It’s Preakness week! This years Preakness Stakes will take place at Pimlico Race Course at 7:01pm EST on Saturday, May 20th. The race will be broadcast on NBC with coverage starting at 4:30pm EST.
Mage, the Kentucky Derby winner, will enter the Preakness as the 8-5 morning line favorite as he looks to earn the win and keep his Triple Crown dream alive leading into the Belmont Stakes in June.
I’ve added this page to help Arkansas and Mississippi residents understand how to quickly and easily place a bet on the 2023 Preakness Stakes online. Below I will recommend a sportsbook for Preakness betting, look at the betting regulations in both states, and provide a simple 3 step guide you can follow to place your Preakness bets online from anywhere in Arkansas or Mississippi.
Best Preakness Stakes Betting Site
BetOnline.ag is our recommended betting site for Arkansas and Mississippi residents interested in betting on this years Preakness Stakes. BetOnline is a popular and trusted online sportsbook that has served the US market since 2004. BOL accepts players from across the US, including Arkansas and Mississippi.
Preakness Stakes Betting in Arkansas and Mississippi
Sports betting is legal and regulated in both Arkansas and Mississippi.
Sports betting has been legal in Arkansas for five year (since 2018), but bettors could only place bets on-location at one of three licensed casinos in the state. The on-location rule changed in March of 2022, with regulated mobile sports betting launching in the state. Arkansas rules allow for up to 8 regulated online sportsbooks in the state.
Sports betting has also been legal in Mississippi for the past five years (since 2018), but in Mississippi bets can still only be placed on-location at a licensed casino. Mississippi residents must be on-site at a water or land based casino in Mississippi to place a legal/regulated wager.
Arkansas and Mississippi residents also have the option to place bets online through offshore betting sites that are licensed outside of the US, while accepting American bettors. BetOnline.ag is our recommended offshore betting site for Americans.
Bet On The Preakness – 3 Step Guide
Follow this three step tutorial to bet on the Preakness Stakes online from anywhere in Arkansas or Mississippi.
Step 1. Open A BetOnline.ag Account
Click the above link, select ‘Join Now’ on the home page, and fill out the sign up form to open your account.
Step 2. Deposit
Log into your BOL account and click the ‘Deposit’ button. Select one of the deposit options, enter the amount, and follow the instructions for your chosen method to make your deposit.
BetOnline accepts Visa, MasterCard, American Express, BTC, ETH, other cryptocurrencies, and more. You can withdraw your winnings through most of those same methods, as well as by bank wire or check.
Step 3. Place Your Preakness Bets
It’s time to bet on the 2023 Preakness Stakes.
You can place your Preakness bets in either the ‘Sports’ or ‘Racebook’ sections of the BOL website. In the Sportsbook you can bet on the race winner at fixed odds, while in the Racebook you have all of the horse race betting options (win/place/show, exacta, trifecta, etc), but the parimutuel betting system is used.
**With the parimutuel betting system your bets are not locked in at set odds, instead the odds are determined by the amount of money wagered on each outcome relative to the total amount bet into the pool (at the race track).
Sportsbook Bet (Fixed Winner Odds)
- Click ‘Sports’ from the top navigation bar.
- Open the ‘Horse Racing’ drop down menu and select ‘Horses Daily’ -> ‘Pimlico’.
- Select the odds of the horse you want to bet on to win the Preakness.
- Enter your risk amount on the Bet Slip and click ‘Place Bet’ to make the wager.
Here are the odds and post positions from the Sportsbook for the Preakness Stakes (odds taken on May 17th):
Racebook Bet (Parimutuel Betting)
- Click ‘Racebook’ from the top navigation bar.
- Open the US Thoroughbred drop down menu and select ‘Pimlico’.
- Select May 20th and race #13 (post time of 7:01pm) for the Preakness.
- Select your bet type, enter your bets, and click ‘Add To Bet Slip’.
- Review your bets on the Bet Slip and click ‘Submit All Bets’ to make the wagers.
**The below screenshot is an example showing a Win bet on Mage to win this years Preakness Stakes.**
For full descriptions of the popular bets you can make on the Preakness Stakes in the Racebook, check out our horse race betting section.
Ready to bet? Click here to visit BetOnline.ag.