Preakness Stakes Betting Sites In 2024
There are many different betting sites for 2024 Preakness Stakes, as online sportsbooks in the US have odds for every horse to win, place, and show. This race should be approached differently when picking your winning horse, as the Preakness Stakes is the shortest race of the Triple Crown events, at 9.5 furlongs. Along with props for the actual race, the best Preakness Stakes betting sites that accept US players have odds for the winning horse from the Kentucky Derby to win the Triple Crown. With many different gambling sites offering platforms for those learning how to bet on the Preakness Stakes, we wrote this page to review the top options. Many online racebooks for the Preakness have a variety of welcome bonuses that can be claimed by new players, along with a variety of secure deposit methods to get started.
Bovada is a well known online sportsbook that operates in 45 states in America, more than any state-regulated book. Bovada offers very solid odds on the Preakness Stakes and other horse races, along with an easy to use website that can be used on both iPhones and Android devices with very few problems. They have great signup bonuses, and they offer odds on horse races all over the world, from big ones to small ones. If you’re looking for a place to wager on the Preakness Stakes, it’s hard to do better than Bovada’s excellent sportsbook and racebook.
BetOnline is one of the best sites for betting the Preakness Stakes because of the many fast and secure withdrawal methods available to all players in the US. There are over 15 different types of cryptocurrencies offered for same day payouts, including Bitcoin payouts that take anywhere from 30 seconds to 24 hours. Not only are all of these payout methods secure and fast, but there are no fees when using crypto. For more traditional players, BetOnline offers bank transfers and checks in the mail as withdrawal options but these methods take up to two weeks to process and be delivered.
MyBookie is one of the best mobile sportsbooks for betting the Preakness Stakes because the entire site has been optimized to function smoothly on any smartphone. Whether looking to deposit before the race kicks off, or place a bet on the winner two weeks out, MyBookie can be accessed from the mobile browser of any device in the US. The online betting site even displays a live tracker of each horse as the Preakness Stakes kicks off, allowing players to watch bets unfold in real time on the second jewel of the Triple Crown.
Odds To Win The 2024 Preakness Stakes
Even though Muth is the favorite to win the 2024 Preakness, all eyes will be on the Kentucky Derby winner. Mystik Dan finished first for the first leg of the Triple Crown with +2000 odds and now has +400 to win the Preakness. If Mystik Dan comes through, Triple Crown bettors will be watching closely for the thoroughbred to complete the sweep (currently has +1600 odds at Bovada).
Preakness 2024 Betting Odds To Win
- Muth -120
- Mystik Dan +400
- Imagination +600
- Tuscan Gold +600
- Just Steel +1200
- Seize The Grey +1400
- Copper Tax +2500
- Informed Patriot +2500
- Uncle Heavy +2500
- Mugatu +4000
Who Won The 2023 Preakness Stakes?
With +800 odds at online horse race betting sites, National Treasure finished first at the 2023 Preakness Stakes. John Velazquez was the jockey on the back of the winner and Bob Baffert trained the American thoroughbred. This win by National Treasure made it no longer possible for Mage to seek the first Triple Crown win since 2018.
Best Deposit Bonuses At Preakness Stakes Sportsbooks
All of the main online sportsbooks offer bonuses for all new players of the site and all of the funds can be used to bet on the Preakness Stakes. The best sportsbook bonuses can be redeemed through crypto deposits but there are still great options available with all other available deposit methods as well.
| Site: | Bonus Type: | Max Bonus Credits: | Deposit Match: | Rollover: |
|---|---|---|---|---|
 |
Welcome (Crypto) | $750 | 75% | 5x |
 |
Welcome (Crypto) | $1,000 | 100% | 14x |
 |
Welcome | $1,000 | 50% | 10x |
 |
Reload (Crypto) | $350 | 35% | 8x |
Deposit Methods At Online Preakness Stakes Sportsbooks
Looking at BetOnline, Bovada and MyBookie, there are a handful of sportsbook deposit options when trying to bet on the Preakness Stakes. While every deposit method below is secure, online sportsbooks recommend using Bitcoin and other cryptocurrencies because there are zero fees for all deposits and the transactions process instantly.
| Deposit Method | Deposit Min | Deposit Max | Fees |
|---|---|---|---|
| Credit Card | $20 | $2,500 | 0-15.9% |
| Bitcoin | $10 | $500,000 | None |
| Altcoins | $20 | $100,000 | None |
| Bank Transfer | $50 | $25,000 | Vary |
| MatchPay (Bovada) | $20 | $2,000 | None |
Preakness Stakes Betting Types
- Straight Bets - If you want to learn how to bet on the Preakness Stakes winner, all you need to do is place a straight bet. If you bet on a horse to place, that means they come in either first or second. Show is similar to place, you just need to pick a horse and they need to come in first, second, or third. Across the board betting essentially allows you to make all three bets at once. You will earn more money if your pick places higher, but you will still get something if they just end up in third place. Think of it like a bet with a hedge built into it - lower profit, lower risk.
- Exotic Bets - This type usually make you place a bet on multiple horses. The exotic bets are exactas, trifectas and superfectas. An exacta bet requires you to pick the first and second place winners in the exact order. If your second-place pick ends up in first, you lose. Trifecta bets are essentially the same thing, but you are adding third place to the mix. A superfecta is upping the difficulty by making you pick exactly who is going to place first, second, third, and fourth. That is a total of four horses that must perform exactly as you predict to win.
- Pick Bets - Pick 3’s are when you pick the winner of three separate races at online US sportsbooks with Preakness odds. It's essentially betting on three separate races, but if you lose one of them, then your whole wager becomes a bust. This is similar to a parlay bet in other sports. As you can see, there are multiple ways for you to place your bets on the Preakness Stakes.
Past Winners Of The Preakness Stakes
The Preakness Stakes has had a long history of winners. Looking at past winners might give you a better idea on who might win in the 2024 Preakness Stakes. There are a number of winners of the Preakness Stakes that upset the winner of the Kentucky Derby, won both the Derby and Preakness but lost the Belmont Stakes, or won the Triple Crown altogether.
| Horse: | Year: | Odds: |
|---|---|---|
| National Treasure | 2023 | +800 |
| Epicenter | 2022 | +180 |
| Rombauer | 2021 | +1100 |
| Swiss Skydiver | 2020 | +1100 |
| War of Will | 2019 | +600 |
| Justify* | 2018 | -200 |
| Cloud Computing | 2017 | +1300 |
| Exaggerator | 2016 | +300 |
| American Pharoah* | 2015 | -125 |
| California Chrome | 2014 | -167 |
| Oxbow | 2013 | +1500 |
| I’ll Have Another | 2012 | +300 |
| Shackleford | 2011 | +1200 |
| Lookin At Lucky | 2010 | +250 |
| *designates a Triple Crown Winner **designates a filly | ||
Pro Tip For Preakness Stakes Betting
- Before the Preakness Stakes start is the best time for betting on the Triple Crown, as the Kentucky Derby has already been completed.
Can I Legally Bet On The Preakness?
The Preakness Stakes is legal for many people to bet on no matter which state you live in. This tradition of betting on Preakness has been around since the purse money for the jockeys was only $1,000. There are no federal laws that say that you cannot bet on horses. On the state level, almost every one of them allows you to bet at legal Preakness Stakes betting sites as well. Due to how relaxed the government is in regard to horse races, there are plenty of resources available for legal betting in the USA when it comes to the Preakness.
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