The Preakness Stakes is an annual American Thoroughbred horse race held at Pimlico Race Course in Baltimore, Maryland. It is the second leg of the Triple Crown of Thoroughbred Racing, and is preceded by the Kentucky Derby and followed by the Belmont Stakes. The Preakness Stakes is often referred to as “The Run for the Black-Eyed Susans”, due to the blanket of the state flower of Maryland placed around the winner’s neck. It is a Grade I race run over a distance of 1 3/16 miles (9.5 furlongs).
History of the Preakness Stakes
The Preakness Stakes has been run since 1873, when it was first held at Pimlico Race Course. It was named for a winning colt at the Pimlico track in 1870, who was named Preakness after the owner’s winning wager. The Preakness is the second oldest of the Triple Crown races, behind only the Kentucky Derby. It is the shortest of the three races, and the only one to be held at the same track each year.
2021 Preakness Stakes
The 2021 Preakness Stakes was held on Saturday, May 15th, 2021 at Pimlico Race Course in Baltimore. The race was won by Medina Spirit, a three-year-old colt trained by Bob Baffert and ridden by jockey John Velazquez. The race was contested over 1 3/16 miles and was won by a margin of 1 1/4 lengths.
2021 Preakness Stakes Purse
The total purse for the 2021 Preakness Stakes was $1,500,000, with the winner receiving $900,000. The remainder of the purse was divided among the other finishers, with second place receiving $250,000 and third place receiving $150,000.
The Trifecta Payout
The trifecta payout for the 2021 Preakness Stakes was $11,845.50. This was based on a wager of $1 on the trifecta, which requires the bettor to correctly pick the first, second and third place finishers in the exact order. The trifecta pool for the 2021 Preakness Stakes was $485,148.
Trifecta Payout Breakdown
The trifecta payout for the 2021 Preakness Stakes was based on the following breakdown:
- First Place: Medina Spirit – $6,845.50
- Second Place: Midnight Bourbon – $2,500
- Third Place: Crowded Trade – $2,500
How Trifecta Payouts are Calculated
Trifecta payouts are calculated by taking the total amount wagered on the trifecta and dividing it by the number of winning combinations. In the case of the 2021 Preakness Stakes, the trifecta pool was $485,148, and there were 11 winning combinations (Medina Spirit, Midnight Bourbon, and Crowded Trade in exact order). This means that each winning combination was worth $44,107.09. The trifecta payout for each winning combination was then calculated by taking the total amount wagered and dividing it by the number of winning combinations.
How to Bet on the Trifecta
Betting on the trifecta is a popular way to wager on the Preakness Stakes, as it offers the potential for a large payout. To bet on the trifecta, the bettor must select the first, second and third place finishers in the exact order. The bettor must also select the amount of the wager, which can range from as little as $1 to as much as desired.
Benefits of Betting on the Trifecta
Betting on the trifecta offers several advantages over other types of wagers. It allows the bettor to spread their risk across multiple horses, increasing their chances of winning. It also offers the potential for a large payout, as the trifecta pool can often reach into the hundreds of thousands of dollars.
Risks of Betting on the Trifecta
Betting on the trifecta does carry some risk. As the trifecta requires the bettor to pick the first, second and third place finishers in the exact order, it can be difficult to successfully pick the correct combination. Additionally, the trifecta pool can often be volatile due to the large number of combinations available.
Conclusion
The trifecta payout for the 2021 Preakness Stakes was $11,845.50, based on a trifecta pool of $485,148. Betting on the trifecta offers the potential for a large payout, but carries some risk due to the difficulty of correctly picking the exact order of the top three finishers.