Betting Guide
2024 Preakness Stakes Odds
2024 Preakness Stakes
By TVG Staff
Updated May 17, 2024
The flagship race of the Pimlico Race Course meet, the Preakness Stakes will be run on Saturday, May 18. The race goes 1 3/16 miles on the dirt track, and is open to three-year-old colts, geldings, and fillies. The purse is a soaring $2 million, up from the $1.5 million base of previous years, and the winner not only earns a big payday but also a place in horse racing history.
For bettors, the Preakness presents one of the most interesting challenges of the year. And the race got even more challenging Friday morning with the scratch of one of the favorites, original morning-line second choice First Mission, who was removed from the race Friday morning due to a left hind ankle issue.
Preakness Stakes Contenders
The Preakness Stakes was drawn on Monday, May 13, and drew a field of nine runners, though only eight are expected to run with the Wednesday-morning scratch of Muth, who spiked a fever. Three of them come out of the Kentucky Derby, including Mystik Dan, who rallied up the rail and held to win the Run for the Roses by a thrilling nose. The two others coming in from the first jewel of the Triple Crown include fourth-place Catching Freedom and 17th-place Just Steel.
The scratch of morning-line favorite Muth leaves five of the new faces in the field. The ones likely to take the most betting interest include Imagination, the one Bob Baffert trainee remaining in the race, as well as Tuscan Gold, the third-place finisher behind Catching Freedom in the Louisiana Derby (G2).
2024 Preakness Stakes Odds Updates
This is the official field for the Preakness Stakes including post positions, trainers, jockeys, and morning-line odds released by Pimlico Race Course.
| Post | Horse | Trainer | Jockey | ML |
|---|---|---|---|---|
| 1 | Mugatu | Jeff Engler | Joe Bravo | 20-1 |
| 2 | Uncle Heavy | Robert Reid, Jr. | Irad Ortiz, Jr. | 20-1 |
| 3 | Catching Freedom | Brad Cox | Flavien Prat | 7-2 |
| 4 | Muth | Bob Baffert | Juan Hernandez | SCR |
| 5 | Mystik Dan | Kenny McPeek | Brian Hernandez, Jr. | 8-5 |
| 6 | Seize the Grey | D. Wayne Lukas | Jaime Torres | 12-1 |
| 7 | Just Steel | D. Wayne Lukas | Joel Rosario | 12-1 |
| 8 | Tuscan Gold | Chad Brown | Tyler Gaffalione | 9-2 |
| 9 | Imagination | Bob Baffert | Frankie Dettori | 3-1 |
2024 Preakness Stakes Futures Odds
Before the race is drawn and morning lines are assigned, future wagering odds can provide a picture of how odds on horses may shape up. The Maryland Jockey Club offered two official Preakness futures, including one that closed right before the Kentucky Derby. In addition, sportsbooks also offer futures. Since these sportsbook futures are ongoing, they can provide a glimpse into how Preakness wagering may settle.
Preakness Stakes Future Wager
Pimlico expanded its Preakness Future Wager offerings this year. In 2023, the debut of the wager, it offered one pool in the days leading into the Kentucky Derby. In 2024, it offered both that pool and an earlier one open February 29 through March 2. With the pre-Derby pool closed, that one is going to be far more informative about, at least, relative odds of some horses.
Keep in mind that odds on some horses may shift, especially ones who ran well Kentucky Derby weekend like Derby winner Mystik Dan and Pat Day Mile (G2) winner Seize the Grey. However, especially with the new shooters, it can shed some light on who may be more heavily bet than others.
These are the odds from the second Preakness Future Wager pool, which closed about an hour before the Kentucky Derby, for horses who are entered to run in the Preakness.
| Post | Horse | Trainer | Jockey | Pool 2 odds |
|---|---|---|---|---|
| 1 | Mugatu | Jeff Engler | Joe Bravo | n/a* |
| 2 | Uncle Heavy | Robert Reid, Jr. | Irad Ortiz, Jr. | 99-1 |
| 3 | Catching Freedom | Brad Cox | Flavien Prat | 14-1 |
| 4 | Muth | Bob Baffert | Juan Hernandez | 7-2** |
| 5 | Mystik Dan | Kenny McPeek | Brian Hernandez, Jr. | 45-1 |
| 6 | Seize the Grey | D. Wayne Lukas | Jaime Torres | 25-1 |
| 7 | Just Steel | D. Wayne Lukas | Joel Rosario | 35-1 |
| 8 | Tuscan Gold | Chad Brown | Tyler Gaffalione | 17-1 |
| 9 | Imagination | Bob Baffert | Frankie Dettori | 17-1 |
Preakness Stakes Sportsbook Futures
Since morning-line odds are not a guarantee of what you’ll actually see on the third Saturday in May, Preakness futures odds at international sportsbooks can also provide a clue about who bettors may think will be the Preakness winner. These tend to open soon after the Kentucky Derby. They are liable to fluctuate as horses train toward the race and the field takes final shape, but they can provide betting clues.
As of May 15, after the defection of Muth, these are best prices in overseas sportsbooks as cited on OddsChecker.
| Post | Horse | Trainer | Jockey | Odds |
|---|---|---|---|---|
| 1 | Mugatu | Jeff Engler | Joe Bravo | 35-1 |
| 2 | Uncle Heavy | Robert Reid, Jr. | Irad Ortiz, Jr. | 14-1 |
| 3 | Catching Freedom | Brad Cox | Flavien Prat | 7-2 |
| 4 | Muth | Bob Baffert | Juan Hernandez | SCR |
| 5 | Mystik Dan | Kenny McPeek | Brian Hernandez, Jr. | 2-1 |
| 6 | Seize the Grey | D. Wayne Lukas | Jaime Torres | 12-1 |
| 7 | Just Steel | D. Wayne Lukas | Joel Rosario | 9-1 |
| 8 | Tuscan Gold | Chad Brown | Tyler Gaffalione | 4-1 |
| 9 | Imagination | Bob Baffert | Frankie Dettori | 4-1 |
Preakness Stakes Race Day Odds
On May 18, the Preakness Stakes live odds will be calculated by the pari-mutuel system. The final odds are determined by how much is in the pool from bettors around the country divided by the number placed in wagers on each horse.
It makes sense to watch the odds in the pool on race day, since sometimes you get a better price than the morning line forecasts. For example, when War of Will went on to win the 2019 Preakness Stakes, he wasn’t the most popular, meaning his morning line odds of 4/1 became starting odds of 5/1.
Odds on the Preakness will fluctuate a lot on the pari-mutuel system as the event gets closer, especially right before the gates open, so be prepared not to know what odds you will get on your picks for the Preakness until the last moment.
Major Preakness Prep Races And Kentucky Derby Race Winner
The Preakness Stakes is the second jewel in the Triple Crown and carries immense importance, as not every horse will make the cut.
And many other top-stakes races will have also taken place in 2024, stretching back to the major Kentucky Derby preps and other important sophomore events, all of which are tough to win. The eventual Preakness winner often comes out of one of these major stakes races.
Preakness Stakes odds are partly shaped by the results of these major races, though for handicapping purposes, be sure to go back and check out how well other horses ran underneath these winners as well. After all, the winners often do not go to the Preakness, but underneath finishers may.
| Date | Race | Venue | Winner |
|---|---|---|---|
| February 17, 2024 | Risen Star | Fair Grounds | Sierra Leone |
| February 24, 2024 | Rebel Stakes | Oaklawn Park | Timberlake |
| March 2, 2024 | Fountain of Youth Stakes | Gulfstream Park | Dornoch |
| March 2, 2024 | Gotham Stakes | Aqueduct | Deterministic |
| March 2, 2024 | San Felipe Stakes | Santa Anita Park | Imagination |
| March 9, 2024 | Tampa Bay Derby | Tampa Bay Downs | Domestic Product |
| March 23, 2024 | Louisiana Derby | Fair Grounds | Catching Freedom |
| March 30, 2024 | Florida Derby | Gulfstream Park | Fierceness |
| March 30, 2024 | Arkansas Derby | Oaklawn Park | Muth |
| April 6, 2024 | Santa Anita Derby | Santa Anita Park | Stronghold |
| April 6, 2024 | Wood Memorial | Aqueduct | Resilience |
| April 6, 2024 | Blue Grass Stakes | Keeneland | Sierra Leone |
| May 4th, 2024 | Kentucky Derby | Churchill Downs | Mystik Dan |
Betting the 2024 Preakness Stakes with TVG
Our team is always on hand to offer in-depth analysis and expert Preakness Stakes picks as we head towards post time for the race.
Find out who is in the running to run down the 149th Preakness Stakes and keep it TVG for Pimlico, your trusted one-stop destination to bet on the Preakness, to the Belmont Stakes, and on horse racing all year long.
Disclaimer:TVG provides free information, odds, facts, and commentary about the Preakness Stakes and horse racing and betting, in general. Third-party marks may be referenced in a transformative, editorial, informational, nominative, critical, analytical, or comparative context. TVG may reference marks belonging to third parties pursuant to our right to engage in fair use, fair comment, statutory fair use, or trademark fair use doctrine. As such, TVG does not contribute to any dilution of any trade or service marks.
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If you don't win your first single-horse win bet. Bet the Preakness!By TVG Staff
Updated May 17, 2024
The flagship race of the Pimlico Race Course meet, the Preakness Stakes will be run on Saturday, May 18. The race goes 1 3/16 miles on the dirt track, and is open to three-year-old colts, geldings, and fillies. The purse is a soaring $2 million, up from the $1.5 million base of previous years, and the winner not only earns a big payday but also a place in horse racing history.
For bettors, the Preakness presents one of the most interesting challenges of the year. And the race got even more challenging Friday morning with the scratch of one of the favorites, original morning-line second choice First Mission, who was removed from the race Friday morning due to a left hind ankle issue.
Preakness Stakes Contenders
The Preakness Stakes was drawn on Monday, May 13, and drew a field of nine runners, though only eight are expected to run with the Wednesday-morning scratch of Muth, who spiked a fever. Three of them come out of the Kentucky Derby, including Mystik Dan, who rallied up the rail and held to win the Run for the Roses by a thrilling nose. The two others coming in from the first jewel of the Triple Crown include fourth-place Catching Freedom and 17th-place Just Steel.
The scratch of morning-line favorite Muth leaves five of the new faces in the field. The ones likely to take the most betting interest include Imagination, the one Bob Baffert trainee remaining in the race, as well as Tuscan Gold, the third-place finisher behind Catching Freedom in the Louisiana Derby (G2).
2024 Preakness Stakes Odds Updates
This is the official field for the Preakness Stakes including post positions, trainers, jockeys, and morning-line odds released by Pimlico Race Course.
| Post | Horse | Trainer | Jockey | ML |
|---|---|---|---|---|
| 1 | Mugatu | Jeff Engler | Joe Bravo | 20-1 |
| 2 | Uncle Heavy | Robert Reid, Jr. | Irad Ortiz, Jr. | 20-1 |
| 3 | Catching Freedom | Brad Cox | Flavien Prat | 7-2 |
| 4 | Muth | Bob Baffert | Juan Hernandez | SCR |
| 5 | Mystik Dan | Kenny McPeek | Brian Hernandez, Jr. | 8-5 |
| 6 | Seize the Grey | D. Wayne Lukas | Jaime Torres | 12-1 |
| 7 | Just Steel | D. Wayne Lukas | Joel Rosario | 12-1 |
| 8 | Tuscan Gold | Chad Brown | Tyler Gaffalione | 9-2 |
| 9 | Imagination | Bob Baffert | Frankie Dettori | 3-1 |
2024 Preakness Stakes Futures Odds
Before the race is drawn and morning lines are assigned, future wagering odds can provide a picture of how odds on horses may shape up. The Maryland Jockey Club offered two official Preakness futures, including one that closed right before the Kentucky Derby. In addition, sportsbooks also offer futures. Since these sportsbook futures are ongoing, they can provide a glimpse into how Preakness wagering may settle.
Preakness Stakes Future Wager
Pimlico expanded its Preakness Future Wager offerings this year. In 2023, the debut of the wager, it offered one pool in the days leading into the Kentucky Derby. In 2024, it offered both that pool and an earlier one open February 29 through March 2. With the pre-Derby pool closed, that one is going to be far more informative about, at least, relative odds of some horses.
Keep in mind that odds on some horses may shift, especially ones who ran well Kentucky Derby weekend like Derby winner Mystik Dan and Pat Day Mile (G2) winner Seize the Grey. However, especially with the new shooters, it can shed some light on who may be more heavily bet than others.
These are the odds from the second Preakness Future Wager pool, which closed about an hour before the Kentucky Derby, for horses who are entered to run in the Preakness.
| Post | Horse | Trainer | Jockey | Pool 2 odds |
|---|---|---|---|---|
| 1 | Mugatu | Jeff Engler | Joe Bravo | n/a* |
| 2 | Uncle Heavy | Robert Reid, Jr. | Irad Ortiz, Jr. | 99-1 |
| 3 | Catching Freedom | Brad Cox | Flavien Prat | 14-1 |
| 4 | Muth | Bob Baffert | Juan Hernandez | 7-2** |
| 5 | Mystik Dan | Kenny McPeek | Brian Hernandez, Jr. | 45-1 |
| 6 | Seize the Grey | D. Wayne Lukas | Jaime Torres | 25-1 |
| 7 | Just Steel | D. Wayne Lukas | Joel Rosario | 35-1 |
| 8 | Tuscan Gold | Chad Brown | Tyler Gaffalione | 17-1 |
| 9 | Imagination | Bob Baffert | Frankie Dettori | 17-1 |
Preakness Stakes Sportsbook Futures
Since morning-line odds are not a guarantee of what you’ll actually see on the third Saturday in May, Preakness futures odds at international sportsbooks can also provide a clue about who bettors may think will be the Preakness winner. These tend to open soon after the Kentucky Derby. They are liable to fluctuate as horses train toward the race and the field takes final shape, but they can provide betting clues.
As of May 15, after the defection of Muth, these are best prices in overseas sportsbooks as cited on OddsChecker.
| Post | Horse | Trainer | Jockey | Odds |
|---|---|---|---|---|
| 1 | Mugatu | Jeff Engler | Joe Bravo | 35-1 |
| 2 | Uncle Heavy | Robert Reid, Jr. | Irad Ortiz, Jr. | 14-1 |
| 3 | Catching Freedom | Brad Cox | Flavien Prat | 7-2 |
| 4 | Muth | Bob Baffert | Juan Hernandez | SCR |
| 5 | Mystik Dan | Kenny McPeek | Brian Hernandez, Jr. | 2-1 |
| 6 | Seize the Grey | D. Wayne Lukas | Jaime Torres | 12-1 |
| 7 | Just Steel | D. Wayne Lukas | Joel Rosario | 9-1 |
| 8 | Tuscan Gold | Chad Brown | Tyler Gaffalione | 4-1 |
| 9 | Imagination | Bob Baffert | Frankie Dettori | 4-1 |
Preakness Stakes Race Day Odds
On May 18, the Preakness Stakes live odds will be calculated by the pari-mutuel system. The final odds are determined by how much is in the pool from bettors around the country divided by the number placed in wagers on each horse.
It makes sense to watch the odds in the pool on race day, since sometimes you get a better price than the morning line forecasts. For example, when War of Will went on to win the 2019 Preakness Stakes, he wasn’t the most popular, meaning his morning line odds of 4/1 became starting odds of 5/1.
Odds on the Preakness will fluctuate a lot on the pari-mutuel system as the event gets closer, especially right before the gates open, so be prepared not to know what odds you will get on your picks for the Preakness until the last moment.
Major Preakness Prep Races And Kentucky Derby Race Winner
The Preakness Stakes is the second jewel in the Triple Crown and carries immense importance, as not every horse will make the cut.
And many other top-stakes races will have also taken place in 2024, stretching back to the major Kentucky Derby preps and other important sophomore events, all of which are tough to win. The eventual Preakness winner often comes out of one of these major stakes races.
Preakness Stakes odds are partly shaped by the results of these major races, though for handicapping purposes, be sure to go back and check out how well other horses ran underneath these winners as well. After all, the winners often do not go to the Preakness, but underneath finishers may.
| Date | Race | Venue | Winner |
|---|---|---|---|
| February 17, 2024 | Risen Star | Fair Grounds | Sierra Leone |
| February 24, 2024 | Rebel Stakes | Oaklawn Park | Timberlake |
| March 2, 2024 | Fountain of Youth Stakes | Gulfstream Park | Dornoch |
| March 2, 2024 | Gotham Stakes | Aqueduct | Deterministic |
| March 2, 2024 | San Felipe Stakes | Santa Anita Park | Imagination |
| March 9, 2024 | Tampa Bay Derby | Tampa Bay Downs | Domestic Product |
| March 23, 2024 | Louisiana Derby | Fair Grounds | Catching Freedom |
| March 30, 2024 | Florida Derby | Gulfstream Park | Fierceness |
| March 30, 2024 | Arkansas Derby | Oaklawn Park | Muth |
| April 6, 2024 | Santa Anita Derby | Santa Anita Park | Stronghold |
| April 6, 2024 | Wood Memorial | Aqueduct | Resilience |
| April 6, 2024 | Blue Grass Stakes | Keeneland | Sierra Leone |
| May 4th, 2024 | Kentucky Derby | Churchill Downs | Mystik Dan |
Betting the 2024 Preakness Stakes with TVG
Our team is always on hand to offer in-depth analysis and expert Preakness Stakes picks as we head towards post time for the race.
Find out who is in the running to run down the 149th Preakness Stakes and keep it TVG for Pimlico, your trusted one-stop destination to bet on the Preakness, to the Belmont Stakes, and on horse racing all year long.
Disclaimer:TVG provides free information, odds, facts, and commentary about the Preakness Stakes and horse racing and betting, in general. Third-party marks may be referenced in a transformative, editorial, informational, nominative, critical, analytical, or comparative context. TVG may reference marks belonging to third parties pursuant to our right to engage in fair use, fair comment, statutory fair use, or trademark fair use doctrine. As such, TVG does not contribute to any dilution of any trade or service marks.