Preakness Stakes Odds: Betting Favorites for Pimlico
The Preakness Stakes is one of the most significant sporting events of the spring. This year's Preakness will take place on Saturday, May 17 at Pimlico Race Course. Preakness Stakes odds will soon be made available.
You can prepare for "The Run for the Black-Eyed Susans" with our guide on how to bet on horse racing. We also outline the Preakness Stakes post positions.
Preakness Stakes odds
Preakness Stakes odds for the 2025 race at Pimlico Race Course will soon be made available. The odds listed below are from last year's race.
| Post | Horse | FanDuel odds | Morning Line odds |
|---|---|---|---|
| 1 | Mugatu | +2000 | 20-1 |
| 2 | Uncle Heavy | +2000 | 20-1 |
| 3 | Catching Freedom | +600 | 6-1 |
| 4 | OFF | Scratch | |
| 5 | Mystik Dan | +250 | 5-2 |
| 6 | Seize the Grey | +1500 | 15-1 |
| 7 | Just Steel | +1500 | 15-1 |
| 8 | Tuscan Gold | +800 | 8-1 |
| 9 | Imagination | +600 | 6-1 |
*FanDuel Racing odds available in AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY
New customers only. $10 deposit min. Get the full amount back in racing credit if you lose after placing a first bet up to $500 (within 72 hours).
How are Preakness Stakes odds made?
Preakness Stakes odds are made by track linemakers, who are experts responsible for setting the initial lines for the race. These odds reflect their assessment of each horse's likelihood of winning based on various factors such as past performances in other races, jockey, trainer, breeding, and recent workouts.
To create these odds, oddsmakers analyze a wide range of data and information about each horse and its connections. They consider factors like the horse's racing history, speed figures, performance in previous races, pedigree, and how well it has fared on similar track conditions.
Additionally, oddsmakers take into account the betting patterns and preferences of the public, as well as any news or developments leading up to the race that could impact a horse's chances. Once they have evaluated all these factors, they assign each horse morning-line odds, which is their estimate of the horse's probability of winning the race.
These initial odds serve as a starting point for betting, but the lines can change based on the betting action leading up to the race and any new information that emerges.
Preakness Stakes odds over time
We'll track the 2025 odds and the movement here once the lines are released.
Preakness Stakes betting odds history
Here is a look at Preakness Stakes betting odds history, along with post position for the winning horses.
| Year | Horse | Post Position | Odds |
|---|---|---|---|
| 2024 | Seize the Grey | 6 | 15-1 |
| 2023 | National Treasure | 1 | 4-1 |
| 2022 | Early Voting | 5 | 5-1 |
| 2021 | Rombauer | 6 | 12-1 |
| 2020 | Swiss Skydiver | 4 | 11-1 |
| 2019 | War of Will | 1 | 4-1 |
| 2018 | Justify | 7 | 1-2 |
| 2017 | Cloud Computing | 2 | 12-1 |
| 2016 | Exaggerator | 5 | 3-1 |
| 2015 | American Pharoah | 1 | 4-5 |
| 2014 | California Chrome | 3 | 3-5 |
How to read Preakness Stakes odds
A crucial step to betting on the Preakness Stakes is understanding how the odds work. Put simply, American odds represent how much money you would win on a $100 wager - or, in some cases, how much money you would need to wager to return $100.
Let's refer to an example. Seize the Grey closed with +1500 odds to win last year's Preakness Stakes. That means a winning $100 bet at those odds would return $1500 in profit, or a $10 bet would return $150, or even $1 for a $15 return.
According to our odds converter, he was getting only a 6.25% implied probability of winning the prestigious race.
Mystik Dan finished with +250 odds, which carried an implied 28.57% win percentage. A $100 wager would get you $250 if he won. Despite being seen as more likely to win according to the odds, we know he didn't win the race.
You'll want to be careful staking too much on long-shot bets, as the low implied win probabilities indicate the unlikelihood of a victory.
Preakness Stakes 2025 info
- Date: May 17, 2025
- Location: Pimlico Race Course, Baltimore
- Race Distance: 1 3/16 miles
- Purse: TBD ($2 million last year)
- TV: NBC
Preakness Stakes 2024 FAQs
Who is the 2025 Preakness Stakes favorite?
We're still awaiting the opening odds for the 2025 Preakness Stakes. Last year, the pre-race favorite was Mystik Dan, who was dealing as high as +250 on race day, with those odds representing an implied win probability of 28.57%.
Who won last year's Preakness Stakes?
Seize the Grey took the 2024 Preakness Stakes after entering as a +1500 long shot.
When is the 2025 Preakness Stakes held?
The 2025 edition of the Preakness Stakes will take place on Saturday, May 17.
Where is the 2025 Preakness Stakes held?
The Preakness Stakes is held annually at Pimlico Race Course in Baltimore.
Where can I bet on the Preakness Stakes?
Americans can legally wager on horse racing in the following states.
Horse racing betting odds pages
| Kentucky Derby Odds | Preakness Stakes Odds | Belmont Stakes Odds |
| Kentucky Derby Post Position | Preakness Stakes Post Position | Belmont Stakes Post Position |
Here are our best horse racing betting sites:
- Caesars Promo Code: SBRBONUSDYW | Read our Caesars Review
- BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
- bet365 Bonus Code: SBRBONUS | Read our bet365 Review
- FanDuel Promo Code | Read our FanDuel Review
- DraftKings Promo Code | Read our DraftKings Review
(21+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.
Not intended for use in MA.
Each betting site featured on SBR has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission.
Related pages
- Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)
Related Articles
