The Preakness Stakes is back, and while this year's field may not be dripping with superstar talent, the 2026 edition at Laurel Park is shaping up to be a thrilling betting spectacle. With 14 eager 3-year-olds set to charge down the 1 3/16-mile track for a $2 million purse, there's no shortage of intrigue for horse racing fans and casual bettors alike.

This year's race has a unique twist: it's being held at Laurel Park while Pimlico Race Course undergoes renovations. The Kentucky Derby winner, Golden Tempo, has opted to skip this leg, leaving the door wide open for a new hero to emerge. Three Derby runners are making the quick two-week turnaround to try their luck, but the betting board is as open as we've seen in years. Don't be surprised if the winner pays a handsome price, even if they're the morning-line favorite.

Let's break down the key contenders you'll want to keep an eye on. Starting from the rail, we have the local star, Taj Mahal. This Maryland-bred son of Nyquist is a perfect 3-for-3, all at Laurel Park. He stormed to victory in the Federico Tesio, a key Preakness prep, and will have the hometown crowd firmly in his corner. With his undefeated record and rail position, he's the kind of story that makes the Preakness magical.

Right next to him is a horse that defied all logic in the Derby. Ocelli is still a maiden—0-for-7 lifetime—but he stunned the racing world by finishing third at 70-1 odds in the Run for the Roses. He came flying late as the speed collapsed, and while history is against him (no maiden has won the Preakness since 1888), his Derby run proves he can hang with the best. If he finally breaks through, it would be one for the ages.

Then there's Chip Honcho, a colt who was highly regarded earlier in the year but stumbled in the Louisiana Derby. His saving grace? He's now paired with jockey Jose Ortiz, who's been on an absolute tear, including a Derby win. Ortiz is simply better than the horse at this point, but if anyone can coax a winning performance out of Chip Honcho, it's him. Keep an eye on this Steve Asmussen trainee as a potential live longshot.

And don't forget Iron Honor, who was the favorite in his last start but failed to deliver. He's another one looking to bounce back and prove his early hype was justified.

With 14 horses, a wide-open betting board, and a mix of local heroes, Derby surprises, and talented closers, the 2026 Preakness is a bettor's paradise. Whether you're a seasoned handicapper or just looking for a fun wager, this race has something for everyone. Get your picks ready, and may the best horse cross the wire first.