2026 Preakness Stakes Payouts: Win, Place, Show Results

Trevor Knapp - Betting Analyst at Covers.com
Trevor Knapp • Betting Analyst 7+ years betting experience
Updated: May 16, 2026 , 04:05 PM ET • 4 min read

Discover who won the 151st running of the Preakness Stakes at Laurel Park.

Preakness Stakes entry, Crupper breezes during morning workouts at Laurel Park.
Photo By - Reuters Connect. Preakness Stakes entry, Crupper breezes during morning workouts at Laurel Park.

The 2026 Preakness Stakes takes place this evening at Laurel Park, with the 151st running set for 6:50 p.m. ET on NBC! 

If you're looking for the Preakness Stakes payouts on win, place, show, and more, we'll have prices right after the race goes official.

Preakness Stakes payouts

Payout figures will include Preakness Stakes exacta, trifecta, and superfecta picks.

Let's explain what each wager means:

  • Preakness Stakes win: If you bet on a horse to win, and the horse finishes in first place.
  • Preakness Stakes place: If you bet on a horse to finish in the Top 2. If the horse wins the race or finishes in second, you win the bet.
  • Preakness Stakes show: If you bet on a horse to finish in the Top 3. If the horse wins the race, finishes second or finishes third, you win the bet.
  • Preakness Stakes exacta: An exacta bet is when you bet on a specific horse to finish first and a specific horse to finish second. To win, the horses must finish in that exact order.
  • Preakness Stakes trifecta: A trifecta is like an exacta bet except with one extra leg. You must correctly pick the order in which the Top 3 horses cross the finish line.
  • Preakness Stakes superfecta: A superfecta is along the same lines as an Exacta and Trifecta, except you must hit the Top 4 horses in correct order.

Obviously, with those exotic Preakness Stakes bets (exacta, trifecta, superfecta), the bigger the odds and the bigger the payouts will be, the more legs you add.

Here is what Preakness Stakes payouts look like for a standard $2 win bet. These are approximate payout figures.

  • 1-5 odds: $2.40
  • 2-5 odds: $2.80
  • 1-2 odds: $3.00
  • 3-5 odds: $3.20
  • 4-5 odds: $3.60
  • 1-1 odds: $4.00
  • 6-5 odds: $4.40
  • 7-5 odds: $4.80
  • 3-2 odds: $5.00
  • 8-5 odds: $5.20
  • 9-5 odds: $5.60
  • 2-1 odds: $6.00
  • 5-2 odds: $7.00
  • 3-1 odds: $8.00
  • 7-2 odds: $9.00
  • 4-1 odds: $10.00
  • 9-2 odds: $11.00
  • 5-1 odds: $12.00
  • 6-1 odds: $14.00
  • 7-1 odds: $16.00
  • 8-1 odds: $18.00
  • 9-1 odds: $20.00
  • 10-1 odds: $22.00
  • 15-1 odds: $32.00
  • 20-1 odds: $42.00
  • 30-1 odds: $62.00
  • 50-1 odds: $102.00
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Trevor Knapp - Covers
Betting Analyst

Trevor joined the Covers content team as a publishing editor in early 2022. Growing up in Vancouver, he studied Broadcast and Online Journalism at the British Columbia Institute of Technology (BCIT), and interned with TSN and Sportsnet Radio while also writing for the Daily Hive.

An avid bettor of the MLB, NFL, and CFL, Trevor advises his fellow sports bettors to leave their hearts at the door and not hesitate to fade their favorite team. It's a strategy he follows regularly as an apathetic Indianapolis Colts and Toronto Blue Jays fan.

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