Preakness Stakes Betting: Tradition, Triumph, and Betting Insight

HORSE RACINGNEWS
May 14, 2025

The Preakness Stakes: 150 Years of Tradition, Triumph, and Betting Insight

 

The Preakness Stakes, held annually at Baltimore’s historic Pimlico Race Course, stands as a cornerstone of American horse racing. As the second jewel of the Triple Crown, it has captivated fans and bettors alike since its inception. 

With tightening Preakness Stakes odds and excitement building around Preakness Stakes betting, let’s delve into the rich history and significance of this storied event.

 

Origins and Early Years

 

Inaugurated on May 27, 1873, the Preakness Stakes was named after the colt Preakness, who won the first Dinner Party Stakes at Pimlico in 1870. The inaugural race featured seven starters, with the horse Survivor claiming victory by a remarkable 10 lengths, a record margin that stood for more than a century.

Initially, the Preakness was not consistently held at Pimlico. In 1890, it was run at Morris Park in New York, and from 1891 to 1893, it was not held at all. However, since 1909, Pimlico has been its permanent home, solidifying its place in Baltimore’s sporting culture.

 

Traditions and Symbolism

 

The Preakness is affectionately known as “The Run for the Black-Eyed Susans”, referencing Maryland’s state flower. Each year, the winning horse is draped with a blanket of these blooms, symbolizing victory and state pride. The race is also associated with the Woodlawn Vase, a trophy created in 1860 and considered one of the most valuable in American sports.

 

Notable Records and Achievements

 

Over the years, the Preakness has been the stage for numerous remarkable performances. Secretariat’s 1973 victory is particularly legendary; he completed the 1 3/16-mile race in 1:53, a record time that still stands. Trainer Bob Baffert holds the record for most Preakness wins, with eight victories to his name, surpassing the previous record held by R. Wyndham Walden.

In terms of jockeys, Eddie Arcaro leads with six Preakness wins, showcasing his dominance in mid-20th-century racing. Notably, only six fillies have won the Preakness, with the most recent being Swiss Skydiver in 2020, highlighting the race’s challenging nature for female horses.

 

Betting Trends and Insights

 

For those looking to bet on Preakness, understanding historical betting trends can be invaluable. Favorites have a mixed record; while many have triumphed, upsets are not uncommon. For instance, in 2024, Seize the Grey won the Preakness at 15-1 odds, defying expectations and rewarding those who took a chance on a long shot. Such outcomes underscore the importance of analyzing Preakness Stakes odds carefully.

Post positions have also played a role in outcomes. Historically, horses starting from post position 6 have seen considerable success, while those from the far outside posts have faced challenges. However, each race presents unique variables, making Preakness Stakes betting both exciting and unpredictable.

 

The 2025 Preakness Stakes: A Milestone Event

 

The upcoming 150th running of the Preakness Stakes on May 17, 2025, marks a significant milestone. This year’s race is particularly noteworthy as it will be the final one held at the current Pimlico facilities before a major reconstruction project begins. 

The Maryland Board of Public Works has approved a $14.3 million contract to commence demolition and rebuilding, aiming to transform Pimlico into a year-round economic hub with expanded racing events. During the renovation, the Preakness is scheduled to temporarily relocate to Laurel Park in 2026, with plans to return to a newly rebuilt Pimlico in 2027.

As the Preakness Stakes continues to evolve, its rich history and traditions remain integral to its identity. Whether you’re a seasoned bettor or a casual fan, the race offers a unique blend of excitement, strategy, and heritage. 

To stay updated on the latest odds and place your bets, visit our racebook and be part of this enduring sporting legacy.

 

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