There was an upset in the 2026 Preakness Stakes odds as Napoleon Solo beat morning-line favorite Iron Honor.
Napoleon Solo triggered some hefty Preakness Stakes payouts for those wise enough to include him in their wagers.
Here's what the odds looked like for the 2026 Preakness Stakes on the morning of the race at Laurel Park.
2026 Preakness Stakes odds
| Post | Horse | Track odds |  |
My Take |
|---|---|---|---|---|
| 1 | Taj Mahal | 5-1 | +500 | Best MD hopeful in long time. |
| 2 | Ocelli | 6-1 | +600 | Maiden showed sudden improvement in 3rd in KY Derby. |
| 3 | Crupper | 30-1 | +3000 | Distance could be issue in 1st graded stakes test. |
| 4 | Robusta | 30-1 | +3000 | 7th in SA Derby, 14th in KY Derby after shock San Felipe 2nd. |
| 5 | Talkin | 20-1 | +2000 | 1-for-5 lifetime but with strong speed figs. |
| 6 | Chip Honcho | 5-1 | +500 | Has not progressed since Gun Runner S. win. |
| 7 | The Hell We Did | 15-1 | +1500 | Route debut was better than it looked. |
| 8 | Bull By The Horns | 30-1 | +3000 | Must make dramatic leap in speed figs. |
| 9 | Iron Honor | 9-2 | +450 | Misfired in Wood Memorial, 2-for-2 otherwise. |
| 10 | Napoleon Solo | 8-1 | +800 | Has not improved with distance, goes even longer here. |
| 11 | Corona de Oro | 30-1 | +3000 | Couldn't beat The Hell We Did last time. |
| 12 | Incredibolt | 5-1 | +500 | Last-minute entrant ran 6th in KY Derby. |
| 13 | Great White | 15-1 | +1500 | Did not show much in Blue Grass S. on dirt. |
| 14 | Pretty Boy Miah | 15-1 | +1500 | This is a major class test. |
Odds at FanDuel, one of our best horse racing betting sites.
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2026 Preakness Stakes favorites
Iron Honor (+450)
Chad Brown goes for his third Preakness training victory, once again looking to parlay a Wood Memorial appearance with it. However, Iron Honor did not even hit the board in that prep, running a mystifying seventh after starting his career with two well-rated wins.
Chip Honcho (+500)
Steve Asmussen looks for his third career Preakness score with this son of Connect.
Chip Honcho won the Gun Runner Stakes at the Fair Grounds to kick off their road to the Kentucky Derby, but has dropped three races since, capped by a fifth in the Louisiana Derby. However, he's 2-for-3 in terms of beating Kentucky Derby winner Golden Tempo head-to-head.
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Taj Mahal (+500)
The only undefeated entrant of the 14, he was last seen cruising to victory in the Federico Tesio Stakes at Laurel Park. In fact, all three of his lifetime wins have come at this year's Preakness host track.
Taj Mahal is as local as local gets with husband-and-wife team Sheldon and Brittany Russell behind him.
2026 Preakness Stakes prediction
No. 7 The Hell We Did to win (+1500 at FanDuel)
The Hell We Did's last effort was much better than it looks. He did the dirty work of keeping Corona de Oro honest in the Lexington Stakes, and while he won the battle with him, finishing second while the latter ran third, he lost the war.
It should also be noted that it was his first route effort, which came off a 13-length win in a sprint race.
The pedigree (by Kentucky Derby winner Authentic) suggests he'll have more to offer at the 1 3/16th-mile distance of the Preakness, as do the sharp five-furlong workouts.
Current odds for Preakness 2026 pic.twitter.com/KnzhBdPHse
— Garret Cocchiarella (@G_Cocchiarella) May 16, 2026
Odds of past Preakness Stakes winners
Here are the last 20 winners of the Preakness Stakes with their post positions and morning-line odds.
| Year | Preakness Stakes Winner | Post Position | Morning line odds |
|---|---|---|---|
| 2025 | Journalism | 2 | 8/5 |
| 2024 | Seize the Grey | 6 | 15/1 |
| 2023 | National Treasure | 1 | 4/1 |
| 2022 | Early Voting | 5 | 5/1 |
| 2021 | Rombauer | 6 | 12/1 |
| 2020 | Swiss Skydiver | 4 | 11/1 |
| 2019 | War of Will | 1 | 4/1 |
| 2018 | Justify | 7 | 1/2 |
| 2017 | Cloud Computing | 2 | 12/1 |
| 2016 | Exaggerator | 5 | 3/1 |
| 2015 | American Pharoah | 1 | 4/5 |
| 2014 | California Chrome | 3 | 3/5 |
| 2013 | Oxbow | 6 | 15/1 |
| 2012 | I'll Have Another | 9 | 5/2 |
| 2011 | Shackleford | 5 | 12/1 |
| 2010 | Lookin At Lucky | 7 | 3/1 |
| 2009 | Rachel Alexandra | 13 | 8/5 |
| 2008 | Big Brown | 6 | 1/5 |
| 2007 | Curlin | 4 | 7/2 |
| 2006 | Bernardini | 8 | 8/1 |
| 2005 | Afleet Alex | 12 | 6/5 |
🎓 Betting education and resources
Preakness Stakes FAQ
The 151st running of the Preakness Stakes will be held on Saturday, May 16, 2026.
The Preakness Stakes will be held at Laurel Park in 2026, and return to Pimlico in 2027.
The Preakness Stakes is run at a distance of 1 3/16 miles (1.91 kilometers), or 9.5 furlongs.
The fastest time recorded in the history of the Preakness Stakes at its present distance is 1:53.00. This record was set by Secretariat in 1973.
