How To Bet On The Preakness Stakes 2024: Sites, Odds & Horses

A relatively new sportsbook on the scene, BetWhale has a top-notch racebook to bet on the Preakness Stakes. What cements its place close to the top of our list is its stunning welcome bonus, low minimum deposit amount, and a huge range of banking options which include both fiat and cryptocurrencies. Players must note that withdraws can only be made via VISA, Bank Wire, Bitcoin, and Tether, which all take 1-3 business days. There is also a withdrawal limit of $2,500.

Unfortunately, there is no live chat available, but players can get in contact with customer support via phone (+18554700588) and e-mail ([email protected]).

Preakness Stakes Welcome Bonus

BetWhale’s welcome bonus is what really drew us to the site. New players are welcomed with a 125% deposit bonus up to $1250 to bet on all sports, including Preakness bets. There is a minimum deposit of $50 to qualify for this bonus with a 10x wagering requirement. Unfortunately, that’s the only bonus we could find on-site, but it is a mouth-watering one.

Preakness Stakes Odds at BetWhale*

While BetWhale does not offer ante-post odds for the Preakness Stakes, we were assured that they would appear onsite closer to the race day.

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

*General odds

3. BUSR – Most Competitive Preakness Stakes Odds

For horse betting fans searching for unbeatable Preakness Stakes odds and an exceptional Preakness Stakes betting journey, BUSR may be the racebook for you. Renowned as a top-notch online sportsbook with a decade of experience, BUSR caters to both casual enthusiasts and seasoned pros, delivering comprehensive coverage of the most prestigious horse racing meets across the US and Europe.

Preakness Stakes Welcome Bonus

BUSR have a fantastic $150 racebook bonus for new account holders. The promotion is exclusively for new players who deposit a minimum of $100 and wager at least $500 within 30 days of registering. Once qualified, a $150 Racebook Bonus will be automatically deposited into their racing account. Eligible players from TVG, TwinSpires, Xpressbet, and BetAmerica can participate by making online wagers at the BUSR website’s racebook. To withdraw the $150 bonus, players must wager it once in the racebook. Bettors can also get up to $2000 in daily rebates.

Preakness Stakes Odds at BUSR

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

4. Bovada – Most Trusted Betting Site Among US Players

Bovada is a solid destination to bet on the Preakness Stakes. It is one of the most trusted destinations for sports bettors thanks to its experience, being launched way back in 2011. Boasting a user-friendly interface, super low wagering requirements, and a wide spectrum of betting choices, Bovada ensures a satisfying betting journey tailored to both bettors who fancy the casual flutter and seasoned veterans.

Preakness Stakes Welcome Bonus

While not exactly a specific bonus for Preakness Stakes betting, Bovada provides bettors a generous welcome bonus which can be used for betting on Preakness Stakes. Bovada offers a 50% match bonus up to $250 on the first deposit when using VISA and Mastercard. However, for crypto fans, there is a 75% match bonus up to $750 on the first deposit. All you need to do is enter the code BTCSWB750 when depositing and prompted on-site.

Preakness Stakes Odds at Bovada

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

5. BetNow – Perfect Racebook for Beginners

BetNow is a perfect place for beginners and casuals to bet on the Preakness Stakes thanks to its easy sign-up process, well-designed site, and detailed guide to different types of horse racing bets. Players can also get exclusive horse racing news, odds, and tips here, making it an overall top-choice racebook for betting on Preakness Stakes.

Preakness Stakes Welcome Bonus

The welcome bonus at BetNow is nothing to be sniffed at. New players can get a more rewarding bonus depending on their deposit method. To claim bonuses, select the respective codes and deposit methods. CRYPTO200 offers a 200% bonus for Crypto deposits, BN150 and BN100 provide 150% and 100% bonuses for MoneyGram, Zelle, and Card deposits respectively, while BN50 offers a 50% bonus. Minimum deposits range from $10 to $20, with maximum bonuses ranging from $200 to $1,000. Rollover requirements vary from 12X to 30X. For instance, a 20X rollover means depositing $100 for a $100 cash bonus requires accumulating $4,000 in rollover points to request a payout.

There is also a weekly rebate for players. BetNow grants horse bettors with a 10% rebate based on their net losses, meaning every bet you lose, you get 10% of the loss back in your account. The rebates are calculated and given out every Monday at noon, eastern time.

For those who like social betting, players can also refer friends and receive a 100% cash bonus for every depositing referral.

Preakness Stakes Odds at BetNow*

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

*General odds

6. Lucky Block – Best Place to Bet for Crypto Fans

For crypto bettors looking where to bet on the Preakness Stakes. Offering a seamless crypto-betting experience for the Preakness Stakes betting while prioritizing user privacy, Lucky Block has emerged as a top new sports betting which is reshaping the US betting landscape. Bid farewell to cumbersome verification processes and welcome a hassle-free sign-up experience. Lucky Block goes the distance to accommodate a diverse spectrum of bettors, catering to both casual enthusiasts and seasoned professionals with competitive odds and a comprehensive range of betting options for the Preakness Stakes. Leveraging blockchain technology, the platform ensures utmost security, transparency, and decentralization, fostering an environment of fairness and trust among its users.

Preakness Stakes Welcome Bonus

Although Lucky Block may not feature dedicated promotions designed solely for the Kentucky Derby, newcomers registering with the sportsbook can still indulge in a substantial 200% bonus, reaching up to $25,000. Immerse yourself in the realm of crypto betting with Lucky Block and elevate your betting journey today.

Preakness Stakes Odds at Lucky Block*

Lucky Block currently does not feature ante-pots Preakness Stakes odds. However, we were assured they would appear on-site closer to the race.

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

*General odds

7. BetUS – Best Site for Horse Racing Hub

For the most in-depth Preakness betting guide and hub, featuring the latest news, odds, and expert tips, BetUS is the racebook for you. The ‘horse racing hub’ at BetUS has tons of comprehensive articles written by horse racing experts, giving you information to make well-informed bets. There is also a robust range of horse racing FAQs answering queries such as ‘how to bet on horse racing odds’, ‘how often horse racing betting favorites win’ and ‘how to make a horse racing prop bet and parlay’.

Preakness Stakes Welcome Bonus

Newcomers embarking on their BetUS journey can gallop to the starting line with an enticing 125% Deposit Bonus, reaching up to $2500. Whether your sights are set on Win, Place, Show, Exacta, Trifecta, or Superfecta wagers for the Preakness Stakes, BetUS ensures an extensive array of betting options, catering to every betting preference. There is also a 200% crypto sign-up bonus, which includes a 150% sports bonus up to $3,750. The rollover for this bonus is 15x.  To claim this bonus, you must enter the promo code JOIN200.

In addition to the welcome bonuses, there is a 300% referral bonus up to $6000. Simply refer your friends to BetUS and after they make their first 3 deposits, you will be rewarded with a 100% bonus up to $2000 of your friend’s first three deposits.

Preakness Stakes Odds at BetUS*

While BetUS does not currently offer ante-post Preakness Stakes odds, customer service assured us they would be available closer to the race.

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

*General odds

8. Everygame – Get Rewarded for Placing Parlay Bets

For horse racing parlay bets, Everygame is the racebook to bet on the Preakness Stakes. placing parlay bets can earn you the chance to win one of twenty $50 free bets weekly. If your parlay bet loses due to only one incorrect tip and meets specific criteria, you’ll automatically be entered into the draw. Everygame Sportsbook also offers exclusive special offers via SMS text message to lucky recipients. To ensure you’re eligible, make sure your current telephone number is updated in your account settings. By doing so, you could receive a special bonus or free bet offers exclusive to SMS recipients.

Preakness Stakes Welcome Bonus

There is a juicy $750 welcome bonus at Everygame which can be used for Preakness Stakes betting. Everygame offers you the opportunity to win big with successful in-play parlays across various top sports, including horse racing. Simply wager a total of at least $100 in live-betting parlay stakes on any sports within a single calendar week and you’ll receive a personalized $20 free bet code via newsletter the following week.

Preakness Stakes Odds at Everygame*

There are no futures for horse races at Everygame when we asked customer service but we were assured that they would appear onsite closer to the race.

• Muth: -120
• Mystik Dan: +400
• Imagination: +600
• Tuscan Gold: +600
• Just Stell: +1200
• Seize The Grey: +1400
• Copper Tax: +2500
• Informed Patriot: +2500
• Uncle Heavy: +2500
• Mugatu: +4000

*General odds

Related: Spotting Value Bets: How To Win Big In Horse Racing

9. MyBookie – $1000 Sign-Up Bonus Awaits New Players

MyBookie is a prime location to bet on the Preakness Stakes thanks to a mouth-watering welcome bonus, which awaits new players. The site also keeps things easy with a user-friendly website that’s perfect for beginners and pros alike. And for betting on the go, MyBookie is a mobile-friendly platform, so you can bet on the fly and never miss a chance to win big. The site has a friendly customer support team on hand to help with any questions or concerns you have. Plus, they offer plenty of methods to deposit and withdraw funds, so you can focus on the fun without any hassle. It’s sports and horse betting made simple, from start to finish.

Preakness Stakes Welcome Bonus

There’s a $1000 sign-up bonus + a $10 casino chip for new players at MyBookie. There is a 10x wagering requirement for this bonus. In terms of horse racing, there is an 8% weekly horse rebate, through which you receive 10% of your net losses back into your account.

Preakness Stakes Odds at MyBookie

• Muth: -120
• Mystik Dan: +250
• Imagination: +500
• Catching Freedom: +500
• Tuscan Gold: +700
• Just Steel: +1300
• Seize The Grey: +1300
• Uncle Heavy: +2000
• Mugatu: +4000

10. Xbet – Huge Range of Sports Bonuses

Capping off our list of best racebooks to bet on the Preakness Stakes is Xbet. This is thanks to a huge range of sports bonuses which includes a 7% horse rebate, a sports reload and a first deposit bonus up to $500. Xbet is a crypto friendly sportsbook, supporting an impressive range of crypto deposit methods. These include Bitcoin, Litecoin, Bitcoin Cash, Ethereum, BNB, Solana, Cardano, Tether, Shida Inu, and Dogecoin. There is also a comprehensive help center with tons of articles which answer many queries customers may have.

Preakness Stakes Welcome Bonus

New sing-ups get a 50% sports bonus up to $500 + $10 casino chip (if you want to take a break from betting). There is also a low wagering requirement of 7x making it a pretty realistic rollover.

Preakness Stakes Odds at Xbet

• Muth: -120
• Mystik Dan: +250
• Imagination: +500
• Catching Freedom: +500
• Tuscan Gold: +700
• Just Steel: +1300
• Seize The Grey: +1300
• Uncle Heavy: +2000
• Mugatu: +4000

How We Picked the Best Sites to Bet on the Preakness Stakes

We concentrated on several different factors when choosing the best sites to bet on the Preakness Stakes.

Reputation and Trustworthiness

We examine all of the site’s reputation within the industry and among bettors. This includes factors like how long the site has been operating, whether it has any history of scams or fraudulent activities and whether it holds relevant licenses and certifications.

Variety of Races and Betting Options

A good horse racing betting site should offer a wide range of races from different tracks around the world. It should also provide various types of bets, including win, place, show, exacta, trifecta, and more.

Competitive Odds

The odds offered by the site should be competitive compared to other bookmakers. We compared odds, where possible, to determine if the site consistently offers favorable terms to bettors.

User Interface and Experience

The site should have a user-friendly interface that makes it easy for bettors to navigate, place bets, and manage their accounts. This includes factors like website design, mobile compatibility, and the speed and reliability of the platform.

Bonuses and Promotions

We looked at the bonuses and promotions offered by the site, such as welcome bonuses for new users, loyalty programs for regular bettors, and special promotions tied to specific races or events.

Payment Options and Security

The site should support a variety of payment methods for deposits and withdrawals, and transactions should be secure and protected with encryption technology. We assessed the speed and reliability of payouts.

Customer Support

A reputable betting site should provide excellent customer support to assist bettors with any issues or concerns they may have. This includes offering multiple channels of communication, such as live chat, email, and phone support, and ensuring prompt and helpful responses.

Additional Features

We also considered additional features offered by the site, such as live streaming of races, in-depth race analysis and statistics, and betting tips and resources to help bettors make informed decisions.

Betting on the Preakness Stakes: Explained

If you’re new to betting on the Preakness Stakes, you may have some questions. Fortunately for you, we’ve compiled a brief Preakness betting guide which will tell you everything you need to know.

What is the Preakness Stakes

The Preakness Stakes is one of the most prestigious horse racing events in the United States, alongside the Kentucky Derby and the Belmont Stakes. It’s held annually on the third Saturday in May at Pimlico Race Course in Baltimore, Maryland. The race is the second part of the Triple Crown series, which also includes the Kentucky Derby and the Belmont Stakes. It was first run in 1873, 2 years before the first Kentucky Derby, making it one of the oldest horse races in the US. The race covers 1 + 1⁄4 miles (10 furlongs; 1.9 kilometers) on dirt and is considered one of the best flats courses in the world.

How to Bet on the Preakness Stakes

Betting on the Preakness Stakes is similar to betting on any other horse race. Here’s an example of how you might place a bet on the Preakness Stakes:

• Choose a Reputable Online Sportsbook for Our List Above: Start by selecting one of the trustworthy online sportsbooks or betting sites from our list above, to bet on the Preakness Stakes.
• Create an Account: If you don’t already have an account with the chosen sportsbook, you’ll need to sign up and create one. This usually involves providing some personal information and creating login credentials.
• Deposit Funds: Once your account is set up, you’ll need to deposit funds into it to place bets. Most online sportsbooks offer various deposit methods, such as credit/debit cards, bank transfers, or e-wallets like PayPal.
• Navigate to Horse Racing Section: After funding your account, navigate to the horse racing section of the website or app. Look for the Preakness Stakes among the upcoming races.
• Select Your Bet Type: Choose the type of bet you want to place, such as win, place, show, exacta, trifecta, etc.
• Choose Your Horses: Select the horses you want to bet on for your chosen bet type. For example, if you’re placing a win bet, select the horse you believe will win the race.
• Enter Your Wager Amount: Specify the amount of money you want to wager on your chosen bet. Make sure to double-check your selections and the amount before confirming.
• Confirm Your Bet: Once you’re satisfied with your selections and wager amount, review your bet slip and confirm your bet.
• Receive Confirmation: After confirming your bet, you should receive confirmation of your wager, usually in the form of a digital bet slip or confirmation message.
• Watch the Race: Sit back and enjoy watching the Preakness Stakes! If your chosen horse(s) perform well according to your bet, you could be in for a big pay day.

What are the Different Preakness Bets to Make?

There are quite a few different Preakness bets you can make. You will be able to find these at all the reputable racebooks which appear in our list of where to bet on the Preakness Stakes, along with top offshore betting sites. Let’s explain some of the most popular types of bets:

Win

You bet on a horse to win the race. If your chosen horse finishes first, you win.

Place

You bet on a horse to finish first or second. If your chosen horse finishes in either of these positions, you win.

Show

You bet on a horse to finish first, second, or third. If your chosen horse finishes in any of these positions, you win.

Exacta

You bet on two horses to finish first and second in exact order. For example, if you bet on Horse A to win and Horse B to place, then Horse A must finish first and Horse B must finish second for you to win.

Trifecta

You bet on three horses to finish first, second, and third in exact order. For example, if you bet on Horse A to win, Horse B to place, and Horse C to show, then Horse A must finish first, Horse B second, and Horse C third for you to win.

Superfecta

You bet on four horses to finish first, second, third, and fourth in exact order. This is the most challenging bet type but offers the highest potential payout.

Top 5 Preakness Stakes Odds

Let’s go over the top 5 general Preakness Stakes odds.

 

Horse	Odds
Muth	-160
Mystik Dan	+250
Imagination	+600
Catching Freedom	+600
Tuscan Gold	+800

Preakness Betting Guide: Tips, Tricks & Favorites

When you bet on the Preakness Stakes or any horse race for that matter, it involves a mix of strategy, knowledge, and a bit of luck. There’s no foolproof strategy for betting on horse racing, and even the most well-informed bets can lose. However, there are some Preakness betting strategy tips and tricks which can help you make informed betting decisions.

Tips & Tricks For Betting on Preakness Stakes

• Research the Horses: Take the time to research the horses competing in the Preakness Stakes. Look at their past performances, recent form, track record, and how they’ve performed in similar conditions. Pay attention to factors like distance preferences, jockey/trainer combinations, and any recent injuries or setbacks.
• Understand the Track Conditions: Track conditions can significantly impact a horse’s performance. Some horses excel on fast tracks, while others prefer softer surfaces. Check the weather forecast leading up to the race and consider how the track conditions might affect each horse’s chances.
• Watch Past Performances: Watch replays of the horses’ previous races to get a sense of their running style, speed, and ability to handle pressure. Look for patterns or trends that might indicate how they’ll perform in the Preakness Stakes.
• Consider Jockeys and Trainers: Experienced jockeys and successful trainers can make a difference in a horse’s performance. Look for jockey-trainer combinations that have a history of success in big races like the Preakness Stakes.
• Evaluate Post Positions: Post position can play a role in a horse’s chances of winning, especially in a crowded field. While it’s not the sole determinant of success, consider how each horse’s post position might affect its race strategy and chances of getting a good trip.
• Look for Value: Don’t just bet on the favorite. Look for horses with good odds that you believe have a legitimate chance of winning or finishing in the money. Finding value plays can lead to higher payouts if they perform well.
• Manage Your Bankroll: Set a budget for your Preakness Stakes betting and stick to it. Don’t bet more than you can afford to lose, and consider spreading your bets across multiple races or bet types to minimize risk.
• Consider Exotic Bets: In addition to traditional win, place, and show bets, consider exotic bets like exactas, trifectas, and superfectas. These bets offer higher payouts but are also more challenging to win. Mix and match your bets to increase your chances of cashing a ticket.
• Stay Informed: Keep up to date with the latest news, developments, and expert analysis leading up to the Preakness Stakes. Follow horse racing media, read articles, listen to podcasts, and engage with other bettors to gather insights and perspectives. BetUS and BUSR have the best resources to keep you up to date.

Favorites to Win the Preakness Stakes

To provide you with the best bet on the Preakness Stakes and ensure a pay day, here are the top 3 favorites to win the Preakness Stakes and why the experts are tipping them.

Mystik Dan

He narrowly clinched victory in the Kentucky Derby, but one can’t help but speculate how the results might have shifted without the flawless journey orchestrated by Brian Hernandez Jr. According to Equibase’s GPS data analysis, Mystik Dan covered a distance of 6,608 feet during the race, a remarkable seven feet shorter than any other contender, an impressive 23 feet less than the runner-up, Sierra Leone, and 39 feet less than Forever Young, who secured third place. Factoring in these figures, Mystik Dan emerges as the third-quickest competitor in the field, clocking in at 53.59 feet per second, just behind the fleet-footed Forever Young (53.87) and Sierra Leone (53.74). These stats back him to do very well at the Pimlico Race Course.

Muth

Muth is the Preakness Stakes hot favorite this year. He emerged victorious in the Arkansas Derby just last month. However, despite his remarkable performance, he was unable to secure the crucial 100 points needed to secure a spot in the Kentucky Derby field. This setback stemmed from Baffert’s suspension, leaving Muth to bide his time until the second leg of the Triple Crown.

The hype surrounding this colt is palpable, and for good reason. He clinched the top spot in the final futures wagering pool for the upcoming Preakness Stakes, and his credentials speak volumes. With three Grade I/Grade II stakes victories under his belt, Muth boasts an impressive resume, surpassing the combined tally of his competitors in the field by one.

Catching Freedom/Imagination

It really is a toss-up between Catching Freedom and Imagination for 3rd favorite:

On top of Catching Freedom, Jockey Prat’s impressive ride in the Kentucky Derby moved him from 15th place to a commendable fourth, narrowly trailing the winner by two lengths. His skillful navigation and prior victory in the Louisiana Derby at the same distance hint at his potential as a strong contender in the upcoming Preakness Stakes.

As for Imagination, the impressive runner-up in the Grade I Santa Anita Derby, is poised for his East Coast debut after a remarkable streak of four starts. Trained by Baffert, this colt broke his maiden in just his third career race at Santa Anita Park. His subsequent victory in the Grade II San Felipe Stakes further solidified his talent. Unfortunately, Baffert’s suspension at Churchill Downs prevented Imagination from competing in the Kentucky Derby. Now, with a fresh opportunity on a new coast, Imagination generates anticipation and excitement as he readies for the upcoming Preakness Stakes challenge.

Discover the Where to Place Bets on the Preakness Stakes Today

When looking for sites to bet on the Preakness Stakes, selecting the right racebook can greatly enhance your experience and potential for success. Among the dozens of options available, BetOnline is our number one choice. Whether you’re a seasoned bettor or new to the world of horse racing, BetOnline provides the ideal betting site to place your Preakness bets with confidence and excitement.

Frequently Asked Questions About How to Bet on the Preakness Stakes

What is the Best Site to Bet on the Preakness Stakes?

We believe that BetOnline is the best bookmaker to bet on the Preakness Stakes

Can I Bet on the Preakness Stakes at Offshore Sportsbook?

Yes, you can bet on the Preakness Stakes at offshore sportsbooks. These platforms often offer various betting options and competitive odds for horse racing events like the Preakness Stakes.

Do I have to Pay Tax on Winnings from Horse Racing Betting in the US?

Yes, in the US, winnings from horse racing betting are typically subject to taxes. The specific tax implications depend on factors such as the amount won and your overall tax situation. It’s advisable to consult a tax professional for guidance tailored to your circumstances.

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