As more money is bet on a horse, its odds decrease, making it a favorite. Preakness Stakes odds, like other US horse races, are pari-mutuel, meaning they are based on public wagering. Set a budget and stick to it when betting on the Preakness Stakes, as horse racing can be unpredictable. RACING ODDS: Another way to increase your chances of winning is by analyzing the odds and identifying undervalued or overvalued horses. Weather is also crucial to consider, with wet or muddy conditions affecting horse performance and dry conditions favoring horses with speed. Familiarize yourself with the track's peculiarities and how they may affect horse performance. TRACK CONDITIONS: It's important to study the Preakness Stakes track at Pimlico Race Course, which is relatively short compared to other tracks. Assessing their strengths, weaknesses, recent performances, record, and factors such as age, weight, pedigree, and jockey is important. HORSE STATS & PAST PERFORMANCES: To increase your chances of winning, it’s critical to understand the horses. There are several key factors to consider when placing bets on the Preakness Stakes. LEARN MORE Key Betting Factors to Considerīetting on the Preakness Stakes can be both exciting and profitable, but it requires careful consideration and analysis.