The 2026 Preakness Stakes is shaping up to be one of the most unpredictable editions in recent memory. For the third time in five years, the Kentucky Derby winner will be watching from the sidelines—trainer Cherie DeVaux has decided to rest upset Derby winner Golden Tempo instead of pursuing Triple Crown glory. But don't let that fool you. This year's race, which moves to Laurel Park in Laurel, Maryland, features a deep and competitive field of 14 horses, none of whom can be dismissed lightly.
Post time is set for 6:50 p.m. ET on Saturday, May 16, and the morning line has Iron Honor as the 9-2 favorite. Right behind him, Taj Mahal, Incredibolt, and Chip Honcho are all listed at 5-1, making for a wide-open betting board.
If you're looking for an edge, you'll want to pay close attention to what Jody Demling has to say. A longtime fixture in the horse racing world, Demling has been writing, talking, and betting on races for years—and his track record speaks for itself. He correctly predicted the top three finishers in the 2025 Kentucky Derby in exact order, and he's called 11 of the last 21 Preakness winners. That includes a massive 2023 hit where he nailed the winner, exacta, trifecta, and superfecta. He also captured the trifecta in the 2024 Preakness and correctly picked Journalism as the 2025 winner. Anyone following his picks on horse racing betting sites has had plenty to celebrate.
Now, with the 2026 Preakness Stakes field officially set, Demling has released his betting picks and predictions over at SportsLine. One of his most intriguing calls? He's high on Napoleon Solo, despite the horse being a longer shot at 8-1. Napoleon Solo won his first two career starts, including the Grade 1 Champagne Stakes at Aqueduct, but has since struggled, finishing fifth in his last two outings with declining speed figures. Still, Demling admits he's had his eye on this colt since the beginning of his career. "I like that he arrived a bit early to get a feel for the track," Demling says. "He's not impossible if he gets the trip."
On the flip side, Demling is fading Chip Honcho, even though the horse is one of the favorites. It's a bold move, but one that could pay off for bettors looking for value.
Whether you're a seasoned handicapper or just looking for a fun horse to root for, the 2026 Preakness Stakes offers plenty of storylines and opportunities. Make sure to check out Demling's full analysis and picks before placing your bets—this is one race where the favorites might not have the final say.