Best Preakness Betting Sites (2022)

It’s that time of year again! This Saturday marks the 147th Preakness Stakes at the Pimlico Racecourse in Baltimore. Triple Crown season is always a hectic time of year for online racebooks, as there’s much money to be won on the second leg of the Triple Crown races.

This weekend’s race is an excellent opportunity to capitalize on competitive odds and betting lines for the 2022 Preakness Stakes – and we’ll make sure that’s precisely what you do by recommending only the best online racebooks for Preakness betting.

On this page, you’ll find the best places to win real money betting on the Preakness Stakes from the convenience and accessibility of your smartphone, tablet, or desktop computer!

So, without further ado, here are the best online racebooks offering Preakness Stakes betting odds – online racebooks where bettors and punters find more than they bargained for!

Preakness Stakes Logo - Horse Racing Banner

Best 2022 Preakness Stakes Racebooks Online

Betting Site
Bonus Bet Now
1BetOnline Logo BetOnline
50% up to $1,000 Go to Site
2 BetUS
125% up to $2,500 Go to Site
3 Bovada
50% up to $1,000 Go to Site
100% up to $1,000 Go to Site
5 Everygame
100% up to $500 Go to Site
6 MyBookie
100% up to $1,000 Go to Site

After some deep research and a thorough review process, we have determined these to be the best online racebooks that offer Preakness Stakes odds and betting opportunities. There is plenty of real money to be made and when you bet on the horses using one of these top-rated sites, you will be met with exceptional customer service and competitive bonus offers that will grow your bankroll to new heights.

Are you ready to get started? Visit a top-rated online racebook today to get in on the action!

147th Preakness Stakes Basic Info (2021)

The second leg of the journey on the way to the Triple Crown Trophy will be a highly anticipated event this year, following the excitement and drama of the Kentucky Derby earlier this month. Here are some must-know basics of this year’s race in Maryland.

  • Inaugurated: 1873
  • Date: Saturday, May 21st, 2022
  • Location: Pimlico Race Course
  • Distance: 1 3/16 miles (9 furlongs)
  • Grade: 1 race
  • Surface: Dirt
  • Qualification: 3-Year-Old Thoroughbreds
  • Purse: 1.5 million USD

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Why Use These Online Racebooks for Preakness Stakes?

In our search for the best Preakness Stakes online racebook, we were keeping our eyes peeled for certain qualities and attributes to qualify each site for our top recommendations. Our desire was to have a comprehensive line up of betting sites that offered customers the best possible experience including professional service and support, updated betting lines and odds, and complementary bonus offers.

The following criteria are what we looked for in each Preakness Stakes racebook.

Trustworthy and Reputable

  • Each racebook must be fully licensed by a legitimate gambling authority in a reputable jurisdiction.
  • Each racebook must accept US players.
  • Each racebook must use proper safety protocols to protect customers’ information.
  • Each racebook must use Personal Identifiable Information (PII) and Know Your Customer (KYC) procedures when vetting new accounts.

Competitive Betting Lines

  • Each racebook must have varied odds and betting lines.
  • Each racebook must update their odds and betting lines daily.
  • Each racebook must have a variety of bet types including straight, exotic, and propositional.

Hefty Bonuses

  • Each racebook must have strong welcome bonuses for new bettors.
  • Each racebook must come with additional bonuses like reloads, deposit matches, horse rebates, or special weekly offers.

Banking Options

  • Each racebook must have multiple deposit methods for bettors to fund their accounts.
  • Each racebook must have multiple ways for bettors to withdraw payouts.
  • Each racebook must practice quick and accurate payout practices.

Mobile Compatibility

  • Each racebook must be compatible for iPhone and Android, plus all other respective smart devices.
  • Each racebook must transfer seamlessly to smaller screens including graphics, sounds, navigation, and handling.
  • Each racebook must be able to be accessed via app from Google Play or iTunes or with in-browser via reliable internet connection.

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Preakness Stakes Bonuses

There are a number of bonuses and special rebates at our top-rated online sportsbooks that are directly related to betting on the 2022 Preakness Stakes. If you are new to the sportsbook world, you can take advantage of some generous welcome packages that include hefty bonuses for newcomers. There are also a handful of horse rebates that pay back a percentage of weekly losses!

Here are the best bonuses offered at each Preakness Stakes online sportsbook!

Preakness Stakes Bonuses at BetUS

BetUS Sign-up Bonus

  • Valid on the initial deposit
  • 125% Sign-Up Bonus up to $3,125
  • Minimum deposit: $10
  • 100% Sports Bonus up to $2,500
  • Rollover Requirement: 10x Sports
  • 25% Casino Bonus – up to $625
  • Rollover Requirement: 30x Casino
  • Max cashout: $5000
  • Use promo code JOIN125

Saturday’s Stakes Money Back!

  • A minimum of $10.00 bet is required for each selected race.
  • Get your money back if your horse runs second in selected stakes races.
  • The maximum refund is $10 per race, regardless of risk amount.
  • Credits will be added as Free Play Money.
  • Six or more runners must start the race for the offer to apply.
  • Payout rules will apply
  • Only your first straight win wager in each race will count towards this promotion. Offer applies to straight win wagers only.
  • In the event of a dead heat for the first place, the offer does not apply.
  • Bonus refund will be credited the following Monday after the qualifying race.


Preakness Stakes Bonuses at BetNow

100% up to $1,000

  • Minimum Deposit: $20
  • Maximum Bonus: $1,000
  • Rollover Requirement: 50x Racebook and 10x Sportsbook
  • Use bonus code BN100

10% Horse Rebate

  • Rebates are eligible on net losses accrued Monday through Sunday
  • Rebates are issued on Mondays by 12:00pm EST


Preakness Stakes Bonuses at MyBookie

50% up to $1,000

  • Valid on initial deposit only
  • Credited in form of free play
  • Minimum Deposit: $50
  • Maximum Bonus: $1,000
  • Rollover Requirement: 10x
  • Promo Code: MYB50

8% Horse Rebate

  • Not applicable for wagers made through sportsbook
  • No rebate for cancelled or scratch refunded wagers
  • No rebates on Win, Place, Show tickets paying $2.20 to $2 and less
  • Rebates paid out daily after midnight
  • No rollover requirement
  • Straight bets on Tracks A-B-C receive 3% payout
  • Exotic bets on A Tracks pay 8%, B Tracks pay 5%, and C Tracks pay 3%.


Preakness Stakes Bonuses at BetOnline

50% up to $1,000

  • Valid on initial deposit only
  • Minimum Deposit: $55
  • Maximum Bonus per Deposit: $1,000
  • Rollover Requirement: 10x

7% Horse Rebate

  • Not eligible for wagers that pay $2.20 or less for $2.00
  • Not eligible for Tracks D & E
  • Not eligible for matchup, fixed odds, or Propositional bets
  • Internet wagers are eligible for 7% daily rebate. Telephone wagers are eligible for 4% daily rebate
  • Online and phone wagers for NYRA tracks get 4% rebate
  • No earning limit and no minimum volume of wagers
  • No rebates on cancelled or scratch-refunded wagers


Preakness Stakes Bonuses at Bovada

  • Valid on the initial deposit only
  • 50% Bonus up to $250
  • Rollover Requirement: 30x Casino, 5x Racebook, and 5x Sports


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How to Bet on the Preakness Stakes Online

Are you ready to place some bets on the 2022 Preakness Stakes using a top-rated online sportsbook? Here is opportunities to get in on the action and win some real money betting on the horses but doing so from the comfort and convenience of your smartphone, tablet, or desktop computer.

You ready to go? Here is a step-by-step breakdown of how to bet on the Preakness Stakes online.

Horse Racing - Mobile Phone - Cash Fan

  1. Find a top-rated online sportsbook to place your bets, one that will treat you well! To know that your site will be reputable, the easiest thing to do would be to use one of our recommended Preakness Stakes betting sites. We understand if you want to use other sites but know you will have to do your own research.
  2. Once you have found a reputable site, begin by creating an account. This includes creating a username and password. There will be other information you need to provide, and it varies from site to site. The process should take no more than five or 10 minutes. Once all you information has been confirmed, log into your account.
  3. Once you are logged in, head to the “Racebook” or “Horses” tab at the top of the page. Here, you will find all the odds, betting lines, and opportunities related to the Preakness Stakes event on May 15th.
  4. Choose the kind of bet you want to place your money on. Choices include straight bets where players wager on win, place, or show. There are also exotic bets that include the exacta, trifecta, and superfecta wagers. The opportunities to make some extra coin are abundant.
  5. Once you have found the bets you want to make, wager your money, and add each to the bet slip off to the side of the screen. Be sure all the information present on the slip is correct before you submit.
  6. Once your bet information is confirmed, submit the bet slip and get ready for the big event.
  7. Watch the Preakness Stakes race on May 15th to see if you were right or wrong in your predictions. If you have won on any of your bets, confirm your winnings at the online casino’s banking page. Payouts are expected to hit customers’ accounts between one to two business days.

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Odds for the 147th Preakness Stakes

You have created an account at a reputable Preakness Stakes online racebook and you are ready to fill out your bet slip. A major key to know which horses to place wagers on lies in researching odds at various racebooks such as MyBookie, Bovada, or BetUS! Here is a good idea of the top contenders to win the big race this year!

Preakness Stakes Betting Favorites at MyBookie

  • Epicenter -125
  • Secret Oath +450
  • Early Voting +500
  • Simplification +900
  • Creative Minister +1200
  • Armagnac +2500

Check MyBookie Odds

Preakness Stakes Betting Favorites at Bovada

  • Epicenter +125
  • Early Voting +350
  • Secret Oath +400
  • Simplification +500
  • Creative Minister +500
  • Skippylongstocking +1600

Check Bovada Odds

Preakness Stakes Betting Favorites at BetUS

  • Epicenter +145
  • Early Voting +500
  • Secret Oath +550
  • Simplification +850
  • Creative Minister +1250
  • Armagnac +1500

Check BetUS Odds

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Favorites to Win the Preakness Stakes

Epicenter (6-5)
No matter which Preakness betting site you visit, Steve Asmussen’s prized trainee, Epicenter, is the favorite to win at Pimlico. Of course, Epicenter was also favored to win the Kentucky Derby two weeks ago before being upset by 80-1 underdog winner Rich Strike. Will the extra travel and quick turnaround time between races force the speed horse to rise to the occasion, or will Epicenter be upset once again?

Early Voting (7-2)
Early Voting is trained by Chad Brown and will be jockeyed by Jose Ortiz on Saturday. Starting in post No. 5, the pacesetter is the top pick to upset Epicenter after skipping the Kentucky Derby. Early Voting has won two its first three races, including a wire-to-wire victory in the Withers Stakes. However, this is the horse’s first race away from the surface of Aquaduct, which may play a factor in Early Voting’s performance.


  • Secret Oath (9-2)
  • Simplification (6-1)
  • Creative Minister (10-1)
  • Armagnac (12-1)

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Types of Preakness Stakes Bets

There are a host of methods to placing your bets on the 146th Preakness Stakes this year! Take advantage of the more traditional straight bet if you are looking for an easier win, or try your hand at an exacta or trifecta wager under the exotic bets if you are feeling more brash! There are usually a bunch of prop bets available too that allow you to wager on some interesting situations you may have never thought of!

Straight bets are the more traditional bets placed at the track. Bettors will see far more payouts with these kinds of bets, but the winnings will be smaller and more modest.

Preakness Stakes: Straight Bets
Win This is a bet placed for what horse will come in first.
Place This is a bet placed for the horse to finish in either first or second place.
Show This is a bet placed for the horse to finish in first, second, or third place. It does not matter which position they finish.
Across the Board If your horse comes in third, you win the show bet.
If your horse comes in second, you win the place and show bets.
If your horse finishes first, you win all three bets (win, place, and show).

Exotic bets take things to the next level. Fewer payouts will be seen by the bettors, but these are far more lucrative than the straight bets.

Preakness Stakes: Exotic Bets
Exacta Wager Bets that correctly predict the first place and second place finishers in correct order
Exacta Box Bets that correctly predict the top two finishers (order does not matter)
Trifecta Wager Bets that correctly predict the first place, second place, and third place finishers in correct order
Trifecta Box Bets that correctly predict the top three finishers (order does not matter)
Superfecta Bets that correctly predict the first place, second place, third place, and fourth place finishers in correct order
Superfecta Box Bets that correctly predict the top four finishers (order does not matter)
Daily Double Two Win wagers on two back-to-back races. Often times these will apply to the first and last races run for the day.
Pick 3, 4, 5, or 6 Bets that pick the winners of three, four, five or six consecutive races.

Prop bets are wager that are placed on occurrences or non-occurrences during the course of the event. Here are a few examples of different scenarios bettors can stake some money on. they will differ from site to site.

Preakness Stakes: Propositional Bets
Which Horse Will Finish Last? A bet that correctly predicts the last horse to place.
What Will Be the Staring Gate of the Winner? A bet that correctly predicts the starting gate that the winner uses. This could be closely tied in with the favorite to win!
Will Bob Baffert Train the Winner of the Preakness Stakes? This man ties for most wins by a trainer with seven. This bet is a correct prediction oh whether on not he will get his eighth win.

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2022 Preakness Stakes Betting Tips and Strategies

Here are a few methods you can use when betting on this year’s Preakness Stakes to up your chances of winning! By and large, these strategies are general and do not deliver a guaranteed win every time, but they will significantly increase your odds and give you a fighting chance.

    • Create a Budget for Yourself
      Before you begin placing bets on the 2022 Preakness Stakes, be sure to outline a budget for yourself and stick to your plan! The last thing you want to do is lose a ton of money that you are not comfortable with losing. You can win a nice payout but lose much more than you bargained for in the process. Be proactive and set limits for yourself. Otherwise, you might cut your own throat.
    • Research the Odds
      It’s always a good idea to do some basic research to see which horses are looking good on the track. At your disposal is a wonderful tool—the internet. You can research odds on various online racebooks and see what experts are saying about each horse. This can at least give you a clear idea as to who the top contenders are. This way, you will not be placing your bets on any longshots.
    • Look for Disparities in the Odds
      Compare all the Preakness Stakes odds from the racebooks we included on our recommendations list. The odds will not look the same site to site. The places where you find disparities in the numbers are the place where you can find an edge or betting advantage. You will be able to detect the nuances in the numbers that can better inform your bets.
    • Look at Past Performances
      Past performances can be a good indicator of what is to come in the near future. Take a close look at the most recent races and be on the look out for horses that are picking up momentum in their performances. This is a good sign that this will continue on into a future race. Likewise, a horse whose performance is on the decline might not make a good bet on the next race. Keep an eye on recent performances to get the big picture of the field to make a better wager.
    • Favorites Are Not the Be All and End All
      Nothing has made this concept clearer than the events of this past Kentucky Derby. Upsets happen. Do not bet solely on the favorites because favorites can let you down at times. We suggest spreading out your wagers over several favorites, that way, you will not suffer a great loss with all your eggs in one basket.

  • Who Is the Jockey?
    Take a look at a list of former Preakness Stakes winners from the past 20 or 30 years. You will find some repeat names in the jockey column. If one of these accomplished sportsmen happens to be riding one of the horse at this year’s race, that may be a good choice for placing your bets. Keep an eye on the jockeys. They can be a big factor in predicting a winner on the track.

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Preakness Stakes Records

  1. Secretariat (1973): Fastest Time – 1:53:00
  2. Smarty Jones (2004): Largest Margin of Victory – 11.5 lengths
  3. Calumet Farm: Most Wins by an Owner – 7
  4. Wyndham Walden and Bob Baffert: Most Wins by a Trainer – 7
  5. Eddie Arcaro: Most Wins by a Jockey – 6

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Preakness Stakes Winners History

Check out the results of the Preakness Stakes for the last 20 years. This could be a great tool to help you in future bet making. Historic trends and patterns can potentially teach us about the future races.

Year Winner Post Odds Time Trainer Jockey
2021 Rombauer 6 12/1 1:53.62 Mike McCarthy Flavien Prat
2020 Swiss Skydiver 4 11/1 1:53.28 Kenneth McPeek Robby Albarado
2019 War of Will 1 6/1 1:54.34 Mark Casse Tyler Gaffalione
2018 Justify 7 ½ 1:55.93 Bob Baffert Mike Smith
2017 Cloud Computing 2 13/1 1:55.98 Chad Brown Javier Castellano
2016 Exaggerator 5 3/1 1:58.31 J. Keith Desormeaux Kent Desormeaux
2015 American Pharaoh 1 4/5 1:58.46 Bob Baffert Victor Espinoza
2014 California Chrome 3 3/5 1:54.84 Art Sherman Victor Espinoza
2013 Oxbow 6 15/1 1:57.54 D.W. Lukas Victor Espinoza
2012 I’ll Have Another 9 3/1 1:55.94 D. O’Neill G. Stevens
2011 Shackleford 5 12/1 1:56.21 D. Romans M. Guiterrez
2010 Lookin At Lucky 7 5/2 1:55.47 B. Baffert J. Castanon
2009 Rachel Alexandra 13 9/5 1:55.05 S. Asmussen M. Garcia
2008 Big Brown 6 1/5 1:54.80 R. Dutrow Jr. C. Borel
2007 Curlin 4 7/2 1:53.46 S. Asmussen K. Desormeaux
2006 Bernardini 8 12/1 1:54.65 T. Albertani R. Albarado
2005 Afleet Alex 12 3/1 1:55.04 T. Richey J. Castellano
2004 Smarty Jones 7 3/5 1:55.59 J. Servis J. Rose
2003 Funny Cide 9 9/5 1:55.61 B. Tagg S. Elliott
2002 War Emblem 8 5/2 1:56.36 B. Baffert J. Santos
2001 Point Given 11 2/1 1:55.51 B. Baffert V. Espinoza
2000 Red Bullet 4 7/1 1:56.04 J. Orseno G. Stevens

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Preakness Horse Stakes Betting Jargon and Terminology

You may hear these terms tossed around in horse racing and betting circles. It is a unique language you could spend weeks trying to learn, but we will not overwhelm you! Here’s an abridged list.

  • Bridge Jumper: Bettor that places large wagers on place or show for the odds-on favorites
  • Bull Ring: Small track that is generally less than one mile and has tight turns
  • Claiming Race: Each horse on the field has a price and can be bought by any person that makes a valid claim prior to the race
  • Clubhouse Turn: First turn of race, located near the front stretch/homestretch
  • Conditions: Factors under which the race is run including surface conditions, distance, purse, and qualifications
  • Eased: Horse that is stopped before finishing the race
  • Form: Condition of a horse
  • Going: Condition of the racing surface (ratings for dirt course include fast, good, muddy, or sloppy; ratings for turf courses include firm, good, yielding, soft, or heavy)
  • In the money: Finishing in the top three, entitling the owner to a cut of the purse
  • Lug In: The sign of a weary horse, one that drifts toward the rails
  • Marathon: Race longer than 1.25 miles long
  • Off the board: Opposite of “in the money;” a horse that finishes outside of the top three
  • Pace: The speed of the leaders at each stage of the race
  • Post: Starting gate
  • Scratch: To withdraw a horse from a race
  • Shut Out: When a player fails to make his bet at the window prior to the gate opening
  • Track Take: Money deducted from each pool for track revenue and taxes
  • Washed Out: A nervous horse that is sweating

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Preakness Stakes Betting Sites FAQ

Of course! We would not recommend online racebooks if we were not 100% certain that they were completely safe. Each is fully licensed and legal. And they are okay for US players to use. Each site vets their new accounts using Personal Identifiable Information and Know Your Customer protocols and use special software to safeguard personal and financial information that is given by their customers.

The 2021 Preakness Stakes will be held on May 15th at the Pimlico Racecourse in Baltimore, Maryland.

There are three large categories of wager types to choose from when betting on the Preakness Stakes. The first are the straight bets which include the traditional win, place, show, and a special across-the-board wager which combines all three into one bet. These are the most standard types of wagers and allow for more wins.

The second set of bets are the exotics which feature exacta, trifecta, and superfecta varieties and involve correctly predicting the actual finishing positions of each horse. They are more complicated but offer bigger payouts. There are also a ton of fun prop bets to play, but they vary site to site.

The purse for the Preakness Stakes this year sits at $1.5 million, a huge event in the world of professional horse racing. There are huge chances to win some big payouts every year when the horses race in Baltimore.

Using a top-rated online racebook not only opens players up to some great betting lines, odds, and wagering opportunities (including straight, exotic, and prop bets), there are also a host of bonuses offered by each site that can help players to bulk up their accounts in addition to their wins on the track.

There are a few tips and tricks out their to increase you chances of winning your wagers, but the biggest one has to be knowing the odds and setting up a budget for yourself. Knowing which horses have a leg up on the others can help you to better determine where your bets will be placed and setting up boundaries for yourself through a set budget can help you to avoid the heartache of losing money that you were not comfortable parting with.

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