2021 Preakness Stakes Odds: Medina Spirit The Betting Favorite

An early look at the betting for the 2021 Preakness Stakes which includes the Kentucky Derby winner; Medina Spirit
Sam Eaton
Fri, May 7, 12:53 PM EDT

2021 Preakness Stakes Latest Odds

After a huge upset in the Kentucky Derby, horse racing enthusiasts are chomping to have a wager on the next race of the Triple Crown, which is the Preakness Stakes.

After a jaw-dropping run in the Kentucky Derby, Medina Spirit has been installed as the favorite in the 2021 Preakness Stakes odds market. Medina Spirit was the shock winner of the 147th running of the Kentucky Derby.

Kentucky Derby bettors could get 12/1 on Medina Spirit winning before the race last weekend, however, the odds aren’t as generous heading into the Preakness. Medina Spirit is the betting favorite in the Preakness Stakes odds market, with sportsbooks setting the odds at 7/4.

Essential Quality was the short priced betting favorite heading into the Kentucky Derby, but finished fourth. Despite that poor showing, Essential Quality would have likely been favorite in the Preakness Stakes odds market, but has been pulled out of the race. King Fury was another who would have been prominent in the odds market, that horse has also been pulled out.

Concert Tour has been given odds of 2/1 to win the Preakness Stakes next weekend, and will likely be Medina Spirit's main threat.

O Besos, Midnight Bourbon, Risk Taking and Rombauer are the only other horses who have been given odds of under 10/1 to win the Preakness Stakes.

Latest Preakness Stakes Odds

See the latest Preakness Stakes odds below

Horse

Odds

Implied % Chance Of Winning

Medina Spirit

7/4

36.4%

Concert Tour

2/1

33.3%

O Besos

7/1

12.5%

Midnight Bourbon

8/1

11.1%

Risk Taking

8/1

11.1%

Rombauer

9/1

10%

Tarantino

14/1

6.7%

Keepmeinmind

14/1

6.7%

Crowded Trade

16/1

5.9%

Get Her Number

20/1

4.8%

Unbridled Honor

20/1

4.8%

France Go De Ina

25/1

3.8%

Ram

25/1

3.8%

2021 Preakness Stakes Betting

Since the Preakness Stakes odds became available, bettors have been very keen on the favorite Medina Spirit, who has accounted for 50% of total bets with OddsChecker UK. This should come as no surprise as the Kentucky Derby winner is always popular to follow up in the Preakness.  As we get closer to race time, you can expect that trend to continue and Medina Spirit to shorten to nearer Evens.

Of the rest of the runners, Concert Tour has been the second best backed horse with 24% of bets, whereas Mandaloun and O Besos has seen just a few wagers placed. 

How To Bet On The 2021 Preakness Stakes

If you are looking to bet on the 2021 Preakness Stakes there are a couple of options available to you. Thousands of users downloaded the TVG app last week for the Kentucky Derby, and took advantage of our exclusive TVG promo code.

Here’s how you can claim our TVG promo code, and get a huge Preakness Stakes promo.

1. Open a TVG account using this exclusive offer link below

2. Once you’ve clicked on the TVG promotional offer above, you will be taken to their landing page

3. On this page fill out your details, and enter the exclusive TVG promo code “RISKFREE300”

4. Once you’ve entered the TVG promo code you’ll need to deposit – remember with the promo code you get a $300 Risk-Free bet so we recommend depositing between $100 to $300 to get the most out of the promo code.

5. Once you’ve deposited into your TVG betting account you’ll need to place your first single horse win-type bet. Remember with the TVG promo code you will get $300 back in bonus if you don’t win.

If you already have the TVG app, then you could join Twinspires for the Preakness Stakes. New Twinspires users can claim a $200 bonus when joining for the 2021 Preakness Stakes.

Just like TVG, if you are joining Twinspires this week, make sure you use our exclusive Twinspires promo code. Follow the simple steps below to join Twinspires, and to use our Twinspires promo code.

1 – Open an account with Twinspires by clicking the exclusive button below

2 – Use Twinspires promo code ‘BET200’ when you register

3 – Complete the simple registration process

4 – Make a qualifying deposit of $10

5 – Place a bet on ANY market and start earning your $200 cash bonus

What Is The Preakness Stakes?

The Preakness Stakes is the second-leg of the American Triple Crown, and like the Kentucky Derby is a Grade 1 thoroughbred stakes race.

The race was first run in 1873, and the race traditionally takes place two weeks after the Kentucky Derby in mid-May, however, was moved to October in 2020 due to Covid.

The Preakness Stakes is ran at Pimilco Race Course in Baltimore, and is ran on dirt over 9.5 furlongs.

When Is The Preakness Stakes?

The 146th Preakness Stakes takes place two weeks after the Kentucky Derby on Saturday, May 15. The Preakness Stakes will be covered on NBCSN and the coverage is set to start at 2pm on the Saturday.

The post time for the 2021 Preakness Stakes is 6:50pm ET.

What Are Medina Spirit's Odds To Win The Preakness Stakes?

Online sports betting sites have installed Medina Spirit as favorite in the Preakness Stakes odds market. Medina Spirit is currently 7/4 to win the Preakness, which infers the horse has a 36.4% chance of winning.

2021 Triple Crown Odds

Bob Baffert has trained the last two Triple Crown winners (Justify 2018 & American Pharoah 2015), which puts Medina Spirit in the perfect position to complete the prestigious triple.

Online sports betting sites are offering odds of 11/4 that there will be a Triple Crown winner, which implies a 26.7% chance Medina Spirit will win the Triple Crown.

2021 Triple Crown Odds: Will There Be A Triple Crown Winner?

Yes – 11/4

No – 2/5

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