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 4-1 favorite to win. Here's a look at the latest odds, sorted by post position: Union Rags is a close second choice at 9-2 with Gemologist third at 6-1 followed by Dullahan at 8-1 in a full field of 20 horse. 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.