The Preakness Stakes odds for 2025 are live following the post position draw, and nine runners will face the gate in Saturday's "Run for the Black-Eyed Susans" at Pimlico racecourse.
There is no Triple Crown on the line with 2025 Kentucky Derby winner Sovereignty skipping the Preakness in favor of the Belmont Stakes, but this race could still go a long way toward determining year-end honors. Below are the latest Preakness odds plus betting analysis for the 1 3/16th-mile affair.
Odds for the 2025 Preakness Stakes horses
Horses are listed here by their Preakness Stakes odds, with their Preakness Stakes post positions on the left.
| Post | Horse |  * |
 ** |
|
|---|---|---|---|---|
| 2 | Journalism | +160 | 8-5 | +160 |
| 7 | Sandman | +400 | 4-1 | +400 |
| 6 | River Thames | +450 | 9-2 | +450 |
| 8 | Clever Again | +500 | 5-1 | +500 |
| 1 | Goal Oriented | +600 | 6-1 | +600 |
| 4 | Heart of Honor | +1200 | 12-1 | +1200 |
| 3 | American Promise | +1500 | 15-1 | +1500 |
| 5 | Pay Billy | +2000 | 20-1 | +2000 |
| 9 | Gosger | +2000 | 20-1 | +2000 |
*FanDuel Racing odds available in AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY
**bet365 odds are not available in the United States
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🏇 Top contenders & odds
- Journalism (3-1): The winner of the Santa Anita Derby, Journalism was a game second in the Kentucky Derby.
- Sandman (4-1): The seventh place finisher in the Kentucky Derby, Sandman has had trouble breaking cleanly but did win the Arkansas Derby two starts ago.
- River Thames (9-2): Was third in the Blue Grass Stakes last time out but was not beaten by much by Sovereignty in the Fountain of Youth two-back.
🔍 Expert insights
Horses that were either late to the Road to the Kentucky Derby or skipped it entirely are always a factor in the Preakness, and can get overlooked due to lack of name recognition. Here's a sampling of the "new shooters":
- Clever Again (5-1): He's a horse on the rise following a well-rated win in his stakes debut at Oaklawn.
- Goal Oriented (6-1): He did not run in the Derby but did win at Churchill on Derby Day vs. much softer competition. Bob Baffert's Plan B after Rodriguez backed out.
- Heart of Honor (12-1): Bypassed an auto-bid to the Derby after running second in the UAE Derby to await the Preakness.
🐴 Spotlight: Journalism
Trainer: Michael McCarthy
Sire: Curlin
Recent Form: 2nd - Kentucky Derby
Journalism was sent off favored in the Kentucky Derby after facing some tough customers in California. He was far from disgraced at Churchill, running second to Sovereignty.
The two-week turnaround is always a tough ask, but his connections gave him the go-ahead after some promising workouts.
🎯 Preakness Stakes long shot to watch: Gosger
Gosger has gotten better by the start and was a solid winner of the Lexington Stakes at Keeneland when last seen. One of the horses he beat in that race, Hypnus, returned to give Goal Oriented a scare at Churchill Downs on the Derby undercard.
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 | TBD | TBD | TBD |
| 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 |
Everything you need to know about Pimlico Race Course
- Pimlico Race Course is located in the Park Heights neighborhood of Baltimore, Maryland, United States. It has been the on-and-off home of the Preakness Stakes since the race's inception in 1873, holding the race continuously since 1909.
- Pimlico Race Course features a one-mile dirt track, which is the surface used for the Preakness Stakes. The oval track has a circumference of 1 1/16 miles, and the stretch run is 1,152 feet long. The track surface is known for its distinct reddish-brown color.
- The most notable feature of the Pimlico track is its tight turns. The turns are known for being challenging, especially the first turn, which is often described as sharp and demanding. The configuration of the track can impact a horse's running style and requires jockeys and horses to navigate the turns skillfully.
- Pimlico Race Course has a seating capacity of approximately 125,000 spectators. The facility offers various amenities, including grandstand seating, luxury suites, dining options, and wagering facilities. The track also hosts other races and events throughout the year.
- Pimlico Race Course holds a significant place in horse racing history, as it is the second-oldest racetrack in the United States. "Old Hilltop" has witnessed many memorable moments throughout its long history, including the match race in the 1938 Pimlico Special where Seabiscuit defeated War Admiral.
Preakness Stakes FAQ
The 150th running of the Preakness Stakes will be held on Saturday, May 17, 2025.
The Preakness Stakes is held at Pimlico Race Course in Baltimore, MD.
The Preakness Stakes is run at a distance of 1 3/16 miles (1.91 kilometers), or 9.5 furlongs. It is the shortest of the Triple Crown races.
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. Secretariat is considered one of the greatest racehorses of all time.
