The Preakness Stakes is one of the most well-known thoroughbred horse races in all of the United States. The event is always held on the third Saturday of May and is the second race needed to secure a Triple Crown.
Horse racing and sports betting go hand in hand and the Preakness Stakes is no exception. Online sportsbooks have been putting out more markets for the event each year as sports betting becomes more popular throughout the country. While enjoying the Preakness Stakes is already a fun experience on its own, you can enjoy it even more with a wager here and there.
With that being said, if this sounds like something that interests you, the first thing you need to do is register with an online sportsbook. With how popular the pastime is now, it won’t be hard to find one that suits your needs.
Preakness Stakes Betting on Sportsbetting.ag
If you’ve never touched a betting site before, Sportsbetting.ag might be the option for you. Their simplistic design makes it easy to find horse racing markets, including those for the Preakness Stakes. Whether you’re choosing the winner of the race by name or gate position, Sportsbetting.ag has you covered. There really is no limit to the different markets in this day and age.
New users can also take advantage of some of Sportsbetting.ag’s promotions. A 50% welcome bonus will match half of your initial deposit up to $1,000. You can also activate the 25% sports reload bonus. Whenever you make a deposit of at least $50, Sportsbetting.ag will match 25% up to a maximum of $250.
Preakness Stakes Betting on Bovada.lv
When you think of online sportsbooks, it’s hard not to think of Bovada. They’ve been around for quite some time now, offering a reliable and secure experience. Once you find the Preakness Stakes markets, you can hit the ground running. From head-to-head matchups to future markets, you’ll never get bored of the options in your hands.
Bovada also offers its fair share of promotions. They have their own version of a welcome bonus, except it’ll match 50% of your first deposit with a $250 limit. If you’re a Bitcoin-lover, Bovada has the sports bonus for you. Enter the code “BTCSWB750” when making your first Bitcoin deposit and Bovada will match 75% of it up to $750!
Preakness Stakes Betting on BetOnline
BetOnline offers another easy-to-use website design that’ll have you feeling at home in no time. Whether you’re into simpler bets like choosing the Preakness Stakes winner, BetOnline has you covered. However, they also offer other different markets, including how many lengths the winner is victorious by and how long it’ll take the Preakness Stakes to end.
If you’re trying to win more money early on, BetOnline has some solid promotional options. Using the code “BOL1000” when making your first deposit will see 50% of it matched up to $1,000! There’s also a 1st-time cryptocurrency bonus available. If you enjoy using BitCoin, Stellar or any number of cryptocurrencies, BetOnline will match 100% of whatever that initial deposit is!
How to Bet on the Preakness Stakes
Signing up for a sportsbook is one thing, but actually getting into betting can be another. It can be intimidating if you’ve never done it before. There are many terms or markets that may seem strange at first, but this guide is here to help you.
If you’re betting on the Preakness Stakes, you may run into some of these terms:
- Futures: Choosing the winner of the Preakness Stakes days, weeks or months in advance.
- Money line: When you have to pick the winner in a head-to-head matchup.
- Total: A number will be given and you have to choose whether or not it’ll be surpassed (OVER) or not (UNDER). When it comes to the Preakness Stakes, you may find this type of market when it relates to how many lengths the winner will win by.
- Place and Show Bets: A place bet is when you’re choosing a horse that you think will finish in first or second place. A show bet is when you’re choosing a horse to finish in the top-3.
- Prop bets: Unique bets that can vary from market to market. It can be something like guessing where the winner was bred to if any horse will win a Triple Crown in 2021.
Anything that you’re trying to bet on comes with betting odds that indicates how much you can win. If you see a positive sign (+) beside the odds, that’s how much you can win if you bet $100.
- Ex: $100 bet at +275 odds = win $275
However, if the odds have a negative sign (-), that’s how much you need to bet to win $100.
- Ex: $500 bet at -500 odds = win $500
Also, remember: the higher the odds are with a negative sign, that option is currently the betting favorite.
Preakness Stakes Betting Strategy
It’s simple: you won’t make it far in sports betting if you don’t do research. It seems like extra work, but even experts research whichever market they’re betting on. You want to know how a horse has performed before, what their history is like on certain tracks or whether or not there are any trends you should be aware of. Even the weather can play a role in things. The fact is that a little bit of research can change a modest win into a much larger one.
Second, you should also have a financial plan. Regardless of the odds, no bet is a guaranteed victory. It’s smart to only wager what you’re prepared to lose. Once you start getting the hang of things and winning some cash, increase your limit. Just remember: the best bettor is a responsible one.
Preakness Stakes Betting Frequently Asked Questions
Is there a limit to how much I can wager on the Preakness Stakes?
Yes! Different websites have different betting limits, so make sure to find their section on them or contact support for help.
Is the Preakness Stakes the only thing I can bet on?
No! Whether it’s other horse races or a completely different sport, you can wager on whichever options are available to you.
How long do I have to bet on the Preakness Stakes?
As mentioned before, the Preakness Stakes occurs on the third Saturday of May, so keep that in mind. However, sportsbooks indicate the date and time that a market closes, so you’ll have until then to place your bets.