The Preakness Stakes will run on early Saturday evening in Pimlico, Maryland and this year’s race arrives with plenty of intrigue. With controversy swirling around Bob Baffert and his Kentucky Derby winner Medina Spirt, plenty of eyes — and betting dollars — will be on the second leg of the Triple Crown. With that said, let’s take a look at how to bet on the race in the state of Florida.

Betting on the Preakness Stakes online is legal in Florida, making it one of 31 states that provide wagering odds on the race. The TVG app, which offers a $300 risk-free first bet to new players, is the market’s best horse racing betting app available of the race.

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Both experienced horse racing bettors and those who are simply looking to bet a few dollars because the race will be on at a party or will find the TVG app to be quick to get and simple to use.

Click here to get a risk-free bet of up to $300 ahead of the Preakness Stakes at TVG.

Yes, Betting on the Preakness Is Legal in Florida

If you’re located in the state of Florida, then you can legally bet on the Preakness online (as long as you’re at least 21 years of age).

While legal online sports betting has yet to arrive in the state of Florida, horse racing falls under a different category of regulations. In short, those regulations have already been established, set up, and sponsored by the state, meaning its residents are free to download apps like TVG and wager on horse racing.

TVG has emerged as the most popular option, in part, because the big online sportsbook operators (DraftKings, BetMGM, etc.) cannot offer horse racing odds. Notably, TVG exists under the same parent company as FanDuel.

Currently, Florida is one of 31 different states which offers legal online horse racing wagering.

How To Bet the Preakness Online in Florida

Getting set up to bet the Preakness in Florida is a quick and easy process, one that takes just a moment.

If you’re at least 21 years of age, physically located in the Sunshine State, and have a mobile device and internet connection, you can wager on Medina Spirit and the rest of this year’s field at Pimlico.

  1. Grab the TVG app by clicking right here.
  2. Make a first-real money deposit by using one of the available banking methods (bank transfer, debit/credit cards, PayPal, etc.).
  3. Place a risk free bet of up to $300. Note: you can wager as little $10 to receive a risk-free bet of equal value.

Betting on the Preakness Stakes

While wagering on horse racing is a bit different than doing so on other sports, at heart, it’s a very similar process.

Bettors can wager on both single-leg and multi-leg outcomes (parlays). Multi-leg outcomes will create longer odds, and, in turn, increase the overall payout. Given the overall simplicity and easy-to-use nature of online sports betting apps, both novice and experienced bettors will have no issues finding the horses and bet types they want to wager on.

If you happen to be someone new to betting on horses, then here’s a brief overview of some key terms:

Win, Place, Show

Betting on horses to win, place, or show is the most common and straightforward way to wager on horse racing. Win, place, and show simply offer varying windows to score a win by picking top finishers.

  • Win: horse must finish in first place
  • Place: horse must finish in first or second place
  • Show: horse must finish in first, second, or third place

For many bettors signing up today to wager on the Preakness, this is the most straightforward way to wager on the race.

Exotic Bets

Those looking to try their hands out longer odds may want to try one of what are called exotic bets.  These bets, which equate to a same-game parlay, provide much more significant payouts. For a major Triple Crown race like the Preakness, vertical betting is also going to be popular.

  • Exacta: accurately predicting the win and place in a race
  • Trifecta: accurately calling the win (first), place (second), and show (third)
  • Superfecta: accurately predicting the first four horses to finish a race

Payouts vary by the odds of each individual horse involved in the wager. In other words, if the top three favorites are chosen for a trifecta bet, well, that’s not going to pay as well as a long shot or two mixed into the bunch.

Players also have the option to “box” their exactas, trifectas, and superfectas. This just means that the horses you pick can finish in any order. For example, if you choose Horse A to win and Horse B to place in a boxed exacta, you win as long as those horses finish 1-2 in either order.

Preakness Odds

Here are the current Preakness odds:

HorseOddsTrainer / Jockey
Ram30-1D. Wayne Lukas / Ricardo Santana
Keepmeinmind15-1Robertino Diodoro / David Cohen
Medina Spirit9-5Bob Baffert / John Velazquez
Crowded Trade10-1Chad C. Brown / Javier Castellano
Midnight Bourbon5-1Steven M. Asmussen / Irad Ortiz Jr.
Rombauer12-1Michael W. McCarthy / Flavien Prat
France Go de Ina20-1Hideyuki Mori / Joel Rosario
Unbridled Honor15-1Todd A. Pletcher / Luis Saez
Risk Taking15-1Chad C. Brown / Jose Ortiz
Concert Tour5-2Bob Baffert / Mike Smith

 

Click here to grab a risk-free bet of up to $300 to use on the Preakness at TVG.

TVG

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BET NOW!