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2024 Preakness Stakes odds: Top favorites to bet on with your $520 FanDuel Racing bonus

Saturday’s Preakness Stakes has opened up with the midweek medical scratch of favorite Muth, and new customers using our FanDuel Racing promo codelink can claim up to $520 in No Sweat bonuses when they bet on the second leg of the Triple Crown.

2024 Preakness Stakes odds: Kentucky Derby-winner Mystik Dan is new favorite

HorseFanDuel Racing Odds
1 Mugatu20-to-1
2 Uncle Heavy20-to-1
3 Catching Freedom6-to-1
4 MuthScratch
5 Mystik Dan5-to-2
6 Seize the Grey15-to-1
7 Just Steel15-to-1
8 Tuscan Gold8-to-1
9 Imagination6-to-1

Post time for the 149th running of the Preakness Stakes at Pimlico Race Course in Baltimore is scheduled for 6:50 p.m. ET on Saturday, May 18. NBC has the national telecast.

The Bob Baffert-trained Muth opened as the 8-5 morning line favorite Monday after drawing the No. 4 post for the 1 3/16-mile race. But Muth developed a fever, and the horse’s temperature spiked at 103 degrees Tuesday night, hours after arriving at Pimlico, leaving Baffert’s camp to make an agonizing decision. The Maryland Jockey Club officially announced the scratch Wednesday morning.

That leaves an eight-horse field for the Preakness with Kentucky Derby-winner Mystik Dan the new morning line favorite at 5-2 from the No. 5 post. Mystik Dan will become a larger favorite once the odds are adjusted.

On May 4, the Kenny McPeek-trained Mystik Dan prevailed at Churchill Downs by a nose to win the closest Kentucky Derby since 1947.

Mystik Dan is seeking to become the first Triple Crown winner since Baffert’s Justify in 2018.

Muth did not run in the Kentucky Derby due to Baffert’s ban at Churchill Downs but did beat Mystik Dan (third place) and the field in the March 30 Arkansas Derby.

Baffert’s other Preakness entry, Imagination, was tied for second on the oddsboard early Thursday with Catching Freedom at 6-1. Baffert is attempting to extend his current Preakness record with a ninth victory at Pimlico. He won there in 2023 with National Treasure.

Tuscan Gold, at 8-1, was the only other horse with better than 10-1 Preakness odds as of Thursday.

2024 Preakness Stakes odds: Collect up to $500 in bonuses with FanDuel Racing’s No-Sweat promo

With a condensed eight-horse field and Triple Crown hopes on the line, it’s the perfect time to open a new FanDuel Racing account and wager on Saturday’s Preakness Stakes.

FanDuel Racing is available in the following states: AR, AZ, CA, CO, DE, FL, ID, IL, IN, KY, LA, MD, MA, MI, MN, MT, NH, NM, NY, ND, OH, OR, PA, RI, SD, VA, WA, WV, WY

If you’re a new customer in one of those 29 states, use our FanDuel Racing promo code link and reap up to $520 in bonuses.

It’s the ideal way to place your first horse racing wager as your bet comes with a No Sweat safety net.

Claiming your bonus in a few quick and easy steps. 

After registering, place a “To Win” bet on one of the eight Preakness entrants of your choice. If that horse doesn’t come through Saturday evening in Pimlico, you’re still covered as your stake — up to the maximum of $500 — will be refunded in the form of a FanDuel Racing bonus bet to use on a future race. You’ll also receive another $20 No Sweat Bet for the Preakness.

Just click on one of our handy FanDuel Racing links to view the full promo terms and conditions.

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