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BetMGM Preakness Stakes: How to Bet on the Preakness Stakes With BetMGM Horse Racing

Find out how you can bet on the Preakness Stakes on BetMGM Horse Racing this weekend with our BetMGM Preakness Stakes betting guide.
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BetMGM Preakness Stakes: How to Bet on the Preakness Stakes With BetMGM Horse Racing

Today, horse racing fans will be tuning into the second leg of the Triple Crown, the Preakness Stakes, as Kentucky Derby winner, Mystik Dan looks to win a second race in a row.

The Preakness Stakes may not have the same reputation or attract the same crowds as the Kentucky Derby, but it plays an important part in the US horse racing calendar, and the Triple Crown is a coveted achievement!

One of the best horse racing betting sites you will see this weekend is BetMGM Racebook, and we are here to give you all the information you need to bet on the official BetMGM sportsbook racing platform.

BetMGM is always considered one of the best sportsbooks in the United States sports betting market, but how does their Racebook stand up among the best?

BetMGM Racebook offers competitive odds and several betting types and we are going to provide a guide below, of how you can bet on the Preakness Stakes this weekend.

BetMGM Racebook Betting Guide for the Preakness Stakes

There are several betting markets for the Preakness Stakes and BetMGM Racebook offers all of them, so this is a great place to bet on the big race.

Wager typeExplanation
ShowYour horse must finish 1st, 2nd, or 3rd
PlaceYour horse must finish 1st or 2nd
WinYour horse must finish 1st
QuinellaYour horses must finish 1st and 2nd in either order
ExactaYour horses must finish 1st and 2nd in exact order
TrifectaYour horses must finish 1st, 2nd, and 3rd in exact order
SuperfectaYour horses must finish 1st, 2nd, 3rd, and 4th in exact order
Daily DoubleYour horses must win the two consecutive races
Pick-3Your horses must win three consecutive races
Pick-4Your horses must win four consecutive races
Pick-5Your horses must win five consecutive races
Pick-6Your horses must win six consecutive races

BetMGM Preakness Stakes odds

You can compare the latest Preakness Stakes odds on oddschecker, and BetMGM Racebook offers very competitive odds for the race in Pimlico.

Post PositionHorseOdds
2Uncle Heavy20-1
3Catching Freedom6-1
5Mystik Dan5-2
6Seize the Grey15-1
7Just Steel15-1
8Tuscan Gold8-1

BetMGM Racebook is an excellent platform, but one of the drawbacks is that it is only available in a small number of states.

You can bet on BetMGM Racebook in Florida, Louisiana, and Ohio, so if you are in these three states, you should sign up for BetMGM.

Best Alternatives to BetMGM Racebook

If you are not in one of the three states listed above, which will be a lot of you, then you are going to be looking for an alternative to the Racebook. Below, we will provide the best alternatives to BetMGM.

FanDuel Racing: Preakness 2024 Offer

FanDuel Racing is overall our favorite horse racing product. Thanks its wide availability and great user experience, akin to that of FanDuel Sportsbook, this is the place to bet on the Preakness Stakes.

Sign up for FanDuel Racing today, and you can claim an epic promo ahead of the Preakness Stakes this evening.

If you are in AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, and WA, then the promo is extremely generous, as you can claim a $500 No Sweat First Bet for the Preakness Stakes.

This would be the best offer for users looking to place a big bet on the favorite, Mystik Dan for example.

Users in AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, and WY will also be rewarded for signing up for a FanDuel Racing account, but will only receive a $20 No Sweat First Bet.

Sign up for FanDuel Racing by CLICKING HERE or follow the steps below:

1) Click on the "Claim Your Bet Now" button below, which will take you to your relevant FanDuel Racing page

2) Complete your FanDuel Racing registration

3) Deposit into your new FanDuel Racing account for the first time.

4) Place your first real-money wager on any race, including the Preakness Stakes

5) If your first wager loses, get a refund as a Racing Credit up to $500 (depending on your state location) thanks to the FanDuel Racing promo code

Twinspires Preakness Stakes: Claim $200 With the Twinspires Offer Code

Twinspires is another great place to bet on the Preakness Stakes, and while they are the official racing partner of the Kentucky Derby, they also offer a great betting experience for other races, like the Preakness Stakes.

You will be rewarded with a maximum $200 bonus when betting on the Preakness Stakes, as you are rewarded for signing up and placing your first bets with Twinspires.

Your $200 bonus will be paid out in 2 x $100 increments, and you will receive one each time you bet $400 on racing.

Follow the steps below to sign up now.

Step 1: CLICK HERE or on the offer button below, which will take you to the TwinSpires registration page

Step 2: Register for an account by following the steps provided on the screen - Make sure to enter the Twinspires Offer Code BET200. This will be added automatically by clicking our links, but you will want to check it is still in place before completing your registration.

Step 3: Make your first deposit, so you are ready to place your qualifying wagers on the Preakness Stakes or any other races this weekend

Step 4: Unlock a $200 TwinSpires bonus once you have reached the required wager amounts this weekend


Tom Jacobs is the host of the Lost Fore Words golf podcast and has been writing betting articles on golf for the past decade. Tom also co-hosts the DP World Tour Picks & Bets show on the Mayo Media Network, so has his finger on the pulse on all the major Tours. A long-suffering Nottingham Forest fan, Tom also enjoys watching Soccer at the weekend, and was delighted to see his Forest team win promotion this season!


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