A guide to betting on the Preakness Stakes horse race: Where and how to place bets, odds and more

Horse racing is a popular sport to bet on. While there is an emphasis on horse racing in the spring, the sport is year round, and you can find racetracks around the country with American Thoroughbreds nearly any time. 

The Kentucky Derby, Preakness Stakes and Belmont Stakes are the popular horse races in the springtime that make up the Triple Crown. 

The Preakness Stakes is second in the racing lineup. The race has been around since 1873 and is held on the third Saturday of May each year. The race takes place in Baltimore at Pimlico Race Course. 

When it comes to betting on the horse races,...