The 150th running of the Preakness Stakes takes place Saturday at Baltimore's Pimlico Race Course. This guide covers the best Preakness betting apps, types of bets you can place, and 2025 Preakness Stakes betting odds.

The third and final jewel of the Triple Crown will be awarded when the 2025 Belmont Stakes goes off on Saturday, June 7 at Saratoga Race Course. Belmont Park, the traditional home of the race, is still undergoing renovations, so the 157th running of the Belmont will take place upstate.

Pimlico Race Course in Baltimore is set to undergo major renovations after Saturday’s race. For many, horse racing’s biggest event is in need of an overhaul, too.