In horse racing betting, few moments influence Preakness Stakes odds as much as the post position draw. While the morning-line odds reflect a horse’s past performances and projected potential, the gate assignment can significantly tilt perceptions and shift the Preakness Stakes betting market overnight.

The 150th Preakness Stakes will captivate horse racing enthusiasts on Saturday, May 17, 2025, at Baltimore's historic Pimlico Race Course. As the second jewel of the Triple Crown, this race often features top contenders from the Kentucky Derby and introduces fresh talent aiming to make their mark.

As the 2025 Preakness Stakes approaches, horse racing fans are diving into the latest updates on contenders, hoping to spot value early in the odds before post positions are set. 

The 2025 Triple Crown season took an unexpected turn when Kentucky Derby winner Sovereignty was withdrawn from the Preakness Stakes. This decision effectively ended hopes for a Triple Crown winner this year

The dream of a Triple Crown winner in 2025 has ended before the second jewel of the series. Sovereignty, the impressive winner of the Kentucky Derby, will not compete in the Preakness Stakes on May 17.