2026 Preakness Odds, Post Positions, Picks: Napoleon Solo Nabs Win
Preakness Stakes odds are in the rearview mirror, with the second leg of the Triple Crown complete. The 1 3/16-mile race took May 16, 2026, marking the 151st running of the Preakness.
With Kentucky Derby winner Golden Tempo not in the field, there was no shot at a continued Triple Crown pursuit. Napoleon Solo ultimately topped the 14-horse field.
Check back for updates on odds to win the Preakness Stakes, and use our FanDuel Racing promo code to get the most out of your action in 2026.
(Feature image: Matt Stone/Imagn Images)
2026 Preakness Odds
Flying Solo
LATEST UPDATE: Napoleon Solo closed as the 7/1 co-third choice in Preakness Stakes odds. Napoleon Solo charged past 9/2 favorite Taj Mahal as the field hit the final stretch, then held off Iron Honor for the victory.
Iron Honor was the 9/2 favorite after Monday's post draw, but ultimately closed at 8/1. Chip Honcho (11/1) finished third, followed by Ocelli (7/1) and Incredibolt (5/1).
Taj Mahal faded to 10th among the 14 horses.
Next up is the final leg of the Triple Crown races, the Belmont Stakes on June 6. However, the race will be held at Saratoga for the third and final year, while Belmont Park continues undergoing renovations.
FOURTH UPDATE: Taj Mahal is now the 9/2 favorite (+450), as of 6:20 p.m. ET, 40 minutes before post time. Incredibolt remains at 5/1, though now the second choice, followed by Great White at 7/1 and The Hell We Did at 8/1.
Then there are four horses at 9/1, including Iron Honor, who was the 9/2 favorite after Monday's post draw. Ocelli, Talkin and Napoleon Solo are also 9/1.
"The board is as wide as I've ever seen it. Taj Mahal is 9/2, and if I had to guess, this will be your post-time favorite," TwinSpires analyst Jared DeRossett said. "It's completely up in the air at this point. One of those races where you'll be happy with your selection, as far as price goes."
Added Ed DeRosa, horse race betting expert for Horse Racing Nation:
"Great White is taking three times more money in Win/Place/Show pools than anyone else. If you like a long shot, you're better off playing exactas or trifectas than betting to win."
THIRD UPDATE: At 1 p.m. ET, six hours before post time, Incredibolt and Taj Mahal are 5/1 co-favorites in Preakness Stakes odds. Incredibolt slipped a notch from Friday, when he was the solo favorite at 4/1, while Taj Mahal hasn't moved.
Eight of 14 horses are 9/1 or shorter. Following Incredibolt and Taj Mahal:
- Great White 7/1
- Iron Honor 8/1
- Ocelli 9/1
- Talkin 9/1
- The Hell We Did 9/1
- Napoleon Solo 9/1
"It's kind of gone how I expected it to, with money in the win pool spread pretty wide," TwinSpires sports analyst Jared DeRossett said. "Iron Honor at 8/1 is just shocking, and I don't expect that to hold, just based on the connections."
DeRossett's shock stems from Iron Honor sliding out, after opening as the 9/2 favorite following Monday's post draw. He expects trainer Chad Brown and jockey Flavien Prat to have Iron Honor in the mix today.
Another horse has DeRossett's attention, too.
"The No. 6, Chip Honcho, has my eye as of right now, keying back on that Louisiana Derby angle, like Golden Tempo," DeRossett said.
Golden Tempo was third in the Louisiana Derby, on March 21, then won the Kentucky Derby. Chip Honcho took fifth in the Louisiana Derby.
SECOND UPDATE: As of 1:30 p.m. ET Friday, with more than 24 hours of parimutuel wagers coming in, Incredibolt is the 9/2 favorite in Preakness Stakes odds. Incredibolt, who took sixth in the Kentucky Derby, opened as the 5/1 co-second choice in Preakness odds.
"Incredibolt took a big bet Thursday night and was as short as 7/2, but is back to the 9/2 favorite, with Taj Mahal at 5/1," said Ed DeRosa, horse race betting expert for Horse Racing Nation.
Incredibolt will break from the No. 12 gate in the 14-horse field. Taj Mahal is in the No. 1 slot, and Iron Honor – now the 8/1 co-third choice – is in the No. 9 gate.
DeRosa pointed out something interesting, though: While Incredibolt is drawing action in the Preakness win pool, the Preakness exacta pool has two other horses leading the way.
"As is typical with Preakness betting, the win pool is out of sync with the exacta pool. In the exacta pool, Iron Honor and Taj Mahal are the top two choices," DeRosa said.
If you're looking for a potential dark horse/long shot, Pretty Boy Miah might be worth a look. The colt opened at 15/1 following Monday's post draw, in which he landed the 14th and final gate. But he's now all the way out to 36/1.
"I'm surprised that Pretty Boy Miah is the longest shot. He's definitely not the least likely winner," DeRosa said.
OPENING ODDS UPDATE: Golden Tempo trainer Cherie DeVaux announced on May 6 that her horse won't pursue an elusive Triple Crown. Under jockey Jose Ortiz, the 23/1 shot rallied from the back of the 18-horse field to win the Kentucky Derby.
Renegade, the Derby's second-place finisher, is also skipping the second leg, as are most of those who raced in the Run for the Roses. In fact, only three horses in the full 14-horse Preakness field competed in the Kentucky Derby: Ocelli, Robusta and Incredibolt.
Ocelli was a 70/1 shot in the Derby and finished in the money, taking third. Incredibolt finished sixth and Robusta 14th.
After Monday's post draw, Iron Honor opened as the 9/2 favorite in 2026 Preakness odds. Iron Honor will break from post No. 9 under Flavien Prat.
"Iron Honor won the Gotham and seems to fit in nicely with this bunch," TwinSpires sports betting analyst Jared DeRossett said. "I'll be curious to see how well Ocelli prices out come post time. He ran a massive third in the Derby. I may look to fade that morning-line price."
Which is 6/1, making Ocelli – who drew the No. 2 post – the fifth choice in Preakness Stakes odds, in a tightly bunched top of the board. Right on Iron Honor's heels are three horses at 5/1: Taj Mahal in the No. 1 gate, Chip Honcho in the sixth gate and Incredibolt in the 12th gate.
With Golden Tempo out, obviously there's no chance for a Triple Crown in the Belmont Stakes.
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Preakness Stakes Post Positions🏇
The 2026 Preakness post draw took place Monday, May 11. Below are post positions and Morning Line odds.
- 1. Taj Mahal 5/1
- 2. Ocelli 6/1
- 3. Crupper 30/1
- 4. Robusta 30/1
- 5. Talkin 20/1
- 6. Chip Honcho 5/1
- 7. The Hell We Did 15/1
- 8. Bull By The Horns 30/1
- 9. Iron Honor 9/2
- 10. Napoleon Solo 8/1
- 11. Corona de Oro 30/1
- 12. Incredibolt 5/1
- 13. Great White 15/1
- 14. Pretty Boy Miah 15/1
2026 Preakness Stakes Info
Race: 13
Purse: $2 Million
Distance: 1 3/16 Miles
Surface: Dirt
Date: Saturday, May 16, 2026
Post-Time: 6:50 p.m. ET
TV: NBC/Peacock
Venue: Laurel Park
Location: Laurel, Maryland
The Preakness field has a maximum of 14 horses, who must qualify to enter. Qualifying is based on results/earnings from a series of Triple Crown prep races and of course the Kentucky Derby.
Types Of Preakness Betting
Futures Betting
Preakness futures wagering is a great option for all those who enjoy early betting. This type of bet is usually available up until the running of the Kentucky Derby.
Win, Place & Show Bets
Win, place and show bets are types of wagers that new players usually stick to. Just like the name suggests, a win bet is a bet placed on the horse that you hope to win the Preakness Stakes.
With place bets, you can get a return if your selection finishes first, second, or sometimes even fourth or fifth depending on the bookie’s offer. It goes without saying that the odds are much shorter, but this type of bet is more reassuring.
Show bet is the next in line. It’s quite simple: You win if your selection finishes in the top three. This bet comes with lower risk, but also a lower payoff.
Of course, it’s up to you to decide which one of these options is the best for you. There are also more complicated types of wagers. But once you get familiar with them, you’ll see that they can be easily understood.
Exacta Bet
If you’ve already tried some of the previous types of bets and you’d like to try something new when it comes to Preakness online betting, exacta is the next one to discuss.
In this type of bet, you have to choose two runners who you’ll think will finish first and second, but in exact order. That’s what makes this type of bet more complicated compared to those we discussed earlier. Of course, bigger risk means bigger potential payouts.
Trifecta Bet
A trifecta bet is similar to an exacta. But as the name suggests, this type of wager involves three horses. Choose three runners you think will finish in the top three, in the exact order, and wait for the outcome of the race.
If the “exact order” is daunting, there’s another option called a boxed trifecta wager. With this modified trifecta bet, you also have to choose three horses, but those three horses can finish in any 1-2-3 combination.
151st Preakness Stakes Betting Results
As noted above, Napoleon Solo held off Iron Honor to win the 2026 Preakness Stakes. With seven horses going off shorter than 10/1, and two more at 11/1, the payouts were limited.
Napoleon Solo (7/1) paid $17.80 to win on a $2 bet, while the Napoleon Solo/Iron Honor $2 exacta paid $107.20.
A $1 trifecta of Napoleon Solo, Iron Honor and Chip Honcho paid $597.10
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2026 Preakness Stakes Finish Order
Order of finish in the 2026 Preakness, with post position and odds in parentheses:
- (10) Napoleon Solo (7/1)
- (9) Iron Honor (8/1)
- (6) Chip Honcho (11/1)
- (2) Ocelli (7/1)
- (12) Incredibolt (5/1)
- (8) Bull By The Horns (19/1)
- (7) The Hell We Did (9/1)
- (13) Great White (9/1)
- (4) Robusta (28/1)
- (1) Taj Mahal (9/2)
- (11) Corona de Oro (17/1)
- (5) Talkin (11/1)
- (3) Crupper (29/1)
- (14) Pretty Boy Miah (26/1)
2026 Preakness Stakes Betting Payouts
(Win-Place-Show)
1) 10 Napoleon Solo ($17.80, $9.80, $7.40)
2) 9 Iron Honor ($9.20, $6.60)
3) 6 Chip Honcho ($8.20)
- $2 Exacta: (10-9) $107.20
- $1 Trifecta: (10-9-6) $597.10
- $1 Superfecta: (10-9-6-2) $2377.80.
Preakness Stakes Winners (Last 10)
2026 - Napoleon Solo
2025 - Journalism
2024 - Seize the Grey
2023 - National Treasure
2022 - Early Voting
2021 - Rombauer
2020 - Swiss Skydriver
2019 - War of Will
2018 - Justify
2017 - Cloud Computing
How To Read Preakness Stakes Odds
If you’re new to betting on horses, then your starting point for placing bets is understanding Preakness odds.
Each horse will have betting odds listed next to its post number or name. The majority of tracks and sportsbooks list odds in fractional form. Put simply, the odds are the return that you will receive on your stake or wager on the horse if it wins the race.
The win wager is the most popular wager in all of horse racing. You cash on this bet if the horse you choose wins the race. For example, in last year's Preakness Stakes odds, Seize the Gray was 10/1. If you made a $10 to-win bet on Seize the Gray, you'd have won $100.
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