2024 Preakness Stakes Odds & Betting Favorites: Betting Lines & Info for Pimlico
The second leg of U.S. thoroughbred horse racing's Triple Crown often boasts a smaller field than the first, but the 2024 Preakness Stakes present an exciting opportunity for bettors as we have a look at the odds at our best horse racing betting sites.
The 2024 Kentucky Derby winner, Mystik Dan, arrived at Pimlico Race Course on Sunday as he sets out to search for the second leg of the Triple Crown.
The Kentucky Derby is one of the top spectacles on the spring sports calendar – and our best sports betting sites can only hope that momentum carries into the Preakness Stakes. For those new to the sport, you can check out how to bet on horse racing.
The annual 1 3/16-mile test pits the Derby winner against a field of worthy opponents looking to end the Triple Crown quest for another year. And while you won't see as many horses competing the second time around, the Preakness Stakes still carries plenty of prestige.
To help you make your Preakness Stakes picks, we look at the best Preakness Stakes odds among the top contenders via our list of the best horse racing betting sites. We also look at the Triple Crown odds with Mystik Dan's hopes still alive, and we look further into the Preakness Stakes post position.
2024 Preakness Stakes odds
The 2024 Preakness Stakes odds were released following a post position draw that took place Monday.
| 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 | Muth | +160 | 8-5 |
| 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 |
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Preakness Stakes favorites
Muth (+160)
Muth is the morning-line favorite for the 2024 Preakness Stakes, as the Bob Baffert trainee looks to derail this year's Triple Crown bid. Baffert runners were unable to contend in the Kentucky Derby due to Churchill Downs' ban on all entrants from the Hall of Fame trainer in the wake of the Medina Spirit disqualification, so Muth is a fresh horse following his Arkansas Derby victory on March 30.
Mystic Dan (+250)
Mystik Dan is likely to garner a lot of attention coming off his victory at the Kentucky Derby, and he'll begin the wagering as the second choice on the morning line in a field of nine.
Preakness Stakes odds over time
You aren't likely to see the 2024 Preakness odds shift much after the post position draw is completed – unless we see scratches. Fortunately for race organizers, only one horse (First Mission) withdrew from last year's race.
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 info
- Date: Saturday, May 18, 2024
- Location: Pimlico Race Course, Baltimore
- Race Distance: 1 3/16 miles
- Purse: $2 million
- TV: NBC
Preakness Stakes 2024 FAQs
Who is the 2024 Preakness Stakes favorite?
Muth is the 8-5 morning-line favorite in the 2024 Preakness Stakes. Kentucky Derby winner Mystik Dan is the 5-2 second-choice.
Who won the 2023 Preakness Stakes?
National Treasure won the 2023 Preakness Stakes with jockey John R. Velazquez and trainer Bob Baffert.
When is the 2024 Preakness Stakes held?
The 2024 edition of the Preakness Stakes will be on May 18, 2024.
Where is the 2024 Preakness Stakes held?
The Preakness Stakes is held annually at Pimlico Race Course in Baltimore.
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 2024 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:
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Related pages
- Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)
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