The Preakness Stakes is the second jewel of the Triple Crown and held every year two weeks after the Kentucky Derby at Pimlico Race Course in Baltimore, Maryland. While it does not have as much prestige as the Derby, with a purse of $1 million guaranteed it is still a juicy prize for any horseman. Like the Derby, only 3-year-old thoroughbreds can run in the Preakness, so each only has one chance at it in his lifetime.
Kentucky Derby winner Orb will move on to the Preakness, but second place Golden Soul and third place Revolutionary will wait for the Belmont. Several horses from the Derby will go on to the Preakness most years, but there are always a few new ones too.
Every spring the 3-year-old thoroughbreds start their campaigns hoping to make it to one of the Triple Crown races. Racing fans watch and wonder which prep race will yield the Derby, Preakness, and Belmont winner as the horses compete on the Triple Crown trail at race tracks from coast-to-coast. Just remember, for the Preakness the Kentucky Derby is a critical prep and very few win the race who didn't run in the Derby no matter where they finished in it.
The Preakness is not given quite as much scrutiny, since there are usually some standouts by then. Many people want to favor front running speed horses based on the theory that the turns are sharper at Pimlico and the fact the race is shorter. The Preakness is 1 3/16 miles which is still longer than most races, and the turns have been measured and that is just a myth. Another popular angle is bet the local horse for 2nd or 3rd, which often does work.