Preakness odds, betting, horses, post position, updated field: Iron Honor is favorite in second Triple Crown race

The 2026 Preakness Stakes will take place on Saturday, May 16 at 6:50 p.m. ET from Laurel Park, Maryland. The 14-horse field will be without 2026 Kentucky Derby winner Golden Tempo, which means there won’t be a Triple Crown winner this year.

Iron Honor (9-2) is the morning-line favorite and drew the No. 9 post position. Incredibolt (No. 12 post position), Taj Mahal (No. 1) and Chip Honcho (No. 6) all have 5-1 odds on the morning line.

Journalism won the 2025 Preakness as the favorite, finishing ahead of Gosger and Sandman in a nine-horse field.

Here are the odds and post positions for every horse in the Preakness:

Preakness odds, from Post 1 to 14

1. Taj Mahal (5-1)

2. Ocelli (6-1)

3. Crupper (30-1)

4. Robusta (30-1)

5. Talkin (20-1)

6. Chip Honcho (5-1)

7. The Hell We Did (15-1)

8. Bull by the Horns (30-1)

9. Iron Honor (9-2)

10. Napoleon Solo (8-1)

11. Corona De Oro (30-1)

12. Incredibolt (5-1)

13. Great White (15-1)

14. Pretty Boy Miah (15-1)