Preakness Odds 2026, Updated Lines and Favorites After Post Positions Draw

Iron Honor is the pre-race favorite for the 2026 Preakness Stakes.

Iron Honor drew into Post No. 9 on Monday night in the draw for the second leg of the Triple Crown.

Taj Mahal, Chip Honcho and Incredibolt are slightly behind Iron Honor on the morning line odds at 5-1.

The Preakness will not feature Kentucky Derby winner Golden Tempo. Saturday's event will be held at Laurel Park in Maryland as Pimlico Race Course undergoes construction.

Preakness Stakes Odds and Post Draw

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)

Iron Honor is the slightest of favorites for the Preakness.

Iron Honor won the Gotham Stakes back in February, but was far back in seventh place at the Wood Memorial in April.

Ocelli, who took third at the Kentucky Derby as a long shot, and Napoleon Solo both finished ahead of Iron Honor six weeks ago at the Wood Memorial.

Ocelli doesn't have a win on its resume, but the horse placed second or third in five of seven starts, including two weeks ago at Churchill Downs.

Taj Mahal, who is trained by Laurel Park-based Brittany Russell, starts on the inside and is one of three horses listed at 5-1. Taj Mahal owns three victories in his career.

Incredibolt is one of three Derby participants in the Preakness field. He took sixth at Churchill Downs and has a pair of sixth-place finishes across his last three starts.

Incredibolt did win the Virginia Derby in March, but he was a middle-of-the-pack horse on the first Saturday in May.

Chip Honcho, the other 5-1 horse, put up a fourth, second and fifth-place finish in 2026.

Napoleon Solo is the only other horse in the field with odds lower than 10-1 in the 14-horse field.