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The 2026 Preakness Stakes will take place at Laurel Park with 14 entrants, including favorites Iron Honor at 9-2 and Taj Mahal at 5-1. The race has a purse of $2 million and is set for 6:50 p.m. ET on Saturday.
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For the third time in the past five years and fifth time since 2019, the Preakness Stakes will be held without the winner having a shot at earning horse racing's Triple Crown. With Kentucky Derby winner Golden Tempo skipping the Preakness, Justify in 2018 will remain as the sport's last Triple Crown winner. Saturday's 2026 Preakness Stakes has 14 entrants and will be held at Laurel Park in Laurel, Md. Post time is set for approximately 6:50 p.m. ET.
The 1 3/16-mile race will have a purse of $2 million. Iron Honor is the 9-2 favorite, followed by Taj Mahal, Chip Honcho and Incredibolt, all at 5-1, Ocelli at 6-1 and Napoleon Solo at 8-1. 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 Jody Demling.
A fixture in the horse racing world who has been writing about, talking about and betting on races for years, Demling hit the top three finishers in the 2025 Kentucky Derby in the correct order. He also called 11 of the last 21 Preakness winners, including 2023, when he hit the winner, exacta, trifecta and superfecta. He hit the trifecta in the 2024 Preakness Stakes and nailed Journalism as the 2025 Preakness winner. Anyone who has followed him on horse racing betting sites could be way up.
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Now, with the 2026 Preakness Stakes horses finalized, Demling is sharing his 2026 Preakness Stakes betting picks and 2026 Preakness Stakes predictions over at SportsLine. Go to SportsLine to see them.
Iron Honor is the favorite at 9-2, followed by Taj Mahal, Chip Honcho, and Incredibolt at 5-1.
The 2026 Preakness Stakes is scheduled for Saturday at approximately 6:50 p.m. ET.
The 2026 Preakness Stakes will be held at Laurel Park in Laurel, Maryland.
Jody Demling, a seasoned horse racing expert, is providing predictions and best bets for the Preakness Stakes.

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One of Demling's surprising 2026 Preakness Stakes picks: He has Taj Mahal outside the top 5 on his projected leaderboard despite him being tied with Chip Honcho and Incredibolt for the second-lowest odds at 5-1. He's a perfect 3-for-3 in his career, with all his wins coming at Laurel Park. That comfort level around this track is a big factor in why he's among the favorites. Level of competition, however, is a question mark since he hasn't faced the caliber of horses that many who were on the Derby trail have, so Demling does not have him as a top-3 pick in his early Preakness predictions.
Demling has also locked in his picks for Iron Honor, the 9-2 morning-line favorite. Chad Brown's Preakness horse finished a distant seventh at the Grade 2 Wood Memorial on April, bogged down by traffic and post placement. His prior two races, he won them both, rolling the competition with speed figures that project very well for Preakness Stakes 2026. Demling believes in Brown, who is taking the blinkers off Iron Honor, and has taken similarly experienced horses to Preakness success.
Demling has evaluated Incredibolt's chances. Incredibolt is coming off a sixth-place finish at the May 2 Kentucky Derby. The Riley Mott-trained colt has posted three wins in his career, but has also finished fourth once and sixth twice. He is the son of Bolt d'Oro, who finished 12th at the 2018 Kentucky Derby.
Incredibolt opened his career with a fourth-place finish last August at the MSW at Ellis Park in Henderson, Ky. He followed that up with back-to-back wins. He took first at the MSW race at Churchill Downs, and was first at the 2025 Street Sense in October. After a sixth-place finish at the 2026 Holy Bull, he registered his last win at the 2026 Virginia Derby in March. See what horses Demling is backing at SportsLine.
Demling is also especially high on an epic double-digit longshot "with a chance" to win it all. Anyone who backs this sleeper pick could hit it big. Demling is sharing which horse it is, along with his entire projected 2026 Preakness Stakes leaderboard, over at SportsLine.
Which horse wins the Preakness Stakes 2026, and which stunning longshot is a must-back? Check out the latest 2026 Preakness Stakes odds below, then visit SportsLine to see Demling's picks for the Preakness Stakes, all from the expert who has nailed the last three winners.
| Post | Horse | Odds | Projection |
|---|---|---|---|
| 1 | Taj Mahal | 5-1 | SEE PICKS |
| 2 | Ocelli | 6-1 | SEE PICKS |
| 3 | Crupper | 30-1 | SEE PICKS |
| 4 | Robusta | 30-1 | SEE PICKS |
| 5 | Talkin | 20-1 | SEE PICKS |
| 6 | Chip Honcho | 5-1 | SEE PICKS |
| 7 | The Hell We Did | 15-1 | SEE PICKS |
| 8 | Bull By The Horns | 30-1 | SEE PICKS |
| 9 | Iron Honor | 9-2 | SEE PICKS |
| 10 | Napoleon Solo | 8-1 | SEE PICKS |
| 11 | Corono De Oro | 30-1 | SEE PICKS |
| 12 | Incredibolt | 5-1 | SEE PICKS |
| 13 | Great White | 15-1 | SEE PICKS |
| 14 | Pretty Boy Miah | 15-1 | SEE PICKS |