The 2026 Preakness Stakes will take place at Laurel Park in Maryland this Saturday, May 16th (the race was moved due to construction at it’s usual home of Pimlico Race Course). The race has a post time of 7:01pm ET and will be available to watch on NBC.
Golden Tempo, the Kentucky Derby winner, will not be in the field for the Preakness, instead choosing to focus on the Belmont Stakes in June. There are five horses with morning line odds between 9-2 and 6-1, which shows there are plenty of horses considered legitimate contenders in the field of 14 for this years Preakness.
I added this page to help Washington and Oregon residents quickly and easily place bets on the Preakness Stakes online. Below I will recommend a sportsbook, touch on the betting options in both states, and provide a straight forward 3 step guide you can follow to get your Preakness bets placed within minutes.
Where To Bet On Preakness Stakes
| Sportsbook | Bonus | Visit |
|---|---|---|
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50% up to $250 in Free Bets | Visit |
BetOnline.ag is our recommended betting site for Washington and Oregon residents looking to bet on this years Preakness Stakes. BOL has an easy to use Racebook, some solid horse race betting promotions, and they have a strong reputation as a trusted and popular sportsbook that has served the US betting market since 2004.
Preakness Betting in Washington and Oregon
Sports betting is legal in Washington (since 2020), but it’s only allowed when on-location at a tribal casino. And although they can legally offer sports betting, the majority of tribal casinos in Washington still don’t have a sportsbook.
In Oregon, sports betting has been legal since 2019, but the state has granted a monopoly on the industry to DraftKings. Initially the state-run mobile app, Scoreboard, was the only online betting option for Oregon residents, but in January of 2022, DraftKings was granted the exclusive rights to be the mobile betting provider for the state. To compare odds and find a free market for betting, Oregon residents must look outside of the single state-approved betting site.
If you live in either Washington or Oregon and want to bet on the Preakness Stakes online you can do so through offshore betting sites that are licensed and regulated outside of the US, while accepting American bettors. BetOnline.ag is our recommended online sportsbook for US residents.
2026 Preakness Stakes Winner Odds
Here are the fixed race winner odds for the 2026 Preakness Stakes from BetOnline. The odds below are from May 13th, midway through race week. To see the live odds head to BetOnline.ag, open the ‘Horse Racing’ drop down menu in the sportsbook and select ‘Horses Daily’ -> ‘Preakness Stakes’.
Incredibolt (+400) is the favorite, while Iron Honor, Taj Mahal, Ocelli, and Chip Honcho are also right there as serious contenders in this 14 horse field.
**You can also bet on the Preakness in the Racebook by opening the ‘US Thoroughbred’ drop down menu, selecting ‘Laurel Park’, and selecting race #13 on May 16th.
Bet On The Preakness – 3 Step Guide
Follow this three step tutorial to bet on the Preakness Stakes online from anywhere in Washington or Oregon.
Step 1. Open A BetOnline.ag Account
Click the above link, select ‘Join Now’ on the landing page, and complete the registration form to create your account.
Step 2. Deposit Funds
Log into your BOL account and click the ‘Deposit’ button. Select one of the deposit options, enter your amount, and follow the instructions for your chosen method to fund your account.
BetOnline accepts Visa, MasterCard, AmEx, Bitcoin, Ethereum, and more. You can cash out any winnings through most of those same methods, as well as by bank wire or check through the mail.
Step 3. Place Your Preakness Bets
You can bet on the Preakness through both the ‘Sports’ and ‘Racebook’ sections of the BOL website.
Sportsbook (Fixed Winner Odds)
You can bet on the Preakness Stakes winner at fixed odds in the ‘Sports’ section. Open the ‘Horse Racing’ drop down menu and select ‘Horses Daily’ -> ‘Preakness Stakes’. Here’s a screenshot showing the clicks to place a Preakness bet in the sportsbook (screenshot taken May 13th):
Racebook (Parimutuel Betting)
You can bet on the the full variety of horse racing bets (exacta, trifecta, win/place/show, etc.) on the Preakness Stakes through the BOL Racebook. The bets in the Racebook use the parimutuel betting system, which means the odds are not locked when you place a bet. They can change up until race time depending on the amount of money wagered on each horse or bet type at the track, relative to the betting pool.
Select ‘Racebook’ from the top menu bar, open the ‘US Thoroughbred’ drop down menu and select ‘Laurel Park’. The Preakness Stakes is race #13 on May 16th (post time: 7:01pm EST).
Select the bet type you want to make (win/place/show, exacta, trifecta, etc), enter your bet amounts and click ‘Add To Bet Slip’. If you are happy with the bets click ‘Submit All Bets’ to confirm the bets.
Make sure you check out our horse betting section for full explanations of the popular bets you can make on the Preakness on race day.
Ready to bet? Click here to visit BetOnline.ag.
Preakness Stakes • Preakness Stakes betting