The Preakness is one of the most anticipated races in the Triple Crown. It’s known as the “second jewel of the Triple Crown,” and it’s held just a few days after the Kentucky Derby. The stakes are high, and that means bettors need to be prepared with as much information as possible before finalizing their bets on this race.
If you’re thinking about placing a bet on this intense spectacle, keep reading to learn everything you need to know about The Preakness Stakes and the betting options that are available to you. The more that you know about this famous race, the better chance you have of landing successful bets.
Where and when is the next Preakness Stakes?
The next Preakness Stakes will take place on Saturday, May 20th, 2023 at the Pimlico Race Course in Baltimore, Maryland. This is a one-day event, and it is scheduled to run from 6:30 PM until 8:30 PM. Pimlico is a historic track located just a few miles away from downtown Baltimore.
This is a smaller race track, so the seating is general admission, meaning you’ll have to arrive early to claim a good viewing spot. The Preakness Stakes is scheduled to take place on a weekend, but it’s worth noting that there are no events taking place at Pimlico on the Friday before the race.
How much does it cost to bet on the Preakness Stakes?
The cost of your wager will depend on which online sportsbook you choose to bet with. Most online sportsbooks will offer standard bets, like win, place, and show, along with exotic bets like exactas and trifectas.
Exactas are a one-two wager, meaning you’ll select the first-place and second-place finishers. Trifectas are a one-three wager, where you’ll select the first-place, second-place, and third-place finishers.
Depending on how much you bet, you could win anywhere from a few hundred dollars to thousands of dollars! The good news is that you can get started with a really small wager. Because it’s the second leg of the Triple Crown, the Preakness Stakes is always a very high-stakes event.
The History of the Pimlico Race course
The Pimlico Race Course is one of the oldest venues in the world to hold horse races. It first opened its doors in 1870, making it one of the oldest thoroughbred racetracks in North America. It’s also the only racetrack in the United States to host the Preakness Stakes on the first Saturday of May every year.
Pimlico was originally built in the city of Baltimore, Maryland, but it was moved to a different location in the city in 1911. It was relocated to its current location in Northern Baltimore in the late 1980’s. Pimlico is one of the most historic racetracks in the world, making it the perfect place to host the Preakness Stakes every year.
What’s the format of the Preakness Stakes?
The Preakness Stakes is a one-mile race, that is run on a dirt track. It’s a Grade 1 stakes race, meaning it’s the most prestigious race in that particular race category. The race is worth $1.5 million in total prize money, and the first-place finisher will walk away with $800,000. The race is run over a distance of one mile and three-sixteenths.
The Preakness Stakes is a “stealer” type of race, meaning the fastest horse is most likely to win the race. There are, however, some jockeys who specialize in stealing the Preakness. Whichever horse comes in first at the end of the race will walk away with the Black-Eyed Susan Trophy for the third jewel in the Triple Crown.
Proven strategies for betting on the Preakness Stakes
If you’re looking to place a bet on the Preakness Stakes, here are a few strategies you can use to help increase your chances of winning big. First, make sure you do your research. If you don’t know anything about the horses in the race or the people riding them, you’ll have a hard time placing winning bets.
Next, be sure to diversify your bets. Don’t put all of your money on one horse, and don’t put all of your money on the same types of bets. Mix things up, and you’ll maximize your chances of winning big. You can even try a “bet without” type of wager.
Finally, stick to the basics. win, place, and show are the most common types of bets you’ll see offered. Exacta and trifecta bets are more advanced and should be reserved for more experienced betters. Getting an exacta or trifecta bet to land takes a lot of skill or sometimes just pure luck!
Is it worth betting on the Preakness Stakes?
Ideally, you’d want to place a bet on the Preakness Stakes in the days leading up to the race. This way, you’ll have more time to research the horses and jockeys and find the best betting options for you. We recommend that you spend as much time as you can researching the runners and riders as this will increase your chances of successful bets.
The closer you get to the race, the more likely it is that people will start to place massive bets on their favorite horses, meaning you may have a harder time finding good odds for your bets. Some people will bet thousands on this race which will really skew the odds. If you’re looking for an exciting event to bet on, the Preakness Stakes is the perfect place to start!
This is one of the most exciting races of the year, and you’ll definitely have a great time watching it unfold from the comfort of your own home. Find an online bookmaker that will offer you a wide range of different bets for the Preakness Stakes so that you have plenty of options.
