Early 2023 Preakness Stakes Betting Favorites

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The Preakness always attracts new shooters. Although the draw for the Triple Crown’s second jewel won’t happen until next Tuesday, it’s never to early to pre-handicap races like the May 20 event.

Check out early Preakness Stakes odds along with an odds analysis.

Early 2022 Preakness Stakes Betting Favorites | MyBookie Horse Betting Preview

When: Saturday, May 20, 2023
Where: Pimlico Racecourse, Baltimore, MD
TV/Streaming: NBC/Peacock

Why is Derby Winner Mage and Forte both at +300 Odds to Win the Preakness?

Mage was brilliant in the Kentucky Derby. The Gustavo Delgado trainee ran lights out to grab the win. No doubt, Mage should be the favorite to take the Preakness because the Derby winner broke the maiden on the lead. Also, the Preakness will be Mage’s fifth lifetime race, which means the horse has plenty of upside.

Forte scratched the Friday before the Derby. Forte beat Mage to win the Grade 1 Florida Derby. So it makes sense that Forte would be a co-favorite. Don’t be surprised if on race day, Forte is the outright chalk.

What Makes First Mission a +500 Shot to Win the Preakness

Brad Cox is going to rest his Derby runners. Angel of Empire, which finished third in the Kentucky Derby, may come back in the Belmont.

Since Cox is resting his Derby runners, Brad is going to start Lexington Stakes winner First Mission. The lightly raced Street Sense sired and Godolphin owned colt, ran lights out to take the Lexington.

The speed rating puts First Mission close to Forte and Mage. First Mission tracked a terrific Bob Baffert trained horse in Arabian Lion through soft fractions. The Baffert runner looked like a winner at the top of the stretch, but First Mission ran up the rail for a win.

For sure, First Mission is a top Preakness Stakes contender.

Which Horse Among Blazing Sevens, Henry Q, Confidence Game, and National Treasure offers the Fairest Odds to Win the Preakness?

National Treasure is back in the Bob Baffert barn and that makes him one to watch. Treasure changed barns to race for Tim Yakteen so he could qualify for the Derby. If National Treasure goes, we should expect a dynamite performance.

Neither Blazing Sevens nor Henry Q appear to be on First Mission’s, Forte’s, or Mage’s level. Confidence Game didn’t run well in the Derby. So there’s no reason to believe that one picks it up on May 20.

Which Longshot Among Red Route One, Instant Coffee, Chase The Chaos, and Il Miracolo is Worth a Look to Win the Preakness Stakes?

Il Miracolo and Chase The Chaos aren’t fast enough to win the Preakness. But Red Route One and Instant Coffee could surprise.

Red Route One beat Tapit Shoes and Victory Formation in the Bath House Stakes in the last. Victory Formation was a winter book Derby choice among players. More improvement makes Red Route One a possible upset contender.

Instant Coffee was another that generated Derby buzz earlier this year. The Grade 2 Kentucky Jockey Club winner bombed in the Louisiana Derby. But if the pace is swift, and if Instant Coffee has put on weight and improved, the Cox trained runner can surprise.

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