Sports

What horse to bet on the Preakness Stakes

How to Bet the 2024 Preakness Stakes Online

Unlike the Kentucky Derby, which can be bet on at various times during the winter and spring leading up to the race in the form of the Kentucky Derby Future Wager (KDFW), pari-mutuel betting on the Preakness is more restrictive.

After the Preakness field is drawn several days before the race, fans have days rather than months to wager on the race through racetracks, simulcast centers, and on Advance Deposit Wagering (ADW) platforms, including TwinSpires.

 

The Best Way to Bet $100 at The 2024 Preakness Stakes

Money management is an important skill to master in maximizing your funds. For the Preakness Stakes, the race traditionally holds potential of nice payouts due to value in upsets with full fields.

Let’s look at betting strategies to maximize a budget of $100 for the second jewel of the Triple Crown.

This handicapper suggests not placing the full $100 to win on a horse, as he likes to spread among opportunity and there really isn’t a true sure thing in racing.

Suggestion 1:

Ladder betting:
$50 Win
$30 Place
$20 Show

Suggestion 2:

Strong opinion on 2 to 3 horses
$15 Exacta Box with three horses = $90
$10 Straight Exacta with horse 1 & 2

 

Betting Analyst James Scully suggests this bet:

Race 13 – Preakness (G1), 7:01 p.m.

First Mission’s scratch removes a pace player from the second leg of the Triple Crown, leaving five late runners among the seven contestants, including Kentucky Derby winner Mage, who has failed to break promptly in all three stakes appearances. #1 National Treasure (4-1) will look to take advantage of the favorable set-up as the controlling speed.

Multiple Grade 1-placed at two, National Treasure missed a plan prep for the Santa Anita Derby (G1), recording a respectable fourth after a rough start, and the Bob Baffert-trained colt has worked forwardly since, recording back-to-back bullet moves in preparation. National Treasure appears to be geared for speed in a race lacking pace, adds blinkers, and John Velazquez will save plenty for the final stages.

 

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