Horse Racing: Latest Preakness Stakes Betting Odds & Trends

  • Second race of the Triple Crown takes place at Pimlico on May 21
  • Field yet to be confirmed, but rumored contenders include Rich Strike, Secret Oath and Epicenter

It’s fair to say that the Triple Crown got off to a blistering start at Churchill Downs at the start of May, as one of the greatest sporting shocks in history played out in front of our eyes. Rich Strike’s win for trainer Eric Reed and jockey Sonny Leon at odds of +8100 made him the second biggest outsider in history to win the Kentucky Derby, and connections will hoping that their fairytale continues at Pimlico and the Preakness Stakes.

Preakness Stakes Schedule

  • When: Saturday, May 21 2022
  • Where: Pimlico Race Course, Maryland
  • Grade: Grade 1
  • Distance: 1 3/16 Miles
  • Purse: $1.5 million
  • How To Watch: NBC Sports

Preakness Stakes Vegas Odds

Rich Strike+450
Secret Oath+500
Early Voting+1200
Smile Happy+1400
Un Ojo+1600

Preakness Stakes Betting Trends

You’d be forgiven for thinking that trends have gone out the window after Rich Strike’s shock win in the Kentucky Derby. The three-year-old broke many of the main trends when it comes to winning the Churchill Downs showpiece, including the fact that he made his debut on the turf, hadn’t won a graded or stakes race, and qualified after hitting the money on all-weather preps.

Furthermore, he became only the second winner of the famous race from stall 20. However, trends continue to be an important measuring stick, and some of the key Preakness Stakes betting trends from the past ten editions can be found below.

  • No bigger than +1500
  • Horses that didn’t run in G3 or listed stakes on last start
  • Had between one and four wins this season
  • Last win came up to 118 days ago
  • Placed between two and six times this season
  • Had between one and five wins in the past 180 days
  • No bigger than +2400 on previous start

Preakness Stakes Early Contenders


  • Odds: +250
  • Trainer: Steven Asmussen

Steven Asmussen’s Kentucky Derby hoodoo continued this year. Epicenter looked like the most likely winner for a long time in the stretch before being beaten by Rich Strike. However, it’s fair to say, you’d find few racing experts that disagree with the opinion that he was still the best horse in the field.

He would be a deserving favorite for the Preakness, and it looks likely that he will land a big prize in 2022. However, a final decision on whether he runs at Pimlico is yet to be made.

Rich Strike

  • Odds: +450
  • Trainer: Eric Reed

What could you say except wow when it came to Rich Strike’s win in the Kentucky Derby. He only made it into the race after Ethereal Road was scratched 24 hours earlier, but the training feat by Reed can’t be underplayed. Reed nearly retired from the sport after a barn fire six years ago and hadn’t recorded a graded victory throughout his career.

It was an expert ride by Sonny Leon too, who also hadn’t won a graded race before the race at Churchill Downs. The +8100 Derby winner will be shorter for the Preakness, and it could be a case of history repeating itself from the 2009 Preakness.

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Secret Oath

  • Odds: +500
  • Trainer: D. Wayne Lukas

I really liked Secret Oath for the Derby itself before she endured hard luck against the boys in the G1 Arkansas Derby. However, she rallied to finish third in that race, which was a creditable result given the trip she had.

She returned as a +600 chance for the Kentucky Oaks last time out, which were frankly ridiculous odds for a horse of her talent. She produced an excellent display to win the Oaks, as she finished two lengths clear of Nest, and will be looking to become the seventh filly winner of the Preakness. D. Wayne Lukas will also be looking for a record-equaling sixth Preakness win this year.

Early Preakness Stakes Pick and Prediction

The final field will be announced over the next seven days. However, at the current prices, I would be very keen on Secret Oath for the reasons stated above. I also really like the chances of Early Voting for Chad Brown. The three-year-old bypassed the Kentucky Derby and will be among the freshest contenders here. We last saw him finishing second in the G2 Wood Memorial, while he has already won in graded company this year, as he came out on top in the G3 Withers.

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Alex has covered huge sporting events for various websites and publications. He has attended football European Championships, Rugby League and Union World Cups, and the Paralympics. Alex is dedicated to giving the most insightful tips for VegasOdds readers and specialises in horse racing, soccer, golf and basketball.

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