race 13, $3 trifecta 5 with 4, 6, 10 and 4, 6, 10.” Total cost of the bet is $18.
Good luck!
Of course, it’s more fun to make your own picks. You can learn how to do that at Hello Race Fans. They also have a cheat sheet with a rundown of all the Preakness starters as well as a look at payouts for bets on the Preakness Stakes since 1990.
How Do I Place A Bet On The Preakness On Tv
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Kevin Martin is the founder of the thoroughbred racing history site Colin’s Ghost and a contributing editor at Hello Race Fans.