The 2026 Preakness Stakes is set for Saturday at Laurel Park in Maryland, and excitement is building for the 151st running of this storied Triple Crown event. Whether you're a seasoned horse racing fan or a newcomer looking to place your first bet, our comprehensive betting guide has you covered—from the best promo codes to expert picks and the full field of contenders.

This year's race features a competitive field of 14 horses, with only three returning from the Kentucky Derby two weeks ago. Ocelli, who finished third at Churchill Downs, comes in at 6-1 morning line odds, while Incredibolt (5-1) and longshot Robusta (30-1) also make the trip. But the spotlight is on Iron Honor, the 9-2 morning line favorite, who skipped the Derby despite qualifying with 50 points. After a seventh-place finish in the Wood Memorial, he's looking to rebound and prove his Gotham Stakes win was no fluke.

Other top contenders include Taj Mahal and Chip Honcho, both at 5-1, and Napoleon Solo at 8-1, making for a deep and unpredictable field. With the post time set for 6:50 p.m. ET on Saturday, May 16, now is the time to get your wagers in.

To bet on the Preakness, you'll need to use official horse racing betting apps—sportsbook apps won't work here. New users can take advantage of attractive sign-up bonuses, like the DK Horse promo code offering a share of $151,000 when you wager just $5 on the winning horse. Or, head to 1/ST BET and use promo code 500BET to get up to $500 in wagering credits—more than double the standard offer. Simply tap the claim button, create your account, deposit funds, select Laurel Park, navigate to Race 13, and choose a Win wager to bet on the horse you think will cross the line first.

Whether you're backing the favorite or taking a flier on a longshot, the Preakness Stakes is a thrilling showcase of speed and stamina. Dress the part with our latest collection of racing-inspired apparel, and may the best horse win.