California residents can bet on the Preakness Stakes using offshore betting sites, despite the state's current restrictions on sports betting. The top five sites for Preakness Stakes betting include BetOnline, BetWhale, BUSR, Bovada, and BetNow, offering bonuses ranging from $750 to $2,500.

Despite California's 'non-gambling' status, which is expected to remain until at least 2026, residents can legally and safely place bets on these offshore sites. They are not subject to state betting regulations and support various deposit methods, including Bitcoin.

The 2024 Preakness Stakes odds from BetOnline indicate Mystik Dan as the favorite, following Muth's withdrawal due to a fever. Bettors can place win, place, show, and trifecta bets on the featured Preakness Stakes sportsbooks.