What To Bet On Preakness
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Bet On Preakness Today
Bet & Watch the Preakness Stakes online with OffTrackBetting.com - US Legal Online Wagering. The 145th running of the Preakness Stakes (Grade I), is for the first time, the third jewel of the Triple Crown, set for Saturday, October 3, 2020 at historic Pimlico Race Course in Baltimore, Maryland. Still, the Preakness is shaping up as a great betting race, with a field of 11 stocked with a lot of talent expected to go postward. Preakness 2020: Post positions, morning line odds, info. Preakness Stakes Betting Types. The Preakness Stakes comes with a bevy of betting types. The options range from straight bets like betting on the win, place, and show to exotic bets like betting on the trifecta or pick 3. These many different betting options are staples in the horse race betting community. How To Bet The Preakness Stakes Odds. Now that you understand the basic straight and exotic bets, it’s time to understand how odds in horse racing work. The field of contenders will be assigned early odds on the Wednesday following the post draw, which determines which gate each horse starts in. To help us bet that new landscape's wild maze, we'll be calling upon the Bluegrass Wise Man ™ and his years of wide experience in Kentucky, but before that, herewith, in order of post position, the.
On this page, you will learn now to bet on the Preakness Steaks using straight bets and exotic bets. You’ll also understand how the odds work while discovering some of the best methods for placing wagers on the Triple Crown.
Types of Bets
As a marquee event on the Thoroughbred calendar, the Preakness Stakes offers a full slate of betting. There are generally two types of wagers that a player can make: straight and exotic. These are outlined below.
Straight Bets
These are wagers based on a single outcome with a single horse and are a standard option for players.
Win – The horse must finish first.
Place – The horse must finish first or second.
Show – The horse must finish first, second or third.
Exotic Bets
These are wagers based on multiple outcomes. They are technically more difficult to win, and therefore provide larger payouts.
Exacta – Select two horses to finish 1st and 2nd in exact order.
Trifecta – Select three horses to finish 1st, 2nd and 3rd in exact order.
Superfecta – Select four horses to finish 1st, 2nd, 3rd and 4th in exact order.
All of the exotic bets listed above can be “boxed”, meaning that you change the outcome from exact order to any order. For example, in an exacta box you will be selecting the top-two finishers in the race. For a trifecta box you select the top-three, and in a superfecta box you will select the top-four finishers.
How To Bet The Preakness Stakes Odds
Now that you understand the basic straight and exotic bets, it’s time to understand how odds in horse racing work. The field of contenders will be assigned early odds on the Wednesday following the post draw, which determines which gate each horse starts in.
Please note that the odds for the Preakness Stakes will fluctuate slightly as action begins to come in. Once you have placed your wager, the odds at that time will become locked for that particular bet.
The table below outlines some of the odds you might see for the Preakness Stakes and their corresponding payout based on a standard $2 wager.
Odds | American | $2 Wager |
1/1 | +100 | $4.00 |
3/2 | +150 | $5.00 |
9/5 | +180 | $5.60 |
2/1 | +200 | $6.00 |
5/2 | +250 | $7.00 |
3/1 | +300 | $8.00 |
7/2 | +350 | $9.00 |
4/1 | +400 | $10.00 |
9/2 | +450 | $11.00 |
5/1 | +500 | $12.00 |
10/1 | +1000 | $22.00 |
Where To Bet The Preakness Stakes
There are several options for those wondering how to bet the Preakness Stakes this coming spring.
How To Bet On Preakness
At The Window
You can bet at Pimlico Racecourse using their betting windows or their amazing kiosks. The tellers at the window are great at walking through and explaining all the options available to you, while the kiosks allow for a seamless way to place a wager on any of the race day events.
Bet On Preakness Stakes
Bet The Preakness Stakes Online
Twinspires.com offers a fluid and easy-to-use desktop portal for those looking to bet the Preakness Stakes. It’s free to sign up, and deposit is simple and fast. You can easily sign up on the day of the race you’re looking to bet, or sign up in advance to get the best odds!
Mobile Options
What To Bet On Preakness Stakes
You can head to the Apple Store or the Android portal to download the free Twinspires.com app for your tablet or smartphone. It offers all the functionality of our desktop site, but gives you the freedom to bet on the Preakness Stakes on the go. All wagering options are available through our desktop and mobile platforms. Get in on the action today!