2023 Preakness Stakes Odds & Betting Results

The 148th Preakness Stakes or what is often called "The Run for the Black-Eyed Susans" highlights the second leg of the 2023 Triple Crown.

The 2023 event took place on Saturday May 20 at Pimlico Race Course from Baltimore, Maryland.


National Treasure, a 5-2 betting choice, captured the 2023 Preakness Stakes on Saturday May 20.

Jockey John Velazquez and National Treasure held off a super-fast Blazing Sevens down the stretch to capture the race by a head in a time of 1:55:12 over the 1 3/16-mile race.

Trainer Bob Baffert found himself in the Preakness Stakes winners' circle for the eighth time in his career.

The 2023 Kentucky Derby winner Mage finished in third place by 2 1/4 lengths.

Jockey John Velazquez celebrates after winning the 148th Running of the Preakness Stakes with National Treasure. (Getty)

2023 Preakness Stakes Results

1) 1 National Treasure ($7.80, $4.00, $2.60)
2) 7 Blazing Sevens ($5.00, $2.80)
3) 3 Mage ($2.40)

2023 Preakness Stakes Payouts

$1 Exacta (1–7) $15.90
$1 Trifecta (1–7–3) $24.20
$1 Superfecta (1–7–3–5) $72.40
$1 Super High Five (1–7–3–5–2) $164.90

2023 Preakness Stakes Finish Order

Finish (Post - Odds)

  1. (1) National Treasure 4-1
  2. (7) Blazing Sevens 12-1
  3. (3) Mage 6-5
  4. (5) Red Route One 13-1
  5. (2) Chase The Chaos 50-1
  6. (6) Perform 35-1
  7. (4) Coffeewithchris 19-1

Preakness Stakes Odds

The 2023 Preakness Stakes will have seven horses looking to capture the second leg of the Triple Crown.

As of Saturday morning, TwinSpires was providing the latest odds:

1) National Treasure 4-1
2) Chase The Chaos 50-1
3) Mage 6-5
4) Coffeewithchris 19-1
5) Red Route One 13-1
6) Perform 35-1
7) Blazing Sevens 12-1

Until the race takes place, bettors can check out TwinSpires for the live betting odds for the 148th running of the Preakness Stakes.

Preakness Morning-Line Odds

Listed below were the official morning-line odds for the eight-horse field for the 148th running of the Preakness Stakes.

Mage, the 2023 Kentucky Derby winner, has been installed as the 8-5 betting favorite for the second leg of the Triple Crown.

1) National Treasure 4-1
2) Chase The Chaos 50-1
3) Mage 8-5
4) Coffeewithchris 20-1
5) Red Route One 10-1
6) Perform 15-1
7) Blazing Sevens 6-1
8) First Mission 5-2 (Scratched)

The No. 8 horse, First Mission, was scratched on Friday. The colt was listed as the second betting favorite at 5-2 odds behind Mage.

The current field for the 2023 Preakness Stakes is expected to have seven runners.

Kentucky Derby winner Mage is the 2/1 favorite in Preakness odds. (Getty)

Preakness Stakes Betting Trends

Leader of the Pack

UPDATE 6 P.M. ET SATURDAY: An hour before post time, Mage remains the 2/1 favorite (+200) in parimutuel betting. But second choice National Treasure has closed the gap another tick, now sitting at +250.

In fixed odds – ostensibly standard outright/futures betting – Circa Sports has Mage at -105. So it appears the parimutuel price will likely pay better. Ed DeRosa, horse racing oddsmaker and vice president of content and product development for Horse Racing Nation, expects Mage's price to remain stable.

"If you're a fan of Mage, then the win poll is all you need. He has held steady at 2/1 and doesn't figure to be lower than 3/2 at this point," DeRosa said. "If you're looking to beat Mage, then you want to do it in the exotic pools, as he is taking more money there."

DeRosa's exotic recommendation: An exacta box of 1/5/6/7 – National Treasure, Red Route One, Perform and Blazing Sevens.

UPDATE NOON ET SATURDAY: Several hours before the approximate 7 p.m. ET post time, Mage is the 2/1 favorite (+200) in parimutuel betting. However, in fixed odds, Mage is minus money at most books, including -105 at Circa Sports and as much as -160 elsewhere.

DeRosa is surprised by both prices.

"As of right now, Mage is a stunning 2/1. I expect money to come in, but it's hard to see how he'll match the fixed-odds pricing of 3/5," DeRosa said. "Mage is the most likely winner, but this is a big ask. Not because it's two races in two weeks, but because it's his fifth race in less than four months. At his current 2/1 price, he's playable, but not at his current Vegas (fixed-odds) pricing."

UPDATE 2 P.M. ET FRIDAY: First Mission, who's been the second choice all week in Preakness betting odds, was scratched this morning due to an ankle issue.

The result: Kentucky Derby winner Mage is now an even stronger favorite to win the second leg of the Triple Crown. Circa Sports opened Mage +175 Monday and shortened to +135 by Wednesday. After First Mission's withdrawal, Mage is now a minus-money favorite at -120.

"Mage is deserving of those odds," Circa Sports horse racing oddsmaker Paul Zilm said. "We have taken a few bets on him since we reopened, but I think the new market is still sorting itself out. I don't expect he will float back to even money at this point."

UPDATE 8:30 P.M. ET WEDNESDAY: Mage was around a 15/1 shot to win the Kentucky Derby and came up roses. So once Monday's post draw was complete, Mage went up as the 8/5 favorite (+160).

Circa Sports, which offers fixed odds on horse racing – ostensibly standard futures betting, rather than parimutuel betting – opened Mage a touch longer at +175. As of Wednesday evening, Mage had shortened into +135.

"Mage has been bet down a little. It hasn't been overwhelming yet, but we've taken action from some respected bettors on him," Circa Sports horse racing oddsmaker Paul Zilm said Wednesday. "I think there's a little feeling-out of the market going on, and I would expect volume will increase as we get closer to Saturday."

Mage drew the third gate, and in an eight-horse field, there's significantly less traffic than in the 18-horse Kentucky Derby.

"The Derby is such a unique experience, as it is the largest field of the year. In an 18-, 19- or 20-horse field, positioning early on can make or break you," Zilm said. "I think the Preakness break and early quarter-mile should be fairly formful. As long as Mage breaks well, I suspect he will sit slightly off the pace again and try to reel in the leader in the stretch again.

"With only seven other runners, he likely will get a cleaner trip. But you really never know until they sort themselves out in the first quarter-mile."

The Rest of the Field

Saturday's Preakness is the second leg in the Triple Crown. (Getty)

UPDATE NOON ET SATURDAY: National Treasure is the +300 second choice in parimutuel odds to win the Preakness. Then comes Blazing Sevens at +400, Red Route One at +600, Perform and Chase the Chaos both at +700, and Coffee With Chris at +800.

"National Treasure is currently 3/1, and that is fair value," DeRosa said of his preferred play in the seven-horse Preakness odds market. "I am betting National Treasure at 3/1."

In fact, beyond Mage and National Treasure, DeRosa doesn't think any horse other horse is up to the task of winning.

"Famous last words, but this is a two-horse race," he said. "Either National Treasure wins on the front end, or Mage comes and gets him. Blazing Sevens is the only alternative on the win end, but at 4/1, he's too short to bet."

DeRosa said that as of noon ET, there was $2.1 million bet in the Preakness to-win pool. He anticipates that will lead to a final tally of $13 million-$15 million in the to-win pool by post time.

UPDATE 2 P.M. ET FRIDAY: With First Mission out, National Choice moves from the third choice to the second choice in Preakness odds. National Choice was +530 on Wednesday and is now +325.

"He will be the consensus second choice, there's no doubt in my mind," Zilm said of a horse breaking from the first gate. "With First Mission out, he may have an easier time on the front end. We haven't seen it yet, but I anticipate money will eventually come in on him."

UPDATE 8:30 P.M. ET WEDNESDAY: First Mission is the +250 second choice and will break from the eighth gate. Third choice National Treasure (+530) drew the first post.

"With only eight horses in the field, there are no excuses for anyone on what post they break from. National Treasure from the inside probably needs to break well, but everyone else shouldn't be compromised simply by what post they are in," Zilm said, before addressing action on the second and third choices. "We haven't seen much play on First Mission yet, but we have on National Treasure. First Mission is a very intriguing horse to me. A bit of a late bloomer, he was terrific in his one prep race at Keeneland.

"I think First Mission will clearly be the second choice in the race, although you can't discount the Bob Baffert effect with National Treasure."

Unlike Mage in the Derby, Zilm isn't sure if a dark horse can break through in the Preakness betting market.

"I feel like the Preakness may end up being fairly chalky. Mage, First Mission and National Treasure all make sense," Zilm said. "Perform is a horse coming out of a local Maryland prep for the Preakness. He is a bit of a wild card, and I'm not positive where he will end up on the odds board."

As of Wednesday night, Perform is the +2000 sixth choice. Blazing Sevens, the +800 fourth choice, might be a little more interesting.

"Blazing Sevens for [trainer] Chad Brown is a horse that competed on the Derby trail, but hasn't won since the fall," Zilm said of a horse that skipped the Derby. "Brown has done well winning this race with horses who bypassed the Derby. Blazing Seven's odds have floated up a bit early to start the week, but I don't think will get too high. Maybe 8/1 to 10/1 when it's all said and done."

So which horse does Zilm like Saturday?

"I like First Mission a lot. Mage is in great form, and I was very impressed with his Derby win. But wheeling back two weeks [later] is always tough," Zilm said of the quick turnaround between Triple Crown races. "First Mission is going to be a bit fresher, and the Brad Cox-trained colt has pointed to this race ever since winning five weeks ago [at Keeneland]. First Mission at slightly better odds than Mage is the decision-maker for me. I'm leaning in that direction for now."

2023 Preakness Stakes Field

Listed below is the field for the 2023 Preakness Stakes along with the Trainers and Jockeys for all eight of the runners.


1) National Treasure 4-1
Trainer: John R. Velazquez
Jockey: Bob Baffert

2) Chase The Chaos 50-1
Trainer: Sheldon Russell
Jockey: Ed Mogar Jr.

3) Mage 8-5
Trainer: Javier Castellano
Jockey: Gustavo Delgado

4) Coffeewithchris 20-1
Trainer: Jamie Rodriguez
Jockey: John Salzman Jr.

5) Red Route One 10-1
Trainer: Joel Rosario
Jockey: Steven M. Asmussen

6) Perform 15-1
Trainer: Feargal Lynch
Jockey: Shug McGaughey

7) Blazing Sevens 6-1
Trainer: Irad Ortiz Jr.
Jockey: Chad Brown

8) First Mission 5-2
Trainer: Luis Saez
Jockey: Brad Cox

2023 Black-Eyed-Susan Results

Taxed captured the 2023 Black-Eyed-Susan on Friday May 19 as jockey Rafael Bejarano steered the 3-year-old filly to victory for trainer Randy Morse and owner Richard Bahde.

Taxed closed as an 11/1 betting choice and bettors backing the filly scored some big payouts.

2023 Black-Eyed-Susan Payouts

10) Taxed ($24, $8.80, $4)
3) Hoosier Philly ($7.80, $4.20)
9) Faiza ($2.20)

$1.00 Exacta: $94.80 (10-3)
$0.50 Trifecta: $135.35 (10-3-9)
$1.00 SuperHighFive: $8,308.50 (10-3-9-8-4)

Odds to win 2023 Black-Eyed Susan Stakes

The field for the 2023 Black-Eyed Susan Stakes at Pimlico Race Course will feature 12 horses and run the day before the Preakness Stakes on Friday May 19, 2023.

The race is for three-year-old fillies and it is run over a distance of 1 1/8 miles on the dirt from Baltimore, Maryland.

Listed below are the official morning line odds and field for the 2023 Black-Eye Susan Stakes.

Faiza has been installed as the 7-5 betting favorite.

1) Sacred Wish 10-1
2) Pate 20-1
3) Hoosier Philly 10-1
4) Merlazza 6-1
5) Frosty O Toole 15-1
6) Miracle 10-1
7) Comparative 12-1
8) Balpool 8-1
9) Faiza 7-5
10) Taxed 15-1
11) Cats Inthe Timber 30-1
12) Towhead 20-1


The Preakness Stakes or what is often called "The Run for the Black-Eyed Susans" is the second-leg of horse racing’s “Triple Crown.” 

The race takes place at Pimlico Race Course from Baltimore, Maryland in the United States and features the top three-year-old horses in the world.

Due to the global 'coronavirus' pandemic, the 2020 Preakness Stakes has been rescheduled for Saturday, Oct. 3 and it will now be the final leg of the 2020 Triple Crown. It has yet to be announced if fans will be allowed to attend Pimlico Race Course for the event.

Normally, the Preakness Stakes is the second leg of the Triple Crown and the event is always held on the third Saturday in May, preceded by the Kentucky Derby and followed by the Belmont Stakes.

The Preakness Stakes is also well-known as a social gathering for a younger audience with an 'infield party' in the middle of the race course. Due to the virus, officials have canceled InfieldFest 2020 while delaying the race.



Pimlico Race Course, Baltimore, Maryland, USA




  • Date: Saturday May 20, 2023
  • TV-Time: NBC, 6;45 p.m. ET
  • Distance: 1 3/16 (9.5 furlongs)
  • Track: Dirt, Left-handed
  • Qualification: 3-year-old
  • Weight: Colt/Gelding: 126 lb (57.2 kg)
  • Filly: 121 lb (54.9 kg)
  • Purse: US $1 Million


The field is limited to 14 horses.


Betting on horse races is one of the easiest things to do all across the United States. From the race tracks themselves to off-track betting facilities and online horse betting sites. The actual number of horse race betting sites numbers in the hundreds. However, we did our best to identify the biggest players in the industry. When reviewing these online horse betting sites, we employed a process that evaluated key criteria such as:



The results below are based on $2 bets

1 - (5) Early Voting 5-1
Win: $13.40
Place: $4.60
Show: $3.60

2 - (8) Epicenter 6-5
Win: -
Place: $2.80
Show: $2.40

3 - (2) Creative Minister 10-1
Win: -
Place: -
Show: $4.20

Payout: $25.80

Payout: $66.50

Payout: $162.90


2022 - Early Voting
2021 - Rombauer
2020 - Swiss Skydriver
2019 - War of Will
2018 - Justify
2017 - Cloud Computing
2016 - Exaggerator
2015 - American Pharoah
2014 - California Chrome
2013 - Oxbow



If you’re new to betting on horses, then your starting point for placing bets is understanding the odds for any race or the largest one of them all -- the Preakness Stakes Odds.

Every horse will have betting odds listed next to their number or name and the majority of tracks and sportsbooks list their odds in fractional form. Put simply, the odds are the return that you will receive on your stake or wager on the horse if it wins the race.

The Win wager is the most popular wager in all of horse racing and you’ll cash tickets on this bet if the horse you choose finishes in first place of the race.

EX. BET $10 ON A HORSE AT 2/1 TO WIN $20
EX. BET $10 ON A HORSE AT 10/1 TO WIN $100

Bettors wagering $10 on a horse at 2/1 would receive $30 if the horse won because you’ll win $20 on the bet and then receive your initial stake in return.


If you are interested in betting the 2020 Preakness Stakes, there is something that you should be aware of. Online horse racing betting is not legal in all states within the United States but our list below will show you the ones that have legalized it.

  • Alabama
  • Arkansas
  • California
  • Connecticut
  • Delaware
  • Florida
  • Illinois
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Montana
  • New Hampshire
  • New York
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Dakota
  • Tennessee
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming