The Preakness Stakes is normally the second leg of the Triple Crown, and generally takes place on the third Saturday of May. This years Preakness Stakes was postponed until this Saturday, October 3rd, and will run as the final leg of the Triple Crown because the Belmont Stakes went ahead with its originally scheduled date in June.
Tiz the Law won the Belmont Stakes back in June, but finished second to Authentic at the Kentucky Derby last month, so there will be no Triple Crown winner in 2020. That said, this years Preakness Stakes features a quality field of 11 horses, including Derby winner Authentic, who will be the pre-race favorite on Saturday. Preakness Stakes coverage will be shown on NBC from 4:30-6pm EST on race day.
On this page I will outline my favorite offshore betting site that Texans can use to bet on the Preakness Stakes, touch on the legality of betting on the Preakness Stakes from Texas and finish up with a simple 3 step guide to help Texas residents get their Preakness Stakes bets place online in just minutes.
Best Online Sportsbook for Texans
BetOnline is our top rated betting site for Texans looking to bet on the Preakness. They are an offshore sportsbook that accepts players from across the United States, including Texas.
New players receive a free $25 horse racing bet that can be used on the Preakness, as well as a 7% rebate on daily horse racing bets and a first deposit bonus of up to $1000. Check out our full review here.
Preakness Stakes Betting in Texas
Texas is one of the many states that do not allow residents to bet on horse races through the official racetrack websites.
That said, there are several offshore betting sites, such as BetOnline.ag, that accept Texas players and allow you to bet on the Preakness Stakes, and other horse races, from the comfort of your own home. It is completely legal for Texas residents to use these offshore betting sites, and until Texas comes out with their own betting platform these offshore sportsbooks are really the only way for Texans to bet on horse races and other sports.
Check out our Texas sports betting section for a further breakdown of the sports betting climate in Texas.
How To Bet On The Preakness From Texas – 3 Steps
Follow these three steps to get your Preakness Stakes placed online before the race.
Step 1. Open a BetOnline.ag Account
BetOnline is our top rated site for Texans looking to bet on the Preakness Stakes. They accept players from across the USA and are focused on providing a secure and easy to use betting platform for the American public. BetOnline has served the USA market since 2004 and are committed to continuing to offer a great betting service to American residents for the long term.
Click here to visit BetOnline.ag and fill out the short registration form on the home page to open your account.
Step 2. Deposit
Click on the ‘Deposit’ button in the top right corner of the BetOnline website to deposit funds.
BetOnline accepts Visa, MasterCard, American Express, bitcoin, Skrill, Neteller and various other e-wallet deposits.
Use bonus code BOL1000 when making your first deposit to opt-in to the 50% matching bonus up to $1000 that is currently being offered.
You can cash out your winnings via cryptocurrency, Skrill, Neteller, bank wire or cashiers check.
Step 3. Bet On The Preakness Stakes
Depending on if you’re betting the Preakness in the week leading up to the race, or on race day itself, the way you place your bet varies.
Before Race Day
Leading up to race day you can place a futures wager on the 2020 Preakness Stakes in the ‘Sports’ section of the website. Click on ‘Sports’ in the top navigation bar and then select ‘Horses Daily’ -> ‘Pimlico’ from the ‘Horse Racing’ drop down menu. The Preakness Stakes betting lines will be available as race #11 on October 3rd.
Pick your horse -> enter your wager amount on the Bet Slip -> click ‘Place Bet’ to lock in your wager.
On Race Day
On Saturday you will be able to place your wager through the ‘Racebook’ section of the site. Click on ‘Racebook’ from the top navigation bar and then select ‘Thoroughbred’ and ‘Pimlico’ from the left sidebar. Pick race #11 with the post time of 5:38pm EST and select the type of wager you’d like to make (win/place/show, exacta, superfecta, etc).
Pick your horses(s) -> enter your risk amount -> click ‘Add To Bet Slip’. When you are happy with your bets click ‘Submit all bets’ to confirm.
Here’s a screenshot showing the clicks to make a bet in the Racebook for this years Preakness Stakes:
The bets you make through the Racebook will use the parimutuel betting system, which means the odds can change leading up to the race depending on the amount of money that is bet on each horse. Check out our horse racing section to learn more about the various bets you can make on the race.
Ready to bet? Click here to visit BetOnline.ag.