Justify won the 2018 Kentucky Derby in impressive fashion and he is already a huge favourite heading into the Preakness. If he does win the Preakness this coming Saturday, there will be a lot of hype about a potential Triple Crown winner heading into the Belmont Stakes next month.
The Kentucky Derby winner is almost always the favourite heading into the Preakness, but seeing as Justify was also the Derby favourite and won the race in impressive fashion, he’s a huge favourite for the Preakness. At this time (5 days away) SportsInteraction.com has Justify odds set at 1.40, which means he is expected to win the race just around 70% of the time. The second closest odds are for Good Magic at 4.53, who finished second to Justify at the Derby.
With Justify having a very real chance at the Triple Crown there’s a lot of excitement for the Preakness Stakes this year. Even people who missed the Derby are now becoming Justify fans and wanting to learn how to bet on the horse this weekend at the Preakness. Because of this I’m writing this how to guide to betting on the Preakness in 2018.
Bet On 2018 Preakness Stakes in Canada – Step By Step Guide
#1. Open a Horse Race Betting Account
First you’ll need to open an online betting account at a site with a strong racebook. I will personally be betting on this race at SportsInteraction.com, our top rated sportsbook for Canadian residents. They’re offering a 100% up to $200 sign up bonus and their racebook is my favourite in the industry. It’s very easy for new bettors to understand, so I highly recommend it. Here’s a full SIA review if you want more information.
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#2. Fund Your Account
Next up, you need to make a deposit in order to have some funds with which to bet on the Preakness. Check out our deposit options page for in depth information on some of the various deposit options available at SportsInteraction.com.
Remember that the bonus offer is a 100% matching bonus up to $200, so in order to take full advantage of the bonus you’ll need to deposit $200 or more. I go into more details on the SIA bonus on the review page.
#3. Place Your Preakness Stakes Bets
Now that you have money in your account you’re ready to bet.
Leading Up To Race Day
If you’re eager to get your bets placed before race day you can do so in the SportsInteraction.com Sportsbook. Click on the ‘Horse Racing’ tab followed by ‘Preakness Stakes’. This will bring up the Preakness Stakes winner odds. These odds are fixed odds and are not parimutuel odds like the race day odds will be. This means your bets are locked in at the odds you place your bets at.
On Race Day
On race day you should head to the Sports Interaction Racebook. To find this page click on ‘Racebook’ from the top navigation on the SportsInteraction.com website. Next you can either select ‘Pimlico Racecourse’ from the ‘Thoroughbred’ menu, or else simply select ‘Preakness Stakes’ from the ‘Featured Races’ tab.
The odds you will see on race day are the odds using the parimutuel betting system. This means that the odds for your bets can change depending on how many bets are placed on the various horses throughout the day. More on this on the our parimutuel betting page here.
You will also notice that there are ‘Win, Place or Show’ betting options on the main betting page and you can also navigate to exotic bets such as ‘Exacta’, ‘Trifecta’ and more. If you’re new to the sport and don’t understand these wagers I’d suggest giving a quick look over the horse racing betting page here at the site.
Ready to bet? Click here to visit SportsInteraction.com.
I’ll be rooting for Justify so that the Belmont Stakes race becomes that much more interesting this year, but good luck with whoever you place your wager on. To learn more about the race check out our Preakness Stakes betting page.