Preakness Stakes Odds & Betting Favorites for Second Leg of Triple Crown
Our Preakness Stakes odds examine the second leg of U.S. thoroughbred horse racing's Triple Crown, using the odds at our best horse racing betting sites.
The Preakness Stakes are annually when hopes based on the Triple Crown odds either grow or are squashed in a hurry.
The latter happened for Mystik Dan in 2024. The dark horse in the Kentucky Derby odds won that race while getting a price as long as +2500. He was then a top contender in The Preakness and put up a mighty challenge before Seize the Grey pulled away down the stretch.
The historic race takes place annually in mid-May, and you can prepare for it with our guide on how to bet on horse racing. We also outline the Preakness Stakes post positions.
Here are the final odds for the 2024 Preakness Stakes before Seize the Graey's triumph, and some betting history on the event.
2024 Preakness Stakes odds
(Odds via FanDuel racing)
| 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 $520 (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 a morning-line odds, which represents their estimate of the horse's probability of winning the race.
These initial odds serve as a starting point for betting, but they can change based on the betting action leading up to the race and any new information that emerges.
Who has won the Preakness Stakes and what were the odds?
| Year | Horse | Post Position | Odds |
|---|---|---|---|
| 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 |
Preakness Stakes 2024 FAQs
Who was the 2024 Preakness Stakes favorite?
Mystik Dan is a 5-2 (+250) favorite to win the Preakness Stakes. Those odds imply a 28.57% win probability and a winning $10 bet would return a profit of $25.
Who won the 2024 Preakness Stakes?
Seize the Grey took the 2024 Preakness Stakes after entering as a +1500 long shot.
How to read Preakness Stakes odds
You'll often see horse racing betting sites post odds presented as fractional; for example, an entry might be listed as a 3-1 favorite, or a 50-1 underdog. For those looking to convert fractional horse racing odds to American or decimal odds, you can use our free and handy odds converter.
Where can I bet on the Preakness Stakes?
According to TwinSpires, Americans can legally wager on horse racing in the following states, and don't forget to check out our FanDuel Racing promo code:
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: SBRBONUS1000 | Read our Caesars Review
- BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
- bet365 Bonus Code: SBRBONUS | Read our bet365 Review
- BetRivers Promo Code: SBRBONUS | Read our BetRivers 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.
Related pages
- Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)
Related Articles
