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

The 2026 Preakness Stakes is scheduled for Saturday, May 16 at 6:50 p.m. ET at Laurel Park, Maryland, featuring a 14-horse field. Kentucky Derby winner Golden Tempo will not compete, eliminating any chance of a Triple Crown this year. Iron Honor enters as the 9-2 morning-line favorite from post position No. 9, with Incredibolt, Taj Mahal, and Chip Honcho all listed at 5-1 odds.