The tradition of the Preakness Alibi Breakfast started in the 1940's, a chance for the connections of Preakness entrants to solicit interesting and colorful race predictions. The event is held in the clubhouse dining room and each Preakness trainer is interviewed, often cracking jokes or making off-color comments. This time is also used for the Maryland Jockey Club to present awards to members of the media and others who have made significant contributions to the local racing industry.
Each year the Woodlawn Vase is on display along with the saddlecloths for the Preakness. Each owner of a Preakness entrant is given a small jockey statue painted with the colors of his or her silks as a memento.
