148th Preakness Odds, Entries and Preview

A look at Saturday's Preakness Stakes, where Derby winner Mage is running and is the favorite.

Derby winner Mage is the only entry from the Run for the Roses

The 2023 Kentucky Derby is over, and so the horse-racing world turns its attention to Baltimore’s Pimlico Racecourse and the 148th Preakness Stakes. The middle jewel of the Triple Crown, with a purse of $1.5 million, goes Saturday, May 20th, at its usual (odd) distance of 1 3/16 miles. That one-sixteenth of a mile shorter than the Derby.

The pre-Kentucky Derby news was filled with tragedy in the form of seven equine deaths in and around Churchill Downs, and it's hoped that not an issue in Maryland. Here's an look ahead at the 2023 Preakness Stakes, with the post position and early line odds.

preakness stakes odds preview

Mage get the #3 post

The ‘23 Kentucky Derby winner, Mage, may be off to the Preakness Stakes in an attempt to win the second jewel, and has  been installed as the early favorite at 8-5. Training Gustavo Delgado has the horse back on the track, and feels that he has "good momentum." 

In the Derby, Mage passed Two Phil's just before the finish line, winning by a length with Hall of Fame jockey Javier Castellano. It was Castellano's first win at the Derby in his 16th attempt. He has won twice at the Preakness (Bernardini in 2006, Cloud Computing in 2017). 

Mage is the early +165 favorite to win this race, according to Preakness Stakes odds.

He’s also priced at +650 to take down the Preakness and Belmont, as per Triple Crown odds.

Is Forte Running?

Mage favorite Forte scratchedPerhaps the biggest story in and around the Kentucky Derby was the defection of the favorite. Forte was ordered scratched by the Kentucky state vets (bruised right leg), summarily placed on a 14-day vets’ list. 

Connections of the horse were hoping to run in the Preakness, but Forte was not included in the field. He will be off the list in time for the Preakness race day, but entry for the second jewel of the Triple Crown was on Monday, May 15. Forte has seen the track since the Derby and could race in the future. 

Perform is Running

There’s a new shooter among the list of participants at the Preakness. It wouldn't be the Preakness without 'em. Trainer Shug McGaughey announced the connections of Perform have paid the $150,000 supplemental entry fee to get Perform in the entry box.

Perform wasn’t originally nominated to the Triple Crown, but a win (at 10-1) in Laurel’s $125,000 Federico Tesio changed those plans. He’s a son of Good Magic, the same sire as Mage.

Post Horse Odds
No. 1 National Treasure 4-1
No. 2 Chase the Chaos 50-1
No. 3 Mage 8-5
No. 4 Coffeewithchris 20-1
No. 5 Red Route One 10-1
No. 6 Perform 15-1
No. 7 Blazing Sevens 6-1
No. 8 First Mission 5-2

The 2023 Preakness Stakes runs Saturday May 20th with a post time of 6:50 PM ET from Pimlico Racecourse, outside of Baltimore, Maryland.

Sign-up for the OSGA Newsletter!

Every week get news and updates, exclusive offers and betting tips delivered right to you email inbox.

In the BLOG

From the Rumor Mill – BetRivers sale likely completed by September

Sources have told insider Hartley Henderson that the sale of BetRivers is imminent.


Current Sportsbook Bonuses

Top Articles

Sportsbook Reviews

In the News