This years Preakness Stakes will return to it’s normal spot as the second leg of the American Triple Crown and it’s regular date on the third Saturday of May. This is after last years race was postponed to October due to the covid-19 pandemic. The 2021 Preakness Stakes will take place on Saturday, May 15th at Pimlico Race Course.
Medina Spirit, the Kentucky Derby winner, will be in the field at the Preakness looking to keep his Triple Crown hopes alive. Medina Spirit is one of the favorites to win the race along with Concert Tour and Mandaloun.
The Preakness Stakes will be shown here in Canada on TSN from 5pm to 7:30pm ET on race day. The Preakness continues the momentum from the Kentucky Derby, with a lot of viewers tuning in to see if Medina Spirit can continue the run to the Triple Crown. I’m expecting a lot of betting interest on this years race and for this reason I wanted to add this how to guide to betting on the Preakness in 2021.
Bet On 2021 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.
#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, 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 (and a couple days before) 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’ from the ‘American 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.
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.
To learn more about the race check out our Preakness Stakes betting page.