2026 Preakness Stakes: Chip Honcho Odds, Picks & Predictions

With the Kentucky Derby in the rearview mirror, all eyes now turn to the Preakness Stakes. As the middle jewel of the Triple Crown, the Preakness Stakes draws not only the finest three-year-old thoroughbreds but also a massive audience of racing enthusiasts and bettors keen to witness history in the making. Throughout this series, our featured horse racing experts will break down their favorite bets for the Run for the Black-eyed Susans, in addition to providing individual horse profiles. Below, we take a look at the current Preakness Stakes odds, post position, and expert advice for Chip Honcho.

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2026 Preakness Stakes Predictions: Chip Honcho

Post Position: 6
Odds: 5-1

Chip Honcho has had an up-and-down start to his career. He won two of his first three races, but he’s finished outside of the top three in two of his last three races. His best recent finish was a second-place run at the Risen Star, a race in which he beat Golden Tempo. However, his most recent start was at the Louisiana Derby, where he finished fifth and faded badly in the final stretch. That said, Chip Honcho will be fresh for this race, which is his first since March 21. Yet, while I’ll include this horse in some exotics, I don’t see much value in the 5/1 morning line.

-Phil Wood

Bet: Exotics

2026 Preakness Stakes Post Positions & Odds

Post	Horse	Trainer	Jockey	Odds
1	Taj Mahal	Brittany Russell	Sheldon Russell	5-1
2	Ocelli	Whit Beckman	Tyler Gaffalione	6-1
3	Crupper	Donnie Von Hemel	Junior Alvarado	30-1
4	Robusta	Doug O’Neil	Rafael Bejarano	30-1
5	Talkin	Danny Gargan	Irad Ortiz Jr.	20-1
6	Chip Honcho	Steve Asmussen	Jose Ortiz	5-1
7	The Hell We Did	Todd Fincher	Luis Saez	15-1
8	Bull by the Horns	Saffie Joseph Jr.	Micah Husbands	30-1
9	Iron Honor	Chad Brown	Flavien Prat	9-2
10	Napoleon Solo	Chad Summers	Paco Lopez	8-1
11	Corona de Oro	Dallas Stewart	John R. Velazquez	30-1
12	Incredibolt	Jaime Torres	Rilley Mott	5-1
13	Great White	John Ennis	Alex Achard	15-1
14	Pretty Boy Miah	Jeremiah Englehart	Ricardo Santana Jr	15-1

2026 Preakness Stakes Horse Previews, Picks & Predictions

Check out our previews for every horse competing in the 2026 Preakness Stakes and our expert analysis on the best bets for this year's Run for the Black-eyed Susans.

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