The Preakness Stakes is one of the most famous horse races in America, but how does betting on it work? As a leg of the US Triple Crown of Thoroughbred Racing for three-year-olds on dirt, it has been run over its current distance of 1,900 meters (1.9km) from 1925. However, the event has been taking pace at Pimlico Race Course in Baltimore, Maryland since 1873.
As well as giving Preakness predictions, we will look into track conditions and whether race terms have much impact on the market. Learn which trial races influence the Preakness betting, plus who the trainers and jockeys to follow are. There are also Preakness betting tips for this year’s race, so you know where the value in the market truly lies.
Preakness betting tips: What is Pimlico Race Course like
Before you even think about Preakness wagering, you need to know what the track is like. Pimlico is a left-handed course, so the horses run counter-clockwise. The dirt track is in an oval shape and a mile in length, so horses pass the winning post twice. Preakness track conditions can vary from fast to wet and even sloppy if there has been rain, so checking what the weather is like before placing your bets is advised.
Best betting sites to bet the Preakness Stakes
Almost all the bookmakers with horse racing will offer odds on the Preakness, since it is one of the biggest races in the world. Underneath you can find a small list with the top bookies to engage in Preakness betting. We picked them by evaluating payouts, variety of markets and how early ante post options are available.
How do race terms affect the Preakness betting
While most horses in the online betting for the Preakness are colts and geldings and thus carry the same weight, if any fillies are entered, then they receive a sex allowance. This is about 2kg in weight (4-5lbs). However, only one filly since 1924 has managed to win; so it is more likely a male horse who is going to win the Preakness.
Which trial races can help with Preakness Stakes predictions
The Preakness betting is shaped most of all by the Kentucky Derby. This is because it follows on as the next leg of the Triple Crown. Nine winners of the Preakness in the last ten years ran in the Kentucky Derby beforehand, and four horses since 2012 did the double. Also, in the same period, four winners of the Santa Anita Derby have gone on to Preakness glory. Below is a full list of trials you should consider before doing your Preakness wagering:
1. Risen Star Stakes (Fair Grounds, New Orleans, Louisiana, February)
2. San Felipe Stakes (Santa Anita Park, Arcadia, California, March)
3. Rebel Stakes (Oaklawn Park, Hot Springs, Arkansas, March)
4. Louisiana Derby (Fair Grounds, New Orleans, Louisiana, March)
5. Florida Derby (Gulfstream Park, Hallandale Beach, Florida, March)
6. Wood Memorial Stakes (Aqueduct, Ozone Park, Queens, New York, April)
7. Blue Grass Stakes (Keeneland, Lexington, Kentucky, April)
8. Santa Anita Derby (Santa Anita Park, Arcadia, California, April)
9. Arkansas Derby (Oaklawn Park, Hot Springs, Arkansas, April)
10. Kentucky Derby (Churchill Downs, Louisville, Kentucky, May)
Which trainers should I follow in the Preakness Stakes betting
Since the late nineteenth century, Bob Baffert is the most successful trainer in Preakness history with a joint-record of seven wins. Three of those have come since 2010, making him the handler to follow in the Preakness betting. No other trainer has won the race more than once since 2009, when Steve Asmussen saddled his second winner in three seasons. Consider that before you place a bet on the Preakness as the best horses seem to come from the same stable.
A few active riders have won the race more than once. Kent Desormeaux has partnered three horses to Preakness success, the most recent of which was Exaggerator in 2016. In the two years before that, Victor Espinoza won back-to-back renewals aboard California Chrome and American Pharoah to add to his first winning ride in 2002. Javier Castellano and Mike Smith have both had two winners. Watch out for those jockey bookings in the Preakness betting, then.
What stats can help me make the right Preakness predictions
There are already some key stats and trends to note above when you start Preakness wagering on this race. To recap, nine of the last ten winners contested the Kentucky Derby with four emerging victorious from both races.
⏩ Only one filly has come out on top in the Preakness Stakes since 1924.
⏩ Three of the last six favourites won the race, but seven of the previous ten were beaten.
⏩ Starting gates 1-5 produced the winner in five of the last six years.
How do Preakness betting favourites perform? It depends on how big your statistical sample is. A low draw also seems to be advantageous. Only three of the last nine winners came out of a gate number higher than five. Two of the last three Preakness victors were also unraced juveniles, so it could pay to look for a lightly-raced and progressive horse in the market.
Preakness betting tips 2022: Who should I back
We have already given some general Preakness betting tips that give you an indicator of key race trends, but now it is time for some specifics. This year’s running is somewhat unique in that it takes place in the fall as the last leg of the Triple Crown, rather than the middle - but it still follows on from the Kentucky Derby. Here are our expert Preakness predictions for the 2022 renewal on October 3:
Authentic to Win
There was no fluke about Authentic’s defeat of the mighty Tiz The Law in the Kentucky Derby. The Belmont Stakes scorer had every chance in their duel on the lead in the home stretch and wouldn’t go past down the outside. Given trainer Bob Baffert’s fabulous record in the race, Authentic appeals most in our Preakness predictions to follow-up and confirm Churchill Downs form at Pimlico.
Mr Big News has each-way claims
It doesn’t make sense that Kentucky Derby third Mr Big News is a bigger price than some of the horses he finished in front of, when chasing home Authentic and Tiz The Law. He is trading at three times the odds of Honor A. P., and has almost two lengths in hand on that one on their Triple Crown meeting. Mr Big News thus appeals each way at a double-figure price in the Preakness betting.
Betting ante post, or the futures market as it is called in America, is often advised. This is because the Preakness early betting odds are usually better than if you wait until the day of the race. A bigger price means a greater potential profit. With Preakness predictions already out there, online bookmakers will start shortening the odds - especially after the Kentucky Derby. If you want to get value, then you need to begin your Preakness wagering nice and early.
Is there value in the Preakness betting
There is value to be had, but you need to get your bets on as early as possible. The ante post Preakness betting, that is so strongly influenced by the Kentucky Derby result, can quickly change if there is a decisive winner at Churchill Downs. It can pay to look beyond the winner of that when doing your Preakness wagering, but the Kentucky Derby is absolutely the race to concentrate on.
By following our Preakness betting tips, you should be able to identify the right horses to back. A low draw helps, but race terms don’t have that much impact with few fillies entering the race, and even fewer succeeding throughout its storied history. The Preakness predictions we gave are a starting point, as they came from our experts who studied the corresponding data closely.
Yes, absolutely, but the race is not taking place in its traditional slot this year. The 2022 Preakness Stakes isn’t happening in May, but rather early October.
The Preakness Stakes is held at Pimlico Race Course outside the city of Baltimore, in the state of Maryland, USA, each and every year.
No horse has won the US Triple Crown of Thoroughbred Racing in 2022. This is because there were different winners of the Belmont Stakes and Kentucky Derby in Tiz The Law and Authentic respectively.
So far in its illustrious history, 13 horses have won the US Triple Crown of Thoroughbred Racing. The most recent winner is Justify in 2018. He is only the second since 1978 to do so after American Pharoah won all three races back in 2015.
The field size of the Preakness Stakes is currently limited to a maximum of 14 horses. That is fewer runners than are allowed to compete in the Kentucky Derby, another leg of the US Triple Crown of Thoroughbred Racing.
The Preakness Stakes is named after a horse called Preakness who won the Dinner Party Stakes in 1870; the year in which Pimlico Race Course opened. A legendary thoroughbred colt in the US throughout the first half of the 1870s, Preakness also won the Manhattan Handicap in 1873.
In 2019, total Preakness wagering came close to $100,000,000. That continued a rising trend in betting turnover, as more and more people decided to place wagers on the Preakness Stakes.
Most online bookmakers will offer Preakness betting markets, especially after the Kentucky Derby has been run at Churchill Downs. This is due to the fact that the races are close together in the calendar, and the result of one strongly influences the betting on the other.
NBC Sports in America will show the race. In the UK, coverage can be found through Sky Sports Racing. As mentioned, the Preakness dates for broadcast are different in 2022, with it happening on Saturday, 3 October.
Secretariat holds the track record for the fastest Preakness time over its distance since 1925 of 1.9km. He completed the race in 1 minute and 53 seconds in 1973, en route to the US Triple Crown of Thoroughbred Racing.
Yes, five fillies have won the Preakness Stakes in its long history: Flocarline (1903), Whimsical (1906), Rhine Maiden (1915), Nellie Morse (1924), and Rachel Alexandra (2009). Only two have won the race since World War 1.