Just like the 2014 Kentucky Derby, and the Olympics before that, the 2014 Preakness is available to livestream online for anyone who has a cable deal. You can watch it over at NBC Sports’ Livestreaming Website. Their coverage of the preparations will begin at 1:30 ET, and the race will begin at 4:30 ET.
You can log into the NBC Sports livestream by entering in information about your account with your cable provider.