Preakness odds are similar to those you see in other horse races. The three basic choices in Preakness Stakes odds are win, place, and show. In addition to those Preakness odds you have exacta, quinella, trifecta and superfecta choices. Let’s look at these options in Preakness odds.
Preakness odds on win, place and show are easy to understand. That means finishing first, second or third. If you bet a horse to place, if he finishes first or second you win your bet versus Preakness odds. If you bet to show, he needs to finish in one of the top three spots for you to collect in Preakness Stakes odds. Let’s look at those exotic choices in Preakness odds. The exacta is picking the exact order of finish of the first two horses in Preakness Stakes odds. A quinella is either or your two horses finishing first or second in Preakness odds.
A trifecta is betting the exact order of the first three horses. When talking about exotics in Preakness Stakes odds you may want to box horses. For example, let’s say you like four horses in Preakness odds. You box those four horses together in your exacta box. If any of those horses finish first or second you would win an exacta box. The same holds true for a trifecta box if they finished in the top three spots in Preakness odds. The superfecta is picking the exact order of the first four finishers and boxing is also a way to give yourself a better chance to hit that ticket.
There are also multiple race bets that can be linked to Preakness odds. They are the daily double, pick three, pick four, or pick 6. You have to get the winner of three races in a row to hit the pick three, four in a row for the pick 4 and six straight for the pick 6. These options usually include Preakness odds since the Preakness is the key race at Pimlico for that day. If you are trying to hit the pick six or even a pick three when betting horses you really need to box horses. For example, if you box three horses in each race of a pick three it would cost $27. That way if any of your three horses won each race, you would be a winner. Boxing three horses in each leg of a pick four would cost you $81. Pick three, pick four and even pick six are exciting options to consider as you look at betting the Preakness.