The Preakness Stakes is the second jewel of Thoroughbred horse racing’s most coveted prize – the Triple Crown. The race is held just a short two weeks after the Kentucky Derby and is a true test of a horse’s durability and fitness. The Preakness Stakes is the anchor of historic Pimlico Racecourse in Baltimore, Maryland which is known affectionately as “Old Hilltop”.

Preakness Betting Online

To cash a winning bet on the Preakness Stakes, a horseplayer just needs two things – the right horse and the right online racebook. There are many options when wagering on a race as big as the Preakness Stakes and there are some key factors to consider.

The first is to evaluate which online racebook offers the most value for you – many offer strong bonuses, incentives and rebates which can help you get more bang for your buck. Another added perk is that some racebooks offer fixed odds markets and future wagers on big races like the Preakness Stakes which can be enticing to a sharp handicapper.

The biggest values with an online racebook are the generous bonuses, rebates and incentives that you cannot find anywhere else. Along with the convenience of being able to place a wager while you are on the go through a mobile device, computer or the phone, an online racebook can offer more incentives than a brick and mortar facility. Bovada is a relative new player and has become the go-to source for horseplayers who want to make the most out of their online wagering experience. They are known for their generous rebates and incentives, world class customer service and for offering one of the most secure and user-friendly platforms in the industry.

With Bovada, you can wager on Thoroughbred and harness racing from over 80 tracks including the Preakness Stakes from Pimlico Racecourse. One of the most appealing things about Bovada is that they are able to offer future odds which are available weekly on Tuesdays around 2:00 p.m. EST on major races like the Preakness Stakes and they also offer a fixed odds market which is posted usually two days prior to the race around 3:30 p.m. Once the track pools open, the action continues with track odds in the Racebook. A future wager is a great way to get some real value on a rising star in horse racing.

How To Bet On The Preakness Stakes

The Preakness Stakes offers a unique handicapping challenge separate from the Kentucky Derby. The Preakness Stakes is run two weeks after the Run for the Roses and many modern Thoroughbreds at the elite level are not accustomed to that sort of quick turnaround between races. While the race attracts some familiar faces from the Kentucky Derby, it can also attract some new shooters. Here are some factors to consider when handicapping the Preakness Stakes and making your wagers.

Consider the Kentucky Derby winner

Since the Triple Crown was inaugurated, there have been 35 horses who have won both the Kentucky Derby and the Preakness Stakes and of those horses, twelve have gone on to sweep the Triple Crown. While the two week turnaround can be physically grueling, some horses are able to coast into the Preakness Stakes off of the conditioning that launched them to a good effort in the Run for the Roses. Conversely, if a horse was simply not right for the Kentucky Derby, a trainer does not have much time to tighten the screws and fix any training error in two weeks.

The Kentucky Derby winner is always the one to beat in the Preakness Stakes and he or she should be considered in your wagers.

Look for Trips

The oversized field in the Kentucky Derby can be the undoing of many nice horses. It is worth your time to go back and watch an replay of the Kentucky Derby a couple of times and try to identify a couple of horses who may have fallen victim to traffic and poor racing luck. The field for the Preakness Stakes is often almost half the size of the Kentucky Derby and a horse who just needed a clear trip and some luck could rebound in a big way in Maryland.

Take Advantage of Exotics

The Preakness Stakes can be a great race to find some value for exotic wagers such as exactas, trifectas and superfecta wagers in which you select the top two, three or four finishers. While the Kentucky Derby winner, should he move on to the Preakness Stakes, will likely be the favorite, there could be some longshot new contenders who could fill out the exotic wagers at generous prices.

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