Preakness Stakes Odds & Betting Favorites for Second Leg of Triple Crown Race
We analyze the odds for the Preakness Stakes, the second leg of the Triple Crown in U.S. thoroughbred horse racing, using the odds from top horse racing betting sites.
Every year, the Preakness Stakes are a make-or-break moment for horses with Triple Crown aspirations.
In 2024, Mystik Dan defied the odds by winning the Kentucky Derby with a long shot price of +2500. He emerged as a top contender in The Preakness, where he put up a strong fight but ultimately Seize the Grey pulled ahead to win.
Every mid-May, the historic race occurs annually, and our guide on betting on horse racing can help you prepare for it. Additionally, we provide details on the post positions for the Preakness Stakes.
Before Seize the Graey’s victory, here are the latest odds for the 2024 Preakness Stakes, as well as a look back at some betting trends for the event.
2024 Preakness Stakes odds
(Odds via FanDuel racing)
| Post | Horse | FanDuel odds | Morning Line odds |
|---|---|---|---|
| 1 | Mugatu | +2000 | 20-1 |
| 2 | Uncle Heavy | +2000 | 20-1 |
| 3 | Catching Freedom | +600 | 6-1 |
| 4 | OFF | Scratch | |
| 5 | Mystik Dan | +250 | 5-2 |
| 6 | Seize the Grey | +1500 | 15-1 |
| 7 | Just Steel | +1500 | 15-1 |
| 8 | Tuscan Gold | +800 | 8-1 |
| 9 | Imagination | +600 | 6-1 |
FanDuel Racing odds can be found in Arizona, Colorado, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, New York, Ohio, Pennsylvania, Virginia, West Virginia, and Wyoming.
This offer is exclusive to new customers who make a minimum deposit of $10. If you lose after placing your first bet up to $500 within 72 hours, you will receive the full amount back in racing credit.
How are the odds for the Preakness Stakes determined?
Track linemakers, experts tasked with establishing the initial odds for the Preakness Stakes, consider a variety of factors including past performances, jockey and trainer reputation, breeding, and recent workouts to determine each horse’s chances of winning.
In order to establish the odds, oddsmakers carefully examine a variety of data and information pertaining to each horse and its connections. This includes evaluating elements such as the horse’s racing background, speed ratings, past performance, lineage, and success on comparable track surfaces.
Furthermore, oddsmakers consider both the public’s betting trends and any relevant news or updates before the race that could affect a horse’s performance. After analyzing these factors, they determine each horse’s morning-line odds, reflecting their prediction of the horse’s likelihood of winning the race.
The initial odds are a baseline for betting, but they may fluctuate depending on the betting activity and any new developments before the race.
Which horse won the Preakness Stakes and what were the odds of their victory?
| Year | Horse | Post Position | Odds |
|---|---|---|---|
| 2023 | National Treasure | 1 | 4-1 |
| 2022 | Early Voting | 5 | 5-1 |
| 2021 | Rombauer | 6 | 12-1 |
| 2020 | Swiss Skydiver | 4 | 11-1 |
| 2019 | War of Will | 1 | 4-1 |
| 2018 | Justify | 7 | 1-2 |
| 2017 | Cloud Computing | 2 | 12-1 |
| 2016 | Exaggerator | 5 | 3-1 |
| 2015 | American Pharoah | 1 | 4-5 |
| 2014 | California Chrome | 3 | 3-5 |
Preakness Stakes 2024 FAQs
Which horse was the favorite for the 2024 Preakness Stakes?
Mystik Dan is the top choice at 5-2 odds to win the Preakness Stakes, giving him a 28.57% chance of winning. A $10 bet on Mystik Dan would result in a $25 profit if he wins.
Which horse emerged victorious in the 2024 Preakness Stakes?
Seize the Grey defied the odds as a +1500 long shot to win the 2024 Preakness Stakes.
Tips on reading Preakness Stakes odds
Frequently, horse racing betting sites display odds in fractional format, such as a 3-1 favorite or a 50-1 underdog. If you want to convert these fractional odds to American or decimal odds, you can utilize our convenient and free odds converter.
What are the options for betting on the Preakness Stakes?
TwinSpires reports that residents in the following states are legally allowed to bet on horse racing. Also, be sure to take advantage of our FanDuel Racing promo code.
Pages displaying the betting odds for horse racing
| Kentucky Derby Odds | Preakness Stakes Odds | Belmont Stakes Odds |
| Kentucky Derby Post Position | Preakness Stakes Post Position | Belmont Stakes Post Position |
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Related pages
- Top Sports Betting Websites | Greatest Promotions Available (U.S. Exclusive)
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