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2012 Kentucky Derby Odds: Bodemeister Favorite, Union Rags Second

This 138th running of the annual Kentucky Derby will be held this Saturday, May 5th. With the post position announcements being released on Wednesday, Bodemeister is the early favorite to win with four to one odds.

Here's a look at the latest odds, sorted by post position:

  1. Daddy Long Legs: 30/1
  2. Optimizer: 50/1
  3. Take Charge Indy: 10/1
  4. Union Rags: 9/2
  5. Dullahan: 8/1
  6. Bodemeister: 4/1
  7. Rousing Sermon: 50/1
  8. Creative Cause: 12/1
  9. Trinniberg: 50/1
  10. Daddy Nose Best: 15/1
  11. Alpha: 15/1
  12. Prospective: 30/1
  13. Went The Day Well: 20/1
  14. Hansen: 10/1
  15. Gemologist: 6/1
  16. El Padrino: 20/1
  17. Done Talking: 50/1
  18. Sabercat: 30/1
  19. I'll Have Another: 12/1
  20. Liaison: 50/1

Union Rags is a close second choice at nine-to-two odds with Gemologist third at six-to-one odds followed by Dullahan at eight-to-one in a full field of 20 horses.

The race is set for Saturday at 5 ET, although there is a bevy of TV coverage before and after the actual race.

For more coverage of the Kentucky Derby, check out SB Nation's Kentucky Derby Stream