Bet on Preakness Stakes Online Guide

With tons of people from the United States (and all over the World) looking to bet on the Preakness Stakes this afternoon I have created this quick but thorough “Bet on Preakness Stakes Online Guide”.  Below I will walk you through betting on the horse race online if you’ve never placed a wager on the Preakness online before.

First things first… Check out the small write up below (in the box) where I will outline my recommended betting site for the Preakness.  I personally have wagered, deposited and withdrawn my winnings at and highly recommend it!

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Step By Step Preakness Stakes Betting For Beginners

1) The first step is to pick which site you are going to wager on the Preakness online at.  I’ve promoted and personally bet at BetOnline for just over 2 years now and would highly recommend betting there.  They have been around since 1996 and have literally thousands and thousands of members betting each and every day on all sports (including horse racing).

At Bet Online you will easily be able to deposit money…Credit Card is my favorite option – if you ever have troubles you just need to contact their friendly support and they will help you get your deposit through.

Getting your winnings is easy with their withdrawal methods, and your winnings will be back in your bank account very quickly.

If want to bet on the Preakness stakes online this year sign up at

Another great thing about BetOnline is that they offer a free money bonus.  Whatever amount of money you decide to deposit to bet on the Preakness you will receive 25% of that amount in free money added to your account balance.  Lets say you wanted to deposit $60 to bet on the race.  BetOnline would then add $15 (25% of $60) to your account balance as a bonus for a total of $75 to bet with!  I usually deposit a big amount for my first time to take advantage of the new sign up bonus, but you don’t need to… either way you’re getting free money :)

Click here to claim your Preakness Stakes bonus…

2) After you’ve signed up at BetOnline you will need to head over to their racebook and decide which type of wager you want to make.

There are lots of different exotic bets you can place (which horses are going to place in the Top 2, 3 or 4), but the easiest types of bets for beginners to place are the Win, Place or Show bets.

A Win bet is picking which horse will place first.  If they don’t place first you lose your wager, but if they do you will get a nice payout.  The Place bet is choosing a horse which places in the top two.  It doesn’t payout as much as the Win, but you have a little better chance of winning.  The Show is picking a horse to come first, second, or third.  Because there is actually a pretty good chance for a horse to Show it doesn’t payout much – but can still be fun for the beginner bettor who just wants a small cash.

If you want more info on the types of horse betting you can do visit our Horse Racing Betting articles section of

3) The final thing to do for betting on the Preakness Stakes online is of course picking your horse!  I’ve had an expert Matt Martz chime in here on the site with his picks for the Preakness favorites, mid runners and longshots if you’re interested.  But sometimes it is more fun to just go with your own picks for this kind of event too.  Whatever you choose – enjoy your first time betting on the Preakness Stakes on the internet and I hope you can win some money!