2023 Preakness Stakes: Betting Odds, Wager Menu
Mage at Pimlico for the Preakness Stakes (Photo by Maryland Jockey Club)
May 17th, 2023
Preakness Stakes Morning Line Odds, Wagering Menu, Betting Opportunities and Bet Type Details
Learn the start times of each post time during racing days at Pimlico Park. For the Preakness Stakes, learn what wagers you can place in betting tickets and what payouts or terms and conditions may exist for your betting action.
| Post Position | Horse | ML Odds | Jockey | Trainer |
| 1 | National Treasure | 4-1 | John Velazquez | Tim Yakteen |
| 2 | Chase the Chaos | 50-1 | Sheldon Russell | Ed Moger Jr. |
| 3 | Mage | 8-5 | Javier Castellano | Gustavo Delgado |
| 4 | Coffeewithchris | 20-1 | Jaime Rodriguez | John Slazman, Jr. |
| 5 | Red Route One | 10-1 | Joel Rosario | Steve Asmussen |
| 6 | Perform | 15-1 | Feargal Lynch | Shug McGaughey |
| 7 | Blazing Sevens | 6-1 | Irad Ortiz, Jr | Steve Asmussen |
| 8 | First Mission | 5-2 | Luis Saez | Brad Cox |
Maryland Jockey Club Preakness Meet at Pimlico 2023
Wagering Format and Post Times
| 9 Races | Post Time |
| 1 | 12:25 |
| 2 | 12:55 |
| 3 | 1:24 |
| 4 | 1:53 |
| 5 | 2:21 |
| 6 | 2:52 |
| 7 | 3:24 |
| 8 | 3:57 |
| 9 | 4:29 |
| 10 Races | Post Time |
| 1 | 12:25 |
| 2 | 12:55 |
| 3 | 1:24 |
| 4 | 1:53 |
| 5 | 2:21 |
| 6 | 2:52 |
| 7 | 3:24 |
| 8 | 3:57 |
| 9 | 4:29 |
| 10 | 5:01 |
| 11 Races | Post Time |
| 1 | 12:25 |
| 2 | 12:55 |
| 3 | 1:24 |
| 4 | 1:53 |
| 5 | 2:21 |
| 6 | 2:52 |
| 7 | 3:24 |
| 8 | 3:57 |
| 9 | 4:29 |
| 10 | 5:01 |
| 11 | 5:34 |
Preakness Takeout Rates
| 18% | WPS |
| 21% | EX & DD |
| 15% | Jackpot Super High 5 |
| 12% | Pick 5 |
| 20% | Rainbow Pick 6 |
| 25.75% | All Others |
Preakness Minimum Bet Values
| $1.00 | WPS, EX, DD |
| $0.50 | TRI, P3, P4, P5 |
| $0.10 | SF |
| $1 Min/Max | PF |
| $0.20 Min/Max |
Rainbow Pick 6 |
Preakness Minimum Ticket Values
| $1.00 | TR, SF |
| $0.50 | P3, P4, P5 |
| $1.00 Min/Max | PF |
| $0.20 Min/Max | Rainbow Pick 6 |
Special Wagers:
The Rainbow Pick 6 (P6) is a $0.20 minimum/maximum wwager that pays the jackpot carryover to a single, unique winning $0.20 ticket. Multiple winners or 'best of sixes' split 60% of the daily net pool. The remaining 40% of the daily net pool builds the jackpot carryover.
The 12% Takeout Pick 5's (P5) are $0.50 minimum wagers:
The Early Pick 5 (first 5 races) comes with a Mandatory Payout of the daily Early Pick 5 net pool.
The Late Pick 5 (lat 5 races) pays the daily Late Pick 5 net pool, along with any carryover from previous pools of that same Late Pick 5 wager to bets which contain all the correct selections. If no bet contains all the correct selections, the daily net pool created is divided with 25% going to 'best of fives' and the remaining 75% of the pool carried over to the next program.
ONLY the Late Pick 5 has carryover potential.
Jackpot Super High 5 (PF) is a $1.00 minimum/maximum wager that pays the jackpot carryover to a single, unique winning $1.00 ticket. Multiple winners split 50% of the daily net pool. The remianing 50% of the daily net pool builds the jackpot carryover. If there ar no winning tickets, the entire net pool is carried over to the next qualifying race. This wager will be offered once daily in Race 6
