Preakness Stakes 2025: Underdogs That Can Snatch the Win

The 150th Preakness Stakes is just around the corner, set for Saturday, May 17, 2025, at Pimlico Race Course in Baltimore. As the second jewel of the Triple Crown, this legendary race has not only delivered some of the most thrilling moments in horse racing history, but it has also been a stage for stunning underdog victories that defy expectations.

Here are five 15-1 hopefuls aiming to make a bold statement in the 2025 Preakness Stakes.

1. Pay Billy 

Pay Billy secured his spot in the Preakness Stakes by winning the Federico Tesio Stakes on April 19, 2025. His well-measured run allowed him to stalk the leaders before making a decisive move in the final stretch. His ability to run efficiently without wasting energy also gives him an advantage against horses that may struggle with endurance over the demanding distance.

However, his lack of experience against elite competition raises concerns about whether he can replicate that success against stronger opponents. If he can maintain his composure and adjust to the faster pace, Pay Billy could outshine his Preakness odds today and emerge as a legitimate contender in the final stretch. 

2. River Thames

River Thames delivered a composed effort in the Florida Derby on March 29, 2025. His ability to stay within striking distance while keeping his pace controlled suggests he could benefit from Pimlico’s track conditions, particularly if early frontrunners push too hard and fade late. His consistency in handling high-stakes competition makes him an interesting contender.

Despite his reliability, he remains a longshot, largely due to his lack of a defining moment in major stakes races. He has performed admirably without securing a breakthrough win. If Pimlico’s conditions favor steady runners, River Thames could find himself in a position to capitalize, but he will need everything to go his way to pull off an upset.

3. Gosger Aims

Gosger impressed in the Wood Memorial Stakes on April 5, 2025, where he unleashed an explosive late charge that nearly pushed him into contention. His ability to find another gear in deep stretch makes him one of the most intriguing closers in the Preakness field, particularly if the frontrunners set a rapid pace early. 

Yet, inconsistency remains his biggest concern. While he has shown moments of brilliance, his ability to maintain that form throughout an entire race has been questionable. If Gosger can position himself correctly before launching his run, he could become a legitimate contender, but he must avoid getting stuck too far behind, where even his powerful finishing kick may not be enough to recover.

4. Clever Again 

Clever Again has demonstrated impressive bursts of speed, most recently after winning the Hot Springs Stakes on March 30, 2025. His ability to shift gears with precision makes him an interesting wildcard, as Pimlico’s track layout could favor horses capable of quick acceleration. If he can time his move properly, he may have the opportunity to weave through competitors and secure a strong finishing position.

However, his lack of sustained success in longer races remains a significant question mark. While his early speed is undeniable, maintaining it deep into the race has been a challenge, particularly when faced with stronger competition. If the pace is too intense early on, Clever Again may struggle to keep up late, but if he finds a comfortable rhythm, he has the potential to surprise.

5. Sandman 

Sandman enters the Preakness following a gritty victory in the Arkansas Derby on March 29, 2025. His ability to stay composed even under pressure has made him a respected longshot, particularly if Pimlico’s conditions favor endurance over raw speed. He is a horse that thrives in a longer battle, maintaining a steady rhythm rather than relying on bursts of speed.

Still, his lack of explosiveness may limit his ability to challenge stronger contenders if they maintain high cruising speeds throughout the race. While his stamina should allow him to remain competitive, he needs the right race setup to maximize his potential. If frontrunners push the pace too hard early and fade late, Sandman could emerge as a deep closer and sustain his momentum longer than most.

Never Underestimate Underdogs

Time and time again, underdogs have stunned the racing world. Rich Strike shocked the field with an 80-1 win in the 2022 Kentucky Derby, joining legendary longshots like Mine That Bird (50-1 in 2009), Charismatic (31-1 in 1999), and Donerail (91-1 in 1913). The bottom line is: always remember that odds don’t dictate the outcome, and sometimes, overlooked contenders make history in racing.