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2012 Kentucky Derby Odds: Post Position Announcement Shifts Odds

Wednesday's unveiling of the 2012 Kentucky Derby post positions caused some slight shifting in the odds for Saturday's race.

The updated odds -- presented here to correspond with the horses' post positions -- are:

1. Daddy Long Legs 30/1
2. Optimizer 50/1
3. Take Charge Indy 15/1
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 Knows 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

The top horses, according to the odds, are Bodemeister and Union Rags, which are 4/1 and 9/2, respectively. This site tracks the evolving odds.

Before placing any bets, however, you may want check out this New York Times article about the crapshoot that is making odds. From the article,

The Churchill Downs oddsmaker, Mike Battaglia, made the Arkansas Derby winner Bodemeister the morning-line favorite for the 138th running of the Derby. Barely. He will break from the No. 6 post and was assigned odds of 4-1, a smidgen ahead of Union Rags, who will line up two gates inside at 9-2.

When asked about his analysis, Battaglia shrugged the shrug of a man who is essentially guessing. He has been setting the Derby morning line since 1975, and this was among his most puzzling.

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.

Check out the SB Nation Channel on YouTube

Photographs by spatulated, Triple Tri, and chrischappelear used in background montage under Creative Commons. Thank you.