Preakness Stakes: Betting preview & how to get a $200 risk-free bet

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Preakness stakes
Javier Castellano, atop Mage, reacts in the winner’s circle after winning the 149th running of the Kentucky Derby horse race at Churchill Downs Saturday, May 6, 2023, in Louisville, Ky. (AP Photo/Jeff Roberson)

After a stunning win at the Kentucky Derby, ’Mage’ heads to the 2023 Preakness Stakes looking to claim the second event of a potential Triple Crown. Pimlico Race Course plays host to the event this Saturday, which is set to get going at around 7PM. If you’re looking for some free bets on the big race, you’ve come to the right place.

$250 free bet on the Preakness Stakes

The Preakness Stakes offers plenty of interesting horses for Bettors to back, but trying to find an edge can be tricky, especially to those new to the game. We’ve partnered with Daily Racing Form to not only gibe you a FREE $250 deposit match, but a FREE $10 bet and access to their database which tracks performances of each horse.

Simply sign up by clicking any link on this page and whatever you deposit, Daily Racing Form will give you in FREE additional bets, on top of a FREE $10 bet. If you wanted to deposit $10, you’d have your $10, a $10 deposit match, a $10 free bet, AND access to the best software to help you make your selections.

$200 Bonus bet on the Preakness Stakes

TwinSpires is currently offering a $200 new player sign-up bonus for the Preakness Stakes. Simply sign up by clicking here and you’ll be rewarded with up to $200 in FREE bets.

Preakness Stakes info

When?: Saturday, May 20th
Where: Pimlico Race Course, Baltimore
Distance: 1.2 Miles
Winners Purse: $1.65 million
Post time: 7:05 pm EST
Television: NBC

Preakness Stakes Odds (Per

National Treasure4/1
Chase the Chaos50/1
Red Route One10/1
Blazing Sevens6/1
First Mission5/2

Mage was the Horse who shocked the World at the Kentucky Derby, and is now well-backed at 8/5. His Jockey also has a win at this event in his locker, meaning that the Horse is in a great spot to go on and potentially repeat his earlier success.

Preakness stakes
Kentucky Derby winner Mage looks around after arriving at Pimlico Race Course early Sunday, May 14, 2023 to prepare for this weekend’s Preakness Stakes. (Jerry Jackson/The Baltimore Sun via AP)

First Mission is the second-favorite going into the Preakness Stakes and is a Horse that has recently won over this distance in New Orleans. He’s well worth watching.

National Treasure and Blazing Sevens sit a little further out. Blazing Sevens will be ridden by Chad Brown, who already has a pair of Preakness wins to his name, so he knows what it takes to win around this track. At 6/1, a simple $10 bet would yield a $70 return!

Betting pick for the Preakness Stakes 2023

If you’re looking for a longshot to maximize your free bets, ’Perform’ is a Horse worth noting. With a pair of wins and two top-3’s to its name, Perform won over a 1 1/8th mile distance back in April and is seemingly beginning to find some form. It’s also related to ‘Beholder’, which was inducted into the US Horse Racing Hall of Fame last year. With a great pedigree and some fine form, this could be the perfect spot to kick-on and start building a legacy.

Don’t forget if you want a risk-free bet to place on the 2022 Belmont Stakes, click this link and sign up to TVG for $200 risk-free!

Photo Credit: AP Photo/John Minchillo