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BALTIMORE, MARYLAND - MAY 20: Jockey John Velazquez #1 riding National Treasure (R) rides alongside jockey Irad Ortiz Jr. #7 riding Blazing Sevens (L) to cross the finish line first to win the 148th Running of the Preakness Stakes at Pimlico Race Course on May 20, 2023 in Baltimore, Maryland. Patrick Smith/Getty Images/AFP

The second leg of U.S. thoroughbred horse racing's Triple Crown often boasts a smaller field than the first – but handicapping the 2024 Preakness Stakes presents a major challenge for even the most experienced bettor. Read on for our look at the Preakness Stakes.

The Kentucky Derby is one of the top spectacles on the spring sports calendar – and horse racing betting sites can only hope that momentum carries into the Preakness Stakes.

The annual 1 3/16-mile test pits the Derby winner against a field of worthy opponents looking to end the Triple Crown quest for another year. And while you aren't likely to see as many horses competing the second time around, the Preakness Stakes still carries plenty of prestige.

To help you make your Preakness Stakes picks, we look at the best Preakness Stakes odds among the top contenders via our list of the best horse racing betting sites.

Preakness Stakes odds 2024

While we await the first set of odds for the 2024 Preakness Stakes, here's a look back at the 2023 Preakness Stakes odds:

MageGustavo Delgado-137 (8-11)
National TreasureBob Baffert+400 (4-1)
Blazing SevensChad Brown+700 (7-1)
Red Route OneSteve Asmussen+2000 (20-1)
PerformClaude R. McGaughey III+2000 (20-1)
CoffeewithchrisJohn E. Salzman, Jr.+5000 (50-1)
Chase the ChaosEd Moger Jr.+8000 (80-1)
First MissionBrad CoxSCRATCHED

Preakness Stakes odds analysis

FanDuel is leading the way when it comes to Preakness Stakes odds among the major U.S. sports betting sites, so we'll be using their odds in this space.

Preakness Stakes odds movement

You aren't likely to see the 2024 Preakness odds shift much after the post position draw is completed – unless, of course, we see scratches. Fortunately for race organizers, only one horse (First Edition) withdrew from last year's race.

Recent Preakness Stakes winners

YearHorsePost PositionOdds
2023National Treasure14-1
2022Early Voting55-1
2020Swiss Skydiver411-1
2019War of Will14-1
2017Cloud Computing212-1
2015American Pharoah14-5
2014California Chrome33-5

Preakness Stakes 2024 info

  • Date: Saturday, May 18, 2024
  • Location: Pimlico Race Course, Baltimore, MD
  • Race Distance: 1 3/16 miles
  • Purse: TBD
  • TV: NBC

Horse racing betting odds pages

Preakness Stakes 2024 FAQs

Where can I bet on the Preakness Stakes 2024?

According to TwinSpires, Americans can legally wager on horse racing in the following states:  

When is the 2024 Preakness Stakes held?

The 2024 edition of the Preakness Stakes will be held Saturday, May 18, with the race starting at approximately 6:50 p.m. ET.

Where is the 2024 Preakness Stakes held?

The Preakness Stakes is held annually at Pimlico Race Couse in Baltimore, MD.

Who won the 2023 Preakness Stakes?

National Treasure won the 2023 Preakness Stakes at 4-1 odds.

How are Preakness Stakes 2024 odds displayed?

You'll often see horse racing betting sites post odds presented as fractional; for example, an entry might be listed as a 3/1 favorite, or a 50/1 underdog. For those looking to convert fractional horse racing odds to American or decimal odds, you can use our free and handy odds converter!

Here are our best horse racing betting sites:

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