The Preakness Stakes, the second leg of the Triple Crown, takes place this weekend for the 146th time. The race is fraught with intrigue due to on- and off-track storylines, which are sure to increase viewing and betting interest.

Several states, including some that have yet to legalize online sports betting on other leagues and events, allow online betting on the Preakness Stakes. However, there are numerous ways to participate in the Preakness action through various prop bets. Preakness Stakes odds, types of bets, and picks are all included in this comprehensive guide on how to place a wager on this year’s Run for the Black-Eyed Susans.

What is the Preakness Stakes?

Ten jockeys will lead their respective teams’ horses down one 3/16-mile stretch at Baltimore’s Pimlico Race Course in the 146th renewal of the second leg of the Triple Crown. In addition, 31 states have legalized Preakness Stakes betting as the race approaches, including Pennsylvania, New York, Florida, Illinois, and Michigan. 

In addition, legal Preakness Stakes betting is available in more states than online sportsbooks, allowing an even more significant number of bettors to easily access a variety of Preakness Stakes markets and place legal wagers.

The Triple Crown races consistently generate a lot of interest, and this year is no exception. If you’re looking to place a legal online wager on the Preakness Stakes, you should visit TVG, FanDuel Sportsbook’s sister site. When it comes to the accurate go-to site for bettors interested in legal online Preakness Stakes betting, TVG’s enticing new user bonus and user-friendly betting experience make it an excellent place to begin betting on legal online Preakness Stakes.

Betting on the Preakness Stakes Online

While some may argue that there are numerous places where interested bettors can legally wager on horse races, those seeking to use the industry’s gold standard should look no further than TVG (Television Games Network).

Numerous bettors in states where online sports betting is legal can attest to the app’s clean, seamless user interface.

The parent company of both TVG and FanDuel Sportsbook is the same. As a result, many of the UI functionalities and features available on the FanDuel Sportsbook app are also available on the TVG platform, making it arguably the simplest way to place legal, regulated online bets on the Preakness Stakes.

How to Register for and Bet on the Preakness Online this 2022

When you use TVG, placing your Preakness Stakes wagers online is simple. The steps are as follows:

  1. Sign Up

You can sign up for TVG and receive a risk-free bet worth up to $300.

  1. Create Account

When you sign up for TVG, you’ll be asked for basic information such as your name, phone number, address, date of birth, and the last four digits of your social security number. Additionally, you’ll need to create a username and password before you can begin betting.

  1. Deposit Funds

Your Risk-Free bet will increase in value as you deposit more money. If you deposit $200, for example, your Risk-Free bet will also be $200. This is capped at $300. TVG accepts  TVG Prepaid Card, eCheck,  Debit/Credit Cards, check/money order, and wire transfer as deposit methods. 

Additionally, you can deposit at brick-and-mortar racetracks in  New Jersey, Iowa, Kentucky, Illinois,  Massachusetts, Washington, and California.

States That Allow Online Betting on the Preakness Stakes

While online legal sports for preakness horse betting has been gradually implemented to this point, the legislation required to allow wagering at racebooks has been approved in a much larger number of states for a much more extended period. The following states have enacted legislation allowing wagering on the Preakness:

  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Montana
  • New Hampshire
  • New Mexico
  • New York
  • North Dakota
  • Ohio
  • Oregon
  • Rhode Island
  • South Dakota
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wyoming

Bettors can rejoice as the industry’s best platform for placing legal Preakness Stakes wagers, TVG, available in each state.

The Preakness Stakes’s Biggest Long Shots

While it is improbable that Ram will win the 146th Preakness Stakes at 30-1 odds, it is worth noting that some long shots have pulled off spectacular upsets in the past.

Master Derby took a commanding lead midway through the 1975 Preakness Stakes, defeating Foolish Pleasure and winning at 23-1 odds. Fifty years ago, Coventry shocked the world by winning the first Preakness Stakes over a 1 3/16 mile stretch at 21-1 odds. In 1926 and 1972, respectively, Display (19-1) and Bee Bee Bee (18-1) ran their best races.

Long Shot

Rombauer will start at 12-1, the fifth-best odds in the field of ten horses, in the 146th Preakness Stakes. Rombauer qualified for the Preakness Stakes by winning the synthetic-surfaced El Camino Real Derby.

The horse owners chose to focus on obtaining an automatic bid to the Preakness over-allocating the funds necessary to compete in the Kentucky Derby. Perhaps it will bear abundant fruit.

Best Bet

Medina Spirit, the Kentucky Derby winner, is the 9-5 favorite to win the second leg of the Triple Crown. While that makes the most sense, we’d consider Midnight Bourbon as a possible upset candidate in what should be a stronger showing. Occasionally, a strong horse can become entangled in a tangled group of horses in a race with twenty horses. With a field size of half that of the Preakness, Midnight Bourbon should have ample opportunity to shine.

Final Thoughts

Each May, the Preakness stakes are available at online racebooks worldwide. Online racebooks make horse betting extremely simple, with the Triple Crown races being one of the season’s most popular events. The advantage of online racebooks offering Preakness stakes is the ability to place last-minute wagers. This is simple to accomplish when comparing Preakness stakes at an online racebook to those at the track; making last-minute wagers on the track can be challenging due to the lines and crowds.