The odds to win the 2020 Preakness Stakes are now available. Be aware that the Preakness Stakes odds are subject to change, and we will update this page accordingly. The odds were last updated on June 23, 2020:
145th running of the Preakness was scheduled for May 16, 2020, at historic Pimlico Race Course in Baltimore, Maryland, USA. The run for the Woodlawn Vase has attracted a large field of 13 hopeful runners. The pandemic postponed the date of the race and we must wait for a new date to be announced.
Pony bettors can take a shot at Triple Crown horse racing action in the futures market below. It's a prime opportunity to buy rich prices as Bodog and other top racebooks list them until the field leaves the gate.
Horse racing has been around for a long, long time. And because of this, it's built one of the most complex and longest-standing betting markets there is. It's evolved and developed to the point it can be confusing for new punters. What are the types of Preakness Stakes odds?
But first, all bettors should be aware that there are three main types of betting odds displayed at online racebooks. These are American odds (-400), Fractional odds (1/4), and Decimal odds (1.25), which can all hold the same value but look quite different. So, be aware of which odds you’re working with!
Much like you'll find on any sports wager or racebook you come across, simple win/loss bets on favourite, underdogs or just the punters choice - you'll find this to be the most common wager in horse racing betting.
Preakness Stakes Exacta, Trifecta and Superfecta Wagering Odds
These may seem strange names for odds if you’re coming from a sportsbook, but these are commonplace wagers and very popular among racebook players. The bet relates to the order in which the horses place; the top two (exacta), three (trifecta) or four (superfecta).
Live odds are for those that want to wager on the day of the race, often those that attend the track - though it's not mandatory! The pool of stakes is counted and the "live odds" are based on the accumulated sum of all the stakes.
The double, the Pick 3, Pick 4, Pick 5, and Pick 6 all involve picking the winners of consecutive races. Using multiple combinations is the strategic way to place these kinds of bets.
Preakness Stakes 2019 Recap
Void of the drama that played out during and after the 2019 Kentucky Derby, apart from Bodexpress tossing rider John Velazquez when the gates opened, the 2019 Preakness Stakes went off clean. Congratulations to War of Will and rookie jockey Tyler Gaffalione who won his first-ever Triple Crown race. Longshot Everfast was second while mid-favourite Owendale ran third.
Payouts for the 145th Preakness Stakes:
Improbable (fourth in the Kentucky Derby) leads the list for trainer Bob Baffert at +250 (wager $1.00 to win $2.50), which appears to be a very short price despite the colt's talent and Baffert's penchant for winning this race - something he's done 7 times to date. With the tight turns at Pimlico Race track and Derby participants returning on just two weeks rest, the familiar Preakness variables confront some of the better-known horses on the list above.