Preakness Stakes Bitcoin Betting

In this insightful guide, GOSUBETTING takes you through the rich heritage of the race, looking at past performances, and offers insights into Bitcoin betting strategies. Our comprehensive guide will equip you with everything you need to enjoy the exciting Bitcoin betting journey of the Preakness Stakes. Join us as we explore the intricate details of this iconic race and uncover the secrets to making informed crypto bets.

Best Preakness Stakes Bitcoin Bookmakers & Sportsbooks

1
200% up to $500 / Code: No Bonus Code needed
9 / 10
18+ Terms Apply
Visit
2
Four-part deal up to $1,600 / Code: No Bonus Code needed
8 / 10
18+ Terms Apply
Visit
3
100% up to $100 / Code: No Bonus Code needed
8 / 10
18+ Terms Apply
Visit
4
100% up to $500 / Code: No Bonus Code needed
8 / 10
18+ Terms Apply
Visit
5
100% up to $500 / Code: No Bonus Code needed
8 / 10
18+ Terms Apply
Visit
6
100% up to 500 USDT / Code: No Bonus Code needed
7 / 10
18+ Terms Apply
Visit
7
100% up to $100 / Code: No Bonus Code needed
7 / 10
18+ Terms Apply
Visit
8
Various Promotions / Code: No Bonus Code needed
7 / 10
18+ Terms Apply
Visit
9
Various Promotions / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
10
Various Promotions / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
11
100% up to $100 / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
12
100% up to 1 BTC / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
13
100% up to €100 / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
14
Various Promotions / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
15
Various Promotions / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
16
Various Promotions / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
17
100% up to $105 / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
18
100% up to 1BTC / Code: No Bonus Code needed
6 / 10
18+ Terms Apply
Visit
19
Various Promotions / Code: No Bonus Code needed
5 / 10
18+ Terms Apply
Visit
20
150% up to $3,750 / Code: JOIN200
5 / 10
18+ Terms Apply
Visit
Filtering reviews
1
Four-part deal up to $1,600 / Code: No Bonus Code needed
10 / 10
18+ Terms Apply
Visit
2
200% up to $500 / Code: No Bonus Code needed
9.8 / 10
18+ Terms Apply
Visit
3
100% up to 500 USDT / Code: No Bonus Code needed
9.6 / 10
18+ Terms Apply
Visit
4
Various Promotions / Code: No Bonus Code needed
9.6 / 10
18+ Terms Apply
Visit
Filtering reviews

Preakness Stakes Overview

The 149th edition of the celebrated Preakness Stakes is set to unfold in 2024, continuing the tradition in Baltimore that rivals the excitement and festivities of the other Triple Crown races. Annually, over ten horses are anticipated to participate in this second gem of the Triple Crown series.

The crucial announcements of post positions and first odds are typically made a week before the race at Pimlico Racecourse, helping bettors in their Bitcoin betting decisions. Marked by the vibrant ‘Run for The Black Eyed Susans’ – named after Maryland’s state flower – the Preakness is not just about the race but also about the iconic celebrations.

Preakness Stakes Bitcoin Betting

Understanding the Preakness Stakes

This premier event challenges three-year-old Thoroughbred horses in a sprint over a 1,900-meter (approximately 1.181-mile) dirt track, making it the shortest of the Triple Crown races. The quest for the Triple Crown title requires victory in the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. This prestigious feat has been achieved by only 12 horses to date.

In the race, geldings and colts are tasked with carrying a weight of 57 kg (126 lb) and fillies 55 kg (121 lb). In equine terms, a gelding is a castrated male horse, a colt is a young male, and fillies are young females.

Preakness History

The Preakness Stakes takes its name from the colt Preakness, the inaugural winner of the Dinner Party Stakes at Pimlico on October 25, 1870. The first Preakness Stakes, held on May 27, 1873, saw seven Thoroughbreds compete, with Survivor emerging victorious.

This prestigious race hasn’t always been the second leg of the Triple Crown. Up until 1932, it was sometimes scheduled before or concurrently with the Kentucky Derby.

Celebrating the Preakness Stakes

The Preakness Stakes, often referred to as the Second Jewel of the Triple Crown, has been a Maryland tradition since its inception in 1873. It’s a cultural spectacle celebrated with fashion and flair, where attendees often sport sophisticated attire and extravagant hats.

Run for the Black-Eyed Susans:

Dubbed the ‘Run for the Black-Eyed Susans’, this race pays homage to Maryland’s state flower, Rudbeckia hirta. However, since these flowers bloom in June, the winner is draped with a blanket of Viking poms or daisies artistically changed to resemble black-eyed Susans.

Maryland’s Official Song:

Before the race, the third verse of ‘Maryland, My Maryland,’ the state anthem, is traditionally performed. Despite its divisive Civil War roots, the song remains a staple at the race, often performed by the United States Naval Academy Glee Club.

The Iconic Weather Vane:

Post-race, a unique tradition unfolds as a painter ascends the cupola to color the weather vane (shaped like a jockey on a horse) in the winning horse’s colors. This custom started in 1909 at the behest of the Maryland Jockey Club.

The Woodlawn Vase Trophy:

Winners of the Preakness Stakes are bestowed with the illustrious Woodlawn Vase, a Tiffany & Co. silver trophy first awarded in 1860. Valued at a million dollars, it’s considered the sport’s most valuable trophy. Winners now receive a replica, with the original housed at the Baltimore Museum of Art.

Memorable Preakness Moments:

  • 1973: Secretariat set a still-standing record time of 1:53.
  • 1980: Codex’s controversial win against Genuine Risk.
  • 2005: Afleet Alex’s comeback victory followed by a Belmont win.
  • 2015: American Pharoah’s rainy-day triumph, leading to a Triple Crown.
  • 2018: Justify’s foggy victory, setting the stage for his Triple Crown win.

The Triple Crown Quest:

To achieve the Triple Crown, a three-year-old Thoroughbred must win the Kentucky Derby, Preakness Stakes, and Belmont Stakes. Sir Barton was the first to do so in 1919, with only 12 others achieving this feat since, including Justify in 2018. Twenty-three horses have claimed the first two jewels but faltered at the Belmont Stakes.

Understanding Post Position in Horse Racing

Post position in horse racing is an important element that determines from which stall or gate a horse begins the race. Each horse is allocated a numbered post position, which sets its location on the track relative to the rail and other competitors. This positioning can significantly influence your Bitcoin strategy.

Assigning Post Positions at the Preakness Stakes

For the Preakness Stakes, the assignment of post positions is a matter of chance, conducted through a random draw. This event typically happens on the Monday afternoon before the race.

In this process, pills or marbles, each representing a horse in the race, are placed in a draw machine. Once activated, the machine mixes these markers thoroughly. Race officials or representatives of the horses then draw these markers. Each draw assigns a specific post position to a horse, determining its starting point in the race.

This random selection method is designed to ensure fairness, eliminating any potential for bias or manipulation in the Preakness Stakes.

The Numbering System for Post Positions in Horse Racing

In horse racing, post positions are typically numbered starting from the innermost rail and moving outward. Here’s how it typically works:

  • Position 1: The stall nearest to the inner rail is given number 1, often seen as beneficial due to the shorter distance to the first turn.
  • Sequential Order: Each stall receives the next number in sequence, progressing outward from the inner rail. For example, the second stall is number 2, the third is number 3, and so forth.
  • Maximum Number: The highest post position number corresponds to the total number of horses in the race. For instance, in a race with ten horses, post positions would range from 1 to 10.

Post Positions for the 2024 Preakness Stakes

Once the positions are announced, Bitcoin bettors can start strategizing their bets using our recommended horse racing crypto sports betting sites.

Impact of Post Position in the Preakness Stakes

While the post position is a crucial factor in the Preakness Stakes, its influence on a horse’s success varies. Historical data doesn’t show a consistent pattern linking post position to winning chances. Here are some insights:

Post Position Success Rates Since 1909

  • Position 1: 13 Wins (11.21% Win Rate)
  • Position 2: 12 Wins (10.34%)
  • Position 3: 12 Wins (10.34%)
  • Position 4: 14 Wins (12.07%)
  • Position 5: 13 Wins (11.21%)
  • Position 6: 16 Wins (13.79%)
  • Position 7: 14 Wins (12.07%)
  • Position 8: 10 Wins (8.62%)
  • Positions 9 to 14: Varied Wins with Lower Rates

Despite the significance of post positions, crypto bettors should consider them as just one of many factors in their betting strategy for the Preakness Stakes.

Challenging Post Positions at the Preakness Stakes

Historically, the No. 14 post position at the Preakness Stakes has never seen a winner, making it the least successful starting point. Similarly, the No. 13 post has only secured a single win, showing that it’s not a favorable position either.

Strategies for Handicapping Using Post-Position

Handicapping the Preakness Stakes with post position in mind involves researching how the starting spot impacts a horse’s performance. Consider these key aspects before placing your Bitcoin bets:

  • Proximity to the First Turn: Inside positions have the advantage of a shorter distance to the first turn, potentially benefiting horses that can quickly take the lead. Conversely, outside positions may force a longer route.
  • Track Bias Insights: Look at the track’s historical bias. Some tracks show a preference for certain post positions. Understanding this can help in predicting how a horse might perform from a given starting spot.
  • Running Style Alignment: Match a horse’s running style with its post position. Inside posts might favor early speedsters, while outside posts could benefit those with a strong finishing kick.
  • Navigating Traffic: Inside positions can lead to crowding or getting boxed in, while outer positions may offer more space for maneuvering, important for avoiding traffic during the race.
  • Historical Performance Data: Look at the history of horses running from various post positions in past Preakness Stakes. Identifying any success patterns or struggles can inform your Bitcoin betting choices.

While post position is a significant factor in race handicapping, it’s important to balance this with other elements like form, jockey expertise, trainer strategies, and the horse’s recent race history for a well-rounded betting approach.

Guide to Betting on the Preakness Stakes

Placing bets on the Preakness Stakes follows standard horse race betting formats, offering a variety of options on prominent crypto horse racing platforms.

  • Win Bet: This straightforward bet involves selecting a horse to win the race. The morning odds give an initial estimate of each horse’s chances, with final odds determined post-betting. Payouts are based on these final odds, expressed in decimal form, showing the return on each dollar you bet.
  • Place Bet: Here, you bet on a horse to either win or secure a second-place finish. Similar to win bets, the odds are provided in the morning and finalized after all bets. Payouts for place bets are less than win bets due to higher winning probabilities.
  • Show Bet: This bet covers a horse to finish in the top three positions – first, second, or third. As with other bets, morning odds offer a preliminary outlook, with final odds set after betting ends. The payout for show bets is lower than both win and place bets, reflecting the increased likelihood of winning.
  • Exacta Bet: A more complex bet, the exacta requires selecting two horses to finish first and second in precise order. Boxed exactas allow for reversed finishing order bets. At the 2023 Preakness Stakes, the exacta paid $12.90 for a $1 bet.
  • Trifecta Bet: This bet demands predicting the first three finishers in exact order. Like exactas, trifectas can be boxed to cover all possible finishing combinations of the chosen horses. The 2023 Preakness Stakes saw a $1 trifecta paying out $33.25.
  • Superfecta Bet: The superfecta challenges bettors to guess the top four finishers in exact order correctly. Given its difficulty, it promises big payouts. Boxing a superfecta covers all finishing combinations but can be costly. The 2023 event had a $1 superfecta payout of $162.90.
  • Wheeling Bets: This strategy involves ‘wheeling’ exacta, trifecta, or superfecta bets by fixing certain horses in specific positions while varying others across multiple bets for different potential finishing sequences.

Each of these betting options offers an exciting way to enjoy the Preakness Stakes, catering to various levels of risk appetite and betting expertise.

Featured Bitcoin Preakness Stakes Betting Site

BC.Game Welcome Bonus

180% up to $20,000 First Deposit Bonus

Lucky Spin Bonus, Task Rewards, Rakeback Bonus, Recharge Bonus, Free Bets
18+ – Gamble responsibly – GambleAware.org – T&C’s apply

Online Sportsbook Betting on the Preakness Stakes

Crypto-based online sportsbooks offer the opportunity to bet on the Preakness Stakes, a key component of the Triple Crown. Bettors should carefully review the specific rules and conditions applicable to horse race betting on these platforms.

  • Understanding Betting Terms: It’s important to know the betting terms of each sportsbook. Some Bitcoin sportsbooks might offer fixed-odds betting with potentially different odds and limits on payouts.
  • Favorites for the 2024 Preakness Stakes: The 2024 race is expected to feature a blend of Kentucky Derby participants, including its winner. So, current frontrunners for the Derby might also be strong contenders for the Preakness Stakes.
  • Qualifying for the Preakness Stakes: The race has a limited field, with a cap of 14 horses, fewer than the Kentucky Derby’s 20. Alongside Kentucky Derby contenders, the field often includes horses qualified through the Maryland Jockey Club’s series. Key qualifying races include the Oaklawn Invitational at Oaklawn Park, the Federico Tesio at Laurel Park, and the El Camino Derby at Golden Gate Fields.
  • InfieldFest: A Preakness Tradition: Pimlico Race Course hosts InfieldFest, now rebranded as Preakness LIVE, on the day of the race. This music festival, set against the backdrop of the Preakness Stakes, features local culinary delights and a star-studded musical lineup. In 2023, the festival was headlined by the acclaimed Bruno Mars, highlighting its growing popularity as a concurrent cultural event.

This outlines the essentials of betting with Bitcoin on the Preakness Stakes, providing insights into the favorites, the qualifying process, and the unique cultural festivities that go hand in hand with this celebrated horse racing event.

Analyzing Trends in the Preakness Stakes: A Look at Recent Years

As we approach the 2024 Preakness Stakes, looking at trends from previous years can be a huge help for Bitcoin bettors and horse racing lovers. Here’s a look at some notable patterns and statistics:

  • Tracking the Winners: Over the past decade, following the Preakness Stakes winners in their subsequent races has brought mixed results. Out of 9 runners who competed again, only 2 won, resulting in a Loss on Stakes Placed (LSP) of -5.45. This statistic shows that winning the Preakness Stakes doesn’t necessarily guarantee future success.
  • Record-Breaking Times: Reflecting on the fastest times recorded in the last 10 years, Swiss Skydiver, who was trained by Kenneth McPeek and ridden by Robby Albarado, clocked the quickest time in 2020 with 1:53.28. On the contrary, the 2015 winner American Pharoah, trained by Bob Baffert and ridden by Victor Espinoza, recorded the slowest winning time of 1:58.46.

Top Three Fastest Times in Recent Years:

  • 2020 – Swiss Skydiver (1:53.28)
  • 2021 – Rombauer (1:53.62)
  • 2019 – War Of Will (1:54.34)

These insights into recent Preakness Stakes trends can offer valuable information for crypto bettors and fans as they prepare for the upcoming 2024 race, highlighting the importance of both speed and consistency in this prestigious event.

Recent Triumphs: Preakness Stakes Champions

Getting into the recent Preakness Stakes, we see a range of champions who have left a mark on this race. Below is a snapshot of the recent past winners, capturing their achievements, the trainers who guided them, and the jockeys who steered them to victory:

2023: National Treasure (USA)

  • Time: 1:55.12
  • Age/Weight: 3yo, 9-0
  • Stall: 1 of 7
  • Odds: 29/10
  • Jockey: John R Velazquez
  • Trainer: Bob Baffert (USA)

2022: Early Voting (USA)

  • Time: 1:54.54
  • Age/Weight: 3yo, 9-0
  • Stall: 5 of 9
  • Odds: 57/10
  • Jockey: Jose L Ortiz
  • Trainer: Chad C Brown (USA)

2021: Rombauer (USA)

  • Time: 1:53.62
  • Age/Weight: 3yo, 9-0
  • Stall: 6 of 10
  • Odds: 118/10
  • Jockey: Flavien Prat
  • Trainer: Michael McCarthy (USA)

2020: Swiss Skydiver (USA)

  • Time: 1:53.28
  • Age/Weight: 3yo, 8-11
  • Stall: 4 of 11
  • Odds: 117/10
  • Jockey: Robby Albarado
  • Trainer: Kenneth McPeek (USA)

2019: War Of Will (USA)

  • Time: 1:54.34
  • Age/Weight: 3yo, 9-0
  • Stall: 1 of 13
  • Odds: 61/10
  • Jockey: Tyler Gaffalione
  • Trainer: Mark Casse (CAN)

This not only shows the exceptional caliber of horses that graced the Preakness Stakes but also highlights the strategic mastery of their trainers and the skills of their jockeys. These horses and their teams have carved their names into the annals of horse racing history.

Preakness Stakes: International Trainers and Jockeys’ Impact

In the Preakness Stakes, trainers and jockeys from various countries have showcased their skills. Let’s look at the countries of these winning professionals:

Origin of Winning Trainers:

  • USA: Dominating the field, American trainers boast 9 wins and 18 additional placings from 90 entrants.
  • Canada: Canadian trainers have also made their mark with 1 win and an extra placement from 5 runners.
  • Japan: Despite their participation, Japanese trainers have yet to secure a win or place from 2 runners.

Distinguished Trainers in the Preakness Stakes

Bob Baffert stands out as a luminary in the last decade of the Preakness Stakes, clinching the race three times with champions like American Pharoah (2015), Justify (2018), and National Treasure (2023). Chad C Brown is another notable trainer, achieving 2 wins. Conversely, Steven Asmussen, despite fielding 10 runners, has yet to taste victory in this race.

Key Trainer Statistics (Last 10 Renewals):

  • Bob Baffert: 11 runners, 3 wins, 5 places | Win LSP: -3.80 | EW LSP: -4.02
  • Chad C Brown: 6 runners, 2 wins, 3 places | Win LSP: +15.10 | EW LSP: +8.57
  • Steven Asmussen: 10 runners, 0 wins, 3 places | Win LSP: -10.00 | EW LSP: -5.47
  • Mark Casse: 5 runners, 1 win, 2 places | Win LSP: +2.10 | EW LSP: +0.38
  • Kenneth McPeek: 4 runners, 1 win, 3 places | Win LSP: +8.70 | EW LSP: +9.22
  • Michael McCarthy: 1 runner, 1 win, 1 place | Win LSP: +11.80 | EW LSP: +7.08
  • J Keith Desormeaux: 1 runner, 1 win, 1 place | Win LSP: +2.60 | EW LSP: +1.56
  • Art Sherman: 1 runner, 1 win, 1 place | Win LSP: +0.50 | EW LSP: +0.30
  • D Wayne Lukas: 6 runners, 0 wins, 1 place | Win LSP: -6.00 | EW LSP: -3.97
  • Doug O’Neill: 3 runners, 0 wins, 1 place | Win LSP: -3.00 | EW LSP: -2.43

Jockeys Making a Mark in the Preakness Stakes

Regarding the jockeys, Victor Espinoza has excelled with two wins aboard California Chrome (2014) and American Pharoah (2015).

Prominent Jockey Statistics (Last 10 Renewals):

  • Victor Espinoza: 2 runners, 2 wins, 2 places | Win LSP: +1.40 | EW LSP: +0.84
  • Javier Castellano: 8 runners, 1 win, 2 places | Win LSP: +6.40 | EW LSP: +2.80
  • John R Velazquez: 7 runners, 1 win, 3 places | Win LSP: -3.10 | EW LSP: -2.80
  • Jose L Ortiz: 5 runners, 1 win, 1 place | Win LSP: +1.70 | EW LSP: -0.58
  • Mike E Smith: 4 runners, 1 win, 1 place | Win LSP: -2.60 | EW LSP: -2.76
  • Tyler Gaffalione: 2 runners, 1 win, 1 place | Win LSP: +5.10 | EW LSP: +2.66
  • Flavien Prat: 1 runner, 1 win, 1 place | Win LSP: +11.80 | EW LSP: +7.08
  • Robby Albarado: 1 runner, 1 win, 1 place | Win LSP: +11.70 | EW LSP: +7.02
  • Kent J Desormeaux: 1 runner, 1 win, 1 place | Win LSP: +2.60 | EW LSP: +1.56
  • Joel Rosario: 7 runners, 0 wins, 4 places | Win LSP: -7.00 | EW LSP: +1.95

This overview of trainers and jockeys in the Preakness Stakes not only highlights their diversity but also underscores their significant contributions to the history of this prestigious horse racing event.

2024 Preakness Stakes Trends

As we gear up for the 149th Preakness Stakes, let’s now take a look at the trends that could shape the outcome of the race. These trends, derived from historical data, offer valuable help for those looking to place informed Bitcoin bets.

  • Recent Favorites’ Finishes: Observing the finishing positions of recent favorites reveals patterns: 1st, 1st, 3rd, 8th, 1st, 6th, 2nd, 3rd, 2nd, 3rd.

Key Statistical Trends (Last 10 Races):

  • Top Market Positions: 100% of winners were within the first 6 in the betting market.
  • Recent Form: All winners had a maximum price of 17/5 in their last win.
  • Weight Factor: Each winner carried between 121 and 126lbs in their last outing.
  • Performance History: Every winner had 3 – 8 career placings and was not placed in G3/LST/Cl2 in their last race.
  • Preparation Period: Winners had a break of 14 – 260 days before their last win.
  • Distance Covered: All had run between 1m1f – 1m2f in their last race.
  • Margin of Victory: Each winner secured at least a neck victory in their last win.
  • Race Field Size: Participated in a field of 8 – 20 horses in their last race.

These trends are important if you’re looking to predict the winner of the 2024 Preakness Stakes.

In-Depth Trend Analysis

Looking at specific trend factors and their impact on past winners offers a unique perspective if you want to bet on this classic race.

  • Successful Trend Factor: The most favorable trend, yielding 5+ winners with an impressive LSP of +12.90, is linked to runners with 3 career places in Flat (Dirt) races.
  • Least Successful Trend Factor: A trend to avoid is backing runners whose last placement was 2 starts ago. This has a disappointing record of 0-29.

Recent Winning Post Positions:

  • 2023: Winner from Post 1 in a field of 7 runners.
  • 2022: Winner from Post 5 in a field of 9 runners.
  • 2021: Winner from Post 6 in a field of 10 runners.
  • 2020: Winner from Post 4 in a field of 11 runners.
  • 2019: Winner from Post 1 in a field of 13 runners.

Notable Insights:

  • Leading Preparatory Course: Churchill Downs emerges as a significant preparatory ground with 6 winners last competing there.
  • Gender Analysis: Male runners have a higher success rate with 9 winners out of 94 runners, compared to 1 winner from 3 female runners.
  • Stallion Spotlight: One stallion to be cautious about is Uncle Mo, whose offspring have yet to secure a win in the Preakness Stakes despite 6 attempts.
  • Odds and Favorites Analysis: The highest-priced winner in the last decade was Cloud Computing in 2017 at odds of 134/10. Over the same period, 3 favorites have triumphed in the race.

Remember, these statistics and trends are curated based on comprehensive data from the racing post, ensuring you have reliable information for your Bitcoin betting decisions.

Understanding Bitcoin Betting on the Preakness Stakes

Bitcoin betting adds an innovative twist to betting on the Preakness Stakes. Cryptocurrency betting is becoming huge, and Bitcoin, the most popular digital currency, is at the forefront of this movement. Betting with Bitcoin offers anonymity, reduced transaction fees, and faster deposits and withdrawals compared to traditional betting methods.

How to Bet on the Preakness Stakes Using Bitcoin

  1. Selecting a Bitcoin Sportsbook: First, choose a GOSUBETTING-recommended crypto sportsbook that accepts Bitcoin. Look for reputable platforms, that offer competitive odds on horse racing, and have user-friendly interfaces.
  2. Creating an Account: Register on the chosen Bitcoin sportsbook. This process typically requires providing some basic information and verifying your account.
  3. Depositing Bitcoin: Deposit Bitcoin into your sportsbook account. You’ll need a Bitcoin wallet to transfer funds. The deposit process usually involves sending Bitcoin to the sportsbook’s wallet address.
  4. Placing Bets: Once your Bitcoin has gone into your account, Go to the Preakness Stakes betting section. Select your bets, whether they’re on the race winner, top-three finishes, or other betting lines offered for the event.
  5. Withdrawing Winnings: If your bets win, you can withdraw your earnings in Bitcoin. The withdrawal process involves transferring the Bitcoin from your sportsbook account to your wallet.

Advantages of Using Bitcoin for Betting on the Preakness Stakes

  • Anonymity: Bitcoin transactions offer more privacy compared to traditional sports books.
  • Lower Fees: Usually, Bitcoin transactions have lower fees than standard bank transfers or credit card payments.
  • Global Accessibility: Bitcoin is decentralized and accessible worldwide, making it a convenient option for international bettors.
  • Speed: Bitcoin transactions are typically faster, enabling quicker deposits and withdrawals.

Considerations for Preakness Stakes Bitcoin Betting

  • Volatility: Bitcoin’s price can be a bit volatile, which might affect the value of your deposits and winnings.
  • Learning Curve: If you are new to cryptocurrencies, there might be a learning curve in understanding Bitcoin wallets and transactions.
  • Regulatory Landscape: The regulatory environment for Bitcoin betting varies by region, so it’s important to be aware of the legal aspects of your jurisdiction.

Staying Safe While Betting with Bitcoin

  1. Choose Reputable Sportsbooks: Opt for well-known and reliable sportsbooks that have positive reviews and a track record of fair betting practices.
  2. Secure Your Wallet: Use a secure Bitcoin wallet and ensure you follow best practices for safeguarding your cryptocurrency.
  3. Bet Responsibly: As with any form of gambling, bet within your means and be aware of the risks involved.

Bitcoin betting on the Preakness Stakes offers an advantage for experienced bettors and cryptocurrency lovers alike. As the world of online betting evolves, Bitcoin stands out as a great method for placing bets on prestigious horse racing events like the Preakness Stakes.

2024 Preakness Stakes Details

As we gear up for the 149th edition of the Preakness Stakes, let’s get into the details to ensure you are ready for anticipation of the race.

  • Date and Time: Mark your calendars for Saturday, May 18, 2024. The Preakness Stakes, the celebrated second jewel of the Triple Crown, follows the Kentucky Derby and precedes the Belmont Stakes in June.
  • Prize Money Breakdown: In 2023, the total purse stood at $1.5 million. The distribution was as follows:
  • Winner: $900,000 (60% of the purse)
  • 2nd place: $300,000
  • 3rd place: $165,000
  • 4th place: $90,000
  • 5th place: $45,000

Fillies in the Limelight

The history books note that only six fillies have claimed victory in the Preakness Stakes. Swiss Skydiver’s win in 2020 made her the very first filly winner since Rachel Alexandra took the win in 2009. The full list includes:

  • 2020: Swiss Skydiver
  • 2009: Rachel Alexandra
  • 1924: Nellie Morse
  • 1915: Rhine Maiden
  • 1906: Whimsical
  • 1903: Flocarline

Race Start Time

The Preakness traditionally commences at 6:45 p.m. EST in Baltimore. Ensure to finalize all bets before this time.

Record-Breaking Run

The legendary Secretariat still holds the speed record for the Preakness, clocking an impressive 1:53 in 1973. Interestingly, the Secretariat’s initial time was recorded as 1:55, later revised to 1:54 ​2⁄5, and finally, after detailed analysis in 2012, it was established as 1:53. This record is part of the Secretariat’s historic achievement in holding time records in all three Triple Crown races.

Conclusion

The Preakness Stakes offers a fantastic experience for horse racing lovers. With Bitcoin, this classic sport meets modern technology, providing a new and improved way to place bets. Bitcoin betting introduces advantages like anonymity, lower fees, and faster transactions, appealing to a global audience of bettors.

As we look ahead to the 2024 Preakness Stakes, remember to bet responsibly, stay informed about the horses and their performances, and choose reputable platforms for your Bitcoin betting endeavors. Embrace the blend of tradition and innovation as you experience the excitement of the Preakness Stakes with the added convenience and benefits of Bitcoin.

Frequently Asked Questions

Horse Races & Events for Bitcoin Betting

Other Sports for Bitcoin Betting

X