What Are the Payout Odds if Chip Honcho Wins the Preakness Stakes?

Written by :

Don Shapiro

Published on :

16 May, 2026

Chip Honcho sits among the favorites to win this year's Preakness Stakes race at 5-1 odds for a payout potential of $50 for every $10 bet.
Both his trainer and jockey have had much Triple Crown success

Chip Honcho will offering a payout of $50 for every $10 bet or $500 for every $100 bet using the morning odds.

Chip Honcho's recent three races include a 2nd place finish at the Fasig-Tipton Risen Star Stakes (Gr. 2) and two finishes within the top 5 at the Lecomte Stakes (Gr. 3) (4th place) and, most recently, the Louisiana Derby (Gr.2) (5th place).

Trainer Steve Asmussen Triple Crown Wins Results

Asmussen has won 3 Triple Crown races:

Preakness Stakes
2007 — Curlin
2009 — Rachel Alexandra
Belmont Stakes
2016 — Creator

Jockey Jose Ortiz Triple Crown Wins Results

Jose Ortiz has emerged as one of the premier jockeys in North America with plenty of Triple Crown success.

Jose Ortiz — Triple Crown Wins

Jose Ortiz currently has 3 Triple Crown race victories:

Belmont Stakes
2017 — Tapwrit
Kentucky Derby
2026 — Golden Tempo
Kentucky Oaks
2026 — Always a Runner (not a Triple Crown race, but notable)

Post	Horse	Trainer	Jockey	ML
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’Neill	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 Velazquez	30-1
12	Incredibolt	Riley Mott	Jaime Torres	5-1
13	Great White	John Ennis	Alex Achard	15-1
14	Pretty Boy Miah	Jeremiah Englehart	Ricardo Santana, Jr.	15-1