The Preakness Stakes, which takes place annually at Pimlico Racecourse in Baltimore, is one of the most exciting horse racing events of the year. It’s the second leg of the Triple Crown.

But it’s always more exciting (and fun) when you know how to bet on the Preakness Stakes – and win.

Because I hate the bookies with a passion, and because I genuinely want to see others win, I’ve put together a guide that will help you place better bets at the Preakness Stakes. This guide on Preakness Stakes betting will show you how to pick winners and will make the next Preakness Stakes more enjoyable for you.

I’ll be taking a look at the best Preakness Stakes betting sites, and I’ll also be revealing a betting strategy I personally use to make more profits.

2020 PREAKNESS STAKES BETTING. Horse racing is great because there’s always plenty of action on the board whether it’s a big race like the Preakness Stakes or a daily card at one of the many racetracks across the country. At BetOnline.ag. The first step to betting this year’s Preakness Stakes online is to open a betting account. The process is simple and it is easy to complete in a short amount of time. You can wager online on the Preakness Stakes via the TVG website or using the TVG iOS app from the App Store. At this time, there is no app for Android, but the website is enhanced for mobile betting. If you’re in the USA, betting on the Preakness Stakes online isn’t as simple as simply launching your favorite sportsbook app. Instead, you’ll have to use a specialist-pooled horse racing betting.

Ready? Let’s make a start.

Best Preakness Stakes Betting Sites

MyBookie is an American betting site that comes with its very own racebook. Here, you will find specials on the Preakness Stakes, as well as great Preakness odds and an excellent user interface.

Sign up today and grab a 100% match deposit welcome bonus.

Bovada is the U.S.’s biggest sports betting site. When it comes to the Preakness Stakes, Bovada offers more futures props and lines than almost any other site. Bitcoin is accepted, payouts are fast and reliable, and the site is one of America’s most trusted.

Sign up today and grab a 50% welcome bonus up to $250.

Another reputable American sports betting site, Bet America, is one of the best around when it comes to horse racing in general. You can place all types of Preakness Stakes wagers here, and the site is especially ideal for high rollers who prefer to place bigger stakes.

Sign up today to qualify for a $1,000 risk-free first wager.

Betting On Preakness Stakes: Full Guide

Helpful Stats & Facts For Betting On Preakness

Whenever you place a wager on the Preakness Stakes, it always helps to have a few handy stats and facts by your side. Here are some of my personal favorites:

• Only one horse has won the first two legs of the Triple Crown since 1978 (California Chrome did it in 2014)

• The post-time favorite almost always finishes first or second

• A filly hasn’t won Preakness since 2009

• The Kentucky Derby winner is generally installed as the favorite for the Preakness

• The favorite wins the Preakness Stakes nearly 50% of the time – way more than the Kentucky Derby and Belmont Stakes

• The biggest ever upset was in 1975, when a 23-1 horse won

• The Preakness is 9.5 furlongs, which makes it the shortest in the Triple Crown. Therefore, it’s less of a test of a horse’s stamina than, say, the Belmont Stakes (12 furlongs)

• Top 10 jockeys tend to win 9 races out of 10

The Most Popular Types of Bets

There are numerous types of Preakness Stakes bets you can place, and you must find one that’s right for you. Here are some of the most popular Preakness picks:

• Win – A win bet is really simple: You just wager on who you think will win the race.

• Place – A place has a worse payoff than a win bet but it’s easier to succeed at. Essentially, you will make a profit if your horse finishes anywhere in the top two.

• Single race exotic bets – For this wager, you need to pick a horse (or more than one) and guess correctly where they will finish at the end of the race.

• Exacta – With an exacta, you need to wager on who will finish in the top two, as well as their exact order.

• Quinella – This one offers a smaller payout than an exacta, but it’s easier to get right. You need to pick two horses you think will finish in the top two, but you don’t need to wager on the correct order.

• Trifecta – A trifecta is difficult to get right because you have to guess the finishing order of the top 3 correctly. But it’s a lot of fun.

• Superfecta – If you think you can correctly guess the top four finishers, the superfecta bet is for you.

• Super High 5 – Think a superfecta bet is for amateurs? Try a Super High 5 bet, which requires you to guess the top 5 finishers correctly. As you can imagine, the payoff will be huge.

• Multi-race exotic bets – Especially if you’ll be spending your whole day watching the Preakness Stakes, a multi-race exotic bet is a lot of fun. Essentially, you need to guess the correct winners of two or more consecutive races. The more wins you win on the spin, the more the excitement builds.

Preakness Stakes Betting Strategy

To maximize your chances of winning money, it’s key that you have a betting strategy behind you.

In this section, I’m going to share with you a Preakness betting strategy that numerous other bettors and I have used in the past. It can help you win big – but it’s important to note that past wins don’t guarantee future wins.

Mix And Match With a Trifecta

As mentioned earlier, a trifecta bet is when you correctly guess the finishing order of the top 3. It’s one of the best exotic bets around.

Seems like a tall order?

Well, it kinda is – but there are ways to increase your chances of winning.

The key to a successful trifecta is to be confident about who will win the race. As we’ve already seen, the favorite tends to win 50% of the Preakness Stakes time. This means that if there’s a strong favorite this year, you can lock that horse in. Then, you just need to fill in the next two spots.

Naturally, that’s easier said than done. But consider this: At a recent Preakness Stakes, the second and third spots were claimed by second and third favorites.

That won’t always happen, of course. But the beauty of a trifecta bet is that the payouts are HUGE. If you stake just $1 on a trifecta bet, you could potentially win $140+.

Personally, I place multiple trifecta’s, each one containing a different finishing order. If just one of those lands, I collect.

And as said, if you’ve got a strong favorite, all you really need to do is correctly guess who will finish second and third.

Top Tips For Betting On Preakness

Bet On Jockeys

When casting your eyes over the horses, make sure to check out the jockeys, too.

Why? Because if a jockey is coming into the race in form, the best jockeys will want him to race their horse.

Back The Favorite To Place

If you’re looking to dump money on the favorite but aren’t super confident that they’ll win the race, you could back them to at least place. The payout won’t be as high but this is a fairly easy way to make some profit at Preakness.

Stick To Your Budget

I’ve seen bettors lose control of their bankroll when their first wager doesn’t come in.

It’s REALLY important that you set a budget and don’t go beyond it. Otherwise, it won’t be fun anymore.

And remember – a loss is a loss. It’s not the end of the world.

Common Online Betting Tools

• BetCalculator– Unlike other sports, horse racing betting is all about the odds. To make sure you understand how much a particular wager will yield, use a tool like BetCalculator

• OddsChecker – Before you place a wager, you’ll want to shop around for the best odds on the Preakness, as this will maximize your profits. OddsChecker is great for this

• Google Sheets – One thing I like to do to help me prepare for Preakness Stakes is to create a spreadsheet that records the form of the horses and jockeys coming into the derby. Doing so helps me track form and find patterns and trends. This can help me find value bets and learn more about the favorite. It also helps me with other horse racing events.

Final Word On Preakness Stakes Betting

Thank you for reading my guide to Preakness Stakes betting. The next step is to choose a sportsbook that’s right for you, before grabbing the welcome bonus. Then, use the tips in this article to help you weigh up what wager to place.

More than anything, make sure you have fun – and make sure you don’t wager more than you can afford to lose.

Don’t forget to let me know how you get on in the comments, too!

When you see certain horse races on your calendar, it’s likely that you take notice, even if you are only an occasional fan of the sport. The Preakness Stakes is one of those races, and that’s why Preakness Stakes betting sites are so popular among horse racing bettors. You can make your wagers on this fantastic race using these sites with convenience and ease.

Betting on horse racing is a long-time passion throughout the world. It is one of the few sports where betting has been legal and even encouraged in most jurisdictions throughout its existence. Among the sport’s great races, the Preakness Stakes stands pretty tall, which is why Preakness Stakes betting websites become such an important part of a horse player’s repertoire.

After all, the Preakness Stakes is one of the longest-running horse races in the entire world, filled with great champions and thrilling performances. It is also important for being one of the three Triple Crown races in America (in this case, the middle leg). It draws intense betting interest from people who visit Maryland to watch the race in person, those who make it to off-track wagering centers, and people who bet online with the best online sites.

If you are new to online betting on horse races, you might not know how to locate those top-notch Preakness betting sites. You might not even know why it’s a big deal at all. Couldn’t you just pick a site at random and hope for the best?

That’s why you must know the tools to find Preakness Stakes sports betting sites that can be trusted with your wagers. You should also go into the process with certain needs for your online betting that should be satisfied by these sites. If they are, you might find that you use this site for far more wagering than just the Preakness Stakes.

In the following article, we’ll explore how to choose Preakness Stakes online betting sites out of the many available. More than that, we’ll provide you with our own list of the best horse racing betting websites that will give you odds on the Preakness Stakes and meet our own strict requirements. Finally, we’ll give you a primer on what the Preakness Stakes is all about and why it is a race that you’ll want to bet year in and year out.

Choosing Among the Best Preakness Stakes Betting Sites

Where do you begin the process of selecting the top online Preakness Stakes betting websites to make wagers on the race? Well, the best way to start is to look at our recommended sites above. These sites bring you the finest possible experience when you are betting on the Preakness Stakes.

How can you tell that these are the sites that offer odds on the Preakness Stakes? Well, you can trust it because we have already gone through the process of doing the research for you. We know what it takes to build a fine betting website, and we can assure you that the sites listed above meet those requirements.

All of these sites are reputable and time-tested. You might be surprised, if betting online for the first time, just how many Preakness Stakes sports betting websites there are on the internet that give you access to this race. It can be a daunting process to sift through all of these sites and pick a winner on your own.

Our recommended sites should be your starting process when deciding upon Preakness Stakes betting sites you might end up using. You might also encounter certain sites that you think are up to your standards based on certain criteria that you have that aren’t on this list. If that’s the case, you should also consider if they are comprehensive or just fulfill one of your specific needs.

Again, if you are new to betting on horse racing or any other type of sport online, you might not even realize some of the important characteristics of a horse racing betting site. You might go into the process with a specific characteristic that you want out of the site. But you should be looking for sites that satisfy each of the following six requirements:

Some of these qualities might mean more to you than others. And the sites that we’ve listed above might be stronger in certain categories than others. That’s why you should do research on each of the online wagering sites that we have recommended before making the leap to wager with them.

In addition, the sites that you might encounter on your own might be strong in one or two of those areas. But do they meet all six requirements, like we can promise that the Preakness Stakes betting sites that we’ve recommended do?

First, you must understand what all of those qualities mean and how they come into play in the world of online betting. Once you have that down, then you can feel confident that whichever one of the Preakness Stakes online sportsbooks that you choose will allow you to make your wagers with comfort and assurance.

Incredible Customer Service

It’s easy sometimes to get seduced by the flash of a betting operation without first checking out the substance. Something like customer service is by no means flashy and often can be overlooked when it comes to choosing online Preakness betting sites. But it shouldn’t be, as it is actually one of the most important qualities than an online betting website can have.

Simply put, an online betting site with good customer service will be there at every step of the process. In the beginning, they will walk you through the process of depositing your money and creating your account. They will also help you when it’s time to make bets, either on the technical end of the site or in terms of understanding odds and bets for each sport.

The customer service team should also be there to offer you perks to make your gambling dollars that much more valuable. We’ll talk more about how these perks work on Preakness Stakes online betting websites in the section below, but for now, you should know that customer service reps from these sites should be consistently offering you these bonuses. But they should never be pushy about it.

Finally, your customer service rep should be easily reached whenever a problem arises. Problems can range from an issue with the website operations to a discrepancy in payouts from winning bets. Since your money is on the line, these customer service reps should be timely and extremely helpful in their efforts to rectify any of your concerns. ↑ TOP

Compatibility With Many Devices

The gambling app is a relatively new development in the world of online gambling. But it has come in conjunction with the switch to mobile that has swept through the world of technology. And it is also making major inroads at horse racing betting sites around the internet.

The presence of an app is extremely convenient. If you’re only using the online gambling site to bet on that single race, you could plan to be at your computer, go on the website, and make your bet in plenty of time.

But what if you like to bet on lots of different horse races at different times of the day and night? And what about if you like to bet on other sports as well? Very few bettors would be able to do all that while perched in front of a computer for hours on end.

Work and other responsibilities likely keep you on the move throughout the day and night, often with access only to a tablet, smartphone, or other mobile devices. The best Preakness Stakes betting websites allow you the capability of betting with these devices. And if the app is easy to use and navigate, it makes betting on horse racing a snap. ↑ TOP

Variety of Banking Options

Being comfortable with the banking options available to you on your Preakness Stakes betting sites is one of the most underrated aspects of the experience. You might not even realize the hassles that can be caused by a site without a wide variety of choices as options. But you would realize if you went to make a deposit and there was a major problem.

Certain credit cards have regulations that might prevent their customers from using the cards as funding for online gambling-related sites such as Preakness Stakes online betting sites. Although regulations are slowly growing in favor of legalized gambling on all sports, there’s still some cloudiness in the online area. That’s why you might need some flexibility with the cards that the site will accept.

Those familiar with cryptocurrency might quickly realize how beneficial this can be for gambling. You’re looking at instantaneous payouts, top-notch privacy, and no chance of any reneging on the part of the site on payment. All of that can be used to your benefit if you choose online horse racing sites that allow these digital coins as payment. ↑ TOP

Trusted Deposits and Withdrawals

Now we are getting into the nitty-gritty about what makes choosing the best Preakness betting sites so important. If you are a regular gambler who will augment your Preakness Stakes betting with other forms of wagering, you will likely have a fair amount of money in play. You will also have the potential of winning significant amounts of money.

Any site that you choose should be beyond reproach when it comes to handling the money of their clients and dealing it out when bets are won. Many newcomer betting sites might not have this reputation that can only be built over years of operation. That’s why you might want to reconsider going with one of the new kids on the block when doing online sports betting of any kind.

The Preakness Stakes betting site that you choose should make very clear its policies on its customers depositing and withdrawing money. They should also be clear about the timing of payments. All of that should either be spelled out on its website or communicated to the customer before any money changes hands.

It’s understandable if a betting site that allows access to the Preakness Stakes requires minimum amounts in an account for deposits or a minimum amount of play before winnings can be collected. What’s not understandable is if the site in question changes its rules or doesn’t reliably follow the ones that they’ve already set. That’s why you should look first at the betting sites we’ve listed above to see if they meet your demands before taking a chance on an unproven site. ↑ TOP

Excellent Gambling Choices

Most people aren’t going to go through the trouble of creating an account at a gambling website just to bet on the Preakness Stakes once a year and call it a day. In most cases, Preakness Stakes sports betting websites will be used for far more than betting on this single race, even as great as it is. And the sites will probably be used by many for far more than just horse racing.

That’s why sites where you can bet on the Preakness Stakes that offer the most betting variety should be on your radar. Let’s start with horse racing. There are a lot of major races in the world, including the other American Triple Crown races (the Kentucky Derby and the Belmont Stakes) that draw extreme betting interest. You’ll likely want exposure to betting on all of them.

You might even want to bet on horse races that take place daily across the country. Many online Preakness Stakes betting sites can promise you that kind of action. But can they also promise you the ability to bet on all major sports on the site as well?

Can they also promise you the chance to do online casino gambling, such as simulated slot machines, poker, video poker, and any other casino game you can imagine? All of that might be on your radar as a gambler. If that’s the case, you should be looking for Preakness Stakes sports betting websites that, quite frankly, go far beyond the Preakness Stakes. ↑ TOP

Strong Bonuses

Our last stop on the tour of qualities that you might demand from your Preakness betting sites is the idea of bonuses. Remember that online gambling sites have to compete with one another for customers. The only way that they can do that is to offer you and other customers bonuses on top of the chances to win bets.

What form do these bonuses take? Well, there can be deposit and reload bonuses, which add a percentage onto whatever you deposit into your account. You also might get treated to VIP perks and free bets depending on the amount that you gamble at a particular site for horse racing.

Most Preakness Stakes betting sites will place restrictions known as “rollovers” onto any offer that they make. Rollovers require you to wager a certain amount before you can collect your winnings. Otherwise, you could conceivably make a deposit with the bonus added on to it and then withdraw it all to pocket the difference.

While rollovers are a standard procedure at betting sites of all stripes, you can look for sites where the rollover requirements are lower than others. You might even find sites that will offer you more aggressive bonuses for betting on horse racing or the Preakness Stakes in particular. The bottom line is that you should do a lot of comparison shopping before settling on any site in particular for your online wagering needs. ↑ TOP

Other Considerations

We’ve given you six different characteristics that you should look for in your Preakness Stakes online betting websites, but you shouldn’t be afraid to mention your own needs. If those needs are reasonable, chances are the sites in question will meet them, especially if the site comes from the list that we have above.

What you should never do is be careless with your choice. That kind of decision can come back to haunt you later. Remember that the world of online betting is not really regulated to a great degree, so you won’t really have much of a way to fight back if you are scammed or cheated by a disreputable betting site.

Now that you have the tools in place to choose wisely from among all of the Preakness Stakes betting sites that you might encounter, we can talk about the race itself. First, we’ll give you some specifics on the Preakness Stakes and what it’s all about. Then we’ll go into the gambling part, in terms of making bets and picking horses. ↑ TOP

Can I Bet On The Preakness Online

Preakness Stakes Facts

• The Preakness Stakes is run on the third Saturday in May each year at Pimlico Race Course in Baltimore, Maryland. Dating back to the 19th century, it has been in existence longer than most horse races, including the Kentucky Derby. Preakness betting sites might not have been around then, but betting on this famous race has always been a great part of its tradition.
• The Preakness Stakes is the second leg of American thoroughbred racing’s Triple Crown. It is sandwiched between the Kentucky Derby, held two weeks earlier, and the Belmont Stakes, three weeks later. Rarely does a horse win all three, which is why there is such interest in the Preakness Stakes and betting sites that cater to it, as the public becomes enthralled each year with a potential Triple Crown winner.
• The race is run at the distance of 1 3/16 miles on a dirt service. It is restricted to only three-year-old horses. And the purse, which tends to rise occasionally every few years to keep up with inflation, is one of the richest awarded to horses of that age.
• Betting on the Preakness Stakes can be done by those who attend the race in person, which allows them to be a part of what is an unforgettable cultural event. It can also be done at off-track wagering locations throughout the country where horse racing betting is legal. Many people indulge their betting interest by taking advantage of online Preakness Stakes betting sites.

How to Bet on the Preakness Stakes

As we mentioned before, you can bet on the Preakness Stakes in person by attending the event or checking out an off-track wagering site. For those who plan on betting on the race using Preakness Stakes online betting sites, it’s a good idea to understand the process of how to make this happen. It will take some of the mystery out of it, especially for those who might be new to gambling on horse racing.

First of all, you should get to know the horses before betting on this prestigious race. The easiest way to do this is to buy a program or a racing form. Program pages for the Preakness Stakes can usually be found online for free since it is such a popular race.

The program will show all of the pertinent statistical and biographical information you might need to know before betting on Preakness Stakes betting sites.

• Past performances, including where the horse finished in previous races
• Brief descriptions of the horse’s performances
• Speed figures, which put a numerical value on a horse’s performance in a race based on class, track surface, trip, and other factors
• Pedigree, including the horse’s mother, father, and grandfather
• Statistical information on the owners, breeders, trainers, and jockeys of each horse

You can use all of that information to help you pick the horse in which you want to bet on Preakness Stakes betting sites. Or you can look at an analysis of the race from professional horse handicappers. There will be no shortage of this with a race like the Preakness Stakes, which commands so much media attention.

Another way that you can pick winning horses on horse racing betting sites is to go back and watch previous races. If you are a big fan of horse racing, you might have been watching to see how the horses have performed all along the way. Since many of the horses that compete in the Preakness Stakes also race in the Kentucky Derby, which is a highly-publicized and popular event, you can certainly get a good feel for one race by watching the other.

Even if you are a novice fan who is coming into the Preakness Stakes fresh, you can still play catch-up. Many previous races are available to watch online at various sites. You can simply go back, get a feel for the performances of each of the horses in the races, and go in confident with your selections for the Preakness Stakes.

As for the mechanics of making your selection, you first have to understand the types of horse racing wagers that you are able to make on Preakness Stakes betting sites. These bets will be similar, in most cases, to the bets that are placed right at the track and have been a part of horse racing for much of its existence. They can be broken down into straight and exotic bets.

Straight bets are distinguished by the fact that you will only be choosing one horse. The most common types of straight bets are:

• Win: Bet on a horse you think will win the race
• Place: Bet on a horse you think will finish first or second in the race
• Show: Bet on a horse you think will finish first, second, or third in the race

With straight bets, you have a pretty good chance if you can zero in on a horse for the Preakness Stakes. In fact, the odds that you will see quoted usually refer to the odds on a horse to win. If your horse is listed at 3 to 1, it means that you will receive three dollars for every horse that you bet if the horse does indeed win the race.

Beyond that, there are the bets that are known as “exotic bets.” Most Preakness Stakes online betting websites that are worth their salt will offer you a wide range of exotic bets, which are characterized as being bets that require multiple horses to be chosen by the bettor. Many horse racing bettors love exotic bets because of the way it allows them the chance to win a lot of money on a small bet.

The most common forms of exotic bets found on Preakness betting sites are:

Can I Bet On The Preakness Online Live

• Exacta: Bet on the horses that will finish first and second in the order of finish
• Trifecta: Bet on the horses that will finish first, second, and third in the order of finish
• Superfecta: Bet on the horses that will finish first, second, third, and fourth in the order of finish
• Daily Double: Bet on the winners of two races in a row
• Pick 3, Pick 4, etc.: Bet on the winners of three races in a row, four races in a row, etc.

As you can see, exotic bets are difficult in that it takes more than one horse to deliver for you. You’ll need to handicap the race, or multiple races, on online Preakness Stakes betting websites beyond just the horse that you think will come in first in the race. That means that you really have to be sharp with your handicapping or at least a little lucky.

The draw of making exotic bets on Preakness Stakes betting sites is that you don’t have to bet a lot to win a lot. If the odds are right and your horses come in the order that you predicted, you have the capability of winning hundreds or even thousands with only a tiny wager. Your chances of winning an exotic bet aren’t the best, but you will be compensated well if you can do it.

One other thing to note about exotic bets is that you can improve your odds for the exacta, trifecta, and superfecta by a tactic known as “boxing.” When you “box” an exacta, for example, you could win no matter which order the top two come in, as long as they are the two you picked. Boxing an exotic bet will require you to wager a little bit more, but it will also make an exotic wager that much more winnable.

Betting Tips on the Preakness Stakes

The Preakness Stakes is raced at the shortest distance of all three Triple Crown races. Horses with great early speed have a much better chance of holding up for the entirety of the race. Keep that in mind when you make your bets for either straight or exotic bets, as these horses could certainly be near the top of the order of finish.

The Preakness Stakes takes place just two weeks after the Kentucky Derby, which is a pretty tight stretch for most Thoroughbreds accustomed to waiting much longer between races. Any horse competing in both the Derby and the Preakness might feel the fatigue. By contrast, horses that have skipped the Derby but are entered into the Preakness could have fresher legs, making them excellent picks on Preakness Stakes betting sites.

Sometimes, the starting location of a horse will have a severe impact on how it completes the race. If a horse is stuck on an outside post, it can get stuck wide around turns. If all else is equal, look for horses that have the better post positions when making your selections on Preakness betting sites.

Conclusion

The Preakness Stakes is not the kind of race you want to miss out on in terms of making your bets. There are so many betting opportunities that are allowed that you can certainly come up with value plays if you play your horses right. But it also means that you’ll need a trustworthy site to make your bet.

By looking over our list of the Preakness Stakes betting sites, you can get a head start on making that selection. You can also look at the necessary qualities of a good betting site to make the choice on your own. In that way, you’ll have a winner of a site so that you can pick your winner of the Preakness Stakes!