2023 Preakness Stakes Betting Guide – Best Sites, Markets & Tips

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Reviews of the Best Preakness Stakes Betting Sites

As you can see above, we’ve ranked 10 sites above all others for betting on Preakness Stakes. This is already a major achievement, since there are so many off-shore brands competing within this lucrative market. Even amongst this elite group though, five bookies truly stand out, and we’ve explained why below.

1. BetUS – No.1 Preakness Stakes Betting Site

The overall quality of off-shore racebooks serving the US market has never been higher. With that said, we were still comfortable in ranking BetUS as our very best bookie for betting on Preakness Stakes.

Racing has always been a major priority on BetUS, with the Racebook section split off from the rest of the site. Preakness Stakes betting odds are front and center right now, with BetUS’s prices at least as good as, if not better than most of its competitors.

While these favorable odds can already deliver you some competitive winnings, your profits can be boosted further here while betting on the Preakness Stakes thanks to a range of ongoing promotions. At the time of writing, these include multiple welcome offers, a ‘refer a friend’ deal, a money back offer, and more.

Choice of Preakness Stakes Bets

BetUS offers an outstanding amount of flexibility when it comes to betting on Preakness Stakes. 10 different futures are available at the time of writing, covering everything fro a simple race winner wager, to props for the winning time, distance, and more.

Bonuses & Promos

As noted, this is another area in which BetUS truly excels. Both regular and crypto payments are rewarded with a deposit match, for new and existing customers, and you can get a $10 refund on eligible losing wagers.

2. Bovada – Best Interface for Beginners

Given the sky-high quality of our top pick, BetUS, there’s certainly no shame in coming second in Bovada coming second here. It remains an outstanding site for betting on Preakness Stakes, and deserves your full consideration.

Like BetUS, Bovada has made horse racing a massive priority, with an entire ‘Horses’ section of the site available to access via the top menu. You’ll find Preakness Stakes odds there, with the ante-post prices being posted nice and early, and a solid selection of bet types following up closer to the off.

Elsewhere, Bovada qualifies as one of the most user-friendly betting sites out there. The interface is clean, modern, and faultlessly easy to navigate from the first time you log on.

Choice of Preakness Stakes Bets

For ante-post betting on Preakness Stakes, you’re limited squarely to Race Winner picks, as you’d expect. More options will subsequently be offered though, including both Place and Show wagers.

Bonuses & Promos

Bovada provides separate new customer Deposit Match deals, depending on whether you pay using bitcoin or US dollars. Existing customers can also earn rewards points, and get further bonuses by referring friends to the site.

3. GTBets – Excellent Range of Horse Racing Markets

GTBets doesn’t make the most attractive first impression, but don’t let this put you off. This remains, comfortably, one of the very best sites for betting on Preakness Stakes.

Arguably GTBets’ most impressive plus point is its range of betting markets. These include not only ante-post and Win, Place, and Show bets, as you’ll typically find elsewhere. There’s also a heavy emphasis on multiples betting here, including exotic multiples, which – if you get them right – can deliver enormous rewards. GTBets also shows an admirable commitment to customer service, with friendly and responsive live chat, and provides several excellent special offers for bettors.

Choice of Preakness Stakes Bets

As touched upon, this is GTBets’ strongest suit. You’re given a clear choice here between either sticking to regular, safer wagers for your Preakness Stakes betting, or experimenting with high risk, high reward multiples.

Bonuses & Promos

Long after you’ve used up your sign up bonus here, you can still continually claim rewards. These include reload bonuses, a refer a friend deal, and – most importantly – a 10% rebate on your horse racing losses.

4. BUSR – Top Money Back Deals for Racing

BUSR is certainly one of the lesser-known brands we’ve recommended here, but it definitely belongs on our list of the top sites for Preakness Stakes betting. It’s streamlined, user-friendly, and has some of the very best racing bonuses around.

BUSR provides ample variety in your Preakness Stakes wagers, giving you plenty of choices for both singles and multiples. Both new and existing customers can find several ways to boost their winnings, and – if you do encounter any issues – you can get them resolved via either phone or live chat.

Choice of Preakness Stakes Bets

Singles bettors can choose between Win, Place, and Show markets here. Multiples fans, meanwhile, are given an excellent amount of choice, with exactas, trifectas, and several different parlays all being options.

Bonuses & Promos

BUSR provides new users with a lucrative Deposit Match deal, then follows this up with a constant stream of ongoing promotions. For Preakness Stakes bettors, these include a $250 Horses Bonus, and a 8% rebate on your racing losses.

5. Everygame – Best for Pools Betting

If you want to try something completely different with your Preakness Stakes betting this year, Everygame has you covered. Pools betting has long been associated with horse racing, but Everygame is one of the few off-shore bookies to provide it for Preakness Stakes.

If you take this option, then your stake will be pooled together with all the other punters wagering on your chosen horse. If this big bet wins, you’ll get a proportional share of the profits. And, if you have any questions at all about how the whole thing works, Everygame’s customer service team is incredibly easy to reach via the live chat tool.

Choice of Preakness Stakes Bets

While the pool betting markets are what makes Everygame stand out, you can place regular wagers too. These use fixed odds, as on most sportsbooks, and you can pick runners to either Win or Place.

Bonuses & Promos

While Everygame doesn’t have any horse racing-specific deals, there are plenty of other promos that can be used for betting on Preakness Stakes. These include parlay free bets, a ‘Parlay Prince’ competition, and a refer a friend deal.

How to Sign up to a Preakness Stakes Betting Site

Modern-day betting sites tend to be extremely easy to use, regardless of your prior experience level. We’re pleased to say this is the case with all of our recommended brands too, with these being the few steps you must take to begin your Preakness Stakes betting journey.

1 – Pick a Brand

All of our 10 recommended Preakness Stakes betting sites will provide you with an excellent, well-rounded experience. For the purposes of this guide, we’ll assume you’ve gone with our number one recommended brand, BetUS.

2 – Create an Account

Get the ball rolling by clicking the ‘Join’ button, usually located towards the top-right of the home page. After that, proceed to provide all of the necessary personal information, such as your name and date of birth, then set a password. After that, just hit the ‘Open My Account’ button to finish off the process.

3 – Pick a Bonus

Many off-shore brands will actually provide not just one sign up bonus, but a choice of welcome offers for their new customers. These might take different forms, or require you to use different payment methods (e.g. USD or BTC). BetUS, for example, literally has seven different options here. Whatever the specifics, be sure to research the T&Cs involved, before picking the deal which best suits your needs.

4 – Enter a Promo Code

Some Preakness Stakes betting sites will require you to enter a promo code when signing up. This could be to trigger a specific deal – as in the case of BetUS – or to become eligible for the welcome offer to start with. Either way, the code will usually be entered in the appropriate field when completing the sign up process.

5 – Make a Deposit

Before you can place any wagers, you naturally need some money in your account. Ensure you’re logged in, then access the cashier section via the top menu. Once you’re there, just pick the payment method you want to use, enter the deposit amount and provide any requisite details, then confirm the transaction.

6 – Place a Bet

With your account funded, it’s time for the fun to begin. Click on the ‘Racebook’ link towards the top, and find the Preakness Stakes area (under ‘Fixed Odds Racing’ on BetUS). For further information on what to do next, check out our comprehensive guide on how to bet on horse racing.

Popular Types of Preakness Stakes Betting Markets

Some Preakness Stakes betting sites will limit you to only a handful of bet types. Other brands on our list, however, will actually give you a nice amount of choice in the wagers you place. Below, we’ve provided a quick guide to the options you’re most likely to find.

Standard Wagers

These are the most common bet types, by far. They’re also the easiest to understand, and have the highest chances of winning. Accordingly, however, your profits on a successful wager will be lower.

Win Bet

This is the most common bet type for horse racing, and every Preakness Stakes betting site will provide it. You are, quite simply, predicting which runner will win the race. With quite a few horses in the race though, just because this bet type is easy to understand certainly doesn’t mean it’s easy to win.

Example: Secret Oath to win the Preakness Stakes @ +185

Place Bet

This is a safer alternative to the classic Win bet, and one which is often more favored by more experienced bettors. Rather than coming first, your chosen runner here simply needs to ‘Place’ within a certain range. For Preakness Stakes, this will usually mean finishing in the top three places. Since this wager is much easier to get right than a Win bet, its odds are unsurprisingly lower.

Example: First Mission to place

Show Bet

A Show bet works the same as a Place one. The only difference is one of terminology. Some bookies count a Place bet as covering the first two places, with a Show bet covering places 1-3. This can vary from brand to brand, but the number of places being offered should always be clearly displayed above the odds.

Example: Disarm to show

Double Bet

While the Preakness Stakes is undoubtedly the main event, other races do take place across the weekend at Pimlico. With a Double bet, you’re picking the winner not only of the Preakness Stakes, but also of another race. This is what’s known as a simple multiples wager, but – despite the nice name – it’s still tricky to win.

Example: Spitball (Race 1) and Simplification (Preakness Stakes) to win @ +4200

Exotic Wagers

Exotic bets – as the name suggests – are a little more creative than the standard wagers we’ve already looked at. They always take the form of ‘complex multiples’, in which a whole range of individual predictions must come good in order for the overall wager to win.

Exacta Bet

This is probably the most famous exotic wager, and is relatively beginner-friendly. With an Exacta, you are simply picking the top two horses in a race, rather than the overall winner. You must also, however, predict the correct order in which those runners finish. Also note that Exactas work on a pari mutuel basis (similarly to pool betting), meaning you won’t know your precise odds or potential return in advance.

Example: Mage and First Mission to finish 1st and 2nd

Quinella Bet

A Quinella is a more straightforward version of the Exacta. While it still involves picking the top two finishers when betting on the Preakness Stakes, in this case you don’t need to get them in the right order. If your two runners fill the top two spots, then you win your wager.

Example: Mage and First Mission to finish 1st and 2nd in any order

Trifecta Bet

The Trifecta works in an almost identical way to the Exacta. The only difference here is that you’re picking three horses, rather than two, but you must still get them in the right order to win your wager.

Example: Mage, First Mission, and Disarm to finish 1st, 2nd, and 3rd

Superfecta Bet

Again, this follows the same structure as an Exacta and Trifecta, but the numbers involved are higher. In this case, you’ll need to correctly predict the top four finishers, in order. Superfectas are obviously incredibly hard to win, but can deliver huge rewards for a minimal stake.

Example: Mage, First Mission, Disarm, and National Treasure to finish 1st, 2nd, 3rd, and 4th

Super Hi-Five Bet

As you can probably guess by now, this wager also involves picking finishers in the correct order, although you must get the entire top five here. This is the very definition of a high risk, high reward bet type.

Example: Mage, First Mission, Disarm, National Treasure, and Blazing Sevens to finish 1st, 2nd, 3rd, 4th, and 5th

Claim Preakness Stakes Betting Promo & Bonus Offers

Obviously, making smart picks in your Preakness Stakes betting should deliver you some healthy returns. Your profits can be significantly increased, however, if you also partake in some of the many special offers provided by our recommended Preakness Stakes betting sites.

Broadly-speaking, these can be divided into two types: welcome offers, and ongoing promotions. Below, you can check out the most popular examples of each type. As you do so, bear in mind that some of these deals will require promo codes to trigger.

2023 Preakness Stakes Betting Odds – The Favorites

As with every form of sports gambling, skilful betting on the Preakness Stakes is all about finding value. You must consider not only a runner’s chances to win, but also the odds you’re given in return for betting on that outcome.

To help you begin to make these calculations, here’s a quick look at how six of our recommended bookies have the field priced right now.

This should give you a great overview of how the favorites stack up at the time of writing, and which less-heralded runners might provide value. If you’d like more details on utilizing these prices, check out our comprehensive guide on Preakness Stakes odds.

Key Trials & Winners Ahead of the 2023 Preakness Stakes

While the Preakness Stakes is seen as one of the three most important races of the year – as part of the fabled Triple Crown – it does not exist in a vacuum. Rather, the horses which will compete in this year’s edition have already ran plenty of other races in recent months.

These other trials should not be ignored by the savvy Preakness Stakes punter. Instead, they should be studied, and used to help predict the outcomes of the race. Below, we’ve listed a whole series of relevant events, from the biggest races to more commonplace contests. We’ve also provided important details from each one, all to help inform your future picks on Preakness Stakes betting results.

Our Top 5 Preakness Stakes Betting Tips

As with all forms of sports gambling, Preakness Stakes online betting is part-art, part-science. While there’s never a guarantee you’ll turn a profit on the event, there are certainly steps you can take to boost your chances. Below, we’ve listed five of the most useful.

Tip 1 – Look at the Form

As noted above, this year’s Preakness Stakes isn’t taking place in a vacuum. Take the time to research the form of each runner, and see for yourself whether now is the time to back them or not. This information is widely-available for free online, and is extremely easy to find.

Tip 2 – Listen to the Experts

While conducting your own research is both a smart and fun thing to do, you don’t have to go it completely alone. There are plenty of Preakness Stakes betting picks out there, created by experts who are almost certainly better-informed than you are. Use this Preakness Stakes betting advice to either influence your own picks, or – if time is tight – simply copy wherever the experts are putting their money.

Tip 3 – Use Those Bonuses

Bonuses are there to provide value for punters, and you should use them whenever and wherever you can. Free bets can help to spare your account balance for the Preakness Stakes, while a good Money Back deal will reimburse some of your losses on the race.

Tip 4 – Mix Your Bet Types

Straightforward singles wagers should form the backbone of your picks. That said, you should still feel free to diversify your Preakness Stakes betting strategy by working in some potentially lucrative multiples, including exotic bets. Just be sure to temper your stakes on these riskier picks accordingly.

Tip 5 – Open Multiple Accounts

There’s no rule that says you can only have one account for your Preakness Stakes betting online. In fact, opening multiple accounts is preferable. This will not only let you claim other welcome bonuses, but also let you pick and choose the best odds on any runners you’re interested in.

Past Preakness Stakes Winners

They say that past performance is no guarantee of future results. That’s true, but researching the history of any major horse race can still help us make educated predictions for the latest edition. It’s no different when it comes to the Preakness Stakes, and – below – you can see who the last 10 winners were, and their relevant odds coming into the event.

Preakness Stakes Stats – The History

To call the Preakness Stakes a historical race would be an understatement, with the first edition being held all the way back in 1873. This actually makes it slightly older than the Kentucky Derby (first held in 1875), and only a little younger than the Belmont Stakes (1867). While its nickname as the ‘Middle Jewel of the Triple Crown’ has more to do with when it’s held, it also slots into this position in a historical context.

Some 150 years might have passed since the first edition, but – in some ways – not much has changed with the Preakness Stakes. It is still held in Maryland. It’s still a race for three-year-olds. It still draws some of the biggest crowds of any horse race in the USA.

If this is your first time getting interested in the Preakness Stakes, don’t worry. Despite this lengthy track record, we can still get you up to date with a few key stats:

• Total Race Purse = $1.5 million
• Winning Prize Money = $600,000
• Total Amount Wagered in 2021 = $112.5 million
• Race Distance = 1 3/16 miles
• Fastest Time = 1:53 (Secretariat, 1973)
• Biggest Win = 11 ½ lengths (Smarty Jones, 2004)
• Most Wins by a Trainer = 7 (Bob Baffert; R. Wyndham Walden)
• Most Wins by a Jockey = 6 (Eddie Arcaro)
• Most Wins by an Owner = 7 (Calumet Farm)
• Number of Fillies to Win = 6 (2020 most recent)

Best Preakness Stakes Betting App & Mobile Options

Online sportsbooks were quick to adapt to the mobile revolution. Nowadays, the vast majority of top bookies – including our recommended sites for Preakness Stakes betting – provide downloadable mobile apps. These can typically be downloaded on both iOS and Android devices, free of charge, and can be used on smartphones, smartwatches, and tablets.

A good mobile app will let you use all the same betting offers as the desktop version, and give you access to the same Preakness Stakes betting markets. The main benefit, naturally, is convenience, since you can place your Preakness Stakes wager wherever and whenever you please. While you might fear that navigation would be more difficult on a smaller screen, in reality the interfaces have usually been skilfully adapted for mobile devices.

As noted, the quality nowadays for Preakness Stakes betting apps is high across the board. That said, these three brands really do stand out above the competition:

• BetOnline – 50% Match Deposit Bonus Worth Up To $1,000

• MyBookie – 100% Deposit Match Welcome Bonus Of Up To $1,000

• Bovada – 100% Deposit Match Up To $1,000

Betting on the Preakness Stakes Near Me

We’ve obviously focused on online Preakness Stakes betting in this article. Specifically, we’ve recommended ‘off-shore’ brands which aren’t based in the USA, but accept American bettors.

If you’d prefer to bet in-person, that’s perfectly understandable. You may face logistical issues, however, depending on where you live. If you live somewhere like Arizona, Colorado, or Illinois, for example, you should be fine. If you live in Tennessee though, for example, you’ll be able to bet online but not in-person. Utah and Hawaii, meanwhile, continue to ban betting in-state, meaning the easiest solution would obviously be to wager with an off-shore betting site. State residents can visit horse racing betting sites here.

Best Preakness Stakes Betting Site

Preakness Stakes is fast approaching, and it’s time to get excited. That’s true not just for the race itself, but for the wagers you can place upon it. And, after reading this article, you should have a great idea about how to start your Preakness Stakes betting journey.

If you’re ready to start getting some bets down, we’d recommend checking out BetUS first of all. It’s an outstanding all-round sportsbook, that provides good odds, promotions, and betting markets. Each of our other nine Preakness Stakes betting options, however, can also provide you with a safe, modern, and enjoyable experience.

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