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Horse racing is a well-liked sport to wager on. Whereas there’s an emphasis on horse racing within the spring, the game is 12 months spherical, and you will discover racetracks across the nation with American Thoroughbreds almost any time.
The Kentucky Derby, Preakness Stakes and Belmont Stakes are the favored horse races within the springtime that make up the Triple Crown.
The Preakness Stakes is second within the racing lineup. The race has been round since 1873 and is held on the third Saturday of Could every year. The race takes place in Baltimore at Pimlico Race Course.
With regards to betting on the horse races, there are a selection of bets you possibly can place and numerous methods to make these bets. Many states permit on-line betting for horse races, however earlier than putting bets be certain it is authorized in your house state.
![The running of the 2022 Preakness](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/05/640/320/GettyImages-1398555351-copy.jpg?ve=1&tl=1)
The venue for the Preakness Stakes is the Pimlico Race Course. (Patrick Smith/Getty Photographs)
KENTUCKY DERBY: THE HISTORY OF THE RACES AND LONG STANDING TRADITIONS
When you’re curious on the right way to wager the Preakness Stakes race, learn on for wagers, odds and extra.
- What sort of wagers can I place on the Preakness Stakes race?
- The place to wager on the Preakness Stakes race?
- What do odds imply when betting on horse racing?
1. What sort of wagers can I place on the Preakness Stakes race?
Earlier than putting bets, you will need to contemplate how a lot cash you need to spend, what the payout shall be on your bets and the degrees of problem for wagering on totally different outcomes. Needless to say the tougher the wager is to win, the extra the payoff goes to be.
The Pimlico Race Course web site highlights quite a lot of betting choices and the extent of problem for every.
HISTORICAL AND MEMORABLE KENTUCKY DERBY RACES FROM 1875 AND ON
![Preakness Stakes horses racing](https://static.foxnews.com/foxnews.com/content/uploads/2023/05/preakness-stakes-horses.gif)
There are many totally different bets you can also make on the Preakness Stakes, all with totally different ranges of problem. (Patrick Smith/Getty Photographs)
The simplest bets you possibly can place are for win, place and present. For a win wager, you merely decide the winner of the race. In a spot wager, the horse you select should both place first or second. For a present wager, the horse you decide should land within the high three spots.
Then, there are average bets. Bets that fall below the average class are exacta, quinella and double. In an exacta wager, it’s important to select the primary and second place winner of the race so as. In a quinella wager, you decide the primary two finishers, however the order doesn’t matter. For a double wager, it’s essential to decide the winner of two races in a row.
Additionally, you possibly can place trifecta, superfecta and decide 3 bets. In a trifecta wager, it’s essential to decide the primary three finishers of the race within the appropriate sequence. Superfecta means it’s essential to decide the primary 4 finishers of the race within the correct order. Lastly, for decide 3 bets it’s important to accurately select the winner of three races in a row.
The toughest stage of problem embrace decide 4, decide 5 and decide 6 bets. For a decide 4 wager, it’s important to select the winner of 4 races in a row. For decide 5, it’s important to decide the winner of 5 races in a row. Lastly, there’s decide 6, the place it’s important to decide the winner of 6 races in a row.
FUN AND EXTRAVAGANT KENTUCKY DERBY HATS THROUGH THE YEARS
![The Preakness Stakes track](https://static.foxnews.com/foxnews.com/content/uploads/2023/05/preakness-stakes.gif)
You possibly can nonetheless wager on the Preakness Stakes, even if you’re not attending the occasion. (Paul Morigi/Getty Photographs for 1/ST)
When you resolve what wager (or bets) you’re going to place, it’s time to select your horses. Whenever you decide your horse, use their quantity to make the wager.
The ultimate step is to position your wager.
2. The place to wager on the Preakness Stakes race?
In case you are attending the Preakness Stakes, you can also make your bets in particular person. In case you are not attending the race, however need to make your wager in particular person, examine your native casinos, as they might be taking bets whether it is authorized in your state.
It’s also possible to place bets on-line or by way of a cell app. Many states have legalized betting on-line and thru cell apps.
States the place you possibly can legally wager on-line and thru apps:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Mexico
- New York
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Dakota
- Tennessee
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
There are quite a few on-line platforms and cell apps you should use to make your horse racing bets from house like BetOnline, Bovada, TwinSpires, BetUS, TVG and FanDuel Racing.
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![Hands holding money](https://static.foxnews.com/foxnews.com/content/uploads/2023/05/money.gif)
In lots of states, you possibly can wager on the Preakness Stakes in particular person or at house by way of a web-based service. (Jonathan Newton/The Washington Publish through Getty Photographs)
3. What do odds imply when betting on horse racing?
Odds are “the ratio of roughly how a lot you possibly can count on to win versus how a lot cash you are going to wager,” in line with the Pimlico Race Course web site.
For instance, if you happen to see 8–5 odds, it implies that you’ll win $8 for each $5 that you just wager.
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