Last Updated on 05/17/2025
Reading Preakness Stakes Odds
Understanding how to read and interpret odds is critical for making informed betting decisions. The odds for the Preakness Stakes are typically displayed in a fractional format, such as 3-1, 5-2, or 10-1. These numbers show the potential return on your bet. For example, if you bet $1 on a horse with 3-1 odds and it wins, you will receive $3 in winnings plus your original $1 stake back, totaling $4.
The Preakness Stakes, held annually at the Laurel Park Race Course in Baltimore, Maryland, is the second jewel in the Triple Crown, coming after the Kentucky Derby and before the Belmont Stakes.
Since its creation in 1873, the Preakness has captured the imagination of racing fans with its rich history, exciting races, and showcase of some of the sport's best thoroughbreds.
The Preakness Stakes is a Grade I stakes race for three year-old Thoroughbreds at Laurel Park Race Course run on the third Saturday in May. This year, the race will be held on Saturday, May 16th. You can watch the Preakness Stakes at 5 p.m. EST on TV on NBC or live stream on NBCSports.com.