Upcoming Match-ups
  • Track the current Preakness Stakes odds for the most talked-about horses competing at the 149th edition on May 18th, 2024
  • At 5/2, Kentucky Derby winner Mystik Dan is the current favorite at the 149th Preakness Stakes, followed by Catching Freedom (6/1) and Imagination (6/1)
  • View which trainers and jockeys have had the most success at Pimlico Race Course

The 149th running of the Preakness Stakes is scheduled to take place at the historic Pimlico Race Course in Baltimore, MD, on Saturday, May 18th, 2024.

We’ve been tracking the Preakness Stakes odds for every fleet-footed thoroughbred since they became available. The main graph on this page has been generated by calculating the average from our most trusted racebooks.

The opening favorite is the Bob Baffert-trained horse Muth, at +350. Prior to his win at Churchill Downs, Kentucky Derby winner Mystik Dan was getting +4500 to win the Preakness Stakes, but is now getting +250 days before the race.

2024 Preakness Stakes Odds

Horse Odds
Mystik Dan +250
Catching Freedom +600
Imagination +600
Tuscan Gold +800
Seize the Grey +1500
Just Steel +1500
Uncle Heavy +2000
Mugatu +2000
Muth SCR

Odds as of May 15th, 2024 at TwinSpires.


Get a $400 Bonus When You Sign Up at TwinSpires with Promo Code SBD!




The top four Preakness Stakes favorites are Muth, Fierceness, Sierra Leone, and Forever Young.

Notes on the 2024 Preakness odds movement in the build-up to the race include:

  • [May 17] With a forecast of rain set to hit Pimlico, odds are unchanged with just a day to go before the Preakness Stakes. Mystik Dan, who ran well in the mud at the Southwest Stakes on February 3rd, remains the favorite at +250.
  • [May 15] Preakness favorite Muth has been scratched! After developing a fever not long after arriving at Pimlico, the Bob Baffert-owned horse was removed from the 149th Preakness this Saturday. This opens the door wide open for Derby winner Mystik Dan to take the next step towards winning the Triple Crown. Mystik Dan remains as a +250 favorite on the morning of May 15th.
  • [May 13] The nine horses participating in the Preakness have been announced & it’s Muth who opens as the favorite at +160. This is the first time since 2012 that the winner of the Kentucky Derby has not opened as the Preakness favorite. However, Derby winner Mystik Dan is right behind Muth, with odds at +250.
  • [May 9] In the days following the Kentucky Derby, trainers for derby participants Forever Young, Resilience, Sierra Leone, and T O Password have all announced their horses will skip the Preakness. There’s sure to be an odds shakeup following the post announcement next Monday.
  • [May 4] The second Preakness Stakes futures pool closed the day before the 2024 Kentucky Derby, with Bob Baffert’s Muth listed as the 7/2 favorite.
  • [Mar 2] At +250, Nysos is the earliest of favorites in the first Preakness Stakes futures pool, followed by Sierra Leone (+1400) and Dornoch (+1800).

Preakness Stakes Top Contenders

Preakness Stakes Post Position

Horse Post Position Odds
Mugatu 1 +2000
Uncle Heavy 2 +2000
Catching Freedom 3 +600
Muth 4 SCR
Mystik Dan 5 +250
Seize the Grey 6 +1500
Just Steel 7 +1500
Tuscan Gold 8 +800
Imagination 9 +600

The shortest distance to the finish line is post position 1 on the rail. It can be an advantage but also leave less space to maneuver.

For those betting on history, it’s worth knowing that historically, a horse in the 6 spot has won the most Preakness Stakes. Since 1909, 16 times has a horse won the Preakness from position 6. Horses drawn in the 4 and 7 spots have won a total of 14 times each.

Last year, National Treasure won from Post Position #1.

Preakness Stakes Bets You Can Make

  • Win bet
  • Place bet
  • Show bet
  • Exacta
  • Trifecta
  • Superfecta

Win, Place & Show Preakness Stakes Bets

The three main types of horse racing bets you can make for the Preakness Stakes will be win, place and show bets.

A win bet is pretty straightforward. If you bet on a horse to win they need to finish in first place.

If you bet on a horse to place, the payout will be smaller, but they can finish in the top two.

A bet on a horse to show means they can come in either first, second or third.

Exacta, Trifecta & Superfecta Preakness Stakes Bets

The parlays of horse betting are the exotic bets that often include exactas. trifectas and superfectas.

In an exacta, you’re picking two horses that need to both finish in the top two in exact order.

A trifecta is picking three horses to finish in the top three in a certain order. And finally, a superfecta is picking four horses to finish in the top four in the correct order.

You are also able to “box” any of these options where they can finish in top two, three or four in any order.

Preakness Stakes Online Betting

If you’re looking to bet on the Preakness Stakes online luckily you have several options as many different racebooks will offer odds for this Triple Crown event.

Your best bets would be TVG, TwinSpires, and DRF Bets.

Here you will find odds for all of the week’s biggest races leading up to the Preakness Stakes. These horse racing betting sites will often offer special promotions leading up to the race during the week for new customers.

You’ll be able to check the morning line earlier in the week for Preakness Stakes odds. However, because of pari-mutuel wagering, you won’t find fixed odds to bet on and they will change based on the amount bet into the overall pool.

Preakness Stakes Trends to Keep in Mind:

  • 23 horses have won both the Kentucky Derby and Preakness Stakes.
  • 13 horses have won the Kentucky Derby, Preakness Stakes, and Belmont Stakes.
  • Since 2000, no horse had won the Preakness after finishing worse than sixth in the Kentucky Derby. That changed in 2019 when War of Will finished 7th in the Derby and won the Preakness. In 2021 Rombauer didn’t even run in the Derby.
  • Since 2000, eight horses have won the Preakness after winning the Kentucky Derby, but only two have won the Triple Crown.
  • Only one jockey has won back-to-back Preakness Stakes since 1997. That came in 2014 and 2015, when Victor Espinoza won with California Chrome and American Pharoah.
  • A Bob Baffert-trained horse has only won two of the last eight Preakness Stakes, but three of the last nine.
  • A winner in 2022 with Early Voting, trainer Chad Brown was a winner again for the first time since 2017.

Recent Preakness Stakes Winners

Year Horse Jockey Trainer Time
2023 National Treasure John R. Velazquez Bob Baffert 1:55.12
2022 Early Voting Jose L Ortiz Chad C Brown 1:54.54
2021 Rombauer Flavien Prat Michael W McCarthy 1:53.62
2020 Swiss Skydiver Robby Albarado Kenneth McPeek 1:53.28
2019 War of Will Tyler Gaffalione Mark E. Casse 1:54.34
2018 Justify Mike Smith Bob Baffert 1:55.93
2017 Cloud Computing Javier Castellano Chad Brown 1:55.98
2016 Exaggerator Kent Desormeaux J. Keith Desormeaux 1:58.31
2015 American Pharoah Victor Espinoza Bob Baffert 1:58.46
2014 California Chrome Victor Espinoza Art Sherman 1:54.84
2013 Oxbow Gary Stevens D. Wayne Lukas 1:57.54
2012 I’ll Have Another Mario Gutierrez Doug O’Neill 1:55.94

National Treasure’s win last year was not one of the fastest Preakness Stakes wins in recent years. His time of 1:55.12 was slower than each of the past four previous winners.

Rombauer’s winning time of 1:53.62 in 2021 was the second-fastest winning time since Curlin’s win in 2007. Curling won with a time of 1:53.46. The fastest time during that stretch was 2020, when Swiss Skydiver won the Preakness Stakes with a time of 1:53.28.

Only one jockey in the past 11 years has managed to win the Preakness Stakes twice. That was Victor Espinoza who won with California Chrome in 2014 and American Pharoah in 2015.

John R. Velazquez’s win last year riding National Treasure was his first Preakness win, after previous wins at the Kentucky Derby (2011, 2017, 2020) and Belmont (2007, 2012).

As for the trainers, there’s only one who has been part of the winning team more than once in recent years. Legendary trainer Bob Baffert has won the Preakness Stakes eight times since 1997, with four of those wins coming since 2010.


Get a $500 No Sweat First Bet at FanDuel Racebook!
Must be 21+. FanDuel Racebook available in AR, CA, DE, FL, ID, MN, MT, ND, NH, NM, OR, RI, SD, WA.



Trainers with the Most Preakness Stakes Wins

Following National Treasure’s win in 2023, Bob Baffert now holds the record for Most Trainer Wins at the Preakness Stakes with eight. Hall of Fame trainer R. Wyndham Walden now holds second-place with seven all-time Preakness Stakes wins.

Baffert has been a mainstay in the Preakness Stakes conversation since his first win in 1997. That came with Silver Charm, who was the first horse to win the $1,000,000 purse. Previously, the prize was set at $750,000.

Baffert would win again the very next year with Real Quiet before back-to-back years in 2001 and 2002, with Point Given and War Emblem.

It took another eight year before Baffert’s fifth win 2010 with Lookin At Lucky. However, wins #6 and #7 came shortly after, in 2015 with American Pharoah and 2018 with Justify, where both horses would go on to complete the Triple Crown.

Jockeys with the Most Preakness Stakes Wins

Eddie Arcaro won more American classic races than any other jockey in history and finished atop the earnings leaderboard six times from 1940 to 1958.  His record of six Preakness Stakes titles is unlikely to ever be matched anytime soon. Pat Day came the closest with five wins, his last coming in 1996 on Louis Quatorze.

Victor Espinoza has three wins, and won back-to-back in 2014 and 2015 riding California Chrome and American Pharoah. But there’s a been a different winning jockey in each of the past six Preakness Stakes, though some have won multiple times during their careers.

Espinoza and Day are the only jockeys to win in back-to-back years in the past 70 years. The next jockey to do so? That would be the aforementioned Arcaro, winning in both 1950 (Hill Prince) and 1951 (Bold).

Last year, John R. Velazquez was a first-time Preakness winner with National Treasure.

Robby Albarado found himself in the winner’s circle in 2020 riding Swiss Skydiver. It was the first time he rode a winning horse in the Preakness Stakes since he rode Curlin in 2007.



Archived Preakness Stakes odds: 2023, 2022, 2021, 20202019

Author Image

With a background in content marketing, literature, and design, Ian has been bringing a little bit of everything to SBD since 2021. In addition to having penned articles for Eighty-Six Forever, Ian can and will talk your ear off over almost any sport you can think of.