How To Bet On The 2020 Preakness Stakes in Illinois – 3 Steps

The Preakness Stakes is normally the second leg of the Triple Crown and takes place on the third Saturday in May. This years race is different. It was postponed to this coming Saturday, October 3rd and it will be the final race of the 2020 Triple Crown. There will be no Triple Crown winner this year after Authentic edged out Belmont Stakes winner, Tiz the Law, in the Kentucky Derby in early September. That said, the race will is full of quality horses including Authentic and Art Collector, and race day will be nationally broadcast on NBC from 4:30-6pm EST.

On this page I will outline our top rated betting site for Illinois residents, look at the Preakness odds, and outline a simple 3 step guide you can follow to get your Preakness Stakes bets placed online.

Best Sportsbook for Illinois Residents

Bet Now
  • Accepts players worldwide
  • Competitive betting lines
  • Fast & easy deposits and withdrawals (including Bitcoin)
50% up to $1000 is our #1 rated betting site for Illinois residents looking to bet on the Preakness Stakes. BetOnline has served the United States market for 15 years and has become the most popular and trusted offshore betting site serving Americans from everywhere in the country, including Illinois.

BetOnline is offering a $25 risk free horse racing bet to new players (can be used on the Preakness), a 7% horse race betting rebate, and a 50% matching bonus of your first deposit. Rollover requirements do apply. Check out our full review here.

Preakness Stakes Odds

Here are the odds for the Preakness Stakes from Wednesday, September 30th. These are the fixed odds from the sportsbook. I think they are more accurate than the morning line odds you will currently see in the Racebook.

You can find these odds on by selecting ‘Sports’ -> Opening the ‘Horse Racing’ drop down menu -> selecting ‘Horses Daily’.

Preakness Stakes Betting in Illinois

You can also bet on the Preakness Stakes race at any racetracks in Illinois or any Off-Track betting locations in the state. Arlington Park is a great track that will be hosting a watch & wager party for the race.

Of course, if you can’t make it to a betting location you can place your wagers online at

Bet On The Preakness from Illinois – Guide

Follow these three steps to bet on the 2020 Preakness Stakes online.

Step 1. Open a Account

Click the above link and fill out the short form on the home page to join.

Step 2. Deposit

Log into your new account and click on the ‘Deposit’ button. Choose one of the deposit options (Visa, MasterCard, Skrill, Bitcoin, etc) and complete the instructions to fund your account.

You can opt-in to receive the 50% matching bonus up to $1000 on your first deposit by entering promo code BOL1000 when making your deposit.

Step 3. Place Your Preakness Stakes Wagers

  1. Click ‘Racebook’ from the top menu bar.
  2. Open the ‘American Thoroughbred’ drop down menu and select ‘Pimlico’.
  3. Select ‘Oct 3’ and race #11 to bring up the Preakness Stakes.
  4. Select your wager type (straight, exacta, trifecta, etc) and enter your bets.
  5. After adding all of your wagers to your bet slip, click ‘Submit all bets’ to confirm.

Here’s a screenshot from the Kentucky Derby showing the steps (I will add a Preakness Stakes screenshot closer to the race):

The odds in the Racebook use the parimutuel betting system, so the odds you see may not be the final odds. The odds will change leading up to the race depending on the amount of money wagered on each horse.

Ready to bet?  Click here to visit

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