Preakness Stakes Betting Canada: 2025 Odds & Betting Sites

The Preakness Stakes is the thrilling second jewel of horse racing’s Triple Crown, drawing fans and bettors from across North America. Held annually at Pimlico Race Course in Baltimore, Maryland, the Preakness is where legends are made and Triple Crown dreams stay alive. We break down the current Preakness odds and betting sites, along with tips and best bets to help you win big at this year’s race!

Best Preakness Stakes Betting Sites

Major Canadian sportsbooks offer their Preakness odds closer to when the race approaches. With that in mind, here are the best Preakness Stakes betting sites available in Canada.

1. BetVictor

Preakness Stakes betting online shouldn’t be a hassle, especially when you use BetVictor! Known for offering the hottest prices on horses, BetVictor has had our back trackside since 1946—not only as a pioneer but an innovator in the sports betting industry. Sign up for BetVictor and be the first to lock in the sharpest Preakness Stakes odds 2025 is dishing out.

2. William Hill

If you’re looking to bet on the Preakness Stakes in Canada, William Hill is one of your best bets—at least, until the other bookmakers catch up with their odds. William Hill is a true industry leader in horse racing and consistently offers odds where other Preakness Stakes betting sites fall short. However, the website isn’t very intuitive for new bettors, but if you’re up for it, lock in the latest odds and sign up now. Note: William Hill is not available in Ontario at this time.

3. bet365

We’re optimistic that bet365 will roll out even more Preakness betting markets closer to the main event. Honestly, it’s worth the wait—bet365 pumps out superior odds, provides a streamlined sports betting experience, and is widely known as the world’s favourite sportsbook. Check out bet365 today!

4. 888sport

The best Preakness betting Canada has to offer in terms of prop bets comes from none other than 888sport. This sportsbook may be a little late to the game when it comes to publishing odds, but with a carriage-full more Preakness betting options than the other sportsbooks on our list (take a look under ‘bet-finder’), we can give this bookie a break. Note: 888sport is not available in Ontario at this time.

5. BET99

Unlike other Canadian Preakness Stakes betting sites, horse racing is less of a focus at BET99. In fact, horse racing markets usually go live closer to the Preakness Stakes (and other major events) at BET99— but we expect to see the same solid odds. Explore BET99 and everything it has to offer, from its sleek website design and grade-A customer service reps to unique props and competitive odds.

How to Bet on the Preakness Stakes

If you’re new to Preakness Stakes betting, have no fear, we’ll walk you through how to do it. Here’s how to bet on the Preakness Stakes from Canada in four simple steps:

1. Select a betting site. Scroll up for a list of betting sites, or for more in-depth rundowns, check out our horse racing betting sites guide. When selecting a bookie from our list, look for sportsbooks with competitive odds, live betting options, and special promotions around the Preakness.
2. Create your account. Sign up using one of our exclusive links. You’ll need to provide personal details, confirm your location, and verify your identity through a secure platform.
3. Deposit funds in your account. The money you move into your newly created betting account funds your wagers. Simply locate the cashier page (top right—easy), select a payment method, enter your deposit amount and payment details, and click to confirm.
4. Place your bet on the Preakness Stakes. Saddle up and pick your horse—will they win, place, or show? Once you find odds you like, click ’em, enter your wager amount, and confirm your bet slip.

Preakness Stakes Betting in Ontario

Preakness Stakes betting is legal in Ontario and throughout the rest of Canada. Pari-mutuel betting (where all bets are pooled and split among the winners) is completely legal across Canada, and the steps to bet on the Preakness Stakes are more or less the same in Ontario. Unfortunately, Ontario doesn’t have access to William Hill Sportsbook (one of our top horses in this race), unlike the rest of the country. For Preakness Stakes betting, Ontario bettors should trot on over to BetVictor—ready, set, WAGER! Just sign up using our link, fund your bankroll, browse the odds, and bet on the Preakness Stakes for your shot at a share of the prize pool.

Preakness Stakes 2025: Key Details

• Date: May 17, 2025
• Location: Pimlico Race Course, Baltimore, MD
• Distance: 1 3/16 miles (9.5 furlongs)
• Field: Top 3-year-old thoroughbreds, including Kentucky Derby contenders

Preakness Odds 2025 Explained

Preakness odds, set by bookmakers, reflect each horse’s chance of winning and are updated as bets for the race come in. Odds are typically displayed in:

• Fractional odds (e.g., 5/1)
• Decimal odds (e.g., 6.00)
• American odds (+500)

While American odds are most commonly used by sportsbooks, horse racing odds usually appear in fractional form. But you can always use our handy dandy odds calculator to easily convert one form to another! Universally, shorter odds (-) mean a horse is favoured, while longer odds (+) indicate an underdog. Odds are based on $100 bets and indicate how much you’ll profit if you win your wager. Obviously, the longer the odds, the bigger the payout. Here’s a real-life example of the longest shot to win the Preakness:

Odds: 23-1 – Master Derby (1975) paid out $48.80 for a $2 win ticket.

If in doubt, you can always check out our in-depth guide to horse racing odds here.

Preakness Stakes Best Bets

Here’s a breakdown of the kinds of bets you can make on this year’s Preakness Stakes.

🏇 Preakness Stakes Win Odds

Win odds are usually the main attraction when it comes to Preakness Stakes betting. Bettors tend to favour this straightforward shot by betting on which horse will win outright. While it’s a simple premise, picking a winner from a field of 20 elite thoroughbreds takes a sharp eye (and a crapload of luck)!

🏇 Preakness Stakes Place and Show Odds

If you’re reconsidering your pony’s chances at nabbing the crown, place odds give you a bit more wiggle room: to win your wager, your pick will need to place in first or second.

Show odds are even more forgiving, as your horse just needs to be in the top three. But as you go down the leadership board, so do your potential winnings.

🏇 Preakness Stakes Exacta, Trifecta, and Superfecta Wagering Odds

Don’t let these fancy names fool you—exacta, trifecta, and superfecta bets are staples at the stables. Cranking up the difficulty (and the payout, of course), these bets invite bettors to predict the exact finishing order of multiple horses.

• An exacta is predicting the exact finish of the top two horses.
• A trifecta is predicting the exact finishing order of the top three horses.
• A superfecta is predicting the exact finishing order of the top four horses.

🏇 Preakness Stakes Live Odds

Preakness live odds shift depending on how much money is rushing into the winnings pool. The more folks wager on a winner-to-be, the shorter its odds become, meaning if you ride the wave of public opinion, don’t be surprised if your payout gets trimmed along the way. Live betting is a thrilling way to join in the action, even if you aren’t watching trackside. Don’t forget to check out if your sportsbook has a live streaming platform so you don’t miss a single stride.

🏇 Preakness Stakes Multi-Race Exotics

Each of these bets involves picking the winners across multiple races—perfect for high-risk, high-reward bettors.

• If you pick the winners of two consecutive races, congratulations, you’ve just nailed the Daily Double.
• There’s also a Pick 3, Pick 4, Pick 5, and Pick 6 (you’ll figure it out; we believe in you).

Pro tip: Some Preakness Stakes betting sites let you increase your coverage by boxing multiple combinations, so just be prepared to pay for the extra protection.

Preakness Betting Tips Canada

Besides wishing for a miracle, there are a handful of things you can do to get a leg up on the competition when betting on the Preakness Stakes in Canada. Here are our top tips:

💡 Research Horses

This may seem obvious, but it’s the most important. When it comes to Preakness Stakes predictions, it’s essential to review each horse’s past performances, evaluate the jockey’s skills and chemistry with their horse, and not overlook a trainer’s track record. Watch for horses that ran well in the Kentucky Derby and consider horses with strong records at similar distances. And don’t forget about injuries. The more you know, the better your chances of placing a bet that actually goes the distance.

💡 Compare Odds

Compare odds at different sportsbooks to increase your chances of winning the best payouts. Comparing odds across multiple betting sites helps you find the best value for your picks. Pro tip: you can sign up with more than one sportsbook!

💡 Understand Track Conditions

Of course, all our research could be all for naught should the winds change (literally!). Weather is a significant factor in how horses perform on race day. Too much sun or humidity can quickly overheat these thousand-pound steeds—not to mention how rain and other weather can affect the physical conditions of the track.

💡 Manage Your Bankroll

Set a budget, review responsible gaming resources, and actively aim to create healthy gambling habits. Most Preakness betting sites offer built-in tools, like daily, weekly, and monthly spending limits, plus self-exclusion options if you ever need a breather. Additionally, you can create a personal betting budget and use prepaid Visa cards to help you stick to your limits.

For more, check out our in-depth guide to how to bet on horse racing here.

Current Preakness Odds 2025

The Preakness odds below will be updated following the post position draw on May 12, 2025.

Preakness Stakes Odds 2025	Odds to Win Preakness Stakes
Journalism	+200 (2-1)
Rodriguez	+500 (5-1)
Cornucopian	+700 (7-1)
Clever Again	+1000 (10-1)
Baeza	+1000 (10-1)
Sandman	+1500 (15-1)

Preakness Stakes Predictions: 2025 Favourites

Update: Sovereignty, the 2025 Kentucky Derby winner, will not be racing in the Preakness Stakes. There will be no Triple Crown winner in 2025.

Each year, the Preakness features standout horses, often including the Kentucky Derby winner, alongside fresh challengers. Favourites tend to attract the most betting action, but upsets are always possible. Here are the current betting favourites for the 2025 Preakness Stakes:

Current Favourite: Journalism

Journalism is part of the headline act in the 2025 Preakness Stakes, coming off a gutsy runner-up finish as the Kentucky Derby favorite. This bay colt has been a model of consistency, winning four straight, including the Santa Anita Derby and San Felipe Stakes. With a midpack running style and the ability to unleash a powerful stretch kick, Journalism is bred for classic distances.

Trained by Michael McCarthy, who guided Rombauer to Preakness glory in 2021, and piloted by veteran Umberto Rispoli, Journalism has shown he can handle adversity. He overcame traffic to win the Santa Anita Derby and closed from 11th on a sloppy track to nearly catch Sovereignty in the Derby. The big question: can he maintain his peak form and finally deliver a Triple Crown win for his connections?

• Owner: Bridlewood Farm, Don Alberto Stable, Eclipse Thoroughbred Partners, Elayne Stables 5 LLC, LaPenta, Robert V., Magnier-Lessee, Mrs. John, Smith-Lessee, Derrick, and Tabor-Lessee, Michael B.
• Trainer: Michael W. McCarthy
• Jockey: Umberto Rispoli
• Earnings to date: $1,000,000

Runner-up: Rodriguez

Ready for a comeback story? Rodriguez is the buzzworthy dark bay colt who missed the Kentucky Derby due to a foot bruise but now heads to the Preakness Stakes as a top contender. He turned heads with a wire-to-wire victory in the Wood Memorial, proving he’s got both speed and stamina to spare. With a front-running style and a knack for holding off challengers, Rodriguez is primed to make a statement at Pimlico.

Bred for big moments, Rodriguez comes from Authentic, the 2020 Kentucky Derby winner, and out of Cayala, a Cherokee Run mare who’s produced multiple stakes performers. This colt’s pedigree is a blend of classic stamina and tactical speed, making him a natural fit for the Triple Crown trail.

Trainer Bob Baffert, a Hall of Famer with a record of Triple Crown glory, has managed Rodriguez’s rise with trademark precision. In the saddle is legendary jockey Mike Smith, whose calm hands and big-race experience are the perfect match for this high-energy runner. With two wins, two seconds, and a third in five career starts, Rodriguez has already banked over half a million dollars and is ready for his next headline performance.

• Owner: SF Racing LLC, Starlight Racing, Madaket Stables LLC, Stonestreet Stables LLC, Bashor, Dianne, Determined Stables, Masterson, Robert E., Ryan, Tom J., Waves Edge Capital LLC, Donovan, Catherine
• Trainer: Bob Baffert
• Jockey: Mike Smith
• Earnings to date: $522,800

In the Mix: Sandman

Sandman enters the 2025 Preakness Stakes as a proven Grade 1 winner, having captured the Arkansas Derby with a strong late rally that showcased his stamina and determination. This gray colt by Tapit, out of Distorted Music, blends classic distance pedigree with tactical speed, making him a formidable presence in any field. Sandman’s race record highlights his consistency at the top level, with wins at Saratoga and Oaklawn, and placings in both the Southwest and Rebel Stakes.

Trained by Mark Casse, a Hall of Famer known for conditioning classic-distance runners, Sandman is looking to rebound after a challenging Kentucky Derby, where he struggled with the wet track and closed from far back to finish seventh. With a pedigree loaded for endurance, Tapit has sired multiple Belmont winners, Sandman is bred to thrive in Triple Crown races and has already proven his ability to compete against elite company. The question for his connections: can Sandman’s late kick and stamina translate to a Preakness victory against this year’s deep field?

• Owner: D. J. Stable, St. Elias Stable, West Point Thoroughbreds, CJ Stables
• Trainer: Mark Casse
• Jockey: TBD
• Earnings to date: $1,090,000

Last 10 Preakness Stakes Champions

Year	Horse	Jockey
2024	Seize The Grey	Jaime Torres
2023	National Treasure	John Velazquez
2022	Early Voting	Jose Ortiz
2021	Rombauer	Flavien Prat
2020	Swiss Skydiver	Robby Albarado
2019	War of Will	Tyler Gaffalione
2018	Justify	Mike Smith
2017	Cloud Computing	Javier Castellano
2016	Exaggerator	Kent Desormeaux
2015	American Pharoah	Victor Espinoza

Preakness Stakes Statistical Records

The Preakness Stakes has been the heart of Baltimore’s racing scene since 1873, serving as the second leg of the Triple Crown and a proving ground for 3-year-old thoroughbreds. Held each May at Pimlico Race Course, “The Run for the Black-Eyed Susans” covers 1 3/16 miles on dirt, with colts and geldings carrying 126 pounds and fillies 121. Over nearly 150 editions, the Preakness has produced unforgettable champions, record-breaking performances, and legendary rivalries.

Speed record:

1 3/16 miles: 1:53 – Secretariat (1973)

Margin of Victory:

11 1/2 lengths – Smarty Jones (2004)

Most wins by a jockey:

6 – Eddie Arcaro (1941, 1948, 1950, 1951, 1955, 1957)

Most wins by a trainer:

8 – Robert Wyndham Walden (1875, 1878, 1879, 1880, 1881, 1882, 1888, 1889)

Most wins by an owner:

7 – Calumet Farm (1941, 1948, 1949, 1957, 1958, 1962, 1968)

Notable facts:

• 36 Kentucky Derby winners have gone on to win the Preakness, but only 13 completed the Triple Crown.
• The Preakness purse reached $2 million in 2024, with $1.2 million to the winner.
• Attendance regularly tops 100,000, making it the second-largest crowd in North American racing after the Kentucky Derby.

How We Review the Best Preakness Stakes Betting Sites

We’re all about bringing you the cream of the crop—only top-tier sportsbooks earn a spot in our stable. Let’s break down the criteria we use to break down the competition.

🔐 Sportsbook Security

Player safety is always a top priority. That’s why we only recommend legal, reputable sportsbooks that are regulated by proper gaming authorities, use industry-standard protections like SSL encryption, and actively promote responsible gambling. If something feels off, trust your gut—or just stick to our vetted recommendations. Please play responsibly and review your local gambling rules and regulations.

🙋 Customer Experience

Placing a wager should be stress-free, not a struggle to find odds—let alone place a bet. We know losing a wager stings, but using your sportsbook shouldn’t. Having access to an intuitive sports betting platform and a knowledgeable 24/7 customer service team is every bettor’s dream. Arguably, the perfect platform wouldn’t need a customer service team, but the platform wouldn’t be perfect without one.

💰 Banking and Payout

We prefer betting sites that offer speedy transactions, no fees, and a variety of payment types, including classics like Interac E-Transfer and credit cards, as well as online specialties like PayPal and Bitcoin. Is that too much to ask for? Not for our top Preakness Stakes betting sites, that’s for sure! Of course, deposits should be near-instant and straightforward (sportsbooks want our money, after all). Still, we also expect betting sites to offer reasonable to quick withdrawals and the same straightforward process.

📱 Mobile Betting Experience

From long lines trackside to scrolling odds on your phone, Preakness Stakes betting has officially gone mobile—so you best bet we prioritize Preakness Stakes betting sites with standout Canadian mobile betting apps. We look for solid apps (no bugs, please) that are available across iOS and Android devices and have a user-friendly interface with a streamlined sports betting experience.

Final Word: Preakness Odds 2025

As we near the main event, Preakness Stakes betting sites in Canada will start kicking things into high gear. Now’s the time to saddle up, scout out the top contenders, and explore all the Preakness Stakes betting markets on offer. Consider which of our top Preakness Stakes betting sites would work best for you, and start betting today!s.