2024 Preakness Stakes Betting Odds

The 2024 Preakness Stakes betting odds are now posted and bettors everywhere are looking for a place to place their wagers in hopes of winning big. Horse racing betting is incredibly popular, not only in the United States but all over the world and the Preakness Stakes is one of the most bet on races of them all. It is the second race of the Triple Crown and it will take place on Saturday, May 20th.

With the race so rapidly approaching, it is wise to brush up on your Preakness Stakes betting odds knowledge. This page has been specifically put together to educate players looking to bet on the Preakness on the legality of online racebooks, as well as help players learn about the 2024 Preakness favorites going into the race. We will also help newer players to understand betting odds, review the top sites available to horse racing fans and answer any questions you may have as well.

Legal Online Preakness Stakes Betting

It is legal to bet on the Preakness Stakes online. Off-track betting in the U.S. has been a long standing tradition for most areas of the country, with a few exceptions where states have not yet legalized the pastime. Have no fear if you happen to live in one of the few states that currently doesn't offer legal online off-track betting.

Racebooks like Bovada that are located off-shore do not fall under the umbrella of state or federal laws, and with no laws on the books making the act of placing a wager illegal citizens are free to use legal online horse racing betting sites. For most bettors online Preakness Stakes betting sites are a much better option. For countless reasons this is true but above all is the value you gain as a bettor.

Perk #1 - The money you would spend on travel, be it on gas, an Uber, or a plane ticket is money now available to legally wager online with. Who doesn't like a larger bankroll?

Perk #2 - You'll never find yourself standing in line at the betting window when bets for a race close. There are no lines at legal online racebooks to get stuck in. Anyone who has ever done a lot of betting at the track has undoubtedly be the sucker second in line at the window when it slides shut and wagering ends. This can't happen online. This really should be perk one to be honest!

Perk #3 - When you bet online you are not limited by Newton's Laws. While a local bettor will stay at rest at the same track and bet only the odds from a single pair-mutal pools from around the country. A savoy bettor will rest at home shopping odds and bet on not only the same off-track pools that our local friend is limited to, but also pools from around the world with better odds.

Perk #4 - Preakness Stakes betting odds are offered in a lot more ways online. From all shorts of fun prop bets and futures to random bets about the festivities and the time of the winning horse.

The Favorites To Win The 2024 Preakness Stakes

Preakness Stakes Betting Odds For "Always Dreaming"

Always Dreaming is obviously the Preakness Stakes favorite after an impressive victory at the Derby. Always Dreaming will be aiming to be the eighth horse in the last 20 years to win both the Derby and Preakness Stakes.

Odds: - 110 (Bet At Bovada!) | -150 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Classic Empire"

Classic Empire was a popular bet before the Preakness Stakes and that should continue going into the Preakness Stakes. Though a fourth place finish at the Derby was a little disappointing, Classic Empire is still a top contender as the Triple Crown continues.

Odds: +500 (Bet At Bovada!) | +375 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Lookin At Lee"

Lookin At Lee was largely ignored going into the Preakness Stakes but after a great performance and finishing second in the first race of the Triple Crown, it’s safe to say there will be some more eyes on Lookin At Lee at the Preakness.

Odds: +1100 (Bet At Bovada!) | +900 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Royal Mo"

Royal Mo missed out on the Preakness Stakes after losing out on a tiebreaker for the 20th position in the field. Royal Mo is expected to be in the Preakness and is a legit contender.

Odds: +1200 (Bet At Bovada!) | +2000 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Gunnevera"

Gunnevera had a disappointing showing in the Preakness Stakes after many thought he would compete for a victory, he ultimately finished 7th. It could be blamed on the sloppy track though so don’t give up on Gunnevera.

Odds: +1200 (Bet At Bovada!) | +1000 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Conquest Mo Money"

Conquest Mo Money finished second in the Arkansas Derby behind Classic Empire and finished just before Lookin At Lee, who finished second in the Derby. Could be a Preakness dark horse candidate.

Odds: +1600 (Bet At Bovada!) | +2000 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Cloud Computing"

Cloud Computing is a long shot to win the Preakness as there has been little reason to have confidence in him. His best qualifier leading up to the Derby was a third place finish at the Wood Memorial.

Odds: +2000 (Bet At Bovada!) | +1800 (Bet At BetOnline!)

Preakness Stakes Betting Odds For "Senior Investment"

Senior Investment has the worst odds in the Preakness Stakes field at the moment. That fact likely won’t change but this is still a fast horse that could surprise when the gates open at Pimlico.

Odds: +2500 (Bet At Bovada!) | +2000 (Bet At BetOnline!)

Triple Crown Betting Odds

Will Always Dreaming win the Triple Crown? That's a question for the ages and an answer that we will find out this weekend. With Triple Crowns coming in bunches historically the smart bet might be to take the odds and hope for a big payday as all the books will have yes as the the underdog. With everyone asking what are the odds of Always Dreaming winning the Triple Crown you'll be able to answer them.

Odds: Yes +500 / No -300 (Bet At Bovada!)

Top Preaknees Stakes Racebooks

Bovada Racebook - Mobile Preakness Betting

The Bovada Racebook is one of professionalism and is about as advantageous as any. The first thing you will notice is how easy the site is to maneuver and how easily accessible and available the horse racing betting lines are. Bovada provides players with betting options on the biggest tracks across the country. That includes all three Triple Crown races so there is legal Derby betting, legal Preakness betting, and legal Belmont betting all available at Bovada Racebook.

Create an account and once you begin betting you will be offered opportunities for multiple different rebates on all of your bets, depending on what kind of bet you placed. It’s free to join and they accept players from all over the country so begin your journey into the potentially lucrative online racebook industry.

BetOnline Racebook - Mobile Betting On The Preakness Stakes

BetOnline is one of the most popular online gambling sites on the web and they have been building their brand and fan base for over two decades now. While their sportsbook and casino are very popular, it’s their racebook that is truly impressive. Horse racing fans everywhere will love the 7% rebate on all horse racing bets at BetOnline as well and for you Triple Crown fans out there, they even have mobile betting on the Preakness Stakes, Preakness Stakes, and the Belmont.

Getting started with BetOnline is incredibly easy. So easy that you can use the mobile betting feature we mentioned to create an account. So you don’t even have to open up your computer, you can just pull your phone out, wherever you are, and begin your betting experience. Regardless of how you start, make sure that BetOnline Racebook is the site you choose for Preakness Stakes Betting Odds.

Preakness Stakes Odds Are Listed Now - Place Bet At BetOnline!

Preakness Stakes Betting Odds Explained

Betting odds can be seen in several different forms depending on where you're wagering. Players in the United States typically use American betting odds but European players are usually more comfortable using fractional odds. Preakness Stakes Betting odds explained to a new bettor is as simple as these examples below.

American horse betting odds explained can be summed up by knowing what you would have to risk to win $100 on the favorite in a race, and what you win if you bet $100 on an underdog. If there is a minus sign in front of a horses odds, then that means it is the favorite, and a plus sign shows an underdog. The larger the number, the worse the odds. So if one horse has -275 odds that means you would have to risk $275 to win $100 on the favorite. Another has +225 odds as a underdog you would only have to bet $100 to win $225 on that horse.

Preakness Stakes fractional odds are the money you can win on your bet, followed by the money you have to risk. So if you see odds for a horse at 15/2, then that means you would have to pay $15 for every $2 you risk.

Frequently Asked Questions About Betting On The Preakness Stakes

What's The Best Way To Legally Bet On The 2024 Preakness Stakes?

You can legally bet on the 2024 Preakness Stakes by signing up for one of the racebooks we have recommended to you on this page. They are all licensed and regulated sites that accept players from all over. They are as secure and professional as it gets.

How Many Horses Can Win The Triple Crown?

Only one horse can win the Triple Crown per year. If a horse wins the Triple Crown it means he won the Preakness Stakes, Preakness Stakes, and Belmont Stakes. Only 12 horses have ever won.

How Close Is Wagering On The Preakness Stakes Online To Betting At The Race Track?

In some aspects, yes, but mostly it’s a different experience but in a good way. Betting the Preakness Stakes online is obviously much more convenient and easy than betting at the track. While they both offer you an exciting gaming experience, the variety and simplicity are just so advantageous at online racebooks, you won’t even have an interest in going to the track again.

So Standard Track Bets Like Exotic And Straight Wagers Are Available Online Too?

Yes, you can find both straight and exotic bets on the Preakness Stakes when betting with online racebooks. A variety of wager types is always a plus.

Do Horse Racing Betting Sites Have Mobile Betting?

Yes, the top racebooks do have mobile betting apps for horse racing. Some come in app form and some are just mobile URL’s that are compatible with mobile devices.

What Are Morning Line Odds And How Are They Different?

Preakness Stakes morning lines are exactly what they sound like. A listing of all of the horses in the race and their odds that are posted the morning of the race. The are track based odds that are done by an in house handicapper and not by a racebook.

Should The Morning Line Odds Come Out Before Placing A Wager?

That’s really up to you and how you bet. If you only plan to make one bet it is wise to wait until the morning lines come out so you know exactly where your bet will be while watching the race. The lines change quite a bit in horse racing so if you want to get the most bang for your bet waiting to see which of your horses has the longest odds makes sense. However if you plan to make multiple bets getting your money in on a horse before the odds swing makes sense too. So it's really up to you!

What Happens To My Bet If My Horse Is Scratched?

The majority of the time your bet is lost. All bets have action is the key here, most racebook bets are defaulted to these terms. Which means once the bets in there's no turning back. If you see horse most run for action then your bet will be canceled.

How Do I Add Money To An Online Racebook?

The top funding methods at online racebooks usually are credit and debit card deposits but bitcoin is also becoming extremely popular as well. It’s all personal preference though depending on what you are looking for.

Deposit Bonus Are Collected How?

To collect your deposit bonus at a racebook you first must meet the rollover requirement of the bonus. A rollover is a total amount a player has to wager before they can request a payout with the bonus.

How Long Is A Furlong?

A furlong is approximately 220 yards. 2 furlongs equal a quarter of a mile.

How Many Furlongs Is Pimlico?

Pimlico racetrack is 9.5 furlongs which equates to 1 3/16ths miles.

What Is A "Length" In Horse Racing?

When you hear someone say that a horse won a race by a “length” it simply means that horse won a race by the length of the average horse from nose to tail, which is about 8 feet.

How Many Horse Run In The Preakness?

This is the shortest of the three Triple Crown races and it also has the fewest amount of participants with 14 horses in the Preakness.

How Does A Horse Qualify For The Preakness Stakes?

Qualifying for the Preakness is dependent on career earnings from the horse.