Betting Tips For The 2022 Preakness Stakes – Pick Your Favorites

2022 preakness stakes

7 minutes

Last Updated: May 17, 2022


Betting Tips For The 2022 Preakness Stakes – Pick Your Favorites

With the first leg of the Triple Crown races, the Kentucky Derby just around the corner, it is time to focus on the second jewel of the Triple Crown, the Preakness Stakes.

The Preakness Stakes is one of the most popular horse races in the world, and it is a meeting that horse racing enthusiasts look forward to almost as much as the Kentucky Derby.

The reason why this race is so popular is that it represents the second leg of the Triple Crown races which is considered the ultimate achievement in horse racing.

With that said, here are some things you should know about this year’s Preakness Stakes race.

When Is the 2022 Preakness Stakes?

The Preakness Stakes is not far from the Kentucky Derby; in fact, it is organized in the same month. This year’s Preakness Stakes race is scheduled for May 21st at the premier race of Pimlico Race Course.

This year’s Preakness Stakes is expected to be a thrilling race with tons of competition where anything is possible.

This means that all betting enthusiast must do their homework and track horses that have the biggest potential for winning the race.

Can You Bet on Preakness Stakes this Early?

Of course you can! Even though we are weeks away from the main event there are many future betting markets available all across the world.

Since it is still early and the official lineup is still undetermined, most of the sportsbooks that offer to bet on the Preakness Stakes also include horses that won’t run in the race.

Best bets for preakness stakes 2022

This is why the odds are larger at this point compared to the days before the event.

Betting Tips For The 2022 Preakness Stakes

With that said, it is time to find out some of the strategies that will help you increase your winning chances.

If you are new to horse racing betting, don’t worry, these simple betting tips will set you up on the right track and prepare you for the Preakness Stakes.

1. Do Your Homework

The most important thing in horse racing betting is the research. By analyzing results from the past, you’ll get an idea about each horse’s performance and its ability to win the race.

With that said, there are a few different things to look at, such as:

  • Horse’s pace
  • Horse’s Form
  • Previous race results
  • Potential injuries
  • Weather conditions
  • Surface

This is why watching the Kentucky Derby is very important as an opening stage for the Preakness Stakes.

You can check the 2022 Preakness Stakes contenders & entries by TwinSpires here, although we recommend waiting to place a bet after the Derby, as form might oscillate and the odds will suffer changes.

2. Diversify Your Bets

There isn’t a golden rule that can secure you a win, especially on a big race like the Preakness Stakes. This means that in order to get the best chance of securing a winning bet is to make different kinds of bets.

Most people go with the standard win/place/show bets, but since the risk is low the potential reward is also low.

Depending on your budget, it is best if you choose a safer bet, and then place an exotic wager that can win you a lot of money.

3. Choose the Sportsbook With Best Odds

Nowadays, it is very easy to track all the odds from official bookmakers since most of the bets are made online.

With that said, choosing a sportsbook that offers the highest odds can make a big difference when it comes to the payout.

4. Go for the Winner of the Kentucky Derby

Since we are talking about a critical leg of the Triple Crown championship, the horse that won the Kentucky Derby will be heavily motivated to win the second leg of the championship and get the chance to become a Triple Crown Champion.

Preakness stakes betting tips

The last horse to achieve the Triple Crown was Justify in 2018, even though some controversy still surrounds this victory.

The Kentucky Derby will also indicate each of the participant’s potential, which can be very useful for making a bet on the Preakness Stakes.

5. Don’t Forget to Have Fun

The Preakness Stakes is one of the most popular horse races in the world, so don’t spoil that with the hunger to win more money.

Even though ending up profitable in horse racing betting is very important, you need to remember that you are still there for the fun!

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