Preakness Stakes Betting

Post position matters in Preakness betting, with historical data showing that post 6 has had the most winners.

On this page · 4 sections

1. Where to bet on the Preakness Stakes from the Philippines
2. The favorite: weak to win, strong to place
3. Laurel and the Derby skip
4. The favorite by sample, with break-even prices

Where to bet on the Preakness Stakes from the Philippines

The favorite: weak to win, strong to place

Recent years have seen the Preakness favorite not as a profitable win bet, but a solid underneath horse. Over the last eight races, a favorite won just twice, but went in the money seven of eight times. Top-three favorites had an even lower 20.8% win rate. Longer-term favorites have fared better, capturing 30% of the last 20 editions.

Laurel and the Derby skip

Bettors should note that those trends are from Pimlico; this year's race moved to Laurel while Pimlico is rebuilt. More recently, this year's top three all bypassed the Kentucky Derby, reflecting a historic trend of winning horses not raced in Louisville. Seven of the last 10 winners skipped the Derby, and a Preakness win following a defeat is more common than not.

The favorite by sample, with break-even prices

Example. Past rates repeating, no margin and no pool takeout assumed.