The 2026 Preakness Stakes is shaping up to be one of the most thrilling middle jewels of the Triple Crown in recent memory, with a 14-horse field of talented thoroughbreds ready to battle it out at a mile and 3/16. While Pimlico’s historic track undergoes continued modernization, the action shifts to Laurel Park Racetrack for Saturday's 151st "Run for the Black-Eyed Susans."

Kentucky Derby winner Golden Tempo is skipping this leg to prep for the Belmont next month at Saratoga, but don't let that fool you—this field is packed with speed, pedigree, and compelling storylines. After Monday's draw, the odds are set: Iron Honor leads as the 9-2 favorite, followed closely by Taj Mahal (5-1) and Incredibolt (5-1). Incredibolt, Ocelli (6-1), and even the longshot Robusta (30-1) are all making a quick turnaround from the Kentucky Derby just two weeks ago.

NBC Sports' horse racing and betting analyst Drew Dinsick (@whale_capper) will drop by later this week with his picks, so stay tuned for that. In the meantime, here's everything you need to know about the big race.

Race Details:
When: Saturday, May 16, 2026
Post Time: 6:50 PM ET
Site: Laurel Park, Laurel, MD
Race Length: 1 3/16 miles
Purse: $2,000,000
Network: NBC / Peacock

This is your ultimate betting primer for the Preakness Stakes. Let's break down each horse, including their jockey, trainer, most recent race, racing style, and a few oats to chew on.

Horse #1: [Name TBD]
Jockey: Sheldon Russell | Trainer: Brittany Russell
Last Race: 1st in the Federico Tesio Stakes at Laurel Park
Racing Style: Free-Running—uses early speed to break away from the pack
Purchase Price: $525,000 | Career Earnings: $88,000
Oats to Chew On: Sired by 2017 Kentucky Derby winner Nyquist (same as Iron Honor). All three of his races have been at Laurel Park—home turf for this year's Preakness.

Horse #2: [Name TBD]
Jockey: Tyler Gaffalione | Trainer: D. Whitworth Beckman
Racing Style: Stalker—typically sits behind the early speed and makes a move late