What

What To Bet On Preakness Betting

  • On track betting is betting that occurs in person at the track on a race run at the same track. On tracking betting for the Preakness would mean that you’d have to be in attendance on race day and place a bet at a ticket window or betting kiosk. In 2020, you couldn’t place an on-track bet on the Preakness since it was run without fans.
  • Bet the 2020 Preakness Stakes online at TVG. Preakness stakes betting guide, strategy & picks. Learn how to bet Preakness Stakes on Saturday, October 3.

Although the first jewel of the crown gets the most attention and fame, it is legal Preakness Stakes betting that really sets the tone for the remainder of the Triple Crown. Being the second crown jewel of the Triple Crown, this is when people realize whether or not a single horse will achieve the accomplishment of winning the title. People come to the Preakness Stakes hoping the winner of the Kentucky Derby wins the race and builds up excitement for a potential Triple Crown achievement.

Kentucky Derby winner Authentic firmed as the favorite in the final hour before Saturday's Preakness Stakes with Art Collector shortening as the second choice of bettors. BET the Preakness & Get a $200 Bonus from NYRABets! Horse Racing Nation will continue to update the Preakness odds as they change throughout the day.

If that has gotten you excited, you might be wondering on how you can get into the Preakness Stakes betting. We are here to help you. We are going to give you all the information you will need to bet on the Preakness Stakes legally. There will be information on how you can bet, what kind of wager types you can bet on, and there will be a list of some of the past Preakness Stakes winners. If you are wanting to bet on the horse who won the Kentucky Derby or you are wanting to bet on an underdog instead, then the Preakness Stakes will be a huge race for you either way.

How to bet on preakness

Bet On The Preakness

Date: Saturday, May 15

Location: Pimlico Race Course in Baltimore, Maryland

Post Time: TBA

Distance: 13/16 of a mile

Bet on preakness stakes

Purse: $1 million

Favorite: TBA

Can I Legally Bet On The Preakness?

Horse races are one of the more widely accepted forms of gambling in the United States. It is so widely accepted that you are allowed to bet on horse races across state lines online and at OTB’s that offer simulcasts. There are very few states in the country that has banned horse bet racing. Even in those states, you can bet legally on the Preakness Stakes. That is thanks to online offshore racebooks. Racebooks like Bovada, BetOnline, and MyBookie all have a dedicated racebook not only to bring you odds on the Preakness, but on the rest of the Triple Crown as well. These websites are completely legal as they are based outside of the United States. They operate legally in their respective countries, and you are allowed to place your bets on these sites. If you are wanting to bet on the Preakness, definitely check out the online offshore racebooks.

How To Bet On The Preakness

Betting on the Preakness Stakes is no different than taking action on any major racing event. Online sportsbooks with horse racing will have betting lines for the big event and you can simply wager from there. You will be able to bet on straight bets like win, place, and show, as well as take action on exotic wagers like exacta, trifecta, and pick 3. The Preakness Stakes is a major draw in the horse race betting world as over $1 million in betting handle is garnered every year for this Triple Crown event. You do not want to miss out on all the potential winnings when betting on the Preakness Stakes.​