The 2023 Preakness Stakes begins later today at Pimlico Race Course in Baltimore and all eyes are on Mage to see if it can pick up another first-place finish and continue the quest for the Triple Crown.
Horse racing offers so many fun wagers and bettors can cash in on the action by using the best betting sites and apps for the Preakness Stakes. TwinSpires leads the way with a lucrative $400 bonus that uses offer code NYPRACING.
Many of the most popular sportsbooks don’t have a horse racing component, aside from FanDuel, which is why it’s a good idea to get familiar with the online sportsbooks that specialize in it. Check out the top five betting sites and apps for the 2023 Preakness Stakes.
TwinSpires leads the way for horse racing sportsbooks. It is named after the Twin Spires of Churchill Downs and has established itself as the go-to betting site for horse racing bettors.
What makes TwinSpires even better is its incredible sign-up bonus. New bettors on TwinSpires can claim up to a $400 bonus.
Here’s how the offer works: For every $400 wagered, the bettor gets a $100 bonus. So in order to get the full $400 bonus, the bettor must wager $1,600 within 30 days of making their account.
This offer gives bettors tons of bonus bets to work with, and that is extra valuable when betting on a long shot horse. Wagers are only complete when the race is finished the results are official. The TwinSpires sign-up offer can’t be combined with other bonus offers.
DRF Bets is also dedicated to horse racing and the online sportsbook does a great job offering competitive odds and enticing bonuses to its bettors.
Its current sign-up offer is one of the best out there. DRF Bets is offering a 100% deposit match worth $250 and a $10 bonus bet. New bettors who register on DRF Bets must deposit exactly $250 to get the additional $250 in bonus bets.
You must deposit the $250 within seven days of registration to claim the bonus. From there, you’ll have seven days to use the bonus bets, but once that time passes the bonus bets expire.
FanDuel is the biggest online sportsbook for horse racing and comes to the table with a great new customer offer.
The new customer offer from FanDuel Racing allows new users to get a $20 No Sweat First Bet for the Preakness Stakes. Those residing in states with legal online betting, click the button above and get started betting on the app. If you aren’t in a state with legal online betting, just click here to claim your No Sweat First Bet.
You get your bonus bets once you make your first bet and there are official results for the event. Bonus bets can be used to make profits on winning wagers, but you can’t withdraw bonus bets directly from your FanDuel account and deposit them into a bank account.
AmWager is the one horse racing sportsbook where bettors can double their bankroll with just one deposit. AmWager matches 100% of a first deposit up to $150.
For instance, if a bettor deposits $125 into their account, AmWager will match that deposit with an additional $125, giving the bettor a total of $250 for betting on horse racing events.
Make sure to create an account and make your first deposit to get ready for the 2023 Preakness Stakes.
The Television Gaming Network or TVG has emerged one of best names in horse racing and it has an amazing offer for the Preakness Stakes. New bettors can get up to $200 back if their first single-horse wager loses.
This means that if a user’s first bet on any horse to win the Preakness Stakes loses, TVG will refund the amount of the bet up to $200. So if your first bet is a losing wager of $150, TVG will send back the $150 to your account as bet credits.
The TVG welcome offer is an excellent way for new bettors to get started in horse betting without actually risking their own money. If the first bet loses, they get that same amount back as bet credits and they can try again on a different wager.
| Post Position | Horse | Odds |
| 1 | National Treasure | 4-1 |
| 2 | Chase The Chaos | 50-1 |
| 3 | Mage | 8-5 |
| 4 | Coffeewithchris | 20-1 |
| 5 | Red Route One | 10-1 |
| 6 | Perform | 15-1 |
| 7 | Blazing Sevens | 6-1 |
| 8 | First Mission | 5-2 |
Betting on horse racing can sometimes be confusing because there are so many different betting options, so here’s a quick rundown of the different types of horse racing bets available: