The best Preakness Stakes betting sites in Canada know how to rein in the action for the thrilling second leg of the Triple Crown and set the pace with the top Preakness Stakes odds. Saddle up with the best Preakness betting site for you below and learn how to read the latest horse racing odds ahead of the 151st running at Laurel Park in Maryland on May 16, 2026, at 6:50 p.m. (ET)—and score expert betting tips, and top picks!
Best Preakness Stakes Betting Sites in Canada 🍁
Here’s a list of the top Preakness betting sites available in Canada:
| 🏇 Preakness Betting Site | ⭐ Overall Rating | 💰 Welcome Bonus | 🟢 Join Link |
|---|---|---|---|
| William Hill | 4.8/5 | 100% Deposit Match up to $500 | Claim Bonus! |
| Stake | 4.7/5 | 200% Deposit Match Bonus Up To $1000 | Claim Bonus! |
| bet365 | 4.6/5 | First Bet Safety Net up to $1000 in Bonus Bets OR Bet $10, Get $50 in Bonus Bets | Claim Bonus! |
| BetVictor | 4.2/5 | First Bet Shield up to $100 in Free Bet | Claim Bonus! |
| Parimatch | 4/5 | 100% Match Up To $500 | Use Bonus Code CANBET |
2026 Preakness Stakes Odds
Score the latest Preakness Stakes odds courtesy of William Hill (note: sportsbook not available in Ontario). Check back with us soon for more Preakness Stakes betting odds. These odds were last updated on May 16, 2026:
| Horse (Post Postion) | Odds from William Hill |
|---|---|
| Iron Honor (9) | +500 |
| Incredibolt (12) | +500 |
| Taj Mahal (1) | +500 |
| Chip Honcho (6) | +600 |
| Ocelli (2) | +600 |
| Napoleon Solo (10) | +1000 |
| Talkin (5) | +1400 |
| Great White (13) | +2000 |
| The Hell We Did (7) | +2500 |
| Corona De Oro (11) | +2500 |
| Pretty Boy Miah (14) | +2500 |
| Robusta (4) | +4000 |
| Bull By The Horns (8) | +5000 |
| Crupper (3) | +5000 |
Please note: Golden Tempo will not be running in the 2026 Preakness Stakes in preparation for the Belmont Stakes, meaning there will be no Triple Crown Winner this year.
Breakdown: Top Preakness Stakes Betting Sites in Canada 🍁
Many top Canadian sportsbooks roll out Grade One Preakness odds leading up to race day—so, stay tuned. Here are the very best Preakness Stakes betting sites available in Canada:
1. William Hill Preakness Betting
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 odds. William Hill is a true industry leader in horse racing and consistently offers odds where other Preakness Stakes betting sites fall short. Sign up with William Hill here!
Please note: William Hill is not available in Ontario at this time.
⭐ Preakness Betting Highlights:
- Most reliable Preakness Stakes betting site
- Offers early Preakness odds (2026)
- Superior, consistent horse racing coverage
2. Stake Preakness Betting
Stake is an awesome Preakness Stakes betting site with juicy odds, a streamlined online betting experience, and a plethora of crypto payment options. Easily flip through races thanks to Stake’s intuitive calendar layout and clear visuals, bet live with superior streaming options, and score amazing betting tips! Sign up with Stake here!
Please note: Stake is not available in Ontario at this time.
⭐ Preakness Betting Highlights:
- Juicy Preakness Stakes odds
- Top-tier dedicated racing section
- Crypto horse racing betting leader
3. bet365 Preakness Betting
bet365 rolls out diverse Preakness betting markets closer to the main event. And 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 for the hottest last-minute odds! Sign up with bet365 here!
⭐ Preakness Betting Highlights:
- Best Preakness Stakes betting site for Ontario
- Superior Preakness Stakes betting odds
- Awesome live betting & streaming
4. BetVictor Preakness Betting
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. Saddle up with some of the best bet boost in the biz, check out BetVictor’s betting guides, and lock in the sharpest Preakness Stakes odds 2026 is dishing out. Sign up with BetVictor here!
⭐ Preakness Betting Highlights:
- Comprehensive Preakness betting guides and stats
- Industry leader & Preakness Stakes pro
- Competitive Preakness Stakes betting odds
How to Bet on the Preakness Stakes in Canada 🍁
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:
- Select a Betting Site.
Scroll up for our list of recommended betting sites or check out our in-depth horse racing betting sites reviews. Look for sportsbooks with competitive odds, live betting options, and special promotions around the Preakness. ⚡ Pro tip: Sign up for multiple Preakness Stakes betting sites to leverage odds! - Create Your Account.
Sign up using our exclusive links. Provide personal details, confirm your location, and verify your identity through a secure platform. - Deposit Funds.
The money you move into your newly created betting account funds your wagers. Navigate to your book’s cashier page (top right—easy), select a payment method, enter your deposit amount and payment details, and click to confirm. - Bet on the Preakness Stakes.
Saddle up and pick your horse—will they win, place, or show? Navigate to your book’s horse racing odds and select the Preakness Stakes. Once you find odds you like, click ’em, enter your wager amount, and confirm your bet slip.
👉 Preakness 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 Stake sportsbooks or 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 over to bet365—ready, set, WAGER! Just sign up, fund your bankroll, browse odds, and bet on the Preakness Stakes for your shot at a share of the prize pool.
Preakness Stakes 2026: Key Details
- Date: May 16, 2026, at 6:50 p.m. (ET)
- Location: Laurel Park, Laurel, MD
- Distance: 1 3/16 miles (9.5 furlongs)
- Field: Top 3-year-old thoroughbreds, including Kentucky Derby contenders
- Purse: $2,000,000
- Status: Grade 1 Stakes, second leg of the Triple Crown
Preakness Stakes Predictions: 2026 Favourites
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 latest betting favourites leading up to the 2026 Preakness Stakes:
Morning-Line Favourite: Iron Honor
Iron Honor is looking to put his seventh-place Wood Memorial run behind him with Preakness odds that position him as the favourite. After skipping the Kentucky Derby to stay fresh for Maryland, his team is hoping the same horse that fought through to a gritty Gotham Stakes win shows up when the gates fly open. With tactical speed, a pedigree built for top-level company, and Flavien Prat aboard, Iron Honor could be ready to gallop right back into the winner’s circle.
- Owner: St. Elias Stable (Vincent Viola), William H. Lawrence, and Glassman Racing
- Trainer: Chad C. Brown
- Jockey: Manuel Franco
- Earnings to date: $229,250
Bet on Iron Honor to Win Preakness Stakes
Local Favourite: Taj Mahal
Taj Mahal is bringing serious home-track heat into the Preakness Stakes and is already a local favourite. Peaking at the perfect time, he punched his ticket with a dominant Federico Tesio win, wiring the field and pulling away by over eight lengths. With natural early speed and proven stamina, Taj Mahal is primed to go the distance in the Preakness. Check out the top Preakness betting odds before lines shift and values shrink.
- Owner: SF Racing, LLC; Starlight Racing; Madaket Stables, LLC; and others
- Trainer: Brittany Russell
- Jockey: Sheldon Russell
- Earnings to date: $250,000
Bet on Taj Mahal to Win Preakness Stakes
Co-Favourite: Incredibolt
Incredibolt is charging into the 2026 Preakness Stakes with kind of under‑the‑radar value that can light up the tote board—in a flash! After a dominant four‑length win in the Virginia Derby earlier this spring, this colt proved he can handle graded-stakes pressure and the classic distance alike. With Preakness betting odds to back him up, don’t be shocked if Incredibolt comes thundering into the mix and storming down the track.
- Owner: Pin Oak Stud LLC (Dana Bernhard)
- Trainer: Riley Mott
- Jockey: Jaime Torres
- Earnings to date: $498,681
Bet on Incredibolt to Win Preakness Stakes
Kira’s Picks: Preakness Stakes Predictions 2026
Published on Canada Sports Betting and Daily Faceoff, Kira Keir combines exhaustive research with expert insight to create comprehensive resources for bettors of all levels.
With the 2026 Preakness Stakes just around the bend, now is the perfect time to scope out the competition. I’d recommend comparing Preakness odds on Saturday, May 16, before the race, since most bookies drop Preakness Stakes betting odds day of, unless you go with William Hill’s early odds.
Although Taj Mahal’s home-track advantage is a tempting edge paired with his recent runs, I think Incredibolt has this win in the bag. And if lightning strikes, here’s my superfecta Preakness prediction: Incredibolt, Taj Mahal, Chip Honcho, and Iron Honor.
Bet on Incredibolt to Win Preakness Stakes
Preakness Odds 2026 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 (e.g.,+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 (but you bet as little as $2!) 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.
Most Popular Preakness Stakes 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 mane 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
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 and post position, 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.
Last 10 Preakness Stakes Champions 🏆
| Year | Horse | Jockey |
|---|---|---|
| 2025 | Journalism | Umberto Rispoli |
| 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 (Triple Crown winner) | Mike Smith |
| 2017 | Cloud Computing | Javier Castellano |
| 2016 | Exaggerator | Kent Desormeaux |
| 2015 | American Pharoah (Triple Crown winner) | 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.
More Horse Racing Resources:
- Best Horse Racing Betting Sites
- Beginner’s Guide: How to Bet on Horse Racing
- Latest Horse Racing Odds
- Woodbine Betting
Major Horse Racing Events to Bet On:
- Triple Crown
- Kentucky Derby
- Belmont Stakes
- King’s Plate
- Prince of Wales Stakes
- Breeders’ Stakes
- Breeders’ Cup
Final Word: Preakness Odds 2026
Preakness Stakes betting sites in Canada started kicking things into high gear as we closed in on race day. Although the time to saddle up, scout out the top contenders, and explore all the Preakness Stakes betting markets on offer has come and passed, there are even more races to bet on in the near future. Consider which of our top Preakness Stakes betting sites would work best for you, and start betting on horses today!
Preakness Odds FAQs
Yes, you can bet on the Preakness Stakes! Most major Canadian sportsbooks offer Preakness odds and betting markets. We recommend signing up with one of these top sportsbooks to bet on the Preakness: Stake, bet365, BetVictor, and William Hill.
Iron Honor (+500) is the current favourite to win the 2026 Preakness Stakes, followed by Taj Mahal and Incredibolt, which are all sitting with +500 Preakness Stakes odds.
Here are the 2026 Preakness Stakes contenders after the official post position draw on Monday, May 11th:
Iron Honor
Incredibolt
Taj Mahal
Chip Honcho
Ocelli
Napoleon Solo
Talkin
Great White
The Hell We Did
Corona De Oro
Pretty Boy Miah
Robusta
Bull By The Horns
Crupper
The final field is limited to 14 horses, and some entries may change as trainers make final decisions based on each horse’s condition and readiness.
Soon after the Kentucky Derby, bookmakers will start to roll out early Preakness odds, updating lines after the May 11th post position draw. Luckily, William Hill has already posted its 2026 Preakness Stakes odds.
The 151st edition of the Preakness Stakes has a total purse of $2 million, with $1.1-1.2 million awarded to the 2026 Preakness Stakes winner.