The 151st Preakness Stakes is set for Saturday, May 16, at Laurel Park—a historic change of venue as Pimlico Race Course undergoes its major renovation. With Kentucky Derby champion Golden Tempo sitting this one out, the middle jewel of the Triple Crown has opened up for a competitive field of challengers.

Leading the charge is Gotham Stakes winner Iron Honor, who tops the morning-line odds at 9-2. He's joined by a pack of strong contenders: Incredibolt, Chip Honcho, Taj Mahal, and Ocelli—all listed at 6-1 or better. Post time is 6:50 p.m. ET, and with no clear superstar, this year's race is wide open for an upset.

For those looking to place a winning bet, horse racing expert Jody Demling has an impressive track record. He's called 11 of the last 21 Preakness winners, including a perfect exacta, trifecta, and superfecta hit in 2023. He also nailed the trifecta in 2024 and picked Journalism as the 2025 winner. Demling's deep knowledge of the sport makes his predictions a must-read for serious bettors.

One of Demling's most surprising calls this year? He's leaving Taj Mahal outside his top five—despite the colt being tied for second-lowest odds at 5-1. Taj Mahal is a perfect 3-for-3 in his career, with all wins coming at Laurel Park. That home-track advantage is a big reason he's among the favorites, but Demling questions the level of competition he's faced. Without a true Derby trail test, Demling doesn't see him cracking the top three.

Whether you're backing the favorite Iron Honor or looking for a long shot, Demling's full 2026 Preakness Stakes picks and predictions are available now. With the race moving to Laurel Park and no clear standout, this is the year to trust the experts.