How To Bet On 2023 Preakness Stakes From Washington or Oregon

By Horse Racing

It’s Preakness week! The 2023 Preakness Stakes will take place at Pimlico Race Course in Maryland on Saturday, May 20th. The race has a post time of 7:01pm EST and will be available to watch on NBC.

Mage, the Kentucky Derby winner, enters the Preakness as the 8-5 morning line favorite. A win for Mage at the Preakness would keep the potential for a Triple Crown alive heading into the Belmont Stakes in June.

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

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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.

2023 Preakness Stakes Winner Odds

Here are the fixed race winner odds for the 2023 Preakness Stakes from BetOnline. The odds below are from May 18th, a couple days before the Preakness. To see the live odds head to BetOnline.ag, open the ‘Horse Racing’ drop down menu in the sportsbook and select ‘Horses Daily’ -> ‘Pimlico’.

Mage is the favorite, while First Mission, National Treasure, and Blazing Sevens are the other contenders in the 8 horse field.

**You can also bet on the Preakness in the Racebook by opening the ‘US Thoroughbred’ drop down menu, selecting ‘Pimlico’, and selecting race #13 on May 20th.

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’ -> ‘Pimlico’. Here’s a screenshot showing the clicks to place a Preakness bet in the sportsbook (screenshot taken May 18th – two days before the Preakness):

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 ‘Pimlico’. The Preakness Stakes is race #13 on May 20th (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.


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