Preakness 2013 Payout: Complete Details of Winning Purse and Overall Earnings

Oxbow surprised many by winning the 138th Preakness Stakes. With this win, there is plenty of money changing hands.

The event comes with a $1 million guaranteed purse, which brings a lot of money to those that finish in the top five. Considering there were only nine entries in the race, most of the competitors came away with money. 

In this year's event, veteran jockey Gary Stevens broke convention by getting out to an early lead and 
winning with a wire-to-wire victory. He earned the win at Pimlico for the third time in his career. 

This gives Oxbow and everyone involved a nice payday of $620,000. Here is a look at the final standings and total earnings for each horse.

Place	Horse	Trainer	Jockey	Earnings
1	Oxbow	D. Wayne Lukas	Gary Stevens	$620,000
2	Itsmyluckyday	Eddie Plesa Jr.	John Velazquez	$200,000
3	Mylute	Tom Amoss	Rosie  Napravnik	$100,000
4	Orb	Shug McGaughey	Joel Rosario	$50,000
5	Goldencents	Doug O’Neill	Kevin Krigger	$30,000
6	Departing	Albert M. Stall Jr.	Brian Hernandez Jr.	-
7	Will Take Charge	D. Wayne Lukas	Mike Smith	-
8	Govenor Charlie	Bob Baffert	Martin Garcia	-
9	Titletown Five	Eddie Plesa Jr.	John Velazquez	-

This was an exciting race from start to finish as it featured a big-time favorite being toppled by a relatively unknown underdog. Oxbow finished sixth at the Kentucky Derby, but it certainly will receive much more attention after winning the Preakness.

Of course, you do not have to own a horse, race one or even train one in order to make money.

The Preakness brings out plenty of bettors from people around the nation and around the world. Those that bet on Orb were certainly disappointed as the favorite failed to live up to expectations. The Kentucky Derby winner entered at 3-5 odds, but he finished outside of the money at Pimlico.

On the other hand, Oxbow earned those who bet on him quite a bit of money. The horse was one of the bigger long shots in the event and ended up providing a payout of $32.80 on a $2 bet. This was actually the second highest odds of any horse in the race after Titletown Five.

It seems like it is sometimes a good idea to go against the grain.

Here is a look at the full betting payouts for each of the top-three finishers.

Pos.	Horse	Win	Place	Show
1	Oxbow	$32.80	$12.00	$6.80
2	Itsmyluckyday		$7.80	$5.00
3	Mylute			$5.20

Now the attention turns to the Belmont Stakes, which is the final leg of the Triple Crown. Although Saturday's results guarantee that no horse will win all three races, there should still be plenty to watch in the next race.

Orb will try to get some redemption after a disappointing fourth-place finish. Rosie Napravnik will continue breaking down barriers as a female jockey. Oxbow will look to win two out of the three biggest races on the calendar.

There will be a lot of prestige on the line in the final race, and once again plenty of money.