The Stephen Foster Stakes is a key lead-up race for the Breeders’ Cup and the field includes Kentucky Derby winner...
Sat, May 21, 2022. Pimlico Race Course
2022 Preakness Odds Horse Racing
The Preakness Stakes is an American Grade 1 horse race that takes place each year on the third Saturday in May over a distance of 9.5 furlongs of dirt at the Pimlico Racecourse in Baltimore, Maryland, USA.
The Preakness Stakes, second of the Triple Crown jewels, will be held May 21, 2022, at Pimlico Racecourse in Baltimore, Maryland. Preakness Stakes odds are starting to pop up, and many are speculating which horses are coming into the Triple Crown season as front runners.
The thoroughbred horse race is entering its 147th edition, two weeks after the Kentucky Derby, and three weeks before the Belmont Stakes. With a rich history, the race is nicknamed “The Run for the Black Eyed Susans” after the Maryland state flower, which is donned by all winning colts and fillies.
Post Time: 6:47 pm ET
TV Broadcast: NBC
Online Stream: NBC Sports
Venue: Churchill Downs, Louisville, Kentucky
Distance: 1 3⁄16 miles (9.5 furlongs)
Horses: 3-year-old Thoroughbreds
The Preakness Stakes was first run in 1873, named by Maryland Governor Oden Bowie after Preakness, Milton Holbrook Sanford’s colt Preakness, who won the Dinner Party Stakes on the day Pimlico Racecourse opened their doors for the first time in 1870.
The first purse for the Preakness odds was $2,050 in winnings, and present day the winners are looking at a $1,000,000 purse as Preakness victors. The Woodlawn Vase trophy was not introduced until 1917, first awarded to Kalitan, and has been presented to the Preakness winner every year since then.
While the Preakness Stakes was born at Pimlico, it has not always been run there. In 1890, the Preakness Stakes was run at Morris Park Racecourse in Bronx, New York under handicap conditions and a lifted age restriction for the horses. The following three years, there was no Preakness event and when it finally returned in 1894, it was held at Gravesend Racetrack on Coney Island, New York over the next 15 years. Finally, it made its return to Pimlico in 1909.
The race itself is run a distance of 9.5 furlongs, which has been the distance run since 1925. The anticipation when a Kentucky Derby winner arrives on scene at the Preakness is high, as all eyes will be on them to win the Preakness 2022 as well and potentially a Triple Crown title.
The first Triple Crown Odds winner was in 1919, just after World War I ended, when Sir Barton claimed all three Triple Crown jewels. There have only been 13 Triple Crown Odds winners throughout history. The most recent Triple Crown Betting winner was Justify in 2018, jockeyed by Bob Baffert.
Only six fillies have ever won the Preakness, including 2020’s Swiss Skydiver. The first was Flocarline in 1903 on a one mile, 70-yard race.
Preakness Stakes Records :
Secretariat (1973) – Fastest Time (1:53:00)
Smarty Jones (2004) – Largest Margin of Victory (11 ½ lengths)
Eddie Arcaro (6) – Most Wins by a Jockey
Wyndham Walden, Bob Baffert (7) – Most Wins by a Trainer
Calumet Farm (7) – Most Wins by an Owner
If you’re used to traditional sports betting, you might be thrown for a loop when you go to bet on any of the Triple Crown races or even casual horse betting. Horse betting is much different than betting on any of the professional American sports or traditional team sports so you will want to get acquainted with horse betting and gather your strategies before betting on any Preakness Stakes odds.
There are several horse betting types, and it can be overwhelming to new bettors. Thankfully we have an in-depth horse betting guide that will help you learn how to bet on the Preakness Stakes.
The first thing you will want to look at before betting on the Preakness Stakes is the odds. They look much different on a racebook than you’d see on your regular sportsbook, so you will want to first be able to translate what the Preakness Stakes odds even mean.
If you’re more typically familiar with American odds, you might be alarmed when you notice that most horse bets are placed with fractional odds. If you see a horse with 5-1 odds, you might not quite understand what that means – but don’t worry, it’s not that hard to wrap your head around.
These betting odds are what you should expect in terms of a payout if your horse wins the race. So, the number shows you how much profit you’d make off of the stake you risk. So for 5-1, for every $1 risked, you will win $5. If you bet $1, you will receive a payout of $6. If you bet $5 you would receive a payout of $30
See? Not that complicated!
While you don’t need to worry about pari-mutuel systems at the BetUS sportsbook, it is commonly used in-person in off-track betting locations (OTBs) and at the Pimlico racebook. If you never intend on betting at a physical racebook, you can skip this section. If you are planning to visit Pimlico to watch and bet on the Preakness Stakes one day, keep reading.
The Preakness Stakes betting odds can be determined by a pari-mutuel system, which means your potential payout on a particular betting type is separated into its own pot overall and divided by how many wagers are placed on that type. The odds will fluctuate before the race depending on where the money is being placed.
Picture bettors piling their money into a pot, and that pot growing based on how much money is wagered. The money will be divided among the winners and the pari-mutuel betting operator (the racebook at Twin Spires for example), will take a commission of the pot.
This differs from standard betting because your payout can continually fluctuate depending on other’s behavior. Instead of placing a $100 wager and locking in 5-1 odds then receiving the payout that’s calculated on your bet slip, you will just receive a percentage of that pool which varies greatly.
Pari-mutuel betting makes it difficult to assess the value of your wagers, which makes things challenging if you’re trying to develop a Preakness Stakes betting strategy. This is why you normally wait until just before the race when betting pari-mutuel, because there are so many variables and so much movement before the race, you need to make sure you aren’t making a bad bet.
There are plenty of betting options when it comes to betting on the Preakness Odds. It’s advised to learn about each Preakness Stakes betting type and determine which bet is the best option for each individual race. Many times, you will place multiple bets on each race, but first you will want to determine which betting types compliment each horse or race.
Win, Place, Show
The most common and basic type of wager in horse betting is the win, place, show, or just a straight up wager. The simplicity of these bets allows you to pick the winner, or pick with a small margin of error and still cash in. They won’t pay out as much as an exotic bet, but you can still make some great money betting straight bets at the Preakness Stakes.
If you bet on a horse to ‘Win’, it’s fairly straight forward: you need that horse to win. You are picking a horse straight up to win the race. If that horse wins, you win.
If you’re betting on a horse to ‘Place’, you are betting on a horse to place first or second. Your horse must place in the top two, it doesn’t matter which place for you to win your bet. Your payout will be reduced from the ‘Win’ bet, as you are reducing your risk.
If you’re betting on a horse to ‘Show’, you’re betting on a horse to finish in one of the top three positions. Like the ‘Place’ bet, it doesn’t matter which position, just as long as the horse finishes in first, second or third. This bet will have further reduced odds as you will be reducing the risk further than the ‘Place’ wager.
If you want to try to win more and think you have a good grasp on which horses will be placing in the top few spots, you can try your hand at some Preakness Stakes exotics. These wagers have high payouts, but substantially more risk – so you will need to do plenty of research before you place your wagers.
Exacta bets are when you pick the top two horses and they must place in that order for your bet to cash. You don’t have the flexibility of the order being reversed in any case, you must pick the first-place horse and the second-place horse exactly as they finish. If your second-place horse places first, you will lose your bet.
i.e. you could pick horse 7 to finish first and horse 3 to finish second which would be a 7-3 exacta.
If you want to level up on an exacta and predict the top three horses that win a Preakness Stakes race exactly, you can make a Trifecta wager. Trifectas are the same as Exactas, just with the top three placements. So you will need to correctly pick the first place horse, second place horse and third place horse. There is no room for error here, as you have to pick the specific horse to the specific position.
i.e. you could pick horse 1 to place first, horse 5 to place second and horse 2 to place third which would be a 1-5-2 trifecta.
Levelling up even further, you can make a Superfecta bet, which is the next step up from the Trifecta, where you will have to correctly pick the top four horses and place them in their correct positions. Superfectas are not for the light of heart – they can be extremely risky.
i.e. you could pick horse 4 to place first, horse 7 to place second, horse 2 to place third and horse 1 to place fourth, which would be a 4-7-2-1 superfecta.
If you want to bet a daily double at the Preakness Stakes, you will need to pick the winning horse of two races in a row. You could pick a 6-2 Daily Double wager, and you would be betting on Horse #6 to win race one and then horse #2 to win race two. These daily doubles resemble parlays in regular sports betting, as you’re picking the outcome (winner) in multiple events. You’re just picking the horses straight up, just combining them into one bet.
You can continue this and make it bigger and better with Pick 3s, Pick 4s, Pick 5s and so on. You can pick the winner of each race, one after another. This is extremely challenging for even the most experienced horse bettor, so don’t take this style of bet lightly.
As with many big sporting events, you can find Preakness odds to win, which essentially gives you an opportunity to pick which horse you think will win the Preakness Stakes overall. As soon as all of the horses finish their qualifiers and the contenders are announced, you can start betting on Preakness Stakes futures.
The odds for futures are usually on the high side because you have so many horses to choose from. Many times, there are stand out horses that are strong contenders and heavy favorites, but they don’t always end up winning the race. You can get some great value from betting on an underdog in some cases. Pay attention to qualifiers and how horses have performed at previous races to ensure you have a good idea of how they might perform at the Preakness Stakes.
Find the Best Preakness Odds
There are plenty of Preakness Stakes odds from online Racebook. The key is to bet them at the right time and to find the best odds. Check with our Racebook as the odds are updated and snipe the teams of your choice when their prices are right!
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Watch for all the action to take place at Pimlico on Saturday, May 21, 2022, with live television coverage of the Preakness on NBC beginning at 4:30 PM ET with post time at approx, 6:45 PM ET.
The Preakness Stakes is the second event in the Triple Crown Races and is held every year on the third Saturday of May. The 2022 Preakness Stakes will take place on May 21, 2022.
Yes, you can head over to our sportsbook and select the horse racing tab in the side menu to bet on all events at the Preakness Stakes.
You can bet on the Preakness Stakes conveniently online at BetUS Sportsbook. Just head over to the horse racing section.
Yes, you can legally bet on any event at the Preakness Stakes online as long as your state allows legal sports betting.
There are several Preakness Stakes betting types, including Win, Place, Show straight bets, Exactas, Trifectas, Superfectas and more. You can find a complete Preakness Stakes betting guide in our How to Bet on the Preakness Stakes tab.
You can visit our sportsbook to find Preakness Stakes odds, including futures wagers where you can bet on which horse you think has the best odds to win.
The 146th Preakness Stakes title was won by Rombauer, jockeyed by Flavien Prat in May 2021.
To bet on the Preakness Stakes at BetUS Sportsbook, you must be 18 years of age or older.
When betting on the Preakness Stakes, you are able to bet on Win/Place/Show straight wagers, Quinellas, Exactas, Trifectas, Superfectas, Daily Doubles, as well as Pick 3s, Pick 4s, and Pick 6s.