2022 Preakness Stakes Betting Guide – Best Sites, Markets And Tips

This year’s highly-anticipated Preakness Stakes is fast approaching and the Preakness Stakes betting is heating up. All the top horse betting sportsbooks in the country have begun offering lines covering this competition and, throughout this guide, we’ll list the top providers of the best odds.

Apart from explaining how you can start betting on Preakness Stakes, this guide will list generous sign-up bonuses that you can claim when you register an account. We will also explain how you can bet on Preakness Stakes betting sites using cryptocurrency.

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    Preakness Stakes 2022 Race Information

    • 🏇 Race: Preakness Stakes 2022
    • 📅 Date: Saturday, May 15, 2022
    • ⏰ Time: 2.00 pm ET
    • 🏟️ Location: Pimlico Race Course, Baltimore, Maryland, US
    • 📺 TV Channel: NBC Sports
    • 🎲 Favorite: Epicenter +250

    Top Preakness Stakes Sportsbooks

    Here are the top 10 best sites for betting on Preakness Stakes participants as chosen by our panel of experts:

    • BetUSBest Preakness Stakes Betting Site Overall.
    • BovadaOne of the Best Sites for Live Betting.
    • BetOnlineStart Betting on Preakness Stakes with a Top Bonus.
    • MyBookie – One of the Best Preakness Stakes betting Sites for Great Odds.
    • XBet – A Favorite 2022 Preakness Stakes Betting Site for Beginners.
    • Sportsbetting.ag – Claim High-Value Rebates on Horse Race Bets.
    • Everygame – A Top Site for Betting on Preakness Stakes with eWallets.
    • Betanysports – Bet on Preakness Stakes Using Mobile Apps.
    • BUSR – Offers Extensive Preakness Stakes Tips.
    • GTBets – Fast Payouts with Cryptocurrencies.

    The Best Preakness Stakes Betting Sites Reviewed

    1. BetUS – Best Preakness Stakes Betting Site Overall

    BetUS TV

    BetUS is the top site for Preakness Stakes betting according to our team of experts. For over 25 years, this top US sportsbook has been offering early and competitive odds for this and other popular horse races. Its range of markets includes both standard and exotic and it provides many bet types such a parlays. Overall, it is one of the most user-friendly operators we’ve encountered.

    One of the reasons for BetUS’ ranking is its exclusive commentary and analysis channel. BetUS TV broadcasts live throughout the US and offers extensive guidance and advice on betting on Preakness Stakes and other highly-contested races. This streaming service is available for free to all registered users.

    Choice of Preakness Stakes Bets

    As we are writing this guide on Preakness Stakes online betting, BetUS has released a series of futures to bet on. All bets have action and you can place or request odds on all contenders. The full range of line and exotic bets will be available on race day.

    Bonuses & Promos

    If you place your first deposit using cryptocurrency, you’ll be able to claim a 200% match of up to $2,500. This offer is split, with 150% of it eligible for horse races and sports betting, and the remaining 50% suitable for casino games. Enter promo code JOIN200 to claim this offer today.

    You can find USD welcome offers in our BetUS promo codes guide.

    Pros:

    • 24/7 sports commentary on BetUS TV
    • An extensive range of standard and exotic bets
    • Competitive Preakness Stakes odds
    • Pay in USD or cryptocurrency

    Cons:

    • Lower match bonus for USD payments

    2. Bovada – One of the Best Sites for Live Betting

    Bovada preakness stakes

    Bovada is a renowned live betting racebook and sportsbook that offers a selection of pre-game and in-play bonuses. Betting on the Preakness Stakes using this platform is easy and quick, especially if you use the dedicated Android or iOS mobile apps. In any case, you’ll be able to find some of the best odds whilst taking advantage of great bonuses and offers.

    When using Bovada, you can choose to deposit using either USD or cryptocurrency. By paying with Bitcoin or any other supported cryptocurrency, you can benefit from a higher-value welcome bonus as well as higher payment limits.

    Choice of Preakness Stakes Bets

    So far, Bovada has released i4ts Preakness Stakes futures odds, but on race day, you can expect to find a selection of standard and exotic wagers. Some of the most popular ones will include Exacta, Trifecta, and Win bets.

    Bonuses & Promos

    There are several Bovada promo codes that you can claim as a new player. If you’re planning to fund your account using cryptocurrency, you can benefit from a 75% match bonus worth up to $750. To activate this offer, enter promo code BTCSWB750 with your first deposit.

    Pros:

    • Download the Android or iOS apps
    • Early Preakness Stakes futures odds available
    • Pay in USD or cryptocurrency
    • A user-friendly racebook

    Cons:

    • No specific horse racing rebates available

    3. BetOnline – Start Betting on Preakness Stakes with a Top Bonus

    BetOnline Sign Up Crypto Bonus

    BetOnline is one of the sharpest sportsbooks in the US and, as a result, it was one of the first platforms to offer futures on Preakness Stakes. Whilst the line and exotic bets are still not out, you will be able to access them on this site before many others.

    This is the second Preakness Stakes racebook on our list that has been operating in the US for over 25 years. Within this time, BetOnline has built a reputation for delivering a superb customer experience, including 24/7 support and timely payouts. It is also one of the best high-limit sportsbooks in the country and can support Bitcoin deposits of up to $500k.

    Choice of Preakness Stakes Bets

    The selection of pre-game Preakness Stakes odds on BetOnline is currently limited to futures and fixed odds. As race day approaches, this platform will increase its selection to include all popular standard and exotic markets.

    Bonuses & Promos

    New players who sign-up today can claim a variety of BetOnline promo codes to receive match bonuses and other offers. One of the most popular bonuses consists of a 50% match of up to $1,000. This offer is only available for your first deposit and can be claimed using promo code BOL1000.

    Pros:

    • The first US online sportsbook to offer Preakness Stakes futures odds
    • An established and reputable racebook and sportsbook
    • Several USD and crypto welcome offers to choose from
    • Competitive odds across all thoroughbred horse races

    Cons:

    • No Android or iOS apps available

    4. MyBookie – One of the Best Preakness Stakes betting Sites for Great Odds

    mybookie bonus offers

     

    MyBookie is another reputable US sportsbook that is known for offering some of the best odds for horse races. Even though this platform was not as quick as BetUS and others to feature its Preakness Stakes futures, it has quickly caught up and is now amongst the leading platforms for competitive odds.

    There are several MyBookie promo codes that will reward you with ongoing bonuses, including a no-deposit bonus in the form of a referral offer. If you successfully refer a friend, you’ll receive a bonus equal to 200% of their first deposit up to a value of $200. By taking advantage of this offer, you’ll have an added bonus to use on eligible Preakness Stakes markets.

    Choice of Preakness Stakes Bets

    Like the majority of other sites on our list, MyBookie is currently offering Preakness Stakes futures. As race day approaches, you will also be able to find a selection of other bets, including win, place and show.

    Bonuses & Promos

    MyBookie is currently offering all new players the opportunity to claim a 50% welcome bonus worth up to $1,000. To claim this offer, enter promo code MYB50 with your first deposit, no matter if you’re using USD or cryptocurrency.

    Pros:

    • Rebates on eligible horse race markets
    • Get a welcome bonus of up to $1,000
    • Mobile-friendly racebook
    • Part of an experienced sportsbook operator

    Cons:

    • Relatively slow to offer Preakness Stakes futures odds

    5. XBet – A Favorite 2022 Preakness Stakes Betting Site for Beginners

    XBet Preakness Stakes 2022 Odds

    XBet is provided by the same sportsbook operator that is responsible for MyBookie. It is, therefore, not a surprise that the two user interfaces are very similar. However, the XBet racebook and sportsbook include apps for both Android and iOS devices, and as a result, this site is considered to offer a more user-friendly experience than its sister site.

    Just like MyBookie and other top US sportsbooks, XBet supports payments in both USD and cryptocurrency. It also provides 24/7 live chat support as well as Preakness Stakes betting guides and tips. There are also several XBet promo codes that you can claim as both a new and existing user.

    Choice of Preakness Stakes Bets

    Both straight and exotic bets will be available by race day on XBet. As we are writing this guide, available odds are limited to futures.

    Bonuses & Promos

    The XBet welcome bonus consists of a 50% match bonus worth up to $500. To activate this offer, enter promo code XBET50 with your first deposit. Whilst this bonus has a relatively small value, it comes with very reasonable terms, including a 7x wagering requirement and a minimum deposit of $45.

    Pros:

    • Bet on the website or through its mobile apps
    • An easy user interface that is ideal for beginners
    • Horse racing rebates of up to 7%
    • Competitive Preakness Stakes futures odds

    Cons:

    • Smaller payment limits when compared to BetOnline

    Signing Up to a Preakness Stakes Sportsbook

    In this section of our Preakness Stakes betting guide we’ll explain how you can join our featured sportsbooks and place a bet on your favorite horse or market.

    We’re using BetUS in this example as we’ve found it to be the best site for betting on Preakness Stakes. By joining today, you can claim a 200% crypto welcome bonus worth up to $2,500.

    Step 1: Register an Account

    Visit the BetUS website and click on ‘Join’ to begin your account registration. You will be asked to enter your personal information, including a valid email address and mobile number.

    Register a BetUS Account

    Step 2: Verify Your Email Address

    You will automatically receive an email from BetUS to verify your account details and confirm that you’ve entered the correct email address. Click on the link found in the email to complete this step.

    Step 3: Place a Deposit

    Back on the BetUS website, you’ll be invited to place your first deposit. Click on your preferred payment method and enter the payment details as indicated on-screen. Remember to include the promo code that you wish to use.

    Enter JOIN200 to receive a 200% match of up to $2,500. This offer is only valid for crypto deposits and is split, with 150% that can be used on Preakness Stakes betting odds and 50% suitable for casino games. You can check out other available offers on our BetUS promo codes page.

    BetUS Make a Payment

    Step 4: View Preakness Stakes Options

    With your first deposit complete, you can proceed to view the latest Preakness Stakes betting odds table. Click on ‘Racebook’ on the top navigation bar and search for the Preakness Stakes odds to find available markets.

    BetUS Racebook

    Step 5: Place Your First Preakness Stakes Bet

    Choose your preferred market and click on it. This will open a page with relevant bets and a corresponding Preakness Stakes betting odds table. Click on the applicable line and enter the amount you wish to bet or potentially win on the bet slip. Finally, click on ‘Place My Bets’ to complete your first wager.

    Top Preakness Stakes Betting Markets

    All the Preakness Stakes betting sites listed in this guide offer an extensive choice of standard and exotic bets. Let’s have a look at some of the most popular ones.

    Standard

    Win Bet

    This is the easiest form of Moneyline betting. To win this bet, all you need to do is correctly predict which horse will win the Preakness Stakes.

    Example: Early Voting to win Preakness Stakes 2022 @ +600.

    Place Bet

    Place bets allow you to select a horse and bet that it will finish in either first or second place. As a result, it is easier to win this bet rather than a win bet.

    Example: Secret Oath to place in the Preakness Stakes 2022 @ $4.30.

    Show Bet

    Show bets are similar to place bets as you’ll win the bet as long as your chosen horse finished either first, second, or third. Such bets are very popular throughout all top horse race betting sites.

    Example: Simplification to show in the Preakness Stakes 2022 @ $11.50.

    Double Bet

    A double bet combines two outright bets into one and is available across all our featured parlay apps and sites. The odds of combining both bets would be higher than if you place each bet individually, but you will need to win both of them to get a payout.

    Example: Epicenter to win and Secret Oat to place in the Preakness Stakes 2022 @ 500.

    Exotic

    Exacta Bet

    This bet requires you to correctly predict both the winner and the runner-up in the correct order. This bet is harder than most standard bets, but the potential payouts are also significantly higher.

    Example: Un Ojo to win and Simplication to place second in the Preakness Stakes 2022 @ $274.60

    Quinella Bet

    If the Exacta bet sounds too difficult to win, you may wish to place a Quinella bet instead. This bet allows you to select two horses and, as long as one of them wins the race and the other comes second, you’ll win the bet.

    Example: Happy Jack and Skippylongstocking in Preakness Stakes 2022 Quinella bet @ $855.50.

    Trifecta Bet

    The Trifecta bet ups the ante and requires you to correctly predict the first three horses to finish the race in the correct order. As with many other exotic bets, you can place box bets that automatically list all the possible combinations of your chosen horses.

    Example: Epicenter, Early Voting, and Secret Oath in a Preakness Stakes 2022 Trifecta bet @ $888.35.

    Superfecta Bet

    This bet requires you to correctly name and rank the first four horses to cross the finish lines. You can use a box to give yourself plenty of Preakness Stakes betting options.

    Example: Epicenter, Early Voting, Secret Oath, and Simplification in a Preakness Stakes 2022 Superfecta bet @ $4,832.70.

    Super Hi-Five Bet

    As its name suggests, this bet requires you to correctly predict the first five races to cross the finish line in the correct order. Since this bet is quite difficult to win, the Preakness Stakes betting odds for it are incredibly favorable.

    Example: Epicenter, Early Voting, Secret Oath, Simplification, and Creative Minister in a Preakness Stakes 2022 Super Hi-Five bet @ $125,470.20.

    Preakness Stakes Bonuses and Offers

    One of the many reasons to join any of our featured Preakness Stakes betting sites is to take advantage of generous offers and promotions. Here are some of the most popular types of rewards that you’re likely to come across:

    Sign-Up Offer

    When you first join any of our recommended sites for betting on Preakness Stakes, you’ll be offered a match deposit bonus. This reward tops up the value of your deposit by a certain percentage.

    Bovada’s crypto sign-up offer, for example, provides you with a 75% match of up to $750. This means that if you deposit $500, you’ll have a bankroll worth $875 to use on your Preakness Stakes betting strategy.

    Free Bets

    Sportsbetting.ag Free Bet Horses

    You can use free bets to start betting on Preakness Stakes without using your own funds. This offer is normally available to registered users and normally requires you to place a real money wager first.

    Sportsbetting.ag is currently offering a $25 horse betting free bet to all users that have never placed a racing bet on this sportsbook. You can also find additional Sportsbetting.ag promo codes in our dedicated guide.

    Money-Back as Free Bet

    This type of bonus is similar to free bets and is oftentimes referred to as a risk-free bet. To receive this bonus, you would first need to place and lose a real money wager. When you do, the sportsbook will return your funds in the form of a free bet, normally with a 1x wagering requirement.

    BetOnline currently runs several risk-free bet offers for both pre-game and live markets. You would need to place and lose a $25 real money bet in order to qualify.

    The Preakness Stakes Favorites

    If you’re looking to start betting on Preakness Stakes 2022, you’ll probably be interested to see who the favorites are. In the table below, we’ve listed an updated collection of odds from some of the best sites for Preakness Stakes betting.

    Horse BetUS Bovada BetOnline MyBookie Xbet Sportsbetting.ag
    Epicenter +250 +250 +250 +250 +250 On Request
    Secret Oath On Request +400 +500 +500 On Request On Request
    Early Voting +650 +600 +700 +700 On Request On Request
    Simplification +750 +600 +800 +800 +800 On Request
    Smile Happy +1200 +1200 +1200 +1200 +1600 On Request
    Jack Christopher On Request On Request +1600 On Request On Request On Request
    Creative Minister +750 +400 +1600 On Request On Request On Request
    Skippylongstocking +2200 +2500 +2000 On Request On Request On Request
    Un Ojo +2500 +2500 +2500 +1600 On Request On Request

    Top Preakness Stakes Prep Races

    Entry into the Preakness Stakes is limited to just 14 horses who have previously ranked highly in other top races. Since all of these horses are top performers, Preakness Stakes betting online is extremely competitive and exciting.

    The Kentucky Derby is the final prep race. As we are writing this guide on betting on Preakness Stakes, the winner of the 2022 Kentucky Derby, Rich Strike, will not be competing in Baltimore.

    Date Trial Winning Horse Track Distance Class of Race
    May 2022 Kentucky Derby Epicenter (runner-up) Churchill Downs 10 furlongs Grade I
    May 2022 Kentucky Derby Secret Oath (third place) Churchill Downs 10 furlongs Grade I
    April 2022 Wood Memorial Early Voting (runner-up) Aqueduct Racetrack 9 furlongs Grade II
    May 2022 Kentucky Derby Simplification (fourth place) Churchill Downs 10 furlongs Grade I
    October 2021 Fall Meet Winner Keeneland 7.5 furlongs Grade I

    Top 5 Preakness Stakes Betting Tips

    Here are our best Preakness Stakes betting tips to help you make the most out of your wagering experience:

    1. Get Acquainted with the Platform

    Don’t leave sportsbook registration and familiarization to the day of the races. Sign-up to one of our featured sites for betting on Preakness Stakes today to know how to claim bonuses, deposit funds, and place bets beforehand.

    2. Research Expert Picks

    Doing your own research can greatly help improve your Preakness Stakes betting strategy. However, it doesn’t hurt to check what punters and experts are listing as their Preakness stakes picks to win, place, or show.

    3. Take Advantage of Sportsbook Bonuses

    Through this Preakness Stakes betting guide we’ve listed a variety of bonuses that you can claim as a new or existing player. By using these bonuses, you can reduce your overall risk or be able to hedge your bets by taking advantage of different markets.

    4. Combine Standard and Exotic Bets

    Many players that are betting on Preakness Stakes for the first time tend to stick to standard bets. However, given the potential payouts of exotic wagers, you should not discount these altogether. Wining one exotic bet can payout multiple times what you could win from standard ones.

    5. Look for the Best Odds

    Part of our Preakness Stakes betting advice is to open accounts with multiple sportsbooks. Doing this will allow you to access multiple bonuses as well as find the best odds for the specific markets that you’re looking to bet on.

    Previous Preakness Stakes Winners

    Here are the Preakness Stakes betting results from previous years:

    Year Winning Horse Jockey Trainer Time
    2021 Rombauer Flavien Prat Michael W. McCarthy 1:53.62
    2020 Swiss Skydiver Rory 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

    Interesting Preakness Stakes Statistics

    The first edition of the Preakness Stakes was held all the way back in 1873. Since then, this popular competition has offered audiences all sorts of surprises and shocks. Here are some of the most notable Preakness Stakes betting results and trivia:

    • The Preakness Stakes is the second leg in the so-called Triple Crown. The Kentucky Derby and the Belmont Stakes make up the first and third legs.
    • After two consecutive years where the race’s purse decreased in value, the 2022 edition will see a prize pool worth $1.5 million. The winner will take 60% of this prize, equal to approximately $112,500.
    • 13 horses have won the Triple Crown since 1919. Justify won the last Triple Crown to date in 2018.
    • The Preakness Stakes is held at the Pilmico Racecourse in Baltimore. It is 13/16-mile or 9.5 furlongs in length.

    Betting on Preakness Stakes on Mobile

    You can enjoy Preakness Stakes betting online directly from your mobile device using either a mobile-optimized website or by downloading a mobile app. Betting apps are available, in one form or another, from all our featured Preakness Stakes betting operators.

    Bovada Preakness Stakes Odds Mobile

    Mobile apps and sites provide the same range of markets and odds, as well as the same bonuses and rebates. Top sites, including XBet and Bovada, offer dedicated Android and iOS apps that allow you to carry out Preakness Stakes online betting quicker and in a more convenient manner.

    How to Bet on the Preakness Stakes In-Person

    Apart from enjoying Preakness Stakes online betting using any of our recommended sites, certain states allow you to place in-person bets. New York sportsbooks, for example, allow retail betting at numerous licensed facilities across the state.

    Iowa sportsbooks are also legally allowed to operate land-based establishments. There are currently over 15 casinos that are also licensed to offer sports bets.

    Other Useful Pages

    If you’re interested to start betting on Preakness Stakes, you may wish to look at the following guides we’ve created:

    Joining the Best Preakness Stakes Sportsbook

    Betting on Preakness Stakes is simple and fun when you use any of our recommended online racebooks. If you’re still not sure which platform is best for you, we recommend starting with BetUS. This top horse race betting site offers early and competitive Preakness Stakes betting odds along with exclusive analysis.

    By joining BetUS today, you’ll be able to claim a 200% match bonus worth up to $2,500. This crypto welcome bonus is split, with 150% of it available for Preakness Stakes bets and 50% suitable for casino games. Enter promo code JOIN200 to activate it with your first deposit.

    FAQs

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