Preakness future wager | Horse Racing Free Tips

Edited Press Release

The first pool to wager on the 149th GI Preakness S., middle jewel of the Triple Crown, begins Thursday, Feb. 29 and will close just hours after three major prep races are contested Saturday in Florida, California, and New York.

When pools open at noon Thursday, 12 weeks before Preakness 149 at Pimlico Race Course, Baoma Corp.'s undefeated Nysos (Nyquist) will be the 4-1 favorite with the pari-mutuel field of “all other 3-year-olds” the 6-1 second choice.

The first Preakness 149 future wager will close after Saturday's runnings of the $400,000 GII Coolmore Fountain of Youth S. at Gulfstream Park, the $400,000 GII San Felipe S. at Santa Anita Park, and the $300,000 GIII Gotham S. at Aqueduct.

There are 40 betting interests in the Preakness 149 future wager, with the 40th betting interest being the pari-mutuel field, or “all other 3-year-olds.” The Preakness 149 future wager has a $2 minimum and 18% takeout. The first pool closes at 8 p.m. Saturday evening. The second pool opens Friday, Apr. 26 and closes Saturday, May 4 at 6 p.m.

The Preakness Future Wager was unanimously approved by the Maryland Racing Commission. Similar to that of future wagers for the GI Kentucky Derby and GI Kentucky Oaks, bettors are not refunded if their selection does not run in the Preakness, which is limited to a maximum of 14 starters.

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A futures-styled pari-mutuel wager to pick the winner of the GI Preakness S. before the GI Kentucky Derby goes off will debut this year with an 18% takeout.

The pool will be hosted by the Maryland Jockey Club (MJC). The new bet was unanimously approved at Tuesday's monthly meeting of the Maryland Racing Commission.

Mike Rogers, the president of the racing division for the MJC, described details of the Preakness wager.

“The window of that bet will open on Friday, Apr. 28, and we're going to close roughly 6 p.m. before the [May 6] Derby. So it's going to be cool to see our Preakness future odds right alongside the Derby odds.”

Rogers explained that the bet will be based on the way the existing Kentucky Derby Future Wager is conducted by Churchill Downs.

“We're going to use theirs as a foundation. But we're also going to add a couple of [Bob] Baffert horses [that have been barred from Derby competition this year]. We want to hopefully have a couple of local Maryland horses in there. We want to add a couple of fillies. So we're going to try to get maybe at least 30 betting interests. Maybe up to 39 [with an “all others' field option]. We can do 40 [total betting interests].”

Figuring out which Derby starters might contest the second leg of the Triple Crown will lend a difficult element to the bet.

In 2022, the 20-horse Derby yielded only three Preakness starters in a field of nine. In 2021, the 19-horse Derby sent just three starters to the 10-horse Preakness field.

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