Even though the Preakness Stakes often has the smallest field of the three Triple Crown races, which often leads to shorter odds throughout the field, double-digit longshots have still been successful.

Journalism, who took second to Sovereignty at the Kentucky Derby, is the current favorite to win the 2025 Preakness Stakes on Saturday. Journalism is one of three Derby horses in the nine-horse field. However, Sovereignty is not entered in the race. The team behind the Derby winner opted it was in the horse's best interest to skip the Preakness.