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2026 Preakness Stakes predictions, odds, field, location, post time: Picks from proven horse racing expert
TL;DR
The 2026 Preakness Stakes will take place on May 16 at Laurel Park, with a post time of 6:50 p.m. ET. Favorites include Iron Honor at 9-2 and Chip Honcho at 5-1, as the race lacks the Kentucky Derby winner again this year.
Key points
- 2026 Preakness Stakes on May 16 at Laurel Park
- Post time is 6:50 p.m. ET
- Iron Honor is the favorite at 9-2
- No reigning Kentucky Derby winner participating
- Total purse for the race is $2 million
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The next Triple Crown winner in horse racing will be decided on Saturday, May 16, at Laurel Park with the 2026 Preakness Stakes. The Preakness Stakes post time is set for 6:50 p.m. ET. For the second year in a row, the second leg of the Triple Crown will not have the reigning Kentucky Derby winner. Last year, Sovereignty sat out the Preakness after winning the Run for the Roses, and that's the case again this year with Golden Tempo. That opens the door for 2026 Preakness Stakes favorite Iron Honor (9-2) and other favorites like Taj Mahal (5-1), Chip Honcho (5-1), Incredibolt (5-1) and Ocelli (6-1).
This $2 million race is one of the biggest of the year, and it's a major event on the spots betting calendar. Before making any 2026 Preakness Stakes picks, be sure to see the 2026 Preakness Stakes predictions and best bets from SportsLine's elite horse racing expert Gene Menez.
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A former reporter and editor at Sports Illustrated, Menez covered an array of sports, including horse racing, for the magazine and its website for almost 14 years. Between 2010 and 2012, he served as SI's handicapper for the Triple Crown races and correctly predicted Super Saver to win the Kentucky Derby in 2010.
In 2015, while writing for Sports on Earth, Menez accurately gave out the Kentucky Derby superfecta (American Pharoah, Firing Line, Dortmund and Frosted), which paid $1,268.20 for $2. Then in 2017, he tweeted out his Kentucky Derby picks, including Always Dreaming to win, and hit the Pick 4, which paid almost $6,900 on a $1 bet. In 2024, Menez gave out 18-1 Mystik Dan as a live longshot in the Kentucky Derby. In last year's Kentucky Derby, he hammered the exacta and trifecta for a $1,045 payout. Anyone who has followed his horse racing betting advice could be way up.
Q&A
What time does the 2026 Preakness Stakes start?
The 2026 Preakness Stakes is scheduled to start at 6:50 p.m. ET on May 16.
Who are the favorites for the 2026 Preakness Stakes?
The favorites include Iron Honor at 9-2, Taj Mahal at 5-1, Chip Honcho at 5-1, Incredibolt at 5-1, and Ocelli at 6-1.
Why is the 2026 Preakness Stakes significant?
The Preakness Stakes is a major event in the horse racing calendar and is the second leg of the Triple Crown, with a purse of $2 million.
Which horses are not participating in the 2026 Preakness Stakes?
The reigning Kentucky Derby winner, Golden Tempo, will not participate in the 2026 Preakness Stakes, similar to last year's absence of Sovereignty.
