The 2024 Preakness Stakes, better known as the 149th Running of the Preakness Stakes takes place on Saturday, May 18, at the Pimlico Race Course in Baltimore. All eyes will be on Mystik Dan, who has a chance to win the second leg of the Triple Crown. If he succeeds in the Preakness, he will seek to become the first horse since Justify in 2018 to win all three legs of the Triple Crown. If you’re a horse racing fanatic, this should be one of the best sporting events of the year to watch – and to bet on.

In our guide on how to bet on the Preakness, I will go over how to place a wager on this year’s big horse racing using mobile apps on your phone. So read on, and find out how to do it!

Best Preakness Stakes Promo Codes

If you want to bet on the Preakness Stakes this year, you can take advantage of some great welcome offers for new users.

FanDuel Racing Preakness Promo Code

New customers can sign up for the FanDuel Racing Preakness Stakes Promo Code and claim one of two available welcome offers depending on what state they are in.

For new FanDuel Racing customers in non-sports betting states (AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, WA), you can get a $500 No-Sweat First Bet. First, sign up for a new FanDuel Racing account and then place any horse racing bet on any horse race. If your bet loses, you will get back up to $500 in racing site credits. You can use your racing site credits only at FanDuel Racing, and you get up to seven days to use your racing site credits.

For all FanDuel Racing customers in FanDuel-regulated sports betting states (AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY), you can get a $20 No-Sweat First Bet. First, sign up for a new FanDuel Racing account (or use your existing account if you already have one) and then place a bet on one single horse to win the Preakness for up to $20. If your bet loses, you will get back up to $20 in racing site credits. You can use your racing site credits only at FanDuel Racing, and you have until June 10 to do so.

DK Horse Preakness Promo Code

The DK Horse Preakness promo code gives new customers a 100% deposit bonus for up to $250. Just sign up for a new DK Horse account and deposit at least $25. For every $50 wagered at DK Horse, customers will receive a $25 bonus credited to their account, up to a total of $250 in bonuses, which satisfies the 2x play-through requirement. All qualifying wagers for the DK Horse welcome offer must settle within seven days of creating a new DK Horse account. 

DK Horse is available in the following states: California, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Montana, New York, Ohio, Oregon, Pennsylvania, Virginia, Washington, West Virginia, and Wyoming.

TwinSpires Preakness Stakes Promo Code

The TwinSpires Preakness promo code gives new users $200 in bonus bets for betting on horse racing. For every $400 wagered on horse racing, you will unlock $100 in bonus bets, meaning you would need to bet $800 on horses to get the full $200 in bonus bets. You get 30 days from when you create a new TwinSpires account to unlock the full amount of bonuses.

How To Bet On The Preakness Stakes

The first step to placing your Preakness wagers online is to choose the betting site you want to use. At Bookies.com, we’ve got all of the best Preakness betting sites and apps in one place, where you can also claim Preakness betting promos if you're a new customer. To get your hands on these, click on the offers found on our site to go to your chosen betting site. From there, it's a case of entering your details and opening a new account. Make sure you enter the Preakness promo code if there is one required.

Once you have signed up and made your first deposit, head on over to the Preakness betting odds. On Saturday, the Preakness should be front and center on all betting sites, since it's such a big event. If it's not, go to Horse Racing and then to Pimlico to find the race.To place a bet on your selection, click the odds beside your chosen horse. This will add it to the betslip. The betslip should pop up automatically, or you might need to click the 'Betslip' button for it to appear. You'll see a box to enter your stake. Type in the amount you want to bet on your selection and hit the 'Bet Now' or 'Place Bet' button. You should get confirmation within just a couple of seconds that your bet has been successfully placed.

Different bettors have their own way of picking their Preakness bets. Some like to do the research themselves, while others prefer to follow experts' opinions. Here at Bookies.com, our handicappers have put together their Preakness picks for you. We've also provided a list of different Preakness betting markets that will be available.

• Win: Bet on a horse to win a race.
• Place: Bet on a horse to win, or come in second in a race.
• Show: Bet on a horse to win, come in second, or come in third in a race.
• Each-way bet: Make two bets on one horse, first on a horse to win a race, and second on a horse to place.
• Quinella bet: Bet on two horses to come in first and second place in any order.
• Exacta bet: Bet on a horse to win a race, and bet on a horse to come in second place, in the correct order.
• Trifecta bet: Bet on a horse to win a race, bet on a horse to come in second place, and bet on a horse to come in third place, in the correct order.
• Superfecta bet: Bet on a horse to win a race, bet on a horse to come in second place, bet on a horse to come in third place, and bet on a horse to come in fourth place, in the correct order.

2024 Preakness Betting Odds

Here is the list of post positions, horses, horse trainers, jockeys, and morning-line odds for the 2024 Preakness:

1. Mugatu, Jeff Engler, Joe Bravo, 20-1

2. Uncle Heavy, Butch Reid Jr., Irad Ortiz Jr., 20-1

3. Catching Freedom, Brad Cox, Flavien Prat, 6-1

4. Muth, Bob Baffert, Juan Hernandez, 8-5

5. Mystik Dan, Kenny McPeek, Brian Hernandez Jr., 5-2

6. Seize the Grey, D. Wayne Lukas, Jaime Torres, 15-1

7. Just Steel, D. Wayne Lukas, Joel Rosario, 15-1

8. Tuscan Gold, Chad Brown, Tyler Gaffalione, 8-1

9. Imagination, Bob Baffert, Frankie Dettori, 6-1

Arkansas Derby winner Muth has been named the 8-5 morning-line favorite for Saturday’s $2 million Preakness Stakes. Kentucky Derby winner Mystik Dan is the second choice in the morning line at 5-2 odds.

It should be a thrilling race, so bet on the 2024 Preakness today at the top racebooks mentioned in this betting guide, which include FanDuel Racing, DK Horse, and TwinSpires. We promise you, it will make the big race that much more exciting if you bet on it!

Do you know who will win the 2024 Preakness Stakes? Then bet on this year’s big horse race!