A Beginner's Guide to the Preakness Stakes – America's Best Racing

For a race that has 147 years of history behind it, the Preakness Stakes is an incredibly modern event. Half elite day of horse racing, half festival, the middle jewel of the Triple Crown (comprised of the Kentucky Derby Presented by Woodford Reserve, the Preakness Stakes, and the Belmont Stakes Presented by NYRA Bets) has evolved into a destination event for sports and music fans across the country.
If you’re new to the Preakness Stakes, we have the answers to your most important questions about Baltimore’s biggest party.

The Preakness is the middle jewel of the Triple Crown; and while the Kentucky Derby can boast three female winners, the Preakness has welcomed six fillies to its winner’s circle: Flocarline (1903), Whimsical (1906), Rhine Maiden (1915), Nellie Morse (1924), Rachel Alexandra (2009), and Swiss Skydiver (2020). 
The Preakness is especially exciting because it’s the race that determines whether we’ll be rooting for a Triple Crown winner again in 2023. All eyes will be on Pimlico Race Course in Baltimore on the third Saturday in May to see whether 2023 Kentucky Derby winner Mage can cover 1 3/16 miles faster than the competition.
The Preakness also offers up the most valuable trophy in all of sports: the divine Woodlawn Vase was originally created in 1860 by Tiffany and Company and was assessed in 1983 to be valued at $1 million … that’s $3,042,741 in 2023 when adjusted for inflation.
The Preakness Stakes has traditionally been run two weeks after the Kentucky Derby, which (almost) always occurs on the first Saturday in May. There are exceptions, though: due to the pandemic, the 2020 Preakness was on Oct. 3; additionally, while the Preakness has been run on a Saturday every year since 1931, it has gone off on every day of the week except for Sunday. In its long history, the Preakness has been held on Tuesday 14 times, Friday 13 times, Monday six times, Wednesday five times, and Thursday four times.
The Maryland Jockey Club actually predates the United States of America: the former was founded in 1743 and the latter in 1776, making the Maryland Jockey Club the oldest sporting association in the country. Racing began at present-day Pimlico in Baltimore in 1870, and the very first Preakness Stakes was run in 1873.
You know how sometimes you go to what you think is going to be a quiet dinner with friends and the evening sort of gets a lot bigger than you thought it was going to get? That happened in 1868 when a group of horse owners got together in Saratoga Springs, N.Y., after the races one summer evening. The dinner party was so much fun that attendee John Hunter proposed that the party be commemorated by running a horse race in the fall of 1870 for 3-year old Thoroughbreds called Dinner Party Stakes. Maryland’s then-Governor Oden Bowie upped the ante, suggesting that the purse of the race be $15,000 (that’s $345,613-ish in 20223) and that the race should be held in Maryland. He even promised to build a new racetrack to host the event, and Pimlico Race Course was born. The very first horse to win the race was Preakness in 1870, and the rest, as they say, is history.

After what I think we all can agree was a pretty weird 2020 and a 2021 where some pandemic restrictions were still in place, the Preakness welcomed more fans back 2022 with estimated attendance over 60,000. Tickets are available at many different price ranges from general admission to the ultimate VIP experience. You decide how you want to experience the middle jewel of the Triple Crown. 
You should also check out the list of what you can and cannot bring into Pimlico on Preakness day to make sure you aren’t running laps from your car to the track instead of enjoying a day at the races. Leave your drones and balloons at home, friends.
Planning to watch at home? NBC Sports will provide coverage of the middle jewel of the Triple Crown on Saturday, May 20. Check back soon for air times. 
Did you fall in love with handsome, chestnut longshot Mage after his win in the Kentucky Derby? His connections are planning to send him to the Preakness! If he’s not your horse, don’t worry: you’ll very likely have many more chances to fall in love before May 20 since the Preakness is shaping up to feature a deep, talented field.
We have plenty of resources to help you pick a Preakness winner. If you want all of the details and a deep dive on each horse in the field, be sure to check out Patrick Reed’s Preakness Cheat Sheet. If you are more of the TLDR type looking for something fast and easy, Bob Ehalt’s Preakness At a Glance is probably a perfect fit. For those who love research and analytics, we have tips from Noel Michaels on what factors to consider, Keeler Johnson’s historical tips and trends to consider, and Equibase handicapper Ellis Starr’s in-depth analysis. They say a picture is worth a thousand words, so be sure to check out our slideshow of this year’s Preakness contenders.

It’s incredibly easy to bet the Preakness Stakes, even if you’re not able to attend. It’s legal in 37 states to bet from home using what’s called an “advance deposit wagering” platform – essentially an app or website that allows you to load up your account and bet from wherever you like. One piece of advice: the key word here is “advance,” so make sure to set your account up as early as possible since sometimes it takes a day to process the funds.
Speaking of betting online, can I recommend 1/ST? They the official digital wagering platform of the Preakness. America’s Best Racing also is a big fan of NYRA Bets, which is the sponsor our Gambling Calculator which will help you figure out the costs of your bet.
If you’re new to betting on horse racing, welcome! We’re here to help. If you need some information on how to start, we have a post called “Betting on Horse Racing, Explained” with a focus on bettors just like you. Here’s a taste to whet your appetite:
The Basics
Win bet – A bet on a horse to finish first.
Place bet – A bet on a horse to finish first or second.
Show bet  A bet on a horse to finish in the money; third or better.
In the money – A horse that finishes first, second, or third.
Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. It’s actually three bets.
Morning line – The odds that the track handicapper predicts a horse will be to win the race when it starts.
Did you Know? – The record for money bet on Preakness Stakes day was in 2021 when $112,504,509 was wagered on racing.
The Preakness has become one of the biggest parties of the spring since the inception of InfieldFest in 2010, which combines a music festival with some of the best horse racing in America. Past headliners have included Lorde, Childish Gambino, Sam Hunt, Zedd, The Chainsmokers, Maroon 5, Bruno Mars, Fetty Wap, Armin van Buuren, D-Nice, and 2 Chainz.
Now called the Preakness LIVE Culinary, Art & Music Festival, this year’s event May 20 is headlined by superstar Bruno Mars, with appearances by SOFI TUKKER, DJ Chantel Jeffries, Martin 2 Smoove, and more, plus celebrity chefs and artist installations – culminating with the 148th running of the Preakness Stakes.

Horse racing is a sport often defined by its traditions, and the Preakness has some great ones. For example, the Preakness’s sister race, the Black-Eyed Susan, is held the Friday of Preakness week; the Black-Eyed Susan is also the official cocktail of the Preakness as well as the type of flower that makes up the garland that adorns the race winner’s neck. Other traditions include painting the silks on the jockey at the top of the replica of the Old Cupola in the Preakness winner’s circle as soon as the race becomes official. There’s also a singalong of “Maryland, My Maryland” as the Preakness runners head to the starting gate in what is known as the post parade.
One of the great traditional events of Preakness week is the Alibi Breakfast, an annual brunch that earned its name because of the tall tales told by racetrack folks – big bets, big payouts, and big loss stories usually can’t really be corroborated, but everyone tries to come up with an alibi. Nowadays, it’s a gathering of the owners, trainers, and jockeys participating in the Preakness swapping stories about their horses and mingling with fans and media.
Racehorses come in many different sizes, ranging from about 900 to 1,400 pounds, and colors, including Bay, Black, Chestnut, Dark Bay or Brown, or Gray or Roan. There also has been in recent years an increase in White Thoroughbreds. Many racehorses stand out because of markings, like a white blaze or star on their heads or one or more white legs or feet. When a Thoroughbred is born, it is called a foal, which is a name for a young horse in the first year of its life. Thoroughbreds are called weanlings after they have been separated from their mothers; and a yearling refers to a male or female Thoroughbred in its second calendar year of life, which commences Jan. 1 of the year following its birth, and Jan. 1 is the official birthday for all Thoroughbreds. All Thoroughbred racehorses must be registered according to the guidelines of The Jockey Club and races begin for racehorses in the spring of their 2-year-olds seasons.
Did You Know? More than half of the Preakness Stakes winners have been Bay (brown coat with a black mane and tail) with 77 of 147 winners to the color’s credit.
Some of the best male and female racehorses go on to a breeding career in retirement, but only the best male racehorses become sires (fathers) and roughly 27,000 to 33,000 female Thoroughbreds are bred each year. The good news is Thoroughbred racehorses are incredibly versatile and often go on to second careers at what is called OTTBs (off-track Thoroughbreds).
Thoroughbreds are smart, competitive animals and if they’ve spent time stabled at a racetrack, which the vast majority have, they’ve seen and heard pretty much everything. Retired racehorses can go on to second careers in Dressage, Eventing, Show Jumping, Polo, etc. Each year the Retired Racehorse Project hosts the Thoroughbred Makeover, the largest Thoroughbred retraining competition in the world for recently-retired ex-racehorses. OTTBs can become pleasure horses and sometimes they just live a life of leisure, ranging from those at Old Friends in Georgetown, Ky. to others who simply get adopted by someone who followed their career or loves horses. In recent years, studies have also shown racehorses can be powerful partners for therapy, including Equine-Assisted Therapy for treating veterans with PTSD and the Square Peg Foundation for students. The Thoroughbred industry created the Thoroughbred Aftercare Alliance, funded initially by Breeders’ Cup Ltd., The Jockey Club, and Keeneland Association. The TAA is a 501(c)(3) nonprofit that accredits, inspects, and awards grants to approved aftercare organizations to retrain, retire, and rehome Thoroughbreds using industry-wide funding. Since 2012, the TAA has granted more than $20.7 million to accredited aftercare organizations and 11,000 Thoroughbreds have been retrained, rehomed, or retired by accredited organizations.
One Preakness runner who has gone on to great success off of the track is Icabad Crane, who finished third in the 2008 running and is owned and campaigned by Olympic equestrian Phillip Dutton.

A Beginner's Guide to the Preakness Stakes - America's Best Racing

Exaggerator winning the Preakness. (Eclipse Sportswire)

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