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HISTORY OF THE PREAKNESS STAKES
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The Preakness is a $1,000,000 Grade 1 race for 3-year-olds run at a distance of 1 3/8 miles on Pimlico’s dirt course.  It is the second leg in America’s Triple Crown series.

Curiously, Saratoga Springs played a minor part in the naming of the Preakness.  One night in August of 1866 Maryland horse owner Milton Sanford (no relation to the famous Sanfords of Amsterdam, New York and Hurricana Farm) convened a dinner party at the Union Hall Hotel in Saratoga.  Among the attendees was Maryland Governor and horseman Oden Bowie, who chose the dinner party as the occasion to announce that he was building a new track in Baltimore, later to be called Pimlico.  To launch the new track in grand style, he proposed a new stakes race with the astonishing (at that time) value of $15,000.  That new stakes was named the Dinner Party Stakes in honor of that gathering in Saratoga.  The winner of that inaugural race in 1867 was Sanford’s unraced long shot named Preakness, who would become Maryland’s favorite horse.  When Governor Bowie began a new stakes race in 1873 restricted to 3-year-olds, he named the race in honor of Sanford’s equine star.

Although the 2012 renewal is called the 137th Preakness, that number only happened after a curious decision of the Maryland Jockey Club.  For a short history of that decision, see my accompanying “The Case of the Missing Preaknesses”.

The Preakness can boast of thirty winners who have been inducted into the Hall of Fame.  However, there is a long gap between Duke of Magenta, the 1878 winner, and Sir Barton, the 1919 winner and first winner, albeit retrospectively, of the Triple Crown, when no winner was a Hall of Fame inductee.  That period roughly compares to the faux Preaknesses that were held after Pimlico shut down.

Allan Carter, Historian
National Museum of Racing

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