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Preakness Stakes betting guide NY

Preakness Stakes Betting Offers for 2024

Preakness Stakes
May 18, 2024
Baltimore, Maryland
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Two weeks after the Kentucky Derby, the Black Eyed Susans of the Preakness Stakes takes over thoroughbred racing’s Triple Crown mantle. The second jewel in the crown, a horse can’t win the Triple Crown without first capturing the Derby and the Preakness. The Preakness Stakes has been contested for nearly 150 years. Now, in New York you can place bets on Preakness Stakes races online via several top sportsbooks like Twinspires NY and get betting offers, including free bets.

Preakness Stakes Betting Options: Exactas, Trifectas & Straight Bets

The most common form of horse racing wagers are the so-called straight bets of win, place and show. A win bet is self-explanatory. The bettor is picking a horse to win the race. 

When wagering on a horse to place, the bet will cash if your horse wins or finishes second in the race. Show betting pays off as a winner if the horse bet finishes in any spot among the top three spots in the race.

There are also what are known as exotic bets. These Preakness Stakes bets include an across the board wager. With this wager, the horse bet pays off on all win, place and show wagers, no matter where the horse finishes among the top three. If the horse should win the race, the bettor would cash on the win, place and show wagers.

Exactas are a bet which correctly calls the two horses to finish 1-2 in the race. Trifectas are wagers in which the horses selected are finishing the race 1-2-3. Superfectas cash when the horses bet finish the race 1-2-3-4. It is all possible to key, box, or wheel these exotics to enable multiple outcomes in the order of finish to pay off. 

Where to bet the Preakness in New York: Best Bets 2024

  • NYRA Bets: Get up to $200 Free Bets. Use code to claim the Preakness Stakes offer. T&Cs apply.
  • AmWager New York Horse Betting Site: Deposit and get a free wager up to $300. T&Cs apply.
  • TwinSpires Bonus: First Bet Match up to $200
    NY legal racebook, Racing news, Expert picks, New customer deposit offer, Podcasts, Free to play games, Rewards, Kentucky Derby and Breeder’s Cup promos, Odds Boosts, Free Bet See Review T&C apply

There are a number of sites in New York state that offer advance deposit wagering (ADW) on horse racing in both the Empire State and around the world. And of course, that includes the Preakness Stakes. 

At the top of that list is Xpressbet. This horse betting site holds ownership in such tracks as Gulfstream Park, Santa Anita and Pimlico, the home of the Preakness Stakes.

In the ADW business since 2009, AmWager offers real-time updates, exclusive tools, custom wagering types, and a player-focused design.

Since 1894, the Daily Racing Form has been a go-to source of betting information for horse players. In 2011, over a century after their launch, DRF Bets, the advance deposit wagering arm of the Daily Racing Form, was created.

NYRA Bets is the official betting partner of Belmont Park, the New York Racing Association (NYRA) and the Belmont Stakes, the third leg of thoroughbred racing’s Triple Crown. 

New York is among 30 U.S. states that offer ADW from The official ADW site of Churchill Downs, so naturally they offer wagering on the Preakness Stakes. 

TVG is one of the biggest and most well-known of the ADWs available to New York horse players who want to find good odds on Preakness and take an advantage of the free bet deal. It’s owned by Flutter Entertainment, the same company that operates Betfair and FanDuel. 

Hollywood Races is affiliated with Penn National Gaming, Inc., the largest operator of pari-mutuel facilities in North America. You can place bets on Preakness races from New York.

Preakness Stakes Facts

The current length of the Preakness at 1 3/16th miles (9.5 furlongs) was first contested in 1925. Secretariat has held the Preakness record since 1973, winning in a time of 1:53.

Jockey Eddie Arcaro has been aboard for a record five Preakness Stakes wins. Bob Baffert and R. Wyndham Walden have each sent out seven winners to hold a share of the Preakness Stakes record for wins by a trainer.