Preakness Stakes Betting - Betting on the Preakness Stakes Horse Racing

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Preakness Stakes Betting

The Preakness Stakes is another one of the more popular horse racing events in the world. The Preakness is the second race in the Triple Crown, after the Kentucky Derby, and before the Belmont Stakes. The race is a 1.1875 mile long track, which is ran at the Pimlico Race Course in Baltimore, Maryland. While the Kentucky Derby is ran on the first weekend in May, the Preakness is ran on the third Saturday of May every year. This horse race was first ran back in 1873, and has become the second most popular horse race in the world in attendance, behind the Kentucky Derby. Betting on the Preakness Stakes, and horse racing in general has quickly become one of the most popular sports betting options out there today. The Preakness Stakes offers similar betting options to the Kentucky Derby, and we will cover each different type of bet on the Preakness Stakes.

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» Win, Place, or Show Bets

When betting on the Preakness Stakes, right off the bat the most common type of betting option that you have, is to bet on a horse to win the actual race. The odds on winning this bet will pay out very well, because you are essentially picking one horse to beat out all other 13 horses. If you don't feel comfortable betting on a horse to only win, you can do a "place" bet, which is when you are betting on a horse to either finish first or second in the race. The odds on this bet aren't quite as good, since you get two positions for the horse to finish in for you to win your bet. Last but not least, is the "show" bet, which is a bet where you are picking one horse to finish in either first, second, or third. The odds on this bet will be the worst out of all three bets, due to the fact that you have three different ways to win the bet.

» Quinella and Exacta Bets

This is where betting on the Preakness Stakes gets a bit interesting. In these two types of bets, you are betting on at least two horses, and how they will finish. A Quinella bet on the Preakness Stakes is when you are picking two horses to just finish in the top two places, and it does not matter which order they finish it. An Exact bet on the Preakness Stakes is just what it sounds like, a bet on two horses where you have to pick exactly what order they will finish in, 1st or 2nd. Both of the odds which will be listed on these two bets will pay out very well, and are higher than any bet listed above.

» Trifecta and Superfecta Bets

Trifecta and Superfecta bets on the Preakness Stakes give two of the highest payouts of any horse racing bet out there. In these two types of bets, you are going to be betting on more than two horses with where they will finish. A Trifecta bet is a bet on three horses, with you picking their exact finishes in the top three; and a Superfecta bet is a bet on four horses, with you picking their exact finishes in the top four. Both of these bets can be incredibly tough to hit, but if you are able to connect on one, it will pay out incredibly nicely.