| Date | Saturday, May 16, 2026 |
|---|---|
| Post Time | Approx. 6:50 PM ET |
| Venue | Laurel Park, Laurel, Maryland |
| Distance | 1 3/16 Miles - Dirt |
| Purse | $2,000,000 ($1.1M to the winner) |
| Field | 14 Three-Year-Old Thoroughbreds |
| TV | NBC / Peacock |
The calculator above gives you an instant payout estimate on any Preakness wager before you place a single dollar.
Pari-mutuel payouts fluctuate until post time. For a guaranteed payout, use BUSR's fixed-odds win betting - the price you bet is the price you collect.
| Bet Type | What You Need | Min. Stake | Payout Potential |
|---|---|---|---|
| Win | Your horse finishes 1st | $1 | Moderate |
| Place | Your horse finishes 1st or 2nd | $1 | Low-Moderate |
| Show | Your horse finishes top 3 | $1 | Low |
| Exacta | Exact 1st and 2nd finishers | $1 | Moderate |
| Trifecta | Exact 1st, 2nd, and 3rd finishers | $1 | High |
| Superfecta | Exact 1st through 4th finishers | $0.10 | Very High |
| Win (Fixed Odds) | Your horse finishes 1st - price locked at bet | $1 | Guaranteed at time of bet |
Projected payout examples using the official 2026 Preakness Stakes morning line. Use these as a reference when running your own calculations above.
| Wager | Horses (2026 Field) | Stake | Est. Return |
|---|---|---|---|
| Win | Iron Honor (9/2) | $10 | $55.00 |
| Win | Taj Mahal (5/1) | $10 | $60.00 |
| Win | Pretty Boy Miah (15/1) | $10 | $160.00 |
| $2 Exacta | Iron Honor / Taj Mahal | $2 | ~$40–$60 |
| $2 Exacta | Incredibolt / Napoleon Solo | $2 | ~$80–$120 |
| $1 Trifecta | Iron Honor / Taj Mahal / Chip Honcho | $1 | ~$150–$300 |
| $1 Trifecta | Incredibolt / Napoleon Solo / Pretty Boy Miah | $1 | ~$800–$1,500 |
| $1 Superfecta | Iron Honor / Taj Mahal / Chip Honcho / Ocelli | $1 | ~$500–$1,000 |
| $0.10 Superfecta Box | Iron Honor / Taj Mahal / Incredibolt / Napoleon Solo / Pretty Boy Miah | $12 | ~$2,000–$5,000+ |
| Note: Payout estimates are based on morning line odds and will shift as money enters the pari-mutuel pool before post time. Use the calculator above to run exact scenarios with any combination from the 14-horse field. |
| Win Bet - 40% of Budget | Target the 5/1 to 20/1 range. Iron Honor (9/2), Incredibolt (5/1), and Taj Mahal (5/1) lead the 2026 field. At very short prices the Win pool offers minimal value. |
|---|---|
| Exacta / Trifecta - 40% | Use a part-wheel with your top selection on top, spread to 3–4 horses beneath. A $1 Trifecta part-wheel with one horse on top of three covers six combinations for $6. |
| Superfecta Box - 20% | A $0.10 five-horse Superfecta box costs $12 and covers all 120 possible 1-2-3-4 finish combinations. Pretty Boy Miah (15/1) and The Hell We Did (15/1) belong in every ticket. |
Q: How accurate is the payout calculator?
A: The calculator provides estimates based on current odds. Pari-mutuel payouts shift as money flows into the pool until post time. For a guaranteed return, use BUSR's fixed-odds win betting - the price you bet is the price you collect regardless of tote movement.
Q: What is the minimum Superfecta bet at the Preakness?
A: The minimum Superfecta wager is $0.10 per combination. A five-horse Superfecta box at $0.10 costs $12 total and covers all 120 possible 1-2-3-4 orderings among your selected horses.
Q: What is fixed-odds betting and how does it differ from pari-mutuel?
A: Pari-mutuel betting pools all wagers and divides the pot among winners - your payout depends on how much money is bet on your horse by post time. Fixed-odds betting, available at BUSR, locks in your price at the moment you bet. If Iron Honor is 9/2 when you bet and closes at 5/2, you still collect at 9/2.
Q: Where can I see the official Preakness Stakes odds?
A: Live Preakness Stakes odds are updated continuously on USRacing.com. Iron Honor is the 9/2 ML favorite in the confirmed 2026 field at Laurel Park.
Q: How do I bet the Preakness Stakes online?
A: Create an account at BUSR, fund it with credit card or cryptocurrency, navigate to the Laurel Park May 16 race card, select the Preakness Stakes, choose your bet type, enter your stake, and confirm. Minimum bets start at $1 for straight wagers and $0.10 for Superfectas.
Q: Is there a rebate on Preakness Stakes wagers?
A: Yes. USRacing.com members earn a 10% horse betting rebate paid daily on selected wagers - win or lose.
© 2026 USRacing. Residents must be 21+. Please gamble responsibly. Availability of services may vary by location. Payout calculations are estimates based on current odds and are subject to change at post time.
When is the Preakness Stakes?
The Preakness Stakes is on Saturday, May 16th, 2026
Where can I bet on the Preakness Stakes?
At BUSR: Odds are Live!
What channel is the Preakness Stakes on?
Watch the Preakness Stakes live on TV with NBC at 5:00 pm EST
