$20 No Sweat First Bet on Horse Racing

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The 149th Preakness Stakes goes on Saturday at Pimlico Race Course in Baltimore. Kentucky Derby winner Mystik Dan will be aiming to win the second leg of the Triple Crown. Horse racing betting fans can expect the online sportsbooks delivering odds and bonuses for this great event.

Below, we’ve listed out the top betting apps in the industry and spelled out their welcome bonus offers that are available for all qualified bettors in the lead-up to the race in Pimlico. Here’s what you need to know about these offers.

FanDuel Preakness Stakes Promo

FanDuel Racing is the horse racing-only sidekick to the FanDuel Sportsbook app! This app allows bettors to place wagers on horse races even in states where sports betting is not fully legalized. The FanDuel Racing app currently has two great offers available for customers. For users located in non-sports betting states (AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, WA), you can get a $500 No-Sweat First Bet. This allows you to get back up to $500 in racing site credits if your first wager loses on any race, including the Preakness. You'll get one week to use them, so be sure to place them once they hit your account. More information about the Fanduel Preakness Stakes promos can be found in our dedicated article.

If you are located in a regulated sports betting state (AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY), Fanduel will give you a $20 No-Sweat First Bet for Preakness betting online! Just bet $20 on the big race and if your bet loses you will get back $20 in racing site credits. You will have until June 10 to use your credits. This offer is available for both new and existing customers.

$20 No Sweat First Bet on Horse Racing

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Twinspires Preakness Stakes Betting Promos

One of the most popular spots to place your online horse racing bets, Twinspires has a terrific offer available for all new players in the lead-up to the Preakness Stakes. Players who sign up now will receive $200 in bonus bets, which are paid out in $100 increments for every $400 wagered. 

While this may seem steeper than some of the offers, the bonus bets are guaranteed and you’re eligible to earn cash profit on those real-money wagers you place.

DRF Bets Preakness Stakes Betting Promo

The Daily Racing Forum has been in operation since well before the internet existed (1894, to be exact) so you know they’re the go-to experts on all things horse race betting. 

They’re delivering the goods once again for the Preakness Stakes, providing all new players with a first-bet offer of up to $500. Earn cash profit on your first real-money wager or receive matching bet credits in return for a second chance to earn back your funds on whatever you wagered on at the Preakness.

$20 No Sweat First Bet on Horse Racing

Tap for Promo Activated! Visit site

Used 15 Times Today

Must be 18+ to participate. Terms and conditions apply.

BetMGM Preakness Stakes Betting Promo

The Preakness is one of the biggest horse races of the year, so it makes sense to also use the biggest welcome bonus offer on the board for new players. That’s what you’ll get with the BetMGM bonus code BOOKIES, which delivers all new players a first-bet bonus up to $1,500 when they register for an account.

Your first real-money wager will earn you cash profit with a win or matching bonus bets back with a loss. So even if your Preakness Stakes choice comes up short, you’ll have an opportunity to earn back your original funds with a do-over to get your bets correct.

Caesars Preakness Stakes Betting Promo

The Preakness winner will feel like royalty, and so will those who sign up for a new account using the Caesars Sportsbook promo code BOOKIES1000. 

Register before the race and earn a First Bet On Us up to $1,000. Either you’ll pick up cash profit on the first bet you place, or Caesars Sportsbook will give you a single matching bonus bet back for a second chance to win back your original funds.

DraftKings Preakness Stakes Betting Promo

We know DraftKings has an outstanding daily fantasy sports app and is an industry leader in online sports betting, and they’ve really turned the corner on their horse race betting offering, too. Players can download the DraftKings DKHORSE app for free on Apple or Android and receive a 100% deposit match up to $250 when they register for a new account using the, DraftKings Promo Code offer. There’s a 2x playthrough requirement on the bonus bets you receive, so you can get started early and have your winnings ready for the Preakness.

How to Bet on The Preakness Stakes

There’s certainly some analysis that goes into betting on horse racing. Past results, jockeys, trainers, course conditions, and position all play a factor. Then again, these are animals that are prone to anything that we’ll never be able to quantify.

Still, favorites are favorites for a reason—and there are plenty of handicappers analyzing the aforementioned factors that spit out the horses they believe will perform best. That’s where underdogs come into play. We don’t have to look far for winners at bigger odds, with Rombauer (12/1 in 2021) and Cloud Computing (13/1 in 2017) coming to mind. Research and reading analysis will always come into play in horse race betting, and knowledge is power in what is a short race with a huge impact on both the industry and potentially your pockets.

Types of Preakness Stakes Bets

As opposed to bets on sports like basketball, baseball, or hockey, horse race betting isn’t necessarily a winner-take-all outcome. 

Bettors certainly will be able to place wagers on the horse they believe will win the Preakness, but there are also available wagers on a horse to place (second) or show (third), with trifectas acting as a parlay where you wager on the exact outcome of the top-3 horses. There will be dozens of different betting options for players to bet on during the Preakness Stakes, and each of them comes with their own perks.

$20 No Sweat First Bet on Horse Racing

Tap for Promo Activated! Visit site

Used 50 Times Today

Must be 18+ to participate. Terms and conditions apply.