Midway Road broke in good order and settled in sixth of ten runners going into the first turn of the Preakness.
With only one furlong to go, he skimmed the rail just to the inside of Louisiana Derby winner Peace Rules and hooked up with him in a head-to-head battle.
In the meantime, Kentucky Derby winner Funny Cide pulled away from the rest of the field and won by 9-3/4 lengths (the second largest winning margin in 128 years at that time).
He beat Peace Rules by 3/4 of a length and also finished ahead of Scrimshaw, Senor Swinger, local favorite Cherokee's Boy, Foufa's Warrior, New York Hero, Kissin Kris and Ten Cents a Shine.
After eight months of rehabilitation, he was not progressing to the satisfaction of his trainer and was retired to stand stud at owner-breeder William S. Farish's Lane's End Farm in Versailles, Kentucky.