UPDATE: Post positions have been drawn for the Kentucky Derby, and Nyquist has been installed as a 3-to-1 favorite after drawing No. 13. Exaggerator is the second betting choice at 8-to-1, with three horses tied at 10-to-1.
"Breaking from the 13 is fine," trainer Doug O'Neill, who will saddle Nyquist and won the Derby and Preakness in 2012 with I'll Have Another, said. "The post draw didn't matter to us a ton, but we're happy being more toward the outside for sure."
The least favorable draws belong to the horses on the rail, Brody's Cause at No. 19 and the two horses next to Lani (Oscar Nominated, Destin), an unpredictable Japanese horse who no one really knows what to make of.
Speed horse Danzing Candy, expected to set the pace and take the lead early, drew No. 20.
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The post position draw for the 2016 Kentucky Derby will be held Wednesday evening at 5:30 p.m. ET. Though it can be watched live on NBC Sports Network or streamed on NBCSports.com, we'll provide live updates of the draw as it happens if you're on the move or can't tune in, and also provide morning line betting odds once Churchill Downs releases them. It's the biggest checkpoint in Derby week to show the race is finally just around the corner.
Check out the pre-post position draw odds here. Unbeaten Nyquist has been the favorite for the last few months, ever since his win in the Breeders' Cup Juvenile last fall. Sportsbook.ag listed him at 3-to-1 before post positions were drawn. The speedy Exaggerator, Mohaymen, Gun Runner and Mor Spirit are the other horses listed uner 10-to-1 prior to the post position draw.
MORE: Biggest long shots to win Kentucky Derby | Kentucky Derby records
There are certainly more favorable post positions for horses, and in a big field, no one wants to draw the inside gates. Last year, we detailed which post positions are favorable in the 20-horse Kentucky Derby. The size of the field makes a big difference. In fact, four of the last five winners have come from the auxillary gate and out — the normal gate holds 14 horses, but with the draw of the Derby, the field is often several horses bigger.
Kentucky Derby 2016 post postition draw live updates, morning line odds
1. Trojan Nation (50-1)
2. Suddenbreakingnews (20-1)
3. Creator (10-1)
4. Mo Tom (20-1)
5. Gun Runner (10-1)
6. My Man Sam (20-1)
7. Oscar Nominated (50-1)
8. Lani (30-1)
9. Destin (15-1)
10. Whitmore (20-1)
11. Exaggerator (8-1)
12. Tom's Ready (30-1)
13. Nyquist (3-1)
14. Mohaymen (10-1)
15. Outwork (15-1)
16. Shagaf (20-1)
17. Mor Spirit (12-1)
18. Majesto (30-1)
19. Brody's Cause (12-1)
20. Danzing Candy (15-1)
Check back with Sporting News all week for updates odds, scratches and much more.