This upcoming Saturday, the third Saturday of May, will be the 142^nd rendition of the Preakness Stakes. Online horse betting punters have been keeping their gaze firmly fixed on the Preakness, vying to make this year’s Stakes as remunerative as possible.

Always Dreaming, winner of this year’s Kentucky Derby, opens as the racebook favorite by a significant margin. If Always Dreaming is able to come away with the second-leg of the Triple Crown, the colt will come one step closer to making history. However, Always Dreaming wouldn’t be the first betting favorite to come up short at the Preakness Stakes.

Latest Online Horse Betting News & Previews

One of the biggest differences between the Preakness and the Kentucky Derby is the fact that the Stakes are limited to just 10 horses, whereas 20 steeds compete at the Derby. The Kentucky Derby actually pulls a larger audience, the largest amongst horse races within the US, and the extra 10 online horse betting options might have something to do with it.

142^nd Preakness Stakes – Saturday, May 20^th

When: Coverage begins at 5 pm ET

Where: Pimlico Race Course, Maryland

TV: NBC

Live Stream: NBC Sports Live Extra

Purse: $1.5 million

Distance: 1 ³/₁₆miles

Post Time: 7:35 pm ET

Record: 1:53 Secretariat (1973)

The best way to maximize your winnings at the Preakness is by making exotic bets, like the trifecta or superfecta. A trifecta involves correctly picking the first, second, and third place winners in the correct order. At the Kentucky Derby, this type of bet had a payout of over $8,000. Likewise, a superfecta involves correctly picking first, second, third, and fourth place finishers, in the correct order as well. Correctly predicting a Superfecta would have netter punters over $75,000 at the Kentucky Derby. With that in mind, here are the horses competing in this year’s Preakness, as well as the according online horse betting odds.

Online Horse Betting Odds Ahead of Preakness Stakes

Horse || Jockey || Odds

Always Dreaming || John Velazquez || -140

Classic Empire || Julien Leparoux || +250

Lookin At Lee || Corey Lanerie || +800

Gunnevera || Mike Smith || +1000

Cloud Computing || Javier Castellano || +1500

Conquest Mo Money || Jorge Carreno || +1600

Hence || Florent Geroux || +1700

Multiplier || Joel Rosario || +2000

Senior Investment || Channing Hill || +2500

Term of Art || Jose Ortiz || +3000

The Grade I Stakes race for three-year old Thoroughbreds will be held over a distance of 1.9 km. Always Dreaming, like all other Derby winners, has been put in Stall 40 of the Preakness Stakes Barn. Classic Empire is expected to be Always Dreaming’s biggest competitor, despite the fact that Classic Empire finished fourth at the Kentucky Derby.