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FanDuel Racing promo offer: $500 No Sweat First Bet for 2024 Preakness
Tommy Gilligan-USA TODAY Sports

FanDuel Racing promo offer: $500 No Sweat First Bet for 2024 Preakness

The 2024 Preakness Stakes is here and there's been no shortage of drama in the lead up to the May 18 race. If you're looking to get in on the action, FanDuel Racing is an excellent option. 

You can sign up with FanDuel Racing — no promo code required — and claim a $500 No Sweat First Bet if you've never had a FanDuel account on any platform before. If you've played DFS or on the sportsbook, you'll get a $20 no sweat bet.

Even if traditional sports betting isn't legal in your state, you can likely still place bets on the Preakness with FanDuel Racing. 

Currently, FD Racing is available in AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, WA (states where sports betting is not yet legal or quasi legal) plus AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY (states that have authorized online sports betting). The offer is the same in both types of states. 

You can use the hyperlinked offer title above, or the module below, to begin the sign up process. 

About the FanDuel Racing offer

Much like bet insurance offers at numerous sportsbooks across the country, this promotion is well-suited for new bettors testing out betting. 

Essentially, you'll get the value of your first bet back in bonus bets if you lose — in this case up to $500. 

So whatever initial cash stake you place, it's best to keep it at or under $500 to make the most of this offer. 

About the 2024 Preakness Stakes

Muth, the favorite, has been scratched due to an unspecified illness. That paved the way for Mystik Dan, the 2024 Kentucky Derby winner, as the favorite for the 2024 Preakness Stakes.

Obviously, a Mystik Dan would set the stage for a huge Belmont Stakes as Dan could be the first horse since Justify in 2018 to win the Triple Crown. 

While that's partially putting the cart before the horse, the Preakness is still slated to be an intensely exciting race. 

Both No. 8 Tuscan Gold and No. 9 Imagination appear to be contenders as well. Each is young and relatively spry which will certainly give them an edge. Whether it's enough to take the victory will be clear on Saturday. 

Another relevant factor is the potential rain. While it's not clear if it will shower, any rain will effect the outcome. 

2024 Preakness Stakes Odds

  1. Mugatu — 20-1
  2. Uncle Heavy — 20-1
  3. Catching Freedom — 6-1
  4. Muth — Scratched (health) 
  5. Mystik Dan — 5-2
  6. Seize the Grey — 15-1
  7. Just Steel — 15-1 
  8. Tuscan Gold — 8-1 
  9. Imagination — 5-1

Age and residency restrictions apply. See terms at racing.fanduel.com. Gambling Problem? Call 1-800-GAMBLER. New users only, must bet on Preakness Stakes to receive offer.

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