Preakness Stakes 2023 Betting: Picks, Horses & Odds

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Preakness Stakes 2023 Betting: Picks, Horses & Odds

Author: American Gambler Staff | Last Updated: May 19, 2023

As one of America's most celebrated horse races, the Preakness Stakes brings together top thoroughbreds from across the country.

Over the years, many legendary horses have won the Preakness Stakes, including Secretariat, American Pharoah, and California Chrome. The race is also famous for its Black-Eyed Susans blanket presented to each winner.

The Preakness makes up one-third of the annual Triple Crown. It falls in the middle, taking place two weeks after the Kentucky Derby and three weeks ahead of the Belmont Stakes.

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How to Bet the Preakness Stakes

With the race scheduled only two weeks after the Kentucky Derby, there are numerous factors to weigh before placing a potentially winning bet.

It's important to look at how the competitors – both the horses and their jockeys – have performed at Pimlico. The weather of the day can also influence the outcome. 

Bettors need to check the horses' history on dirt tracks like that of Pimlico. Some horses run better on synthetic tracks, and this will make a difference. 

Once bettors determine their options based on their research and experience, placing their bets is the next step. There are several top horse racing apps that carry lines for the race, giving bettors the ability to compare options and make the best selections. 

Preakness stakes 2023 betting: picks, horses & odds
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Preakness Stakes 2023 Betting Preview

The Pimlico Race Course in Baltimore, MD, will host the Preakness Stakes at its normal time, the third Saturday of May, with a post time of 6:50 PM ET. The track has hosted the race since it began. Based on the confirmed horses as of May 15, these are the odds:

  • – Mage +300
  • – Forte +300
  • – Two Phil's +500
  • – First Mission +500
  • – Blazing Stevens +1200
  • – Henry Q +1200
  • – Confidence Game +1400
  • – National Treasure +1400
  • – Red Route One +1600
  • – Instant Coffee +2000 
  • – Chase The Chaos +3000
  • – II Miracolo +5000
Preakness stakes 2023 betting: picks, horses & odds

2023 Preakness Stakes entrants: horses, jockeys, odds

Keeping his Triple Crown hopes alive, Mage and jockey Javier Castellano are set to represent as the leading horse in the 2023 Preakness Stakes field. The upcoming race has attracted several competitors, but the odds currently favor him at +200. He won the Kentucky Derby, starting his run on the Triple Crown.

Another strong contender, First Mission, ridden by jockey Corey Lanerie, follows close behind at +300. He didn't participate in the Kentucky Derby specifically to prepare for the Preakness race. 

Two Phil's, ridden by Jareth Loveberry, won the Street Sense Stakes last year when he was just two, but couldn't keep the momentum going in the next few races. Despite securing second-place finishes in some Derby preparatory races, he faced a decline in popularity; however, he's rebounded since then.  

Despite facing a blistering pace, he proved his doubters wrong by securing a hard-fought second place in the Race for the Roses just behind Mage. Because of that, he's getting +500 for the upcoming race.

There are several underdogs in the mix as well, including Blazing Sevens and Henry Q, both at +1200. Neither Chase the Chaos nor Red Route One participated in the Kentucky Derby, but are on the list for the Preakness. They're getting +2500 and +1200, respectively, although long odds mean less in horse racing. 

Because several outsiders have won big-name races over the years, it's conceivable that one of these could have a surprise finish. 

Preakness stakes 2023 betting: picks, horses & odds
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Preakness Stakes 2023 Predictions

Mage should be able to finish in the top three, but he might not take the win. He barely won the Kentucky Derby and might not be completely ready for the upcoming race.

This is going to be a tough competition, with an explosive performance coming on the last stretch deciding the winner. That could go to National Treasure, who has been consistently solid. He's getting +650 – enough to put him in the top five in the odds – and he's due for another win. 

American Gambler Staff